GCC petchem industry can become global powerhouse through partnerships

GCC petrochemical producers should explore new partnership models for collaboration to collectively capitalise on market access,...

BP to buy Eni's 10 pct interest in Egypt’s Shorouk, Al Zohr field for $375 mln

BP has signed to purchase a 10 percent interest in Egypt’s Shorouk offshore concession from Italy’s Eni for $375 million, gaining...

Qatar Shell awards WorleyParsons EPC contract for Pearl GTL facilities

Australian engineering firm WorleyParsons has been awarded a five year EPC management services contract for the Pearl Gas to...

Jacobs awarded 5-yr extension on Saudi Aramco contract

Saudi Aramco awarded a five-year extension to New York’s Jacobs Engineering Group for its general engineering services, the firm...

Sonatrach and Cepsa extend oil field contracts in Algeria

Algeria’s state oil firm Sonatrach and Spain’s CEPSA agreed to extend their two oil field contracts in the North African country,...

Optimism high on OPEC reaching detailed production cut deal

Optimism is at a high that OPEC may reach a detailed agreement next week with member states on a production cut to prop up prices–...

Tethys Oil’s Oman JV agrees to new onshore EPSA boundaries

Swedish firm Tethys Oil’s JV in Oman has agreed with the Ministry of Oil and Gas to change the onshore Block 3 and 4 licence area...

Rowan, Saudi Aramco set up new JV to operate offshore drilling rigs

Rowan Companies and the Saudi Arabian oil giant Saudi Aramco have agreed to set up a joint venture to operate offshore drilling...

Glencore seeks $550 mln in debt for cheap Kurdish oil

Glencore is looking to raise $550 million from investors through a debt issue guaranteed by oil from Iraqi Kurdistan, Reuters...

Norway’s DNO signs Iran deal to study Changuleh oil field development

Norwegian oil and gas operator DNO ASA, signed a deal with National Iranian Oil Company (NIOC) to conduct a study for the...