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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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Iran, Iraq ink MoU to boost oil cooperation

Iran, Iraq ink MoU to boost oil cooperation

The two sides agreed to establish a joint committee to follow up on the taken decisions and agreements
 
Iran to finalise contract with Total soon

Iran to finalise contract with Total soon

Bijan Zanganeh said that a contract was still being pursued with Total but noted recent comments from the chief executive of the French company indicated it was awaiting feedback from the United States
 
Rosneft signs deals with Libya and Kurdistan

Rosneft signs deals with Libya and Kurdistan

The deal with Libya NOC was announced as Rosneft said it had signed a deal to pre-finance crude exports from Kurdistan, becoming the first major oil firm to make such an agreement with the semi-autonomous Iraqi region.
 
ADNOC completes ADCO deal with 4% stake to CEFC

ADNOC completes ADCO deal with 4% stake to CEFC

Announcement of awarding the remaining 4% stake of the ADCO concession to China's CEFC for $888mn comes a day after ADNOC said it had sold 8% of the share to Chinese giant CNPC
 

 

Iraq's oil reserves increase to 153bn barrels

Iraq's oil reserves increase to 153bn barrels

The increased estimate is the result of appraisals and exploration carried out at seven oilfields in central and southern Iraq
 
ADNOC awards China's CNPC 8% of ADCO concession

ADNOC awards China's CNPC 8% of ADCO concession

CNPC joins BP of the UK (10%), Total of France (10%), Inpex Corporation of Japan (5%), and GS Energy of South Korea (3%) as participants in the onshore concession and shareholders of ADCO
 
Libya NOC to boost output to pre-Arab Spring level

Libya NOC to boost output to pre-Arab Spring level

State-owned company to explore partnerships with service firms at event in Algeria in March as it aims to reach 1.2mn bpd by year-end
 
Dana Gas wins court judgement in Kurdistan dispute

Dana Gas wins court judgement in Kurdistan dispute

The court ordered the KRG to pay $121mn to the claimants for condensate and liquefied petroleum gas lifted by or on behalf of the KRG between 2015 and 2016
 
Qatar eyes key LNG markets in Asia, Latin America

Qatar eyes key LNG markets in Asia, Latin America

Qatar's expanding investments abroad allows the country to overcome domestic production constraints, diversify its production base and secure new sources of international demand
 
Saudis push for recovery with lowest output

Saudis push for recovery with lowest output

The Kingdom reported that it reduced output by 717,600 barrels per day (bpd) last month to 9.748mn bpd, according to a monthly report from OPEC released this week. Under the agreement, Saudi Arabia pledged to cut output to 10.058mn bpd.
 
Aramco inks first oil contract with China's Huajin

Aramco inks first oil contract with China's Huajin

The contract, the first between Aramco and Huajin, comes after Russia overtook Saudi Arabia as the top crude supplier to China, the world's second largest oil consumer
 
ADNOC capitalises on increased sulphur capacity

ADNOC capitalises on increased sulphur capacity

UAE's sulphur production to double over next decade
 
ExxonMobil in talks with South Sudan over oil deal

ExxonMobil in talks with South Sudan over oil deal

In addition to Exxon Mobil, France-based oil and gas company Total SA and London-based Tullow Oil Plc have shown interest in buying stakes of the untapped reserves
 
Iran to have $50bn oil revenues next year: Min

Iran to have $50bn oil revenues next year: Min

Oil and condensates exports stood at 1.2mn barrels a day in the five months of the year 2013 while the figure reached 2.8 barrels a day in the past four months, up by 1.6mn barrels
 
OPEC figures: over 90% compliance with supply cut

OPEC figures: over 90% compliance with supply cut

Compliance of 92% comfortably exceeds the initial 60% achieved when OPEC's previous deal to cut was implemented in 2009, and the OPEC figures add to indications that adherence so far has been high
 




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