Industry

Oil tankers attacked in Gulf of Oman

22626307427 4f2f364f06 zTwo oil tankers were attacked in the Gulf of Oman, about 56 NM east of Fujairah, sending global oil prices rising

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USA cements its position as world leader in oil reserves

Rystad 13j 1In its annual report of world recoverable oil resources, Rystad Energy finds that the USA holds 293bn barrels of recoverable oil resources, which is 20bn barrels more than Saudi Arabia and almost 100bn barrels more than Russia

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Petrofac secures contract with Petroleum Development Oman

26470305296 5a54f61bdb zPetrofac, an oilfield service provider, has secured its third project under a 10-year framework agreement with Petroleum Development Oman (PDO) with the award of a procurement services project for the Mabrouk North East Pipe Procurement Project in Oman

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KOTC renews marine lubricants agreement with Lukoil

Lukoil top management along with KOTC top officialsThe Dubai subsidiary Lukoil Marine Lubricants (Lukoil) has renewed its three year agreement with Kuwait Oil Tanker Company (KOTC), the subsidiary of Kuwait Petroleum Corporation (KPC)

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BP: Carbon emissions from energy industry rose two per cent in 2018

sunset 2165885 640The global energy demand grew by 2.9 per cent and carbon emissions grew by two per cent in 2018, faster than at any time since 2010-11, according to the 68th annual edition of the BP Statistical Review of World Energy

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