During the 174th Meeting of the OPEC Conference in Vienna, OPEC and non-OPEC global oil giants have agreed to raise crude production, a move that aims to control the recent rise in global oil prices
Industry
US$3.3 trillion to be spent across planned oil and gas projects worldwide
A total capital expenditure (capex) of US$3.3 trillion is expected to be spent globally across oil and gas value chain on planned and announced projects between 2018 and 2025, according to GlobalData, a leading data and analytics company
New investment models can boost MENA oil and gas sector
New investment models are required to encourage optimal development in MENA oil and gas sector, said Majid Jafar, CEO of Crescent Petroleum, during the OPEC Seminar in Veinna
Lamprell to focus on Saudi expansion, drive kingdom’s oil and gas sector
Lamprell has announced an update on its strategy in Saudi Arabia and the development of its local presence in the kingdom
World turns towards clean energy future: Thorsten Herdan
The world can achieve a cleaner energy future if everyone starts using natural gas for the time being, according to the World energy minister during the G20 summit in Argentina from 13-14 June 2018