Oil prices soar to a three year high as OPEC+ abandons meeting without a deal
Several days of negotiations could not resolve a dispute between Saudi Arabia and the UAE...
Tag : oil and gas
UAE to become the first major oil exporter to target net-zero by 2050
The UAE announced its plan before its meeting at the Glasgow climate summit and it could achieve its target while continuing to sell oil and gas...
China discovers new oil and gas in Xinjiang Uygur autonomous region
Located in the Fuman Oilfield area, the well contains 1 bn ton of oil and gas...
ADNOC awards $510 mn contract to Saipem to expand Shah sour gas capacity
The contract will increase the plant’s capacity by 13% to 1.45 bn cubic feet per day by 2023...
Saudi Arabia’s GDP declines 3% in the first quarter
This is attributed to a steep decline of 11.7 percent in crude oil production during the same period...
Petrobras to sell its 27.88% stake in the Deten Quimica petrochemical complex
The petrochemical complex is located in the northeastern state of Bahia...
Spending on new oil and gas projects needs to end: IEA
IEA says there is a narrow path that exists for the world to avoid catastrophic climate change in the future...
Petrobras to hire new FPSO for the Buzios field, starts bidding process
The P-80 will be the largest oil production unit operating in Brazil...
Brazil’s oil production falls 6% in Q1: Report
Brazil produced an average of about 2.8 mn bpd during the period...
Iraq to finalise sale of Exxon’s stake in the West Qurna-1 oil field by June
Exxon to sell its 32.7% stake in the oilfield...