OPEC needs deeper output cuts to hold brent above US$60 per bbl, says GIQ Survey

18853941496 ee43ae263b zOPEC will need to make deeper supply cuts to keep oil prices above US$60 per bbl, according to 69 per cent of those surveyed in the Gulf Intelligence (GIQ) monthly Energy Market Survey in August

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Nigeria to drive global refinery CDU industry, says GlobalData

16696045870 cbd96236f5 zNigeria is expected to drive the growth of new-built crude distillation (CDU) capacity in the global refinery industry from planned and announced (new-built) projects over the 2019-2023 outlook period

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High stakes for subsea markets if oil price slides, says Rystad Energy

48385695327 5d65886521 zThe subsea market in 2019 will experience y-o-y growth for the first time since 2014, but the positive outlook is vulnerable to any significant decline in oil prices over the next few years, according to energy research and consulting firm Rystad Energy

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McKinsey forecasts near-term upside but a challenging long-term outlook for refining

Tim Fitzgibbon 1McKinsey Energy Insights states that new refinery capacity led by greenfield projects in Asia and the Middle East is expected to have a negative impact on global hub refining utilisation as early as 2022

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Airborne Oil & Gas wins TCP contract with Addax in West Africa

Airborne Addax pictureAirborne Oil & Gas has signed a contract with Addax Petroleum, a subsidiary of the Sinopec Group, to provide the company with two gas lift jumpers in West Africa

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