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Aramco, Pertamina award contract for $5bn JV Saudi Aramco owns 45% of

Aramco, Pertamina award contract for $5bn JV

Detailed engineering design was awarded to British consultancy, engineering and project management company Amec Foster Wheeler Energy

 •   Pertamina signs refinery FEED deal with Aramco
 •   Pertamina, Saudi Aramco plan $5bn refinery upgrade
 •   Indonesian Pertamina forms JVs with Aramco, Nippon


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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
 
Kuwait plans to hike oil output by 44% before 2020

Kuwait plans to hike oil output by 44% before 2020

The plan is in line with current attempts made by GCC nations to pump as much crude as possible and tender new E&P projects
 
UAE's Taqa posts Q1 2016 loss on low oil prices

UAE's Taqa posts Q1 2016 loss on low oil prices

The majority Abu Dhabi government-owned entity made a net loss attributable to equity holders of AED608mn ($165.5mn) in the three months to March 31, versus a net profit of AED256mn ($69.69mn) in the same period of 2015
 
QP marks 10,000th LNG vessel loading at Ras Laffan

QP marks 10,000th LNG vessel loading at Ras Laffan

The LNG cargo was loaded on board the Q-Max LNG carrier 'Mozah', which is bound for the South Hook LNG Terminal in the UK
 

 

PDO eyes $900mn savings over next 5 years: Report

PDO eyes $900mn savings over next 5 years: Report

Initiatives have been designed to yield hundreds of millions of dollars in savings to the company over the 2015-20 timeframe
 
Aramco expects marine complex operational by 2021

Aramco expects marine complex operational by 2021

The first part of the shipbuilding complex will be ready by 2018, and it will eventually make oil rigs and tankers, CEO says    1 Comments
 
ADNOC, Shell, BP to promote UAE energy investment

ADNOC, Shell, BP to promote UAE energy investment

The EIC Connect Middle East event is scheduled to take place on May 17 at St. Regis Hotel and Resort on Saadiyat Island, Abu Dhabi
 
Iran's new oil contract to be ready by July

Iran's new oil contract to be ready by July

Deputy Oil Minister says companies from all countries welcome to tender for the new Iran Petroleum Contract (IPC) in July
 
Taqa says not in talks to sell oil and gas assets

Taqa says not in talks to sell oil and gas assets

Reports said Taqa was considering whether to sell its overseas oil and gas assets to another Abu Dhabi state-owned entity
 
Splurging money on digitalisation

Splurging money on digitalisation

Survey finds upstream oil and gas companies are spending heavily on digital technologies to drive value and reduce costs during this downturn
 
Iran, Oman mull building oil terminal at Jask port

Iran, Oman mull building oil terminal at Jask port

The terminal will have the capacity to export 2mn bpd and 10mn barrels reservoir for oil and gas condensates
 
DMCC Energy Club hosts oil outlook seminar in May

DMCC Energy Club hosts oil outlook seminar in May

Event will look at future outlook for crude oil markets and how regional geopolitics are likely to impact prices
 
Total to invest in Qatar's solar sector: Report

Total to invest in Qatar's solar sector: Report

QP and QEWC have signed a deal to establish a 60:40 joint venture with an initial capital of about $500mn to develop a solar power project with a capacity of 1,000MW
 
India paying $5/mmBtu to Qatar under new gas deal

India paying $5/mmBtu to Qatar under new gas deal

In late December last year, India got Qatar to agree to slashing gas price by half to match a slump in global energy rates, helping the nation save billions of dollars
 
Aramco sets financing plans for industrial push

Aramco sets financing plans for industrial push

The reforms envisage Aramco transforming itself from an oil and gas firm into a 'global industrial conglomerate' involved in many sectors and services
 




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