FeaturedOil & GasFujairah Oil Terminal secures $280 mn from Prostar CapitalWebAdminAugust 18, 2021August 18, 2021 by WebAdminAugust 18, 2021August 18, 2021 The latest funds will replace the existing senior debt along with creating a connection terminal to the Very Large Crude Carrier (VLCC)... Read more
FeaturedOil & GasPetrobras extends deadline for sales contract for its refineriesWebAdminAugust 10, 2021 by WebAdminAugust 10, 2021 This is the second time Petrobras extended the deadline due to Covid-19 related complications... Read more
FeaturedOil & GasTurkey’s Petkim wins ‘Best Working Capital Management Award’WebAdminAugust 2, 2021August 2, 2021 by WebAdminAugust 2, 2021August 2, 2021 “Awards received during the pandemic mean even more,” says Elchin Ibadov, Head of Finance, SOCAR Turkey Refinery and Petrochemicals... Read more
FeaturedOil & GasExxon makes new discovery at Whiptail in the Stabroek Block offshore GuyanaWebAdminJuly 29, 2021 by WebAdminJuly 29, 2021 The Whiptail discovery is located approximately 4 miles southeast of the Uaru-1 discovery... Read more
FeaturedOil & GasPetrobras launches tender for EPCI services for its Búzios 8 projectWebAdminJuly 22, 2021July 22, 2021 by WebAdminJuly 22, 2021July 22, 2021 Commercial proposals must be submitted by October 14 and the contract is for a period of five years... Read more
FeaturedOil & GasOil prices decrease as Chinese crude import sends warning signalsWebAdminJuly 15, 2021 by WebAdminJuly 15, 2021 Experts warn if OPEC does not agree to raise supplies, high oil prices will lead to demand destruction... Read more
FeaturedOil & GasOil prices soar to a three year high as OPEC+ abandons meeting without a dealWebAdminJuly 6, 2021July 6, 2021 by WebAdminJuly 6, 2021July 6, 2021 Several days of negotiations could not resolve a dispute between Saudi Arabia and the UAE... Read more
FeaturedOil & GasUAE to become the first major oil exporter to target net-zero by 2050WebAdminJune 28, 2021 by WebAdminJune 28, 2021 The UAE announced its plan before its meeting at the Glasgow climate summit and it could achieve its target while continuing to sell oil and gas... Read more
FeaturedOil & GasChina discovers new oil and gas in Xinjiang Uygur autonomous regionWebAdminJune 21, 2021 by WebAdminJune 21, 2021 Located in the Fuman Oilfield area, the well contains 1 bn ton of oil and gas... Read more
FeaturedOil & GasADNOC awards $510 mn contract to Saipem to expand Shah sour gas capacityWebAdminJune 16, 2021 by WebAdminJune 16, 2021 The contract will increase the plant’s capacity by 13% to 1.45 bn cubic feet per day by 2023... Read more
