Baker Hughes Acquired 5% Stake in ANDOC Drilling for $550 million
Baker Hughes General Electric (BHGE), the world's second-largest services company, has purchased a 5% interest in the Abu Dhabi National Oil Company’s (ANDOC) drilling unit.
News / International
Two Indian Companies Will Purchase Iranian Oil in November: Oil Minister
Two Indian companies have placed purchase orders for Iranian oil in November, oil minister Dharmendra Pradhan said on October 8th , adding to that India does not yet know if it will receive a waiver from the US excluding it from sanctions on Iranian energy trade set to take full effect on November 4th.
Trading Firm Trafigura Sees $100 a Barrel by 2019
Oil prices could reach $90 a barrel by Christmas and rise further to $100 a barrel before the new year, Trafigura’s Co-Head of Oil Trading Ben Luckock told a conference on September 24.
Traders Eye $100 WTI Ahead of Iran Sanctions
The number of oil traders betting on $100-per-barrel WTI by 2019 has surged in the past week.
ENOC Signs Cooperation Agreement with Maltese Company
Emirates National Oil Company (ENOC) group has signed a memorandum of understanding (MoU) with Maltese state-owned Enemed to strengthen cooperation between the two companies.
Kuwait Oil Company Says Gas Leak Under Control
The Kuwait Oil Company reported a slight gas leak in West Kuwait on October 2, which it says is now under control.
Fire at Saudi Petrochemical Plant Kills 1, Injures 11
A fire at a petrochemical plant owned by the Saudi National Petrochemical Industrial Company (NATPET) in the Yanbu province on the Red Sea has killed one worker and injured 11 more.
Syrian Petroleum Company Loses 252M Barrels of Crude in H1 2018
The Syrian Petroleum Company lost around 252 million barrels of oil in the first half of 2018 due to delays, production failures and theft.
Iran to Offer Oil for Export on the Stock Exchange
Iran will offer 1 million barrels of oil destined for export on the stock exchange, possibly by as soon as next week, head of the state-run National Iranian Oil Company (NIOC) said.
Saudi Arabia, Pakistan in Talks Over Oil Refinery Project
Saudi Arabia proposed building a multi-billion dollar oil refinery in the Pakistani port city of Gwadar during high-level diplomatic talks between a Saudi delegation and Pakistani authorities.
