China to increase oil and gas production in 2020Pritam BordoloiJune 23, 2020 by Pritam BordoloiJune 23, 2020 China is aiming to raise its crude oil production by 1% to 3.85 mn bpd... Read more
Middle East energy investments to see sharp decline to $792 bnInternational Finance Business DeskJune 16, 2020June 16, 2020 by International Finance Business DeskJune 16, 2020June 16, 2020 Thee sector will see a $173 mn decline during the period between 2020 and 2024... Read more
Aramco acquires 70% stake in SABIC for $69.1 bnPritam BordoloiJune 15, 2020 by Pritam BordoloiJune 15, 2020 The payments will be funded in part by four bonds issued by Aramco to the PIF... Read more
Global investment in oil and gas to see 29% decline from last yearInternational Finance Business DeskJune 12, 2020 by International Finance Business DeskJune 12, 2020 On an estimate, energy companies will spend $383 billion this year on oil and gas drilling and pumping... Read more
Petroleum dealers in Africa hoard fuel productsInternational Finance Business DeskJune 10, 2020June 11, 2020 by International Finance Business DeskJune 10, 2020June 11, 2020 The Energy and Petroleum Regulatory Authority has issued a warning with financial penalties, jail terms and permanent revocation of licences... Read more
China’s oil demand rebounds to 90% pre-Covid-19 levelsPritam BordoloiJune 4, 2020 by Pritam BordoloiJune 4, 2020 Demand is expected to reach 92% in May... Read more
NH Investment & Securities seeks to acquire stake in AdnocInternational Finance Business DeskMay 29, 2020 by International Finance Business DeskMay 29, 2020 If the deals come through, it could be one of the largest infrastructure investments made by a Korean securities firm... Read more
Pandemic impacts 30 African oil and gas projects: ReportInternational Finance Business DeskMay 27, 2020May 27, 2020 by International Finance Business DeskMay 27, 2020May 27, 2020 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... Read more
Bahrain to develop new oil reserves in the Khalij Al Bahrain basinPritam BordoloiMay 25, 2020 by Pritam BordoloiMay 25, 2020 Bahrain will invite oil companies to explore the 2,000 sq km oil and deep gas resources... Read more
Petronas to cut costs after Q1 profit slumps by 68%Pritam BordoloiMay 25, 2020 by Pritam BordoloiMay 25, 2020 Petronas will cut capex by 21pc and operating costs by 12pc this year... Read more