ADNOC Plans New Regional Oil Benchmark
The Abu Dhabi National Oil Company (ADNOC) is planning an overhaul for its trading operations through the launch of a regional oil benchmark similar to Brent and WTI.
News / International
Petrofac Launches Training Center in Algeria
Petrofac has inaugurated a construction skills training center in Algeria, following the completion of a program to upgrade the center’s facilities.
Tunisian Parliament Approves Pipeline Agreement
The Tunisian parliament has passed a bill regulating the transfer of Algerian natural gas to Italy through Tunisian lands, as well as a draft law regarding the agreement for the trans-Tunisian natural gas pipeline.
Bahrain’s Bapco to Build Marine Fuel Stations
Bahrain Petroleum Company (Bapco) announced that is building a number of marine fuel stations in the coming period.
Mubadala Signs Farmout Agreement in Indonesia
Abu Dhabi Mubadala Petroleum has signed a farmout agreement with Premier Oil for a 20% participating interest in the Andaman I and South Andaman Gross Split Production Sharing Contracts (PSCs) in Indonesia.
Iraq, Honeywell to Cooperate in Gas Processing
The Iraqi government announced that it will sign a memorandum of understanding (MoU) with US energy company Honeywell for natural gas processing from the Artawi southern oilfield.
Saudi PIF Acquires 40% Stake in Aramco-Jacobs JV
Saudi Arabia’s Public Investment Fund (PIF) has bought a 40% stake in Jasara Program Management Company, a joint venture between Saudi Aramco and Jacobs Engineering Group.
McDermott Wins New FEED Contract in Oman
McDermott International announced it has been awarded a sizeable contract by Total Oman E&P Development in partnership with Oman Oil Company.
Saudi Arabia to Build Solar Panel Factory
The Saudi Industrial Development Fund (SIDF) has signed an agreement with Masdar for the construction of a solar panels factory that will be the largest in the Arab world.
ADNOC Hires Advisors for Pipeline Lease Deal
The Abu Dhabi National Oil Company (ADNOC) has hired Bank of America Merrill Lynch and Mizuho Financial Group to manage the lease of its natural gas pipeline assets.
