Shell, ExxonMobil to Return to Somalia
Royal Dutch Shell and ExxonMobil are considering a return to Somalia after 28 years of suspending exploration and development.
News / International
DP World Acquires Topaz Energy for $1.08 B
DP World announced that it has acquired Topaz Energy and Marine in a deal worth $1.08 billion.
SABIC Extends Ar-Razi Partnership Deal for 20 Years
SABIC has renewed its partnership agreement with JSMC for another 20 years in a $1.35 billion deal.
Saudi Arabia, Russia Agree on Extending OPEC+ Deal
Saudi Arabia and Russia have agreed to extend the OPEC-led crude oil production cuts by another six to nine months.
Saudi’s Advanced Petrochemicals to Receive New Plant’s Feedstock
Saudi’s Advanced Global Investment Company (AGIC), an affiliate to Advanced Petrochemicals Company, has received the needed approvals from the Saudi Ministry of Energy, Industry, and Mineral Resources to get the required feedstock of establishing a new plant.
NPCC Inaugurates ADNOC’s Offshore Platform
National Petroleum Construction Company has completed constructing the Umm Lulu Gas Treatment Plant (ULGTP), one of the largest offshore oil platforms in the world, for the Abu Dhabi National Oil Company (ADNOC).
Russian Oil Output Rises to 11.15 M b/d
Russia’s oil output has increased during June, reaching an average of 11.15 million barrels per day (b/d).
Enel, Sonatrach to Extend Gas Supply Deal
Italy’s Enel has reached an agreement with Algeria’s Sonatrach to extend the natural gas supply contract.
Saudi Aramco Signs 12 Deals with South Korea
The agreements were signed with a diverse set of companies that work on ship building, engine manufacturing, refining, petrochemicals, and crude supply, sales, and storage.
Saudi Aramco Signs $6 B MoU for Petchem Projects
Saudi Aramco signed a memorandum of understanding (MoU) with S-Oil, one of South Korea’s top refiners by capacity, for technical advice petrochemical plant worth $6 billion.
