A final investment decision (FID) has been made to proceed with the development of the Rosmari-Marjoram gas project by PETRONAS Carigali Sdn Bhd (20%) and Sarawak Shell Berhad (80%, Operator).
Suez Canal Authority (SCA) Chairman Osama Rabie has announced the successful refloating of the Affinity V oil tanker and its navigation movement returned to normal after it ran aground due to a technical issue with the vessel's rudder.
Schlumberger, a U.S. engineering company, and Aker Solutions (AKSOA.OL), a Norwegian company, intend to combine their underwater oil and gas construction businesses and add Subsea 7, an Oslo-listed competitor, as a partner, the companies announced on Tuesday.
Minister of Petroleum and Mineral Resources Tarek El Molla chaired a meeting to review the latest developments of new refining and petrochemical projects, including the expansion of Alexandria's MIDOR refinery, the production of wooden panels from rice straw by Wood Technology Co. (WOTECH) in Idku in Beheira Governorate, and a petrochemical complex project in the economic zone in Suez.
Robert Habeck, the German economy minister, said on Sunday that extending the lives of the nation's three surviving nuclear power reactors would only reduce gas use by 2%.
Equinor announced a $0.20 ordinary dividend per share and a $0.20 extraordinary dividend per share for the first quarter of 2022. The average USDNOK fixing rate from Norges Bank for the period plus/minus three business days from the record date of August 12, 2022, or a total of seven business days, is the basis for the NOK dividend per share.
Baker Hughes announced an agreement for its acquisition of Quest Integrity, a subsidiary of Team, Inc and a global leader in the development and delivery of technology-enabled asset inspection and reliability management solutions across the pipeline, refining, petrochemical and power generation sectors.
Saudi Aramco has assured at least four North Asian consumers that it will supply all contracted volumes of petroleum in September, Reuters reported referencing unidentified sources who have knowledge of the matter.
A third crude tank caught fire and collapsed at Cuba's main oil terminal in Matanzas, the province's governor said, as an oil spill spread flames from a second tank that caught fire two days earlier in the island's biggest oil industry accident in decades.
