NIOC, Pertamina to Negotiate LPG-Contract Renewal
The National Iranian Oil Company (NIOC) and Indonesia’s Pertamina are set to begin negotiations to renew a liquefied petroleum gas (LPG) contract.
News / International
Saudi Aramco Plans 10% Increase in Capital Spending
Saudi Aramco plans to increase its capital expenditures by close to 10% next year.
Shell to Exit Majnoon in 2018
Royal Dutch Shell will hand over its operations at Iraq’s Majnoon oilfield by the end of June 2018.
Sonatrach Looks to Up Gas Exports by 20 mcm/d
Sonatrach will be able to increase its exports of natural gas by 20 million cubic meters per day (mcm/d) to meet increased winter demand.
Sonatrach to Invest $2B in Hassi Rmel
Sonatrach, Algeria’s state-owned oil and gas company, announced that it plans to invest $2 billion in the Hassi Rmel natural gas field.
Algeria Expects Production to Increase by 6.5% in 2018
Algeria expects oil and gas production to increase by 6.5% in 2018.
New Security Incident at Sharara Oilfield
Libya’s Sharara oilfield suffered a new “security breach” on Sunday.
ADNOC Subsidiary Issues $3B Bond
Abu Dhabi Crude Oil Pipeline (ADCOP) issued a $3 billion bond on Monday
Crude Prices Hit 2-Year High
Crude oil prices climbed to two-year high earlier this week, rising to levels unseen on the markets since 2015, before receding slightly
ADNOC Distribution IPO Still On for 2017
Abu Dhabi National Oil Company (ADNOC) is planning an initial public offering (IPO) in December for its retail operations.
