ExxonMobil, SABIC plan to build world’s largest ethane steam cracker
Reports said that the project will cost approximately $10 billion...
Category : Oil & Gas
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...
Aramco proposes to acquire stake in Novatek’s Arctic LNG 2 project
CEO Leonid Mikhelson said Novatek is planning to sell p to 30 percent stake in its latest Artic project ‘if the terms are favourable’...
Baker Hughes’ Angola oil and gas facility to be hub for southern Africa
The hub’s operations will be run by a majority of skilled Angolan workforce boosting skills development in Africa...
Iran, Turkey to establish joint bank to ‘bypass the US sanctions’
Iran's ambassador to Turkey said that the mutual cooperation between Turkey and Iran was needed to create a 'new financial mechanism'...
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...
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...