NOC Announces Revenues of $1.093 B for March
Libya’s National Oil Corporation (NOC) has announced revenues totalling $1.093 billion in March.
News / International
Construction of Goreh-Jask Oil Pipeline Underway
The National Iranian Oil Company (NIOC) has confirmed that all facilities have been implemented to accelerate the finish date of the Goreh-Jask oil pipeline.
ADNOC Increases Efforts to Sell Fuel to China
Abu Dhabi National Oil Company’s (ADNOC) main refinery is pushing for fuel sales in China after the Chinese economy is starting to show signs of recovery from the coronavirus.
Algeria’s Proven Oil Reserves at 10 Billion Barrels
Algeria’s Energy Minister, Mohamed Arkab, has announced that Algeria’s proven oil reserves currently stand at 10 billion barrels.
Saudi Arabia Wealth Fund Looking for Investments Opportunities
In the wake of the economic havoc wreaked by COVID-19, Saudi Arabia’s sovereign wealth fund is scouting for future investments and has identified the energy sector as an option.
KPC to Coordinate with Clients Concerning Oil Cuts
Kuwait Petroleum Corporation (KPC) is set to cooperate with clients in international markets in an effort to cut its supply of Kuwaiti crude oil in accordance with OPEC oil cuts.
Eni Cuts Back on 2020 Targets
Italian company Eni has adjusted the company’s financial outlook for the coming year and has announced capital expenditure (Capex) cuts of 2.3 billion EUR for 2020.
Algeria Unaffected by Fall in Oil Prices
Algerian Minister of Energy, Mohamed Arkab, said that Algeria has the means and resources necessary to overcome the world oil crisis and that the recent fall in oil prices has not impacted Sonatrach’s activity.
Qatar Petroleum Enters LNG Shipyard Deal with China
State owned Qatar Petroleum (QP) announced that it has entered into an agreement with China’s Hudong-Zhonghua Shipbuilding Group Co. to reserve LNG construction capacity.
Baker Hughes’ Revenues Record $5.4 B in Q1 2020
Baker Hughes’s revenues reached $5.4 billion during Q1 2020, recording a 3% year on year (YoY) decrease from Q1 2019.
