Aramco Awards EPCI Contracts to Subsea 7-Led Consortium
Subsea 7 confirmed that it was has been awarded three offshore contracts by Saudi Aramco, under the long term agreement between the two companies.
News / International
Oman Oil Marketing, Emdaad Petroleum Ink MoU
Oman Oil Marketing Company (OOMCO) has signed a memorandum of understanding (MoU) with Emdaad Petroleum Services to bring its AutoPower services and technical knowledge to OOMCO’s Optimo Swift Service Centers.
OPEC+ Committed to Balancing Market: UAE
Oil producers are committed to achieving market balance, according to the UAE Minister of Energy and Industry Suhail Al-Mazrouei.
Saudi Arabia Appoints New Energy Minister
Prince Abdulaziz bin Salman has been appointed as the new Saudi Minister of Energy.
Aramco Expands Downstream Investments in China’s Zhejiang FTZ
Saudi Aramco announced that it has signed a Memorandum of Understanding (MoU) with the Zhejiang Free Trade Zone (FTZ).
ENOC Introduces New Truck Fleet with Modern HSE Standards
Emirates National Oil Company (ENOC Group) has introduced a new fleet of fuel distribution trucks compliant with the latest international health, safety, and environment (HSE) standards.
Iraq, Stroytransgaz Sign E&P Deal
The Iraqi Ministry of Oil announced that it has signed a deal with Stroytransgaz for the exploration, development, and production of bloc 17 in the Western Anbar province.
Nigeria’s Duke Oil to Move to Dubai
Duke Oil, a subsidiary of Nigerian National Petroleum Corporation (NNPC), is reportedly shutting down operations in the UK and leaving London to set up a new office in Dubai.
GIC Joins ADNOC Oil Pipelines Investors List
Abu Dhabi National Oil Company (ADNOC) has reportedly closed a $600-million pipeline infrastructure investment agreement with GIC, Singapore’s sovereign wealth fund.
APICORP Profits Rise 30% in H1
The Arab Petroleum Investments Corporation (APICORP) announced achieving a 10% increase in net profits during H1 2019.
