Al Geemi Contracting won two contracts, one to build utilities including for power transmission, steam and water, and another to build ancillary infrastructure such as internal roads, buildings and security fencing.
China’s consumption has been a weak spot for the market, and last month’s decline in inflows came as local refiners cut throughput amid weaker margins
Hurricane Rafael, which has caused 391,214 barrels per day of US crude oil production to be shut, is expected to move slowly westward over the Gulf of Mexico and away from US fields.
Malaysia’s national energy behemoth Petronas has lifted the force majeure on gas supplies to MLNG Dua, one of four liquefaction projects that comprise the 29 million-plus tonnes per annum nine-train Petronas LNG Complex at Bintulu, Sarawak.
QatarEnergy has inaugurated four new liquefied natural gas (LNG) vessels built at the Samsung Heavy Industries (SHI) and Hanwha Ocean shipyards in South Korea.
ExxonMobil Guyana Ltd. and BM Offshore completed the transaction related to the FPSO Prosperity, ahead of the maximum lease term, which would have expired next November.
Africa’s mature oil markets are seeing a number of independent firms drive production gains, prioritizing incremental exploration and innovative technologies to breathe new life into existing assets.
The Republic of Congo (ROC) is preparing a new Gas Code to incentivize investment across the natural gas value chain. Concurrently, the country is preparing to launch its Gas Master Plan (GMP), serving as a roadmap for investing in the ROC’s gas sector. These policies mark a pivotal step towards rolling out the requisite infrastructure to stimulate industrialization and economic growth.
The acquisitions of Eni’s Nigerian Agip Oil Company Ltd. by Oando and those of Equinor by Project Odinmim Investments Ltd. were announced at an industry event Wednesday in Abuja. The prices weren’t disclosed.
The PetroChallenge competition tested students’ ability to utilise OilSim, an online business simulation to develop students’ understanding of the upstream oil and gas industry.