Petrobras cuts spending by more than 30% for 2019
Brazilian oil giant Petrobras has announced that it will cut spending by more than 3…
Saudi Arabia might cut flagship crude price to Asia in September
The official selling price for Arab Light crude bound to Asia is expected to fall by 50 cents a barrel
Adnoc, Eni, and OMV close one of world’s largest refinery deals
The new deal covers both existing Adnoc refining business as well as the proposal for a new trading joint venture
South Africa to launch tender for first LNG terminal next year
The liquefied natural gas (LNG) terminal, to be constructed at the Richards Bay port is expected to be functional by 2024
Adnoc and Pertamina sign $2.5 bn oil and gas development deal
As part of the deal signed between UAE and Indonesia, Adnoc will build a LNG storage facility in Indonesia
Kurdistan gas fields likely to be largest in whole of Iraq: Dana Gas
The company’s 35% share of hydrocarbon reserves at Pearl Petroleum is now equal to 1 billion barrels of oil equivalent
After India, Adnoc enters China to explore oil and gas investments
Adnoc and China's Cnooc will assess opportunities for partnerships and co-investments in the LNG sector
McDermott wins two contracts worth $4.5 bn for Aramco’s mega project
The Marjan Increment Development Project is anticipated to increase production from 500,000 to 800,000 barrels per day
HitecVision, Oman’s Petrogas to buy Total’s British oilfields for $635 mn
The portfolio includes Total’s oilfields in Dumbarton, Balloch, Lochranza, Drumtochty, Flyndre and Affleck
NBK Capital to advise Kuwait Petroleum on $2 billion financing
Kuwait Petroleum is planning to invest hundreds of billions of dollars to reach production capacity of 4.75 million barrels per day by 2040
Chevron, Qatar Petroleum sign petrochemical deal worth $8 bn
Chevron will hold a higher stake in the project and be responsible for the facility’s operation