NIOC Signs 13 Contracts Worth $1.78 B
The Iranian oil industry has signed 13 contracts worth roughly EUR 1.5 billion with 14 local firms to enhance and maintain oil production.
News / International
Production Capacity at South Pars Increased by 200 MCF
Iran’s largest gas field, South Pars, has increased its capacity by 200 million cubic feet (mcf) after the completion of phase 22’s three new wells becoming operational.
Saudi Aramco Plans to Cut Capital Spending Further
Saudi Aramco plans to further cut capital expenditure (Capex) in an attempt to try and pay for the $75 billion dividends that were promised to investors.
Phillips 66 to Create World’s Largest Renewable Fuel Refinery
The American energy manufacturing company, Phillips 66, has announced plans to convert its San Francisco refinery to produce renewable fuels which will make it the largest in the world.
OPEC Lowers 2020 Oil Demand Predictions
The Organization of the Petroleum Exporting Countries (OPEC) has further lowered its forecast on oil demand due to the coronavirus pandemic and there are also doubts about 2021's recovery.
Occidental Petroleum Rescinds Offer to Sell Algerian Assets
American oil company, Occidental Petroleum Corporation, has withdrawn its year-long standing offer to sell Algerian oil and gas fields to raise capital for debt payments.
Waha’s Repair Work Nears Completion
Libya’s Waha oil fields are set to finish repair work to upgrade the production and service facilities after a seven month hiatus from production.
ExxonMobil, Global Clean Energy Invest in Renewable Diesel
ExxonMobil and Global Clean Energy pen a contract agreeing to purchase 2.5 million barrels (mmbbl) of renewable diesel per annum for the coming five years.
Qatar Delivers 6.7 M Tonnes of LNG to UK in 2019
Qatar, the world’s largest exporter of liquified natural gas (LNG), emerged as the single largest LNG exporter to the UK during 2019.
Sempra LNG Terminal Commences Commercial Operations
American energy company, Sempra Energy, has announced that it has commenced commercial operations at its Cameron liquefied natural gas (LNG) terminal in Louisiana.
