IMI and GustoMSC sign jack-up design license agreement

International Maritime Industries (IMI) has signed a drilling rigs license agreement with GustoMSC, an NOV company.

ADNOC, Adani, BASF, Borealis look to set up $4 bln chemical complex

ADNOC, Adani Group, BASF SE and Borealis signed a preliminary deal for a joint feasibility study to set up a $4 billion chemical...

Gazprom Neft and ADNOC sign cooperation agreement

ADNOC and Russia’s Gazprom Neft have entered into a framework agreement on strategic cooperation for upstream and downstream.

Kuwait Oil Tanker will add 8 new vessels to fleet

Kuwait Oil Tanker Company (KOTC) plans to add new eight LNG, crude and petroleum tankers to its fleet by early 2021 as part of a...

ADNOC awards 5pct Ghasha stake to LUKOIL for $190 mln

ADNOC has awarded LUKOIL’s unit a 5 per cent stake in Gasha concession for an initial investment of AED 697.3 million ($190...

Carlyle completes Cepsa stake acquisition from Mubadala

Mubadala Investment Company and The Carlyle Group have today reached completion of the transaction announced on 8 April 2019...

OPEC Sept output hit by Saudi facilities attacks

OPEC’s September production was dragged down as Saudi Arabia reported its output tumbled by 660,000 bpd after attacks crippled its...

Saudi Aramco signs with Russian companies to boost upstream industry

Saudi Aramco and Saudi pensions fund will acquire a 30.76 per cent stake in Russia’s artificial lift and pumps manufacturer...

Moody’s upgrades APICORP credit rating

APICORP's credit rating has been upgraded by Moody’s Investors Service from ‘Aa3’ to ‘Aa2’ with ‘stable,’ outlook....

Brooge Petroleum plans to boost Fujairah crude storage capacity

Brooge Petroleum and Gas Investment Co (BPGIC) announced plans to increase Fujairah capacity for crude storage to 3.5 million...