Industry

Global oil stocks to pile up following coronavirus-induced surplus

46326007364 2179a01b5a cThe coronavirus outbreak in China will curb global oil demand growth by at least a quarter this year, and the production cuts of 600,000 bpd proposed by an OPEC+ committee are far from enough to balance the market, a Rystad Energy analysis shows

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Xergy Group launches Proteus to transform oil and gas ERP market

Colin MansonAberdeen-based Xergy Group has unveiled Proteus, a cloud-based work management system, to allow companies to find right people for projects when needed, thus transforming the way in which industry sources and uses talent and delivering these projects with increased profitability

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ROVOP’s full in-house inspection services offering

Dan Jones and Andy Freeman ROVOPGlobal subsea robotics specialist ROVOP has announced the addition of full in-house inspection services to complement the range of underwater robotics technologies

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Petroleum Law gets presidential ratification in Somalia

somalia president lawFollowing approval by Somalia’s upper and lower houses of the Federal Parliament, the Petroleum Law has been ratified by the President Mohamed Abdullahi Farmajo

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Equinor aims to halve carbon intensity by 2050

image 3Norwegian oil and gas major Equinor aims to reduce the net carbon intensity, from initial production to final consumption, of energy produced by at least 50 per cent by 2050

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