Industry

The EIU launches a high-frequency measure of oil market tightness

pump jack 848300 640The global oil market tightened slightly in the week ending 23 November 2018, according to a new measure of oil-market supply created by The Economist Intelligence Unit and CargoMetrics, the oil adequacy index

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GIQ survey: Oman should prioritise energy transition policies

oman 66Oman needs to prioritise strategies for reducing national demand for power rather than investing in delivering new energy supplies to meet its soaring call on energy, according to the Gulf Intelligence survey of 200 Omani energy executives and officials

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Industry still awash in rigs and bullishness needs tempering: IHS Markit

IHS M 1Fuelled by increasing day rates and growing global demand growth for harsh environment (HE) semi-submersible offshore drilling rigs, some industry leaders are extremely bullish on future demand for these semis, according to IHS Markit, a leading global source of critical information and insight

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Qatar withdraws from OPEC

Qatar 4Qatar has announced to withdraw from OPEC on 1 January 2019, putting an end to its 57-year membership of the producers’ cartel

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ERGIL to supply 15 high-pressure surge vessels for Jordanian water sector

ergill 4ERGIL, global provider in design, engineering and manufacturing of oil, gas and water process equipment, pressure vessels and storage tanks equipment, has announced to supply surge vessels to Energy Efficiency Improvement Project in the Jordanian water sector

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