China National Offshore Oil Corp (CNOOC) and Shell Petrochemicals Company Ltd (CSPC), a joint venture established by CNOOC and Royal Dutch Shell, signed a strategic cooperation framework agreement with Shell worth $5.6 billion for the phase III ethylene project.
The Kingdom of Saudi Arabia’s oil exports in March rose by 113,000 barrels per day (bbl/d) to 7.391 million barrels per day (mmbbl/d) from 7.278 mmbbl/d in February.
Venezuela’s state-run oil company Petroleos de Venezuela (PDVSA) has created a new unit to run its oil terminals.
Bahrain’s BAPCO refinery expansion has reached the halfway point to completion and is on track to be finished by Q3 of 2022.
Brazil’s state-run oil company, Petrobras, has embarked on long-term testing in the Forno area within the Campos Basin field.
Morocco’s Samir refinery has accepted a state offer to rent its storage platforms to secure the country’s oil needs.
Iran’s South Pars Gas Complex has saved over $55 million due to reduction of time taken to carry out annual overhaul operations
Shell Gas B.V., a subsidiary of Royal Dutch Shell plc, has announced that all conditions for its final investment decision (FID) have been met on a new LNG processing unit at Nigeria LNG.
Nakilat has initiated the second phase of its fleet management transition from Shell International Trading and Shipping Company Limited (Shell), with Q-Max LNG carrier Al Mayeda being the first vessel transitioned as part of several vessels phased management transition agreement.
PetroChina’s drilling of exploration well Penglai-1 has produced 1,219,800 cubic meters (mcm) of natural gas during production testing.
