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Use of drones is the new Megatrend in oil and gas operations
Horizontal drilling and hydraulic fracturing is currently the disruptive technology pervading the global energy industry, these disruptive technological advances in drilling and fracturing have reshaped the oil and gas supply-and-demand balance with worldwide implications. Little concern is given to the technological mega-trends happening within the industry- the use of drones in oil and gas operations. Few…
Party Over as United Arab Emirates removes fuel subsidies
Bloomberg July 22 2015. The free fuel party may be over as the United Arab Emirates, the third-biggest OPEC producer, will link gasoline and diesel prices to global oil markets starting next month, becoming the first country in the oil-rich Persian Gulf to remove transport fuel subsidies. Business chiefs yesterday backed a landmark move to…
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Nigeria’s GDP Slowed 2.4%, Oil is not the Only Drag
Expectations on report on emerging markets showed that Nigeria’s GDP slowed to 2.4% year over year in the second quarter — slower than expected — according to data released this week. Teneo Intelligence, caught by surprise with its pessimistic expectation of 3.5% second-quarter growth in Nigeria, writes that the issue is structural, even if the oil-export-driven economy…