News Desk

Oil to reach pre-Covid demand by 2023: BofA

While the oil industry is moving in the right direction with a number of refinery closures announced since October, more...

News Desk

Aramco, Baker Hughes start work on JV

Aramco and Baker Hughes have announced the formation of Novel, a 50/50 joint venture (JV) to develop and commercialise a broad...

News Desk

Dubai plans to build $1.2bn WTE plant

Japanese trading house Itochu and engineering company Hitachi Zosen have won a contract to build and operate one of the world's...

News Desk

World in Brief

Eni discovers oil in Egyptian desertMILAN: Italian oil major has Eni has announced a new oil discovery, in Meleiha Concession, in the Western Desert of Egypt. The...