Tag Archives: Oil
ADNOC Signs Offshore Concessions with CNPC Strengthening Ties with World’s Number One Oil Importing Country
Following a series of both public and private demonstrations in the last few months, local marine autonomy experts MAP Marine Technologies [MAP-Tech] once again present their system, only now suited for the Oil & Gas sector.
“The high demand for oil has absorbed the increase in shale oil production” – Crown Prince Mohammed bin Salman
Growing news across oil exporting countries have been unpleasant. This Monday, Russia and Saudi Arabia announced that they request a nine month OPEC output cut extension. Following that Kuwait and Oman has joined Russia and Saudi Arabia – the two largest producers among the 24 producers who earlier agreed to cut output in 2018 for an extension.