All articles by Ilaria Grasso Macola

Ilaria Grasso Macola

Global oil demand will continue to rise: Aramco CEO

Saudi Aramco CEO Amin Nasser has predicted that the global demand for oil will continue to grow, remaining above 100 million barrels per day, as renewables alone will not be able to satisfy global energy demand.

Awilco partners with IFS to support new rig construction

North Sea drilling contractor Awilco has partnered with enterprise applications company IFS to support its programme to build two sixth-generation, harsh-environment semi-submersible rigs.

Coronavirus could cut down oil prices by $3 per barrel: Goldman Sachs

The outbreak of a new strain of coronavirus in China could have a negative impact on crude oil demand, cutting the price by $3 per barrel, Goldman Sachs told its investors in a note.

PKN Orlen increases crude oil purchase from Saudi Aramco

Polish oil refiner PKN Orlen is to increase its monthly purchase of crude oil from Saudi Aramco from 300,000 tonnes to 400,000.

InEight launches new project planning feature for oil and gas sector

Project management software company InEight has introduced interval planning to InEight Schedule, a new project planning software feature for the oil and gas sector that will combine front-end and field execution planning.

US natural gas prices hit the lowest point since 2016

US natural gas prices have hit the lowest point since 2016, falling to less than $2 per million British thermal units (MMBtu).

Oil prices settle after Libyan crisis shuts down production

Oil prices have settled today after yesterday’s spike, which occurred after two Libyan oilfields began to shut down in response to a military blockade by renegade general Khalifa Haftar.

Cyprus accuses Turkey of illegal drilling operations

The government of Cyprus has called Turkey a “pirate state” after Ankara announced on Friday that the drilling ship Yavuz started to conduct its third drilling operation on the southern coast of Cyprus.

Saudi Aramco share price rallies following de-escalation

Saudi Aramco’s share price has recovered after yesterday hitting an all-time low since its 11 December 2019 market debut. On Thursday share prices rose to SAR35 ($9.33) after having fallen to SAR34 – 12% less since their peak of SAR38 ($10.32) on 16 December 16.