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Latest News & Updates

World Oil

OPEC may have no appetite to cut oil production deeper when it meets next month, but flaring political crises across the group are once again threatening supply.
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Global drilling and engineering contractor KCA Deutag announced that its land drilling operation has won new contracts worth approximately $460m in the Middle East, Africa and Europe.
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Injazat, a market leader in digital transformation and Lamprell, a leading provider of fabrication, engineering and contracting services to the offshore and onshore oil and gas and energy sector, have started collaborating to create and market innovative digital solutions focused on the oil and gas and renewables markets.
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CGG has established a Regional Geoscience Center in Abu Dhabi to deliver geophysical, geological and reservoir technology and support to clients across the Middle East.
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Leading producers plan to increase output, replace reserves
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Qatar has invited Exxon Mobil Corp., Royal Dutch Shell Plc, Total SA, ConocoPhillips and other “big players” to submit bids to help expand its part of the world’s largest natural gas field, Energy Minister Saad Sherida Al-Kaabi said.
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Another mixed outlook awaits the EandP sector
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Saudi Arabia is considering means to end the slump in oil prices, but the options available to them are scarce.
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The latest mission by OPEC and its partners to contain an oil glut is entering its most critical phase.
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When Saudi Arabia announced plans to sell shares in its crown jewel Aramco, international bankers scrambled to get a piece of the action. Three years on, they’re questioning whether what could be the world’s biggest IPO is worth their time and effort.
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