Shell, TotalEnergies in talks for stakes in Adnoc LNG plant
Adnoc is expected to make a final investment decision on the Ruwais LNG export project as soon as next month.
Adnoc is expected to make a final investment decision on the Ruwais LNG export project as soon as next month.
By BloombergOil shrugged off Iran’s unprecedented attack on Israel, with prices easing on speculation that the conflict would remain contained.
When Kuwait’s then-Finance Minister Anas Al-Saleh warned in 2016 that it was time to cut spending and prepare for life after oil, he was ridiculed by a population raised on a seemingly endless flow of petrodollars.
Saudi Aramco appointed a new chief executive officer to run its $500 million venture capital and investments arm after the previous head departed, according to people with knowledge of the situation.
Saudi Aramco reshuffled top management jobs, appointing an acting head for the upstream business, as the world’s biggest oil producer cuts spending to cope with low oil prices.
Iraq plans to sign a memorandum of understanding with Chevron Corp. to explore for oil in the country’s southern province of Dhi Qar, according to a person familiar with the matter.
JGC Corp. has won a letter of award for the Basra refinery upgrading project, in Iraq.
Noble Energy raised the possibility of selling out to Chevron on May 12. The super-major took only until May 28 to indicate it would be keen for such a deal.
No company has been immune from the headwinds facing the global oil industry, even Saudi Aramco.
Turkey has issued a new navigational warning – navtex – on waters also claimed by Greece.
Delek Drilling has raised $2.25 billion through a bond issue to refinance debt taken out for its Leviathan project.
Genel Energy reported an operating loss of $340 million for the first half of the year, but still generated $6.5mn of free cash flow.
Qatargas has chosen Air Products to supply process units to the major LNG expansion programme, which will become operational in 2025.
Adnoc Logistics & Shipping has launched a joint venture with Wanhua Chemical Group focused on the transportation of LPG and products.
The Syrian Ministry of Foreign Affairs and Expatriates has condemned “in the strongest terms” a reported deal between a US oil company and the Syrian Democratic Forces (SDF).
An Aberdeen oil chief convicted of paying £400,000 in bribes to win contacts in war-torn Iraq has been sentenced to three years in prison.
Abu Dhabi National Oil Co.(Adnoc) is exploring the possibility of selling a stake in its real estate portfolio, the latest effort by the state-owned energy producer to raise funds and attract foreign investors.
Gulf Marine Services (GMS) has used its cantilever workover system for the first time, on a live well, reducing the time required for vessel moves.
Abu Dhabi has approved the transfer of rights, from China National Petroleum Corp. (CNPC) to Cnooc Ltd, in the Lower Zakum and Umm Shaif and Nasr offshore concessions.
Cavitas Energy’s mission to develop a downhole device aimed at improving the economic feasibility of heavy and enhanced oil recovery has taken a major leap forward.
The firm behind the Horse Hill oil development near Gatwick Airport has agreed to take a 50% non-operated interest in a licence in Turkey.
Dubai’s GP Global has launched a financial restructuring process in response to the “global economic meltdown”.
Petropars has signed a contract to develop the South Azadegan oil field, with Petroleum Engineering and Development Co. (PEDEC).
A US-sought oil tanker "hijacked" off the coast of the United Arab Emirates after allegedly smuggling Iranian crude oil is back in Iranian waters, a United Nations agency said.
The current collapse in the price of crude oil is the most extreme so far this century. It has already had significant impact on the oil industry, leading to some declarations of force majeure (examples include licenses and contracts in Iraq and the Gulf of Thailand). The question we address here is: what will the impact be on upstream producing countries? And more specifically, how should upstream countries react if companies approach them for fiscal concessions, citing marginal economics?
The United Nations Security Council will discuss the outlook for the Safer tanker, a floating oil storage vessel off Yemen in a state of disrepair.
Saudi Aramco has launched a reorganisation of its downstream business with the aim of maximising value.