Lukoil and KazMunayGas establish a consortium on Znenis project in the Caspian Sea
President of Lukoil Vagit Alekperov and Chairman of the Management Board of KazMunayGas Alik Aidarbayev signed agreements on joint cooperation and financing of …
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Qatar gives notice of its withdrawal from OPEC
The OPEC Secretary General, His Excellency Mohammad Sanusi Barkindo, has yesterday received a letter from the State of Qatar giving notice of its intention to …
South Korea: Hanwha Total Petrochemical invests in a new polypropylene plant to expand its refining & petrochemicals platform
Hanwha Total Petrochemical, a 50/50 joint venture between Total and Hanwha, will invest nearly $500 million to further expand its Daesan integrated refining …
Esso Italiana and Sonatrach complete transaction for Augusta Refinery
Esso Italiana, a subsidiary of ExxonMobil, and Sonatrach Raffineria Italiana S.r.l. said today that they have completed their transaction announced earlier …
Oil field steel import quotas are the wrong solution
We report the announcement published by the Texas Alliance of Energy Producers by its president John Tintera. «Negotiators with the office of the U.S. Trade …
Saudi Aramco signs deals worth $27.5 billion with suppliers
Saudi Aramco hosted its 4th IKTVA Forum & Exhibition this week at the Dhahran Expo Center in Dammam, attracting more than 1,000 local and international …
MMEC Mannesmann opens regional headquarters in Abu Dhabi
MMEC Mannesmann GmbH, a global leader in engineering, procurement and construction (EPC), has announced the opening of its branch office in Abu Dhabi that will …
Oman combines oil companies to create refining-to-trading giant
The largest Persian Gulf producer that’s not an OPEC member is combining state-run oil investment and refining companies to form a business that spans …
TechnipFMC breaks ground on new manufacturing, aftermarket and training facility in Saudi Arabia
TechnipFMC has broken ground on its new state-of-the-art manufacturing, aftermarket and training facility in Dhahran in the eastern region of Saudi Arabia. The …
Chart Industries completes the acquisition of VRV
Chart Industries announced that it completed the acquisition of VRV and its subsidiaries. VRV is a diversified multinational corporation with highly automated, …