Iraqi Genel Contracts Parker’s Drilling for QD-2 Well
Genel Energy has inked an agreement to contract Parker’s Drilling rig for the QD-2 well.
News / International
Petrofac Awards Flare Gas Recovery Contract in Oman
Petrofac has announced that it has secured a contract to support the development of a flared gas recovery project in the Sultanate, citing Oman Observer.
Saudi Aramco Targets IPO Completion This Year
Saudi Aramco plans to complete its initial public offering (IPO) before the end of the year by relying more on local investors after doubts over its valuation caused it to delay a transaction that had been expected this week.
KPC Plans an 8% Share in Global LNG Regasification Capacity by 2023
Kuwait Petroleum Corporation (KPC) plans to have an 8% share in the capacity of the global liquefied natural gas (LNG) regasification industry through its new, planned and announced, projects between 2019-2023.
Sonatrach Retains November Saharan Blend OSP
Algeria’s Sonatrach has kept the official selling price of its Saharan blend crude for November loadings the same as it was a month earlier.
Ras Tanura Refinery Puts in Place Its Largest Equipment
Ras Tanura Refinery Clean Fuels Project has put in place its largest and heaviest naphtha splitter column, weighing 544 tons.
Oman Sells Blend Crude at Premium Above OSP
Omani Ministry of Oil and Gas (MOG) successfully sold a cargo of blend crude via DME auctions, achieving a premium above the Official Selling Price (OSP).
Qatar Petroleum Starts to Supply Low Sulfur Fuel Oil at Ras Laffan
Qatar Petroleum has announced its commencement of the supply of Very Low Sulfur Fuel Oil (VLSFO) at Ras Laffan Industrial City (RLIC) Port.
IMI, GustoMSC Ink Drilling Rigs License Agreement
Saudi Arabia’s International Maritime Industries (IMI) has inked a drilling rigs license agreement with GustoMSC, an NOV company.
Saudi, UAE, Qatar to Lead $1 B Industrial Gas Market
Saudi Arabia topped GCC industrial gas market due to increasing infrastructural activities and rising demand from the regional chemical industry, a research note issued by Persistence Market Research (PMR) on GCC industrial gases market outlook and analysis for 2019-2029 reported. Additionally, Saudi Arabia is expected to grow at a compounded annual growth rate (CAGR) of 6%.
