Saudi Arabia registers 20% drop in crude oil export in H1 2021
The output at oil refineries stood at 2.43 mn bpd during the first six months...
Category : Oil & Gas
Fujairah Oil Terminal secures $280 mn from Prostar Capital
The latest funds will replace the existing senior debt along with creating a connection terminal to the Very Large Crude Carrier (VLCC)...
Petrobras extends deadline for sales contract for its refineries
This is the second time Petrobras extended the deadline due to Covid-19 related complications...
Turkey’s Petkim wins ‘Best Working Capital Management Award’
“Awards received during the pandemic mean even more,” says Elchin Ibadov, Head of Finance, SOCAR Turkey Refinery and Petrochemicals...
Exxon makes new discovery at Whiptail in the Stabroek Block offshore Guyana
The Whiptail discovery is located approximately 4 miles southeast of the Uaru-1 discovery...
Petrobras launches tender for EPCI services for its Búzios 8 project
Commercial proposals must be submitted by October 14 and the contract is for a period of five years...
Oil prices decrease as Chinese crude import sends warning signals
Experts warn if OPEC does not agree to raise supplies, high oil prices will lead to demand destruction...
Oil prices soar to a three year high as OPEC+ abandons meeting without a deal
Several days of negotiations could not resolve a dispute between Saudi Arabia and the UAE...
UAE to become the first major oil exporter to target net-zero by 2050
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...
China discovers new oil and gas in Xinjiang Uygur autonomous region
Located in the Fuman Oilfield area, the well contains 1 bn ton of oil and gas...