Flowserve takes strides toward a more sustainable future
Flowserve Corporation, a leading provider of flow control products and services for the global infrastructure markets, announced the release of its 2019 …
Trends & Forecasts
Adnoc CEO highlights investment and partnership opportunities in the UAE
His Excellency Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and Group CEO of the Abu Dhabi National Oil Company (Adnoc) …
The Covid-19 crisis is causing the biggest fall in global energy investment in history
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 …
Over USD 85bn of 2020 forecast expenditure erased from oil and gas sector
To protect balance sheets, maintain shareholder pay-outs and preserve cash, oil and gas companies have gone into survival mode, reducing forecast expenditure …
Achema Congress 2021, submission of abstracts open
At the Achema Congress, researchers, developers and users get together to discuss what’s needed, what’s possible and what will be the next big thing in the …
Above a million oilfield service jobs will likely be cut in 2020 as Covid-19 and low oil price take toll
More than a million jobs in the oilfield service industry (OFS) are likely to be cut in 2020 due to low project volumes brought upon by the Covid-19 epidemic …
More than 200 UK and Norwegian oilfield services firms expected to go bankrupt over coronavirus
More than 200 oilfield services firms (OFS) across the UK and Norway are “set to become insolvent” due to the coronavirus outbreak, according to Rystad …
Lukoil plans $100 billion investment over 10 years
As part of a new development strategy, Lukoil plans to invest more than $100 billion in various projects, primarily in Russia, Vagit Alekperov, the chief …
DNV GL publishes a new oil and gas outlook
New research published by DNV GL reveals that optimism for growth in the oil and gas industry has weakened for this year. This comes amid uncertainty around …
Corrosion detection spin-out secures £1M investment
A university spin-out that has found a way to detect corrosion and prevent leaks in assets such as pipelines through a network of remote sensors has completed …