Iraq Exports 200,000 boe to Jordan
Iraq exported around 204,000 barrels of oil equivalent (boe) to Jordan during September, according to Energy Minister Hala Zawati.
News / International
Subsea 7 Takeover 4Subsea to Expand Digital Capability
Subsea 7 announced in a statement published on October 3, 2019 that it has acquired 4Subsea, a leading provider of technology and services.
Saudi Aramco Grants $75 MM Contract to Arabtec
Saudi Aramco has awarded a $75 million engineering, procurement, and construction (EPC) contract to Target Engineering Construction Company a subsidiary owned by Arabtec Holding, a Dubai-based leading contractor for social and economic infrastructure.
Libya’s NOC Halts Production at Faregh Oil Field for Maintenance
Libya’s National Oil Corporation (NOC) has decided to halt production at the Faregh oil field at Zueitina for scheduled maintenance from October 7 to October 14.
Aramco Restores Oil Output
Saudi Arabia has resumed to its average oil production, which makes Saudi Aramco fully focused on its initial public offering (IPO).
ADNOC Wins “New Silk Road CEO of the Year Award”
The United Arab of Emirates (UAE) Minister of State and CEO of the Abu Dhabi National Oil Company (ADNOC) has won “New Silk Road CEO of the Year Award” for supporting the continuous supply of energy across the continent.
Saudi Arabia, Russia Brings Stability to Oil Market
Saudi Arabia and Russia cooperate to bring “perpetual stability” in the global oil markets, Prince Abdul Aziz bin Salman, the Kingdom’s energy minister.
ADNOC Seeks Bond Issue
Abu Dhabi National Oil Co (ADNOC) is studying the possibility of a bond issue amid low interest rates.
Aramco to Pay $75 B Dividends in 2020
Saudi Aramco announced that it aims to pay a $75 billion dividends in 2020 as it prepares for an initial public offering (IPO).
Iraq Oil Exports Drop to 3.576 MM b/d in September
The country is producing less than its usual capacity of approximately 5 million b/d, as per an OPEC+ agreement to cut production and support prices.
