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Middle East Crude Oil News

France to boost ADIPEC with 40 companies showcasing solutions for operators

France to boost ADIPEC with 40 companies showcasing solutions for operators

The expertise of French companies like TOTAL have helped the French oil and gas services industry to garner international recognition. ADIPEC is a flagship event for the oil and gas sector and the Middle East region. It has grown to become the world's second leading oil and gas event in…

UBS says giving up oil pact ‘not an option’ for Saudi, Russia – Energy,Saudi Arabia

UBS says giving up oil pact ‘not an option’ for Saudi, Russia – Energy,Saudi Arabia

OPEC and its partners, including Russia, need to extend their oil-production cuts for at least three more months to keep crude prices at current levels, according to UBS Group. “Just out of necessity they will stick together,” Dominic Schnider, head of commodities and Asia-Pacific currencies at UBS’s wealth-management unit in…

Renewable Energy Startup Powering Native American Protest Camp

Renewable Energy Startup Powering Native American Protest Camp

BoxPower, a Princeton-based renewable energy startup, is powering the campsite of a Native American tribe protesting the construction of the Pilgrim oil pipeline.Princeton entrepreneurs Angelo Campus and Aaron Schwartz are powering the off-grid protesters via solar panels, according to a new Forbes report. The company provided one of their one-off…

Petrofac signs major deal with Gazprom’s Middle East arm

Petrofac signs major deal with Gazprom’s Middle East arm

Home / NEWS / Petrofac signs major deal with Gazprom's Middle East arm by Indrajit Sen on Oct 11, 2017 The contract win strengthens Petrofac's footprint in the Iraqi market. Petrofac has secured a three-year master services agreement (MSA) to support Gazprom Neft Middle East B V (Gazprom Neft) with the provision…

Saudi Aramco CEO says no Russian discussions over participation in IPO – Energy,Saudi Arabia

Saudi Aramco CEO says no Russian discussions over participation in IPO – Energy,Saudi Arabia

Saudi Aramco isn’t talking with any Russian companies about possible participation in its initial public offering, the head of the state oil producer said as Saudi Arabia’s king led a delegation on a historic visit to Russia. Aramco plans to sell about 5 percent of its shares by the end…

A Major Change In Lithium Markets Could Happen Soon

A Major Change In Lithium Markets Could Happen Soon

The critical countdown to a major lithium supply shortage is on, and the only thing that’s going to feed this demand is technology that can greatly increase production efficiency, much like fracking did for U.S. oil and gas.Electric cars, gigafactories, massive energy storage solutions and tons of consumer electrics mean…

Add Energy, Trendsetter Engineering unveil RWIS Lite

Add Energy, Trendsetter Engineering unveil RWIS Lite

RWIS Lite will be increasingly useful for relief well operations as it makes field installations a standard subsea procedure. Add Energy and Trendsetter Engineering have teamed up to develop Relief Well Injection Spool (RWIS) Lite, designed to reduce the complexity of relief well operations on a global scale, when coupled…

The Advertising Breakthrough Revolutionizing The Market

The Advertising Breakthrough Revolutionizing The Market

What AdWords and AdSense have done for Alphabet’s (NASDAQ:GOOG) $656-billion market valuation, a little-known company’s in-game prizing platform could do for brands that have been on a shoot-and-miss trend with the world’s 2.6 billion video gamers.Brands and products haven’t effectively harnessed the power of advertising to players - one of…

Trump’s Solar Tariff Confusion Creates An Opportunity

Trump’s Solar Tariff Confusion Creates An Opportunity

The solar sector is reeling from confusion, and stock prices are reeling right along with it. The time it has taken investors and traders to wrap their heads around Trump’s industry tariffs and the pyrrhic victory of two solar companies in a case against cheap Chinese imports has seen stocks…

Hedge Funds See Further Upside For WTI

Hedge Funds See Further Upside For WTI

Robust oil demand growth and reduced global stockpiles have instilled confidence in the oil market lately. Signs that the OPEC cuts have finally started to work—with Brent futures now in backwardation and oversupply steadily diminishing over the summer—have added to the bullish sentiment.Hedge funds reacted to the signs of tighter…

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