Industry

Pharos Energy signs third amendment to Egyptian concession deal

21 Jan ORA ORMEPharos Energy has signed the third amendment to the El Fayum concession agreement with the government of Egypt

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Aramco signs multiple agreements during the Saudi-Korean investment forum

ARAMCO dealsThe Saudi Arabian Oil Company announced the signing of one agreement and nine Memoranda of Understanding (MoUs) with leading Korean entities, in an aim to advance its downstream strategy and support development of low-carbon energy solutions, while creating new financing options for the company

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‘ExxonMobil’s scope 3 emissions to rise’

Oil and gas demandFollowing ExxonMobil’s announcement of an ambition to achieve net-zero emissions for operated assets by 2050, Will Scargill, managing energy analyst at GlobalData, has highlighted his view on the company’s strategy

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What’s in store for the oil market in 2022?

Oil market 17 JanThe world’s most heavily traded commodity starts a new year on renewed optimism about demand despite Covid-19 uncertainties and Europe’s energy crisis

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Wood propels Middle East growth with US$580mn of wins in 2021

Wood MidEast 2022Wood has marked a year of strategic growth in the Middle East region following a suite of contract awards and strategic framework renewals across its consulting, projects and operations business units, accumulating in US$580mn of secured backlog in 2021

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