Aramco discovers two new oil fields in northern parts of the kingdom
The oil fields have been discovered in Northern region of Abraq Al Toloul and Al Jof...
Tag : oil and gas
Africa Energy to increase stake in Block 11B/12B
The company will increase its stake from 4.9 percent to 10 percent...
Petrobras initiates sale deal for 26 onshore oil fields and refinery
The state-owned company has signed a deal with SPE Rio Ventura for the sale...
Arab oil exporting country’s economies to shrink by 4.75% in 2020
The diversified economies in the region to shrink by 2%...
Adnoc’s $3.5 bn Ruwais upgradation to be completed in 2022
Once completed, the project will allow Adnoc to process up to 420,000 bpd...
Adnoc searches for potential opportunities in India’s lubricant market
The oil giant is planning to increase its footprint in the global market...
Petrofac to reduce its direct and indirect emissions to net zero by 2030
According to its CEO, its Our Net Zero target supports the principles of the Paris Agreement...
Royal Dutch Shell to buy 50% stake in Nayara Energy’s petro project
The deal is expected to cost Shell around $9 bn...
Aramco to go ahead with plans to boost output capacity to 13 mn bpd: CEO
Aramco will go ahead with the plan despite a significant cut in capital expenditure...
China’s crude oil import sees an estimated 3% drop in July
China have imported on average 11.55 mn bpd in July...