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Sabic signs deal for 38,000 cbm gas carrier Picture for illustrative purpose only.

Sabic signs deal for 38,000 cbm gas carrier

Vessel will be delivered by Ocean Yield ASA to Sabic's Houston base in December

 •   ExxonMobil still evaluating US JV with Sabic
 •   Sabic to sell stake in Ibn Al-Baytar to Safco
 •   SABIC sells polymershapes unit to US firm


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OPEC/non-OPEC meeting on December 10 in Vienna

OPEC/non-OPEC meeting on December 10 in Vienna

There are hopes that non-OPEC countries will contribute another 600,000 bpd to the cut
 
Oil rallies to best week in years after OPEC deal

Oil rallies to best week in years after OPEC deal

After the deal was announced last week, the market focused on the implementation and impact of OPEC's first output cuts since 2008, to be joined by Russia and possibly other non-OPEC producers
 
Algerian and Russian ministers to meet this week

Algerian and Russian ministers to meet this week

Venezuela's oil minister will visit Algiers on Monday and then head to Moscow with his Algerian counterpart ahead of OPEC talks in Vienna
 
Libya won't take part in any OPEC output cuts

Libya won't take part in any OPEC output cuts

Libya has more than doubled its national crude production to around 600,000 bpd since several previously blockaded oil ports were reopened in September
 

 

Saudi Aramco to supply more oil to Asia in January

Saudi Aramco to supply more oil to Asia in January

The decision by the world's top exporter to give extra oil came weeks before Saudi Aramco was due to notify customers of their monthly supply allocation.
 
BP excludes CEO Dudley from Iran decision-making

BP excludes CEO Dudley from Iran decision-making

Sources said that the separate governance structure does not involve Bob Dudley or any other US citizens and was set up for Dudley's own protection
 
QDB and Qatar Shell open opportunities for SME's

QDB and Qatar Shell open opportunities for SME's

This initiative is a strategic partnership that aims to support the Qatar National Vision 2030 by providing local SMEs with access to specific business opportunities
 
Exports to US will continue: KSA oil minister

Exports to US will continue: KSA oil minister

The US gross imports from Saudi Arabia averaged about 1.06mn barrels per day in 2015, accounting for about 11% of total US imports.
 
Aramco 2nd best oil and gas employer in the region

Aramco 2nd best oil and gas employer in the region

When it comes to best employer ranking, the Inaugural Ideal Employer Survey finds that Aramco came in second, ADNOC in sixth, and KOC in 14th place
 
UAE's IPIC's H1 profits hurt by lower oil prices

UAE's IPIC's H1 profits hurt by lower oil prices

IPIC attributed losses to a fall in the share price of UniCredit, in which it holds a 5.04% stake
 
Total to continue to invest in the UAE

Total to continue to invest in the UAE

Total hopes to be part of offshore concessions in UAE which will expire in 2018
 
Operation excellence holds key

Operation excellence holds key

According to a survey of HSE, maintenance and operations professionals in the oil and gas industry by Petrotechnics, 96% believe OpEx is important to their organisation
 
'No long-term future for oil', says report

'No long-term future for oil', says report

Recent report by Wermuth Asset Management (WAM), an impact investment firm, claims the days of oil as a primary energy source are numbered
 
TAQA posts wider Q3 loss on oil price slump

TAQA posts wider Q3 loss on oil price slump

TAQA made a net loss attributable to equity holders of AED524mn ($142.66mn) in the three months ended September 30
 
BP signs extended agreement for Khazzan gas field

BP signs extended agreement for Khazzan gas field

The license area extension will add more than 1000km2 to the south and west of the original 2,700km2 of Block 61
 




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