Two Oil Tankers Evacuated in Gulf of Oman
An unspecified incident took place in the Gulf of Oman and has reportedly affected two oil tankers.
News / International
Libya’s Largest Oilfield Fire Causes 30,000 b/d Loss
The Libyan National Oil Company (NOC) revealed that Sarir oilfield lost around 30,000 barrels per day (b/d) because of a power generator fire.
BP Raises Saudi Oil Reserve Estimitates by 12%
BP has increased the estimates for crude oil reserves in Saudi Arabia by 12% to roughly 298 billion barrels by 2018-end.
OPEC Edges Closer to Extending Production Cuts
The Organization of the Petroleum Exporting Countries (OPEC) is about to make its decision on extending the output cut agreement, according to the UAE energy minister Suhail Al-Mazroui.
PDO Awards Petrofac $75 M Procurement Contract
Petroleum Development Oman (PDO) has awarded Petrofac the procurement services project for the Mabrouk North East Line Pipe in Oman.
Sipchem Announces Hydrogen Supply Deal with SASREF
Sahara International Petrochemical Company (Sipchem) recently signed a 20-year hydrogen supply agreement with Saudi Aramco Shell Refinery (SASREF).
Iraq Voices Support for Extending OPEC-Led Deal
Iraqi oil minister Thamer Ghadhban expressed his support for the output cut agreement by the Organization of the Petroleum Exporting Countries (OPEC) and its allies.
ENOC Obtains $690 M Loan from Chinese Banks
Emirates National Oil Company (ENOC) has secured a loan of around $690 million from China’s top three banks.
Oil Could Drop to $30 Due to Supply Glut
Russia is growing concerned of a scenario that could see crude oil prices drop to as low as $30 a barrel if the OPEC-led output deal is not extended.
Aramco Reiterates Interest in Arctic LNG 2 Project
Saudi Aramco remains interested in buying a stake in Russia's Novatek Arctic LNG 2 project, according to the Saudi Energy Minister Khalid Al-Falih.
