Libya returns to play role in world oil supply dynamics

26470305296 5a54f61bdb zLibya can play an important role in stabilising the oil price as its production starts to ramp up towards levels not seen since the revolution in 2011, according to a research by APICORP

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Equatorial Guinea minister terminates all contracts with Subsea 7

minister 22At the South Sudan Oil and Power Conference in Juba, the minister of mines and hydrocarbons has announced the decision to mandate all petroleum operators to cancel all contracts with the US based oil service company Subsea 7, due to noncompliance of Equatorial Guinea’s local content regulations

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Conbit’s new knuckle boom crane enhances offshore lifting capabilities

conbit 20Conbit has enhanced its rental crane fleet by investing in a new knuckle boom crane that is ideal for specialist offshore lifting

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US$9.9bn in M&A recorded in global oil and gas equipment and services industry in Q3 2018

merger 19A combined value of US$9.9bn in mergers and acquisitions (M&A) was recorded in the oil and gas equipment and services industry in Q3 2018, according to GlobalData a leading data and analytics company

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MENA will remain main global supplier of oil and gas, says DNV GL

MENA 16The world will need less energy from the 2030s onwards, but it will still require a significant amount of oil and gas in the lead-up to mid-century, according to DNV GL’s 2018 Energy Transition Outlook, an independent forecast of the world energy mix in the lead-up to 2050

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