Petrofac Wins Iraq Contracts Worth $110M
Petrofac has secured a new contract and multiple contract extensions worth a combined $110 million.
News / International
Qatar Petroleum Invest $20B in US Oil and Gas
Qatar Petroleum will invest $20 billion over five years in US oil and gas fields.
Shell Exits Iraq’s Manjoon Oilfield
Shell has handed over its operations at the Manjoon oilfield in southern Iraq to the state-run Basra Oil Company.
Saudi Arabia Plans to Pump 11 mb/d in July
Saudi Arabia plans to pump 11 million barrels per day (mb/d) in July, a record high for the country, up from 10.8 million b/d in June.
Oil Rises on Iran Supply Concerns
Oil prices rose on June 27 after US officials ramped up pressure on its allies to end imports of Iranian crude by November.
Oil Production Halts in Saudi-Kuwait Neutral Zone: Kuwait Oil Ministry
Oil Production in the Saudi-Kuwait neutral zone has stopped until an agreement is reached between the two sides, Kuwaiti oil minister Bakeet al-Rashidi stated on June 26.
KBR wins Oman LNG contract
American engineering company KBR has been awarded a project management and consultancy contract by Oman LNG to build a 120 MW gas engine power plant.
Saudi Aramco, ADNOC Sign $44B Refinery Deal
Abu Dhabi National Oil Company (ADNOC) has signed to buy part of Saudi Aramco's stake in the $44 billion Ratnagiri refinery in Maharashtra, India.
Libya to Give Extra $500 Subsidies to Households
The Libyan Government of National Accord will provide each household with an extra $500 in subsidies cards starting from July 2018.
Saudi Aramco has 2M b/d in Spare Capacity: CEO
Saudi Aramco has 2 million barrels per day (b/d) in spare capacity, double the expected OPEC-sanctioned increase in production.
