Occidental Petroleum No Longer Extending Qatar Field Contract
Occidental Petroleum Corp announced they are no longer pursuing a contract extension for the Qatari Idd El-Sharghi North Dome (ISND) offshore oil field.
News / International
Qatar Petroleum Agrees 5-Year LPG Supply Deal with China
State-owned Qatar Petroleum has signed a five-year deal with China’s Oriental Energy to supply 600,000 tons of liquefied petroleum gas (LPG) per year.
Mubadala Shelves Cespa IPO Plans
Abu Dhabi's state-owned Mubadala Investment Company has halted plans to list 25% of Spanish oil company Cepsa after investors were not convinced by its valuation.
Waha Capital Buys Minority Stake in Petronash
Abu Dhabi investment company Waha Capital has bought a minority stake in Dubai-based oilfield services and manufacturing company Petronash Holdings worth $88 million.
UAE’s Dragon Oil Looking to Spend $500M in Acquisitions in 2019
The upstream investment arm of Dubai state-owned ENOC, Dragon Oil, plans to invest $500 million in oil and gas assets next year, chief executive Ali Rashid al-Jarwan said.
OPEC’s 2019 Oil Demand Growth Forecast Falls Again
OPEC has cut its 2019 global oil demand growth forecasts for the third straight month, citing trade disputes and volatile emerging markets, particularly in key consuming countries.
ADNOC Sour Gas to Construct Sulfur Pipeline
A subsidiary of the Abu Dhabi National Oil Company, ADNOC Sour Gas announced that the construction of a new sulfur pipeline is on track.
ADNOC Builds Crude Storage Facility in Fujairah Mountains
Abu Dhabi National Oil Company (ADNOC) is constructing a crude oil storage facility under the Fujairah mountains in the UAE.
10 Killed in IS Attack on Iraq Gas Field
At least ten Iraqi security forces have been killed in an attack by Islamic State (IS) militants on a gas field in the western province of Anbar.
Saudi Arabia to Cover Iranian India Supply Losses in November
Saudi Arabia is preparing to export an additional 4 million barrels of crude to India in November.
