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The Saudi Arabian public petroleum and natural gas company, Saudi Aramco has agreed to sell its minority stake of $12.4 billion in a newly formed oil pipeline business to a US based EIG Global Energy Partners. It is Saudi Aramco’s largest deal since its record $29.4 billion initial public offering in late 2019. The deal […]
Saudi Arabia Aramco has discovered four new oil and gas fields in the kingdom it is still working on determining the size and shape of the discovered fields. Prince Abdulaziz bin Salman bin Abdulaziz, the energy minister announced Saudi Aramco made these discoveries in different parts of the country; he was quoted as saying by […]
Australian and Japanese company Transborders Energy has signed a MOUS with research, oil and gas industry to develop Australian offshore CO2 capture and storage hub project. It’s a joint partnership between the leaders in oil and gas sector and researchers to co-develop the project – the deepC Store project. In one of five priority technologies, […]
Petronas (Petroliam Nasional Berhad), the Malaysian oil and gas giant will continue to expand its business in renewable energy mainly in solar and wind energy to intensify its flexibility against all challenges that are faced by the oil and gas (O&G) industry. Datuk Seri Mustapa Mohamed, the Minister in the Prime Minister’s Department (Economic Affairs) […]
Saudi Aramco, the state-owned oil company of the Kingdom of Saudi Arabia announced the expansion of its flagship localization program to boost domestic supply chains and to increase local content. It is a notable milestone in the company’s In-kingdom total value Add (iktva) program, through Industrial Investment Program (IIP) the company includes the expansion for […]
Prime Minister of United Kingdom Boris Johnson to ban the sales of new petrol and diesel cars from 2030, in order to contribute to a greener planet. This decision comes under the part of 10-point plan for a “green industrial revolution.” With an aim to make the country carbon neutral by the year 2050, The […]
Crude oil prices increased rapidly on Monday on hopes of vaccine against COVID-19 and joint actions by OPEC+ allies to keep grip on supply of oil. The global bench mark Brent Crude oil price hopped 9 percent to more than $43 a barrel and the stock market around the world hop in middle of an […]
South Africa is to set about an ambitious economic reform agenda that has similarities with Saudi Arabia’s efforts to stimulate investments. South Africa President Cyril Ramaphosa last month revealed a plan that aims in helping the country recover from corona’s impact. This plan includes fast tracking projects and boost infrastructure spending. Like Saudi Arabia, South […]
The head of Saudi Aramco’s trading arm said, The Organisation of the Petroleum Exporting Countries, OPEC, and its allies will have to take on with “lot of demand issues” before raising production in January 2021. They plan to raise production by 2 million barrels per day (bpd) from January after COVID pandemic hits demand down. […]
Petronas an oil and gas company which is owned by Malaysian Government has started production from the Ghazeer gas field in Block 61, Oman, Through PC Oman Ventures(subsidiary of Malaysian oil and gas giant Petronas) and its partners BP Exploration (Epsilon) Ltd and Makarim Gas Development LLC. It was confirmed by The national oil firm […]
Saudi Aramco will ship blue ammonia to Japan, where it will be used in power stations to produce electricity. Aramco and the Institute of Energy Economics, Japan (IEEJ), in partnership with SABIC, have successfully sent blue ammonia from Saudi Arabia to Japan with support from the Japanese Ministry of Economy, Trade and Industry. Forty tons […]
China’s National Energy Administration has projected the country’s Natural Gas consumption to touch 320 billion cubic metres (bcm) this year. Although it indicates an upward trend by increasing 4.2% (or 13 bcm), the government research report shows it is the slowest growth pace in the last five years. Demand for natural gas grew just 1.5% […]
