Industry

Oil surplus to put global storage infrastructure in trouble: Rystad Energy

cameron venti ASmaVyS4AZM unsplashThe largest oil supply surplus the world has ever seen in a single quarter is about to hit the global market from April, creating an imbalance of around 10mn bpd

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Coronavirus adds more woes for oil and gas industry, says GlobalData

25821588705 790e7ca91c cThe recent coronavirus (COVID-19) outbreak is adding further woes for the oil and gas industry, which is already plagued by oversupply and declining prices

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VIES announces multi-million-dollar investment from Blue Water Energy

48403439486 539ec59259 cVarel International Energy Services (VIES), the international supplier to the oil and gas industry, has announced a multi-million-dollar investment from Blue Water Energy, the international private equity firm that specialises in the energy sector

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First ‘ADNOC On the go’ station opens in Al Bateen

adnoc 2020 03 17The first ‘ADNOC On the go’ neighbourhood service station has opened its doors to the local community at Al Bateen, Abu Dhabi

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Global oil demand down 2.8 per cent bpd in 2020: Rystad Energy

lighted buildings near body of water 3105242Global oil demand will decrease by 2.8 per cent or 2.8mn bpd per day year-on-year as the spread of coronavirus continue to escalate, according to consultant Rystad Energy

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