BP exits Indonesia’s petrol station business in USD 14.2 million deal
James Tehubijuluw, head of BP Indonesia, said the divestment was part of an ongoing effort to reshape the company’s portfolio to support growth...
Tag : oil and gas
ADNOC offers USD 16.3 billion in manufacturing opportunities to UAE suppliers
ADNOC’s latest initiative builds on its In-Country Value (ICV) program, launched in 2018 to redirect procurement spending into the domestic economy...
US, Russia, Ukraine, Iran to decide how cold winter will be in Europe
Europe, which imports much of the diesel it runs on, enters the heating season with little room for error, amid volatile geopolitics...
Oil & gas: What makes this industry most profitable
According to IMF, the fossil fuel industry also benefits from subsidies of USD 16 billion a day....
The impact of rising energy bills on ordinary Europeans
This comes at a time when Europe and the UK as a whole are suffering from low reserves....
Kuwait oil revenues reach $38.10 bn in 2021
The gulf OPEC member recorded a budget deficit of Dh682.4 mn in the first nine months of the fiscal year...
Saudi Arabia’s growth forecast for 2022 is 4.9%: World Bank
World Bank also mentioned that Saudi Arabia would record 2.3% economic growth in 2023...
Saudi Arabia postpones the unveiling of its Riyadh 2030 strategy
Saudi Arabia is investing $220 bn to transform Riyadh into a global city by 2030...
Brazil auctions two large oil blocks, raises $2 bn
Total, Shell, Petronas and Petrobras among the winning bidders...
Petrobras hands contract to Offshore driller Seadrill for work in the Búzios field
Seadrill will commence work on December 2022 and the contract is for 1,040 days...