Pandemic impacts 30 African oil and gas projects: Report
Last month, the price of Brent crude dropped to $25 per barrel despite plans to lower the output by 9.7 mn barrels a day...
Tag : oil and gas
Bahrain to develop new oil reserves in the Khalij Al Bahrain basin
Bahrain will invite oil companies to explore the 2,000 sq km oil and deep gas resources...
Petronas to cut costs after Q1 profit slumps by 68%
Petronas will cut capex by 21pc and operating costs by 12pc this year...
Latam oil and gas firms to see profit decline in 2020
Last month, brent crude futures dived 25% marking their lowest record over two decades...
Adnoc Distribution’s app sees 9 mn contactless transactions
Adnoc provides four secure contactless payment options through its smart application, including Mobile Pay and RFID...
Total cancels plans to acquire Occidental’s Ghana assets
Struggling market condition in part has led to cancellation of the deal...
Brooge Petroleum leases six oil tanks in the UAE to Total
The lease will be for a period of six months, with a potential to renew for another six months...
Lamprell shuts two facilities to reduce overheads
Lamprell closed its Jebel Ali facility and the Sharjah facility will be shuttered following the completion of work on Moray East offshore wind farm...
Aramco to review SABIC’s price after 40% drop in its value
Last year, Aramco agreed to buy a 70% stake in Saudi Basic Industries Corp (SABIC)...
Adnoc’s digital command centre generates $1 bn in business value
Panorama is a key part of Adnoc’s ongoing strategic investments in digitisation and AI...