Aramco Announces Six Companies Bidding for Berri Oilfield Development
Saudi Aramco has announced that it will choose between six companies to develop the $6 billion Berri Offshore Oilfield Increment Program project.
News / International
Kuwait’s Crude Shipments to Japan Down 5.3% in July
Kuwaiti crude oil exports to Japan fell 5.3% in July year-on-year (YOY) to 216,000 barrels per day (b/d), the third consecutive monthly decrease.
Tunisia Raises Fuel Prices for Fourth Time in 2018
The Tunisian government has increased fuel prices for the fourth time in 2018, raising them by about 4% as the government attempts to reduce the budget deficit and meet the financial demands stipulated by foreign lenders.
Two Libyan Oil Fields Resume Operations, Increasing Production
Libya’s oil production has increased after the Amal and As-Sarah oilfields in the east of the country resumed operations.
Algeria Awards $248M EPC Contract to Maire Tecnimont
Italian Maire Tecnimont has been provisionally awarded an engineering, procurement, and construction (EPC) contract worth $248 million by Algerian national oil company Sonatrach to build a liquefied petroleum gas (LPG) train at the Hassi Messaoud field.
Iran Sanctions: Japan May Halt Crude Imports from October
Japanese oil distributors plan to suspend Iranian crude imports in October before US sanctions become effective on November 4.
Iran Sanctions: Hellenic Petroleum Suspends Purchases of Iranian Crude
Greek company Hellenic Petroleum suspended purchases of Iranian crude oil in June because of the recently reimposed US sanctions, a company official announced on August 30.
Joint Venture Awarded $1B Abu Dhabi Gas Production Contract
Abu Dhabi National Oil Company (ADNOC) Gas Processing has awarded a $1 billion gas production contract to a joint venture between Spain’s Técnicas Reunidas and Target Engineering Construction.
Iran Sanctions: India Will Not Cut Iran Oil Imports to Zero
India will not cut all its crude exports from Iran, a senior Indian government official told Reuters.
Aramco, Lomonosov MSU Sign Collaborative Agreement
Saudi Aramco Upstream Technology Company (SAUTC), subsidiary of Saudi Aramco, has signed an memorandum of understanding (MoU) with Russian Lomonosov Moscow State University (MSU) for joint research focusing primarily on the upstream oil and gas industry
