Baker Hughes, a GE company (BHGE), is in talks with Abu Dhabi National Oil Co. to set up a partnership that could lead to the U.S. firm taking a minority stake in the state-owned energy giant’s drilling unit, according to people with knowledge of the matter.
OPEC has enough spare production capacity to cushion oil markets as the U.S. re-imposes sanctions on Iran, according to United Arab Emirates Energy Minister Suhail Al Mazrouei.
Germany has proposed setting up some sort of consortium to ensure that Ukraine retains its role as a transit country for Russian gas once the Nord Stream 2 gas pipeline is operational.
Houston, (GLOBE NEWSWIRE) -- Shell Midstream Partners, L.P. entered into a purchase and sale agreement to acquire Shell’s ownership interest in Amberjack Pipeline Company LLC, which is comprised of 75% of Amberjack Series A and 50% of Amberjack Series B for $1.22 billion.
The kingdom says Trump's decision to withdraw from the Iran nuclear deal vindicates its long-standing regional strategy.
ConocoPhillips may finish what U.S. sanctions started.
hte – the high throughput experimentation company has been selected by BP to evaluate commercial catalysts for both naphtha reforming and hydrocracking applications using high throughput technology under commercially relevant conditions for its refineries around the world.
BEIJING, (Reuters) - China's Jiangsu province is considering shutting small coke plants along the Yangtze River and near Lake Tai, as the eastern province steps up its campaign against pollution, an official at the provincial government familiar with the matter said.
ALGIERS, (Reuters) - French oil and gas major Total has signed a $1.5 billion deal with Sonatrach to build a polypropylene plant in western Algeria, the companies said.
The international nuclear agreement with Iran might not be the only deal U.S. President Donald Trump has unraveled.
Eni announces the start-up of the third production unit (T-2) of the Zohr project, increasing the installed capacity to 1.2 Bcfd. Zohr is now producing 1.1 Bcfd in ramp-up, equivalent to approximately 200,000 boed, of which 75,000 boed net to Eni at current working interest.
Morocco's only refinery will find it tougher to find a buyer the longer it stays closed as equipment ages and qualified staff move away, industry sources say, almost three years after operations were halted due to heavy debts.
NEW DELHI, (Reuters) - Saudi Basic Industries Corp (SABIC), the world's No.4 petrochemical company, wants to buy about half of the $4.6-billion Indian petchem project backed by Oil and Natural Gas Corp (ONGC), two sources familiar with the matter said.
Spring, Texas, – Esso Italiana earlier today announced it has signed an agreement for the sale of its Augusta refinery, three fuel terminals in Augusta, Palermo and Naples, and associated pipelines to the Algerian state oil company SONATRACH.
HOUSTON – KBR, Inc. announced it has been awarded a pre-FEED contract by INPEX Corporation through its subsidiary INPEX Masela Ltd for the Abadi onshore LNG Project in the Arafura sea in Indonesia.