Picture for illustrative purpose only.
Vessel will be delivered by Ocean Yield ASA to Sabic's Houston base in December
While Aramco is the world's largest oil firm, the United Arab Emirates, Kuwait and Qatar also hold major oil assets that are managed by state companies
Algeria's total oil output was previously estimated at 1.1mn bpd, but it has cut production by 50,000 barrels to adhere to an agreement by OPEC members to trim output.
Kuwait's current oil production capacity is around 3.15mn bpd, and it has long said it plans to raise this to 4mn bpd by 2020 and maintain this level to 2030
About $294bn worth of oil, gas and petrochemicals projects are in the pre-execution phase across the MENA region even as concerns about global oversupply continue to suppress oil prices, according to MEED
Sandvik has secured a number of strategic projects offshore Egypt to provide a comprehensive scope of Sandvik oil and gas solutions for the ongoing giant gas field developments in the region.
"There are two options being studied now. Either to make Aramco a pure oil and gas company, or a conglomerate and expand its role in petrochemicals and other sectors," said Reuters' sources.
NTX Technology is a patented compound of FDA-approved ingredients that when infused into alcohol, protect the consumer's liver and DNA, without affecting the experience of drinking alcohol.
After recently striking a deal with Oman for construction of a subsea pipeline to export gas, Iran now expresses interest in restarting talks with Kuwait
Cairo's search for additional crude comes after Saudi Aramco halted shipments of oil products to Egypt last year
Held during 15-16 February 2017, the 2nd Kuwait International Health, Safety and Environment Conference and Exhibition was attended by global experts from the industrial sector to discuss several topics about environment, health and safety.
China was the major importer of the Sultanate's oil as 60% of the total oil exports were bought by the country
In-place oil and gas reserves in the newly discovered fields in the south are estimated to hold 6.5bn barrels of crude oil and 1.7tn cubic meters of natural gas
Spot prices for March delivery were seen at around $7.20 per million British thermal units (mmBtu), 30% below the last assessment level, while April prices dipped below the $7 per mmBtu mark, traders said
OPEC has delivered more than 90% of pledged oil output curbs in January, making a strong start to implementation of its first production cut in eight years
The Carbon2Chem processes will be tested in a pilot plant to translate the results of basic research to industrial scale. Work started last November on the construction of a technical centre on the premises of thyssenkrupp Steel in Duisburg, Germany.