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...
Category : Oil & Gas
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...
Bahrain to develop new oil reserves in the Khalij Al Bahrain basin
Bahrain will invite oil companies to explore the 2,000 sq km oil and deep gas resources...
Petronas to cut costs after Q1 profit slumps by 68%
Petronas will cut capex by 21pc and operating costs by 12pc this year...
Latam oil and gas firms to see profit decline in 2020
Last month, brent crude futures dived 25% marking their lowest record over two decades...