DP World to foray into oil and gas with Topaz acquisition for $1.3 bn
The company has had recently acquired P&O Ferries and P&O Ferrymasters in Europe and Puertos y Logistica in Chile...
Category : Oil & Gas
Mexico’s Pemex secures $8 bn loan; plans drilling shallow-water fields
Pemex with a debt of $106.5 billiom, reportedly the highest of any oil company, faced a credit rating downgrade...
South Africa develops new oil and gas policy to limit sector uncertainty
The move was initiated after Total SA’s huge deepwater oil discovery off the coast of South Africa...
Lloyds Energy, PNOC sign LNG development MoU in Philippines
Firms will develop LNG facilities and natural gas generation plants in Limay, Bataan, Bauan, Batangas, and Mabini...
Malaysia’s market liberalisation a ‘game-changer’ for gas sector
Malaysia is planning to increase its gas production by 12.5% by 2025 from the current estimate of 8 billion cubic meter per day...
Kenya signs crude processing deal for first ever oil development
Total, Tullow Oil and Africa Oil are the joint venture partners for the development of the oil fields in the South Lokichar...
India finally allocates land for $44 bn refinery with Adnoc, Aramco
Aramco and ADNOC inch closer to building the oil refinery in Raigad district of Maharashtra, India...
ONGC’s auction of 60 fields to private operators will enhance production
These fields contribute only 5 % to ONGC’s total production, while 95 % of its production comes from 60 large fields...
ExxonMobil, SABIC plan to build world’s largest ethane steam cracker
Reports said that the project will cost approximately $10 billion...
Kuwait’s oil and gas projects worth $62 bn under construction
According to ProTenders data, the upcoming oil and gas projects in the country are worth $40.4 billion...