Brooge Energy Limited, a midstream oil storage and Service provider in the United Arab Emirates (UAE), has announced its intention to invest up to $325 million in the Nordic bond market.
Halliburton Company, one of the largest providers of products and services to the energy industry, has announced it will pay $0.045 a share on the Company’s common stock.
China’s State Power Investment Corporation (SPIC) will acquire a 33% stake in two Brazilian plants in the largest power project fueled by super-chilled liquefied natural gas (LNG) from Gas Natural Acu (GNA).
Saudi Aramco has announced its intention to boost crude output by an estimated 1 million barrels of oil per day (mmbbl/d) to a total of 13 mmbbl/d, despite the company’s recent cuts in capital expenditure (Capex).
The CEO of Nirouchlor Company, Vahid Namnik, said that the comoany’s exports to Europe reached to 5,000 tons despite the restrictions imposed due to coronavirus.
The Chairman of Board of Directors of National Oil Corporation (NOC), Mustafa Sanallah, has discussed with the Malta’s Ambassador in Libya, Charles Saliba, the ways of cooperation in the filed of oil and gas in addition to building communication channels of mutual interest.
The Director of Hamriyah Free Zone, Saud Salim Al Mazrouei, inked an agreement with Orient Source Hong Kong Group, International Commodity Trader and Project Investor to inaugurate the multi-functional offshore and repair facility at the Port of Hamriyah in Sharjah in UAE along with a Trading Platform with Hamriyah Free Zone.
The major Saudi oil company, Aramco reported that its profit declined by 73% to 24.6 billion riyals in the second quarter of 2020 compared to 92.6 billion during the same period of the previous year , because of the drop of energy demand and prices given from coronavirus outbreak.
The Iranian Minister of Petroleum, Bijan Zangeneh, announced that his country had planned to launch 27 petrochemical projects worth $17 billion by March 21, 2021 expecting petrochemical revenues will compass $25 billion in 2021 and $37 billion in 2024 as well.
According to data issued by the Energy Secretariat (SENER), diesel and gasoline demand in Mexico continue to recover by the start of business and industrial operations to back gradually despite the increase of number of coronavirus cases.
