The Libyan National Oil Corporation (NOC), headed Mustafa Sanallah, discussed in a meeting in Milan with Italian oil firm, Eni, plans to upgrade (A and H) offshore gas fields: two strategic fields that follow agreements of exploration projects and sharing production and operation, which includes Mellitah Oil and Gas Company. …
Read More »Qatar Petroleum Lets EPC Contract for North Field Expansion Project
Qatar Petroleum has let an engineering, procurement, and construction (EPC) contract for its North Field expansion project to Técnicas Reunidas SA. Técnicas Reunidas will act as the EPC contractor for the expansion of existing liquid products (condensate, propane, and butane) storage and loading facilities and the expansion of import facilities …
Read More »Lukoil to Build Catalytic Cracking Complex at Perm Refinery
LUKOIL announces the start of a catalytic cracking complex construction project at the Perm refinery. The project is implemented under an agreement with the Ministry of Energy of the Russian Federation on providing an investment incentive as part of the negative excise tax on refinery feedstock until January 1, 2031. …
Read More »UAE Sells another Blue Ammonia Shipment to Japan in Push toward Hydrogen
The United Arab Emirates sold its third shipment of blue ammonia to Japan, as the oil producer looks to build a hydrogen industry as it plans for the transition of global energy. Abu Dhabi National Oil Co. (ADNOC) will send its cargo to INPEX Corp. for use in power generation …
Read More »ExxonMobil Plans to Start Gas Drilling by End of Year
ExxonMobil and Qatar Petroleum plan on drilling for gas in an offshore block towards the end of the year, Energy Minister Natasa Pilidou has said. In an interview with daily Politis, the minister said the two companies planned on drilling an appraisal well in block 10 where natural gas was …
Read More »Aramco Joins Group Building Giant Solar Plant in Saudi Arabia
Saudi Aramco is joining a group led by ACWA Power to build a nearly $1 billion solar power plant in the kingdom as the world’s largest oil-exporting nation expands renewable energy supply. Aramco will hold a 30% stake in the Sudair solar project, while ACWA and partner Water & Electricity …
Read More »Siemens to Build World-Leading 2-Pole Electric Motor
Siemens Large Drives Applications (LDA) has received an order from a Chinese customer to deliver a special machine with dual shaft extension, which will have an efficiency of beyond 98 percent and will be a world-leading 2-pole electric motor. It can be used in motor operation with a power of …
Read More »Gazprom’s Revenues Surge on Rising Natural Gas Prices
Export proceeds of Russian state-run energy giant Gazprom saw an enormous increase of 73% from January to June 2021 compared to the same period a year ago, according to Russia’s Federal Customs Service. In monetary terms, the growth amounted to $20.01 billion, while the physical volume of exports totaled 108.4 …
Read More »Saudi Aramco Hikes Oil Prices to Asia for Second Consecutive Month
The world’s largest oil exporter, Saudi Arabia, raised on Wednesday its official selling prices for crude oil loading for Asia in September in a widely expected move tracking stronger Middle East oil benchmarks. Saudi oil giant Aramco lifted its official selling price (OSP) for its flagship Arab Light grade for …
Read More »Aramco Raises Asia, U.S. Oil Prices in Sign Demand Seen Rising
Saudi Arabia raised oil for prices for buyers in Asia and the U.S. for September in a sign the world’s largest crude exporter sees demand continuing to recover despite a surge in coronavirus cases in some of the world’s main energy importers. OPEC+, the oil-producers’ group led by the Saudis …
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