Petronas discovers new oil and gas in Miri
It is located in the shallow waters of the Balingian province in offshore Miri, Sarawak...
Tag : oil
Iraq and Total consider oil and gas infrastructure deal of $7 bn
This discussion with Total SE will help build large infrastructure installations, produce gas and develop oil fields in Iraq...
Kuwait sees $39.9 bn budget deficit for new fiscal year
The Kuwaiti economy expects state revenues of KD10.9 billion in the new fiscal year...
Brazil’s great asset lies in the deep-sea
Oil produced from pre-salt assets has captured China’s interest. New finds are about to make remarkable progress...
Brazil’s oil is not fully impacted by contagion effects of economic crisis
By September, Brazil became the third largest supplier of crude oil to China, and is strengthened by the pre-salt Tupi oilfield...
Low dollar demand underpins Kenya’s forex by Sh760 mn
Remittance inflows stood at $260.7 million in September compared to Sh29.7 billion and Sh29.9 billion in the previous two months...
Europe seeks to digitise oil industry for offshore personnel
A report shows a decrease of nearly 4,000 offshore personnel in the UK since the lockdown in March...
What the pandemic means for Saudi banks
SAMA has injected $13.3 billion capital into the banking industry in the wake of economic challenges...
China’s oil demand rebounds to 90% pre-Covid-19 levels
Demand is expected to reach 92% in May...
Oil price increases above Dh110 a barrel after reduced activity
Last month, Opec expected the sector to shrink 6.85 mn bpd...