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Iran starts construction of $1bn petrochem plant Iran has started construction of a $1bn petrochemical plant in Gachsaran.

Iran starts construction of $1bn petrochem plant

The Gachsaran plant will have a capacity of of 5,000 tons of formic acid and 500 tons of vinyl acetate and generate over 400 jobs

 •   Indonesia signs new deal with Iran
 •   Iran hopes to sign $25bn oil deals within 2 years
 •   Iran probing if oil accidents were cyberattack


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Abu Dhabi's GASCO receives LNG storage vessel

Abu Dhabi's GASCO receives LNG storage vessel

The vessel from Excelerate Energy has already collected its first cargo and will add 500mn standard cubic feet of gas per day to the grid
 
McDermott, Nakilat tie up for Qatar EPC projects

McDermott, Nakilat tie up for Qatar EPC projects

McDermott and N-KOM, the joint venture shipyard between Qatar's Nakilat and Keppel Offshore & Marine, will develop an integrated approach to target offshore EPC projects and repair and maintenance contracts in Qatar
 
APICORP and Bahri to launch $1.5bn shipping fund

APICORP and Bahri to launch $1.5bn shipping fund

The Fund's target is to acquire approximately 15 Very Large Crude Carriers (VLCCs) over three phases with total investments of up to $1.5bn composed of debt and equity
 
Total wins stake in Qatar's Al Shaheen oilfield

Total wins stake in Qatar's Al Shaheen oilfield

Total will be in charge with operating the oilfield starting July 14, 2017, and a new company named North Oil Co. will be created to manage the joint venture
 

 

BP, Shell among bidders to run Qatar oilfield

BP, Shell among bidders to run Qatar oilfield

The other bidders are Al Shaheen's current operator Maersk, as well as Total SA, Chevron Corp and ConocoPhillips
 
QP committed to continue Al Shaheen project: CEO

QP committed to continue Al Shaheen project: CEO

The existing E&P sharing agreement with Maersk Oil Qatar that governs the operation of Al Shaheen field will expire mid-2017
 
RasGas delivers 500th LNG cargo to CPC in Taiwan

RasGas delivers 500th LNG cargo to CPC in Taiwan

The two firms have a relationship dating back to 2005
 
Qatargas delivers first LNG cargo to Pakistan

Qatargas delivers first LNG cargo to Pakistan

The vessel left Ras Laffan, Qatar on February 26 to mark the inaugural Q-Flex delivery to Pakistan    1 Comments
 
Pakistan building 2nd terminal to import Qatar LNG

Pakistan building 2nd terminal to import Qatar LNG

A senior Pakistani official tells Oil & Gas Middle East that the country plans to build 'at least' two more floating terminals
 
QP to buy 30% stake in Chevron Morocco oil blocks

QP to buy 30% stake in Chevron Morocco oil blocks

The sale will reduce Chevron's stake in the offshore leases to 45%
 
OCB Oilfield Services fully acquires Kuiper

OCB Oilfield Services fully acquires Kuiper

The acquisition of Kuiper International, which was completed last week, is OCB's first and is part of a four year expansion plan to increase its business value by 300%
 
Lamprell extends jack-up options with NDC

Lamprell extends jack-up options with NDC

Two options have been extended until the end of Q1 in 2016
 
DP World and rivals join environmental push

DP World and rivals join environmental push

Companies join forces to promote environmental awareness
 
Marine industry event to debate oil price effects

Marine industry event to debate oil price effects

Event will take place in Abu Dhabi in October
 
92 rigs launched in 2016 will have no contract

92 rigs launched in 2016 will have no contract

Just eight of 100 new rigs to be launched next year have deals in place
 




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