Kuwait’s PIC, South Korean firm to set up $1.2 bn JV
PIC will hold a 49% stake worth $476.2 mn in the new company whereas South Korea’s SKC will hold 51%...
Tag : oil and gas
Iraq, Kuwait sign agreement for joint technical oil field study
The contract will study options to develop and exploit the oil fields on the border between Iraq and Kuwait...
Oman’s PDO to increase oil output by 10% in 5 years
Petroleum Development Oman is expected to boost output capacity to 670,000 barrels per day...
Mubadala expected to submit bid for Petrobras LPG assets
The Brazilian oil firm expects to raise between $630 mn and $755 mn from the assets sale...
Adnoc Distribution entering India’s lube market to boost sales
The move is part of Adnoc’s plan to globalise itself in the lubricants and base oils market...
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...
Korea Gas to develop 3,200MW gas-fired power plant in Vietnam
Vietnam’s LNG sector sees rising interest from foreign investors with gas consumption growing 10% annually...
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...