This year may see a broadly balanced oil market, reflecting slackening demand in advanced economies (impacted by monetary tightening), OPEC+ alliance cuts, plus a slowdown in non-OPEC supply, says economist Moin Siddiqi
Exploration
Enterprise-wide predictive maintenance strategies will prove profitable in long-run: GlobalData
Maintenance strategies in the oil and gas industry have gradually transformed from their early days in the 19th century
WEG to showcase latest motors and drives at Egypt Energy Show (EGYPES)
WEG, the global manufacturer of electrical motors and drives, will exhibit its latest products and technologies at the Egypt Energy Show (EGYPES), taking place from 19-21 February at the Egypt International Exhibition Center in Cairo, Egypt
Shell to sell Nigerian onshore subsidiary SPDC
Shell has reached an agreement to sell its Nigerian onshore subsidiary The Shell Petroleum Development Company of Nigeria Limited (SPDC) to Renaissance, a consortium of five companies comprising four exploration and production companies based in Nigeria and an international energy group
Rex to seek financial advise from Hannam & Partners on Benin block
Rex International Holding has engaged London-based independent investment bank, Hannam & Partners (H&P), as its exclusive corporate finance advisor with respect to the recently awarded production sharing contract (PSC) for Block 1, Sèmè Field in Benin