EPRA revokes Swift Energy Distributors licence for disregarding laws
The licence was revoked for storage and filling of LPG cylinders...
Category : Oil & Gas
Shell to write off assets worth up to $22 bn due to Covid-19
Shell expects a 40% drop in sales in the second quarter...
China to increase oil and gas production in 2020
China is aiming to raise its crude oil production by 1% to 3.85 mn bpd...
Middle East energy investments to see sharp decline to $792 bn
Thee sector will see a $173 mn decline during the period between 2020 and 2024...
Aramco acquires 70% stake in SABIC for $69.1 bn
The payments will be funded in part by four bonds issued by Aramco to the PIF...
Global investment in oil and gas to see 29% decline from last year
On an estimate, energy companies will spend $383 billion this year on oil and gas drilling and pumping...
Petroleum dealers in Africa hoard fuel products
The Energy and Petroleum Regulatory Authority has issued a warning with financial penalties, jail terms and permanent revocation of licences...
China’s oil demand rebounds to 90% pre-Covid-19 levels
Demand is expected to reach 92% in May...
NH Investment & Securities seeks to acquire stake in Adnoc
If the deals come through, it could be one of the largest infrastructure investments made by a Korean securities firm...
Pandemic impacts 30 African oil and gas projects: Report
Last month, the price of Brent crude dropped to $25 per barrel despite plans to lower the output by 9.7 mn barrels a day...