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Petrofac Shut Out Of Key Abu Dhabi Market
...eas in January by a former Petrofac employee [former sales chief David Lufkin] under the Bribery Act 2010 in relation to historic contract awards in the UAE in 2013 and 2014.” The SFO says that the specific contracts were for the 2013 engineering, procurement and construction (EPC) contract for th...
Volume: 64Issue: 11Published at Fri, 19 Mar 2021 -
IEA Shoots Down Speculation Of Emerging Super-Cycle As Oil Price Rally Stalls
...0,000 b/d for the quartet, but that is nothing in comparison to the 2.7mn b/d drop-off since 2014. As such, while the Call on Opec may remain below 2017 levels for the next five years, Opec’s strongest members can look forward to their market share hitting new heights. IEA SUPPLY & DEMAND FO...
Volume: 64Issue: 11Published at Fri, 19 Mar 2021 -
China’s Imports of Iranian Oil Jump: Will Biden Act?
...uld be the highest monthly figure since April 2019 according to Kpler. For what it’s worth the highest ever crude figure in the official Chinese import stats was 798,000 b/d set back in April 2014; April 2019 was just below this at 787,000 b/d. But whilst the official figures – which presumably re...
Volume: 64Issue: 11Published at Fri, 19 Mar 2021