Petrobras to become world’s largest oil producer by 2030
Currently, Petrobras is the third largest oil producer in the world with an output of 2.2 mn bpd...
Category : Oil & Gas
Adnoc eyes $45 bn downstream investment in India, China
The oil giant is also looking to develop refining and petrochemical facilities in the UAE...
Aramc to sell 0.5% shares to individual investors
The Saudi government will have a lock-in period of a year on further share sales after the IPO...
Brazil oil auction fails to achieve the $26 billion target
Petrobras acquired 90% of the Buzios oil field, China’s CNOOC and CNODC acquired the other 10%...
UAE overtakes Kuwait as holder of 6th largest oil and gas reserves
The SPC has also approved the move to list Murban crude on a globally-recognised exchange to improve its sales...
Saudi Aramco aims for $ 1.6 tn to $1.8 tn valuation at IPO
Aramco made a net income of $111 billion in 2018, making it the most profitable of any global corporations...
Lukoil, Aramco to jointly explore oil opportunities in Africa
Lukoil plans to strengthen its presence in West Africa...
Dragon Oil buys BP’s Egyptian concessions, to invest $1 bn
Dragon Oil to increase production to above 75,000 bpd for the next 10 years...
Aramco and other oil giants to bid for stake in India’s BPCL
The government of India is looking to offload its 53.29% stake in Bharat Petroleum after privatisation was approved on September 30...
Adnoc and partners to develop $4 bn chemical complex in India
Adnoc, along with Adani Group, German chemical giant BASF and Austria's Borealis will develop the complex in Mundra, Gujarat by 2024...