Delek’s Chevron acquisition is a ‘key part’ of its global E&P expansion
With the acquisition, Ithaca Energy will become the second largest oil and gas producer in the UK North Sea...
Category : Oil & Gas
BP’s sale of GUPCO stake marks the end of a 50-year partnership
The company will sell its stakes to Dragon Oil for more than $600 million, according to industry sources...
Aramco aims to become the leading LNG player with Sempra deal
Aramco would buy 5 million tons of liquefied natural gas per year from Sempra’s Port Arthur in Texas...
Malaysia’s Barakah slumps 21% as unit defaults loan payments
The group is in the middle of finalising a debt restructuring scheme to manage the group’s debt, Barakah said...
Turkey plans oil and gas exploration off Cyprus despite warning
The tensions worsened when a senior Cypriot official said that Nicosia will issue arrest warrants ‘for all involved’ in drilling operations...
CNPC is the first major foreign investor to explore Myanmar’s fuel market
It will establish ‘several dozen’ petrol stations in Yangon, Mandalay, and capital Naypyidaw...
With $5.9 bn assets, merged Sipchem and Sahara to target US, Asia
The merged petrochemical company will rank second after Saudi Arabia’s Saudi Basic Industries...
Number of nationals in Qatar oil and gas sector triples in two decades
The number of Qataris occupying approved establishment positions in the energy sector also triples...
TAQA to invest $1.2bn in acquisitions as part of 2021 transformation plan
TAQA is in talks to acquire two firms in N America by end 2019 in an effort to boost its oilfield services business...
Nigeria licences 43 new oil refineries, grants tax waivers to refiners
Two of the new Nigerian oil refineries that are of more than 7000 barrels capacity will be inaugurated next week...