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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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OPEC pumps 32.52mn barrels of oil per day in April

OPEC pumps 32.52mn barrels of oil per day in April

This rise in output occurred after OPEC and non-OPEC producers failed to agree on a proposal to freeze output in Doha on April 17 in a bid to stabilise prices
 
Iran's Pasargad mulls $330mn IPO of energy unit

Iran's Pasargad mulls $330mn IPO of energy unit

Company's top official says the IPO could take place in the current Iranian year, which ends March 2017, "or latest, next Iranian year," adding the listing may raise about 10tn Iranian rials or $330mn
 
Shell cuts spending further by 10% after BG deal

Shell cuts spending further by 10% after BG deal

Europe's largest oil company has been under pressure from shareholders to cut annual spending below $30bn to ensure it can maintain its dividend
 
Russia investing to make Bahrain a gas hub: Report

Russia investing to make Bahrain a gas hub: Report

The hub will be meant to intake LNG from various sources, including Russia
 

 

Old Dead Sea well could hold $322mn worth of oil

Old Dead Sea well could hold $322mn worth of oil

Israel Opportunity says the Hatrurim license is estimated to contain reserves of 7mn to 11mn barrels of oil
 
Taqa mulls selling off overseas oil and gas assets

Taqa mulls selling off overseas oil and gas assets

In its 2015 annual report, the Abu Dhabi government-owned company mentioned it had an agreement with another Abu Dhabi party to sell all its assets in North America and Kurdistan and most of it in Europe
 
Potential issues delay Aramco IPO's final form

Potential issues delay Aramco IPO's final form

Due to the huge size of the IPO it can only be handled by the largest stock markets like New York and London, The Economist quoted Aramco chairman as saying
 
Shell awards $3mn maintenance contract to UK firm

Shell awards $3mn maintenance contract to UK firm

Company will provide optimisation, reliability and integrity services to Shell's projects globally
 
GE Oil & Gas partners with Iraqi Oil Ministry

GE Oil & Gas partners with Iraqi Oil Ministry

Among the many objectives of the agreement, the two parties plan to set up Iraq's first Monitoring & Diagnostics Center that will enable real-time predictive maintenance, reduced downtime & improved operational efficiency of Iraq Ministry of Oil's fleet
 
Saudi Arabia plans largest artificial oil canal

Saudi Arabia plans largest artificial oil canal

The Saudi Council of Engineers, describes the largest artificial canal as the 'project of the century' and the 'Kingdom's second renaissance'
 
Oman offers to bridge Saudi-Iran oil output gap

Oman offers to bridge Saudi-Iran oil output gap

"Oman has a good relationship with everyone, not just the Saudis and Iran," Sultanate's oil minister says
 
Russia says door not closed for oil output freeze

Russia says door not closed for oil output freeze

Oil Minister Alexander Novak says the deal fell apart because Saudi Arabia had demanded Iran join in and that this was 'unreasonable'
 
Saudi-Iran tussle wrecks deal to freeze oil output

Saudi-Iran tussle wrecks deal to freeze oil output

Mohammed al-Sada, Energy Minister of host Qatar, says OPEC members need more time to agree on a free deal
 
Draft Doha pact would freeze output until October

Draft Doha pact would freeze output until October

According to a copy of the draft seen by Reuters, oil producers are to not exceed daily output levels recorded in January, till October 1
 
Italy's Saipem signs MoU for Iranian gas project

Italy's Saipem signs MoU for Iranian gas project

The Toos field holds over 2.11tcf of gas in place and has the capacity to produce some 141.2bcf/d of gas
 




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