QatarEnergy announced that it has awarded the ownership of the first batch of liquified natural gas (LNG) as a part of its LNG shipping program. This came after signing a series of time-charter parties (TCP’s) with a ...
Saudi Arabian oil company Aramco announced that it awarded subsurface and Engineering, Procurement and Construction (EPC) contracts valued at $10 billion for developing the vast Jafurah unconventional gas field, the l...
Alexandria Petroleum Maintenance Company (Petromaint)’s Chairman Ahmed Fouad signed an EGP 300 million technical services contract with Alexandria Petroleum Company and a separate EGP 90 million contract with El...
Colombia has signed exploration and production (E&P) contracts with Anadarko company, which is a subsidiary of Occidental Petroleum Corporation for four off-shore blocks at the Caribbean coast with expected invest...
Seeking to expand its operations, Saipem has scored new onshore drilling contracts with countries in the Middle East and in South America worth $70 million, a press release issued by Saipem declared. The company elabo...
Saipem has been awarded extension of two significant onshore drilling contracts in Saudi Arabia for a period of five and ten years, respectively, as well as a new four-year contract in Colombia, according to Saipem’s ...
The Deputy Head of Azerbaijan’s State Oil Company SOCAR, Ibrahim Ahmadov, said that the company has shipped a batch of 90,000 tons of Azerbaijani oil to Belarus in February, Neftegaz.RU reported quoting local media. A...
The National Iranian Oil Company (NIOC) has signed eight oil contracts with local companies to boost and maintain production at the Iranian fields at a cost of $1.2 billion, a press release reported. The contracts inc...
Shanghai International Energy Exchange (INE) approved PetroChina International Middle East as overseas storage facilities for lower Sulphur fuel oil (LSFO) futures, according to a press release. INE elaborated that th...
Chinese refiners will be able to produce up to 18.1 million tonnes of low-sulphur fuel oil (LSFO), Zhang Tong, VP of PetroChina International, told Reuters. He added that the country will be self-sufficient in the shi...