Tag Archives: Oil Price

In July. Petronas scrapped a proposed C$36 billion ($29 billion) liquefied natural gas project in western Canada due to weak prices. in a blow to its global ambition.

The project is strategic for Saudi Arabia. which plans to expand further into the petrochemical chain to export more end products and grow beyond oil.

Oklahoma. Wyoming. North Dakota. and Texas held the highest proportion of jobs directly related to the oil and gas supply chain.

Sasol shares climbed as much as 4 percent in Johannesburg trading. the most since March 31. and were 3.9 percent higher at 386.50 rand as of 10:05 a.m. local time.

Tehran seeks to raise gas production capacity to 1 billion cubic meters per day by March 2018 on the back of bigger supplies from South Pars.

India’s plan to merge some state-held oil enterprises could reduce inefficiencies in the sector.

Kuwait has so far bought Chinese-made rig equipment worth more than 4.3 billion yuan.

Qatari banks. whose $50 billion external liabilities dwarf central bank reserves. may need more aid if the crisis deepens.

Eni offered some concession and agreed to lower the price to 11.99% of crude oil rate compared to 12.29% quoted in the tender.

The US shale oil output will make up more than half of the 1.5 mb d in non-OPEC supply growth forecast for the next year.