QatarEnergy and Chevron Phillips Chemical Company LLC (CPChem) has announced the securing of $4.4 billion in financing for the Ras Laffan Petrochemicals project, a world scale integrated polymers complex in Ras Laffan Industrial City, Qatar.
Iran’s Oil Minister Javad Owji has revealed the discovery of a dry gas field in Lamerd, the largest of its kind ever found in Iran.
ExxonMobil Corporation and Pioneer Natural Resources have jointly announced a definitive agreement for ExxonMobil to acquire Pioneer. The merger is an all-stock transaction valued at $59.5 billion, or $253 per share, based on ExxonMobil’s closing price on October 5, 2023.
US Kosmos Energy, a full-cycle independent oil and gas exploration and production company, has announced the discovery of oil in the U.S. Gulf of Mexico at the Tiberius exploration well.
Aramco, a global leader in the energy and chemical industry, has announced the signing of a memorandum of understanding (MoU) with Shandong Yulong Petrochemical Co. Ltd., Nanshan Group Co. Ltd., and Shandong Energy Group Co. Ltd.
Brazil's Petrobras has announced that its refining units reached 97% utilization in September. As a result, the Total Utilization Factor (FUT) of the refineries in third quarter of 2023 (3Q23) reached 95.8%, the best result since 2014.
SLB, Amazon Web Services (AWS), and Shell Global Solutions Nederland BV (Shell) have entered into a multi-year three-way collaboration agreement to deliver digital end-to-end workflows for Shell, utilizing SLB subsurface solutions on AWS cloud infrastructure.
ADES Holding, a Saudi oil and gas drilling and production services company in MENA, experienced a 30% surge above its listing price on its market debut in Riyadh on Wednesday after the company raised $1.22 billion in an initial public offering (IPO) last month.
Italy's Eni SpA hopes to reach a final investment decision (FID) on its second floating liquefied natural gas (LNG) project in Mozambique by the end of June next year., according to Reuters.
Kuwait's oil minister, Saad Al-Barrak announced a new strategy to boost oil and gas production on Monday and said his country would prepare the infrastructure for the Durra gas field, which it shares with Saudi Arabia and Iran claims a stake in.
