The 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
Industry
Xergy Group launches Proteus to transform oil and gas ERP market
Aberdeen-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
ROVOP’s full in-house inspection services offering
Global subsea robotics specialist ROVOP has announced the addition of full in-house inspection services to complement the range of underwater robotics technologies
Petroleum Law gets presidential ratification in Somalia
Following approval by Somalia’s upper and lower houses of the Federal Parliament, the Petroleum Law has been ratified by the President Mohamed Abdullahi Farmajo
Equinor aims to halve carbon intensity by 2050
Norwegian 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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