Following the coronavirus (COVID-19) outbreak, China, the world’s biggest importer of crude oil, has been forced to cut down on consumption
Industry
COVID-19 outbreak leads to a surge in tanker rates, says GlobalData
The rates for chartering very large crude carriers (VLCCs) has surged exponentially due to a spike in demand for long-term offshore storage of crude oil following OPEC’s disagreement with Russia over the impact of the coronavirus (COVID-19) and the resulting oil price crash, according to data and analytics company GlobalData
‘Crude prices edge higher as producers announce cuts’
Crude prices has climbed as more producers announced production cuts, but remained near 18-year lows as the coronavirus pandemic continued to weaken demand
Oil and gas industry releases updated global sustainability reporting guidance
IPIECA, the American Petroleum Institute (API), and the International Association of Oil & Gas Producers (IOGP) have released the new edition of the sustainability reporting guidance for the oil and gas industry, which marks over 15 years of collaboration between the member companies across the three leading industry associations
Saudi Aramco tightens capital expenditure as oil prices crash, says GlobalData
Saudi Aramco plans to reduce its investment plans after oil prices crashed due to a slump in demand as a result of the coronavirus (COVID-19) pandemic
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The oil and gas industry has been increasingly adopting AI technology in recent years, and this trend is expected to continue in the coming years. (Image source: Adobe Stock)
SmartMaster can be used with a range of ABB and third-party instruments. (Image source: ABB)
Comparison of conventional workflow with DUG MP-FWI imaging. (Image source: DUG)
The expansion is expected to increase the plant’s processing capacity from 2.5 to up to 4 billion standard cubic feet per day (bscfd). (Image source: Aramco)
Oman LNG signed various agreements with Shell Gas to secure its gas supply until 2034. (Image source: Adobe Stock)
ARO Drilling and IMI announce first Kingdom jack up rig (Image source: ARO)
GAC Saudi Arabia has extensive operations at major ports in Saudi Arabia. (Image source: GAC Saudi Arabia)
Michael Monica, director sales, marketing and customer care at GPT Industries signs the agreement with Mohamed Altaf, sale manager, Abdulla Fouad Energy Services. (Image source: Alain Charles Publishing)
Amin H. Nasser, CEO of Aramco. (Image source: Aramco)
The system can activate notification and hazard mitigation equipment to notify workers and safeguard facilities. (Image source: MSA Safety)
The new discoveries will bolster Aramco’s strategy to increase gas production by more than half over 2021 levels, through 2030. (Image source: Adobe Stock)
The use of blockchain in the oil and gas sector is set to increase substantially. (Image source: Adobe Stock)
The new technology is designed to address the challenging conditions in unconventional wells. (Image source: Adobe Stock)
Source: SafeStart
The Ampelmann A-type enabling safe offshore access in the Middle East. (Image source: Ampelmann)
Aramco has produced the first unconventional tight gas from its South Ghawar operational area ahead of schedule. (Image source: Adobe Stock)
Gaurav Khupsare, Director, MACS-G Solutions. (Image source: Alain Charles Publishing)
Tethys Oil is currently conducting final preparations ahead of the rig mobilisation for the drilling of the first exploration well on Block 58, Kunooz-1 in Fahd.
TotalEnergies and SONATRACH will develop gas resources in Algeria's north-east Timimoun region, (Image source: Adobe Stock).
By using analytics to augment and empower the workforce, pipeline operators can optimise operations and improve asset availability. (Image source: Adobe Stock)
The oil price is hovering around the US$90/bbl mark. (Image source: Adobe Stock)
The Craig International Qatar team. (Image source: Craig International)
The SuperFill II diverter reduces induced surge pressure. (Image source: Halliburton)
Among other services, KBR will offer proprietary equipment for NCIC's 1,200 metric tonnes per day ammonia plant. (Image source: Adobe Stock)
The expansion is expected to increase the plant’s processing capacity from 2.5 to up to 4 billion standard cubic feet per day (bscfd). (Image source: Aramco)
Comparison of conventional workflow with DUG MP-FWI imaging. (Image source: DUG)
ADNOC Gas recorded robust financial and operational results in 2023. (Image source: Adobe Stock)
Over 4,000 km of SoluForce pipe has been installed around the world. (Image source: SoluForce)
Block 56 is targeted for commercialisation in 2024. (Image source: Canva)
The programme will optimise asset lifecycle, enhance machinery performance and improve overall reliability. (Image source: Adobe Stock)
The use of blockchain in the oil and gas sector is set to increase substantially. (Image source: Adobe Stock)
Source: SafeStart
GAC Saudi Arabia has extensive operations at major ports in Saudi Arabia. (Image source: GAC Saudi Arabia)
The company is well positioned in 2024, with a reshaped and resilient business and a strong balance sheet. (Image source: Adobe Stock)
The vessel addresses the growing demand for accurate hydrographic data. (Image source: Fugro)
The virtual inhouse seismic processing centre will allow each of the decentralised business units of Wintershall Dea globally to collaborate efficiently and directly with DUG. (Image source: Adobe Stock)
