DRILLING & PRODUCTION

Modelling a second Covid-19 wave: Oil demand in 2020 could lose another 2.5 million bpd
North America (notably the lower US states), the Middle East and Southeast .....
OPEC compliance reached 87% in May 2020
GCC nations made additional cuts to help boost compliance
Lowering oil & gas price assumptions an important lever towards cleaner investment for BP
BP announced that it is revising its long-term price assumptions
Saudi Aramco completes SABIC acquisition
The national oil company purchased 2.1 billion shares of SABIC
Kuwait Petroleum Corporation to ban recruitment of expat through 2021
KPC and its subsidiaries will stop recruiting non-Kuwaitis, the minister of oil .....
ADNOC to host virtual roundtable roundtable with global energy leaders
Leading energy companies will discuss the future for oil and gas after .....
Global upstream investments set for 15-year low, falling to $383 billion in 2020
With 2019’s upstream investments calculated at $539 billion, the decline is set .....

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Oil & Gas Middle East - July/August 2020

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