Oil and Petrochemicals
Natural Gas Prices Rise to $3 Amid Production Decline and Steady Demand
Futures prices for natural gas have increased due to a decline in production and steady demand at the end of summer. The...
Oil and Petrochemicals
Oil and Petrochemicals
ADNOC Begins Purchase of 72 Million Barrels of Iraqi Crude Oil at Significant Discount
ADNOC is purchasing 72 million barrels of Iraqi crude oil and is facing discounts ranging from $18 to $27 per barrel.
Oil and Petrochemicals
U.S. Energy Secretary: Saudi Arabia's East-West Pipeline Will Be Operational Soon
The U.S. Energy Secretary announced that Saudi Arabia's East-West pipeline will be back in operation within the next few...
Oil and Petrochemicals
Cheniere Energy Completes Corpus Christi Liquefied Natural Gas Development Project
The third phase of the Corpus Christi liquefied natural gas development project, with a capacity of 3.1 billion cubic fe...
Oil and Petrochemicals
Saudi Arabia Seeks New Oil Export Routes
Saudi Arabia is striving to reduce its dependence on maritime chokepoints by changing its oil export routes. The country...
Oil and Petrochemicals
XRG Investment Company Enters the European Natural Gas Market
XRG Investment Company has penetrated the European natural gas markets by acquiring shares in the Southern Gas Corridor....
Oil and Petrochemicals
Ksi Lisims Signs 20-Year Contract with Santos
Ksi Lisims LNG has signed a 20-year contract with Santos Australia, which will assist in the commercialization of the pr...
Oil and Petrochemicals
Saudi Aramco's Withdrawal from Delivering Crude Oil to European Refiners
Saudi Aramco has halted oil shipments to European refiners due to the shutdown of the East-West pipeline. This pipeline,...
Oil and Petrochemicals
U.S. Steel Receives Final Approval for $475 Million Oil and Gas Facility
U.S. Steel begins construction of a $475 million facility in Alabama after receiving final approval. This facility incre...
Oil and Petrochemicals
Fatemeh Mohajerani announced the country's daily gasoline consumption at 140 million liters
Fatemeh Mohajerani, the government spokesperson, announced that the country's daily gasoline consumption is 140 million...
Oil and Petrochemicals
Borr Transfers Ownership of Perfomex to Local Partner in Mexico
Borr Company is transferring ownership of Perfomex to its local partner and will continue its collaboration with Pemex....
Oil and Petrochemicals
Valeura Energy Receives License to Enter PTTEP Blocks in Thailand
Valeura Energy has obtained 40% of the interests in two PTTEP blocks in the Gulf of Thailand with the approval of the Th...