Industry

Capital discipline to remain crucial for BP over the next few years, says GlobalData

BP GLobalDataOver the next few years, capital discipline will remain crucial for BP, and as the company continues to increase investment in low carbon and convenience, the prospects of a rebound of investment in its core oil and gas business is unlikely, according Daniel Rogers, senior oil and gas analyst at GlobalData

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Amarinth and RentCo Africa to finance pump equipment for Africa’s capital projects

Itai ChotoAmarinth has signed a strategic partnership with RentCo Africa Ltd to cooperate on strategic projects in Africa to provide and finance centrifugal pumps and associated equipment on attractive financing terms

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Shell, C3 AI, Baker Hughes and Microsoft launch Open AI Energy Initiative (OAI)

Open AIShell, C3 AI, Baker Hughes and Microsoft have announced the launch of the Open AI Energy Initiative (OAI), an open ecosystem of artificial intelligence (AI)-based solutions for the energy and process industries 

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Middle East and Africa’s oil and gas industry sees 33.3% rise in deal activity in Q4 2020

GlobalData MEA oil and gas dealMiddle East and Africa’s oil and gas industry saw a rise of 33.3% in overall deal activity during Q4 2020, when compared to the four-quarter average, according to GlobalData’s deals database

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Severn Glocon Group enters next phase of its five-year growth plan

Colin Findlay CEO SevernBritish valve engineering firm Severn Glocon Group is consolidating its global network of individually branded businesses, all of which will now operate under the simplified ‘Severn’ brand name

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