Saudi IMI signs rig deals with ARO and Lamprell

Saudi Arabia’s International Maritime Industries signed two rig purchase deals with ARO Drilling and a sub-contract deal with...

OPEC sees lower 2020 demand for its oil despite upbeat global view

OPEC forecast lower demand for its crude in 2020, even as global demand is seen climbing upwards after a U.S.-China trade deal...

Genel lifts 2019 production, sees progress on new Iraqi project

Genel Energy, the Iraq-Kurdistan focused energy producer, saw a rise in 2019 production, although payment delays from Kurdistan...

Masdar and Infinity Energy to set up Egypt JV for solar and wind

Masdar and Egypt’s Infinity Energy will set up a joint venture company, Infinity Power, for solar energy and wind power projects...

Sound gets Morocco’s Tendrara gas pipeline approval

Sound Energy said it received approval from Morocco’s authorities to build and operate the 120 km long Tendrara Gas Export...

Borouge sets up marketing company in Egypt

Petrochemical company Borouge said that it has set up a new marketing company in Cairo, Egypt to support its MENA growth...

ADNOC, Pertamina to explore building refining complex

ADNOC and Pertamina signed an MoU to potentially develop a crude to petrochemicals complex in Balongan, Indonesia...

Saudi Aramco IPO tops $29 bln after over-allotment of shares

Saudi Aramco has allocated 450 million additional shares as part of its ‘over-allotment option’ that boosts its total initial...

Kuwait sees Neutral Zone output to reach 0.25 mln bpd by yr-end

Kuwait expects production from the Neutral Zone, shared with Saudi Arabia, to reach 250,000 barrels per day (bpd) before the year...

Samsung, Téchnicas win $3.7 bln Algeria refinery project

South Korea’s Samsung Engineering and Spain’s Técnicas Reunidas joint venture won a US$3.7 billion contract for a refinery project...