Industry
Seasonal LNG demand to fall for the first time since 2012: Wood Mackenzie
Global demand for LNG is expected to fall 2.7 per cent or three million tonnes (Mt) y-o-y in its first seasonal contractions since 2012, said research and consultancy group Wood Mackenzie
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Honeywell opens gas detector factory in Saudi Arabia
Honeywell will open a facility for the production of gas detection devices in Saudi Arabia, underscoring Honeywell’s commitment to the In-Kingdom Total Value Add (IKTVA) programme
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'4IR adoption in Middle East energy sector to achieve operational excellence'
The economic demand destruction triggered by the COVID-19 pandemic should propel the Middle East energy industry to accelerate its adoption of the 4th Industrial Revolution digital toolbox and embed greater operational efficiencies, according to Gulf Intelligence
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PDO starts commercial operation of Amin Photovoltaic Power Plant
Petroleum Development Oman (PDO) has begun operations of the 100-megawatt Amin Photovoltaic Power Plant
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IEA: Global consumer spending on oil may fall below the amount spent on electricity
The COVID-19 pandemic has set in motion the largest drop in global energy investment in history, with spending expected to plunge in every major sector this year, with global investment in oil and gas is expected to fall by almost one-third in 2020, according to the International Energy Agency (IEA)
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