Austria’s OMV celebrates 25 years of partnership with Abu Dhabi

MEDIA107459It has been 25 years since Abu Dhabi and Austria signed a consortium agreement that laid the foundation for the strong and enduring commercial partnership

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Wellpro Group announces Middle East expansion

Wellpro GroupAberdeen-headquartered Wellpro Group has continued its international growth momentum with a new acquisition in the Middle East

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Saudi Aramco facilities targeted in armed drone attack

3958904657 3bc22b4255 zSaudi Aramco has issued an official statement saying that it responded to a fire at East West Pipeline Pump station eight on 14 May which was caused by a sabotage incident using armed drones

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‘Oil supply disruptions could see a violent price spike’

16546032166 1c3be98f17 zRystad Energy reports that supply disruptions in the Middle East over and above an already tight crude market could send oil prices up violently

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Global energy investment totalled more than US$1.8 trillion in 2018

energy 14mayGlobal energy investment stabilised in 2018, ending three consecutive years of decline, as capital spending on oil, gas and coal supply bounced back while investment stalled for energy efficiency and renewables, according to the International Energy Agency (IEA)

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