Saudi Arabia, Russia Differ in OPEC+ Meeting
Saudi Arabia and Russia are once again on contrary before crucial OPEC+ meeting about the oil market, according to Bloomberg.
News / International
Eni’s Decarbonization Operation Achieves Excellent Results in 2020
Eni company announced that it has achieved excellent results in its business of producing and selling decarbonized products during 2020 driven by a 17% increase in the Earnings Before Interest and taxes (EBIT) of its subsidiary Eni Gas e Luce as well as a 130% increase in bio-refining processing.
Equinor’s Tjeldbergodden Plant Resumes Production
Equinor company announced that its Tjeldbergodden methanol plant resumes production after its halt due to a fire on December 2020.
Shell Oman Starts Aviation Fuel Business in Duqm
Shell Oman Marketing announced that it commenced aviation fuel supply business at Duqm airport as a part of its efforts to expand its operation in the port city of Duqm.
India, Norway Sign Statement of Intent for Establishing Hydrogen Excellence Center
The Indian Oil Corporation has signed a statement of Intent for with the Norwegian Greenstat Hydrogen company for establishing a Center of Excellence on Hydrogen in India.
Nigeria’s NNPC Seeks to Restore Port Harcourt Refinery in Q1
The state owned Nigerian National Petroleum Corporation has completed negotiations to take a lone from the Afreximbank of $1 billion for repairing its Port Harcourt refinery during the Q1 2021.
Fujairah Oil Stocks Records the Lowest in 2021
Fujairah port’s oil stocks has declined to the lowest level in 2021 due to the increase of the oil exports.
Indian PM lays Foundation Stone of Oil, Gas Projects in Tamil Nadu
The Indian Prime Minister, Shri Narendra Modi, has laid the foundation stone for oil and gas projects in Tamil Nadu worth ₹32,700 crore.
Energy Transfer Enters Agreement to Fully Acquire Enable
Energy Transfer LP (Energy Transfer) announced that it has gone into merger agreement with Enable Midstream Partners LP (Enable) to acquire the all the equities of the second at a value of $7.2 billion.
PDO, IEA Sign Cooperation Agreement on Energy Transition
Petroleum Development Oman (PDO) Company announced that it has signed an agreement with the International Energy Agency (IEA) for boosting cooperation in energy transitions and policy dialogues.
