The subsea market in 2019 will experience y-o-y growth for the first time since 2014, but the positive outlook is vulnerable to any significant decline in oil prices over the next few years, according to energy research and consulting firm Rystad Energy
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McKinsey forecasts near-term upside but a challenging long-term outlook for refining
McKinsey Energy Insights states that new refinery capacity led by greenfield projects in Asia and the Middle East is expected to have a negative impact on global hub refining utilisation as early as 2022
Airborne Oil & Gas wins TCP contract with Addax in West Africa
Airborne Oil & Gas has signed a contract with Addax Petroleum, a subsidiary of the Sinopec Group, to provide the company with two gas lift jumpers in West Africa
Energy, petrochemical projects worth US$859bn underway in MENA: report
Oil, gas and petrochemical projects worth more than US$859bn are either underway or planned in the Middle East and North Africa (MENA), according to a report
Survey reveals US$70 per bbl oil price in sight after OPEC deal
The extension to March 2020 of an oil production cut deal by OPEC to remove of 1.2 mmbbl per day from the market will push Brent crude prices to US$70 per bbl, according to 66 per cent of those polled in GIQ’s monthly Energy Market Survey in July
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