China to increase oil and gas production in 2020
China is aiming to raise its crude oil production by 1% to 3.85 mn bpd...
Tag : oil and gas
Middle East energy investments to see sharp decline to $792 bn
Thee sector will see a $173 mn decline during the period between 2020 and 2024...
Aramco acquires 70% stake in SABIC for $69.1 bn
The payments will be funded in part by four bonds issued by Aramco to the PIF...
Global investment in oil and gas to see 29% decline from last year
On an estimate, energy companies will spend $383 billion this year on oil and gas drilling and pumping...
Petroleum dealers in Africa hoard fuel products
The Energy and Petroleum Regulatory Authority has issued a warning with financial penalties, jail terms and permanent revocation of licences...
Siemens to supply equipment for Petronas’ Gas Field Development Project
The project is developed in the South China Sea, offshore Sarawak in Malaysia...
China’s oil demand rebounds to 90% pre-Covid-19 levels
Demand is expected to reach 92% in May...
GCC nations to face the worst economic crisis in history, warns IIF
GDP of GCC nations to contract 4.4% this year...
NH Investment & Securities seeks to acquire stake in Adnoc
If the deals come through, it could be one of the largest infrastructure investments made by a Korean securities firm...