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Borouge signs deal for ethylene expansion project Construction began at the Borouge 3 ethylene expansion project.

Borouge signs deal for ethylene expansion project

Wison Engineering, a Chinese chemical engineering, procurement and construction (EPC) firm, has been awarded the contract

 •   Borouge unveils 2021 Sustainability Goals
 •   Borouge reaffirms commitment to Chinese market
 •   Borouge honours employees in field of innovation


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Qatar Petroleum to sell Al Shaheen Holding stake

Qatar Petroleum to sell Al Shaheen Holding stake

Qatar Navigation (Milaha) in a bourse filing last week, has said that it has reached a preliminary agreement to buy Qatar Petroleum's stake in oilfield services firm Al Shaheen Holding
 
China, Iran to set up oil terminal in the Gulf

China, Iran to set up oil terminal in the Gulf

The oil terminal will be built on Qeshm Island in the southern part of the Gulf and will turn the island into a major centre for oil production and storage
 
S&P affirms Bahrain's BB/B ratings; outlook stable

S&P affirms Bahrain's BB/B ratings; outlook stable

The global credit ratings agency has affirmed its 'BB/B' long- and short-term foreign and local currency sovereign credit ratings on the Kingdom
 
Shell resumes Iranian oil purchases

Shell resumes Iranian oil purchases

Shell fixed Suezmax tanker Delta Hellas to bring 130,000 tonnes of Iranian crude from Kharg Island on July 8 to continental Europe
 

 

World oil reserves stable despite low spending: BP

World oil reserves stable despite low spending: BP

Investment in oil and gas fell in 2015 by around a quarter from a year earlier to $160bn
 
Aramco keen to invest in global upstream after IPO

Aramco keen to invest in global upstream after IPO

International gas was of particular interest, Khalid Al-Falih, Saudi Arabia's Energy Minister and Aramco's chairman has said
 
ENOC saves $4.6m in 2015 through energy efficiency

ENOC saves $4.6m in 2015 through energy efficiency

ENOC achieved this 155% increase on the savings of $1.8mn in 2014 through significant progress it made in applying energy and resource management (ERM) strategies
 
Saudi revises renewable energy goal to favour gas

Saudi revises renewable energy goal to favour gas

The Kingdom aims to have power generation from renewable resources like the sun make up 10% of the energy mix, a reduction from an earlier target of 50%
 
ODE scoops prestigious health and safety award

ODE scoops prestigious health and safety award

Company won its seventh consecutive gold medal at the prestigious Royal Society for the Prevention of Accidents (RoSPA) Occupational Health and Safety Awards
 
Hundreds of companies to participate in Valve Expo

Hundreds of companies to participate in Valve Expo

10th biennial Valve World Conference & Exhibition to take place in Dusseldorf, Germany from November 29 to December 1
 
Aramco makes all-time-high output record in 2015

Aramco makes all-time-high output record in 2015

Saudi Aramco produced 10.2mn barrels a day of crude in 2015, up from 9.5mn in 2014
 
Iran resumes natural gas exports to Iraq Kurdistan

Iran resumes natural gas exports to Iraq Kurdistan

Report says Iran has despatched 290,000 litres of natural gas to Iraq
 
Aramco may appoint JPMorgan, HSBC for bond sale

Aramco may appoint JPMorgan, HSBC for bond sale

The global banks, along with Riyad Bank, will help the Saudi oil company set up a Saudi riyal-denominated sukuk programme, according to Bloomberg
 
ADNOC unveils new logo as part of corporate revamp

ADNOC unveils new logo as part of corporate revamp

The Abu Dhabi state-owned oil giant has revealed its new logo, in the latest stage of the organisation's corporate revamp
 
Moody's lowers credit ratings for GCC states

Moody's lowers credit ratings for GCC states

Moody's said Saudi Arabia, the world's biggest oil exporter, had been hit hard by the deep and prolonged decline in oil prices
 




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