The Persian Gulf region has about 730 billion barrels of proven oil reserves and more than 70 trillion square meters of natural gas.
Read More »GE Signs $15b. of Saudi Deals. MoUs During Trump Visit
The MoU aims to generate USD 4 billion in annual productivity improvement.
Read More »Indonesia and UAE Talk $5 Billion Energy Partnership
Currently. the value of the UAE’s investments in Indonesia amounts to $2 billion.
Read More »Petrochemical Investments Will Pay Off in 2 Years
With a combined production capacity of 2.2 million tons annually. the plants cost $1.3 billion.
Read More »Aramco Plans at Least 10 Energy Deals During Trump Visit
Aramco plans to sign an additional agreement with Jacobs Engineering to form a joint venture for project management.
Read More »Iran has No Problem Spending Oil Cash
Iran is faced with no problem when spending its oil money.
Read More »NIOC: IPC Tenders Postponed Due to Elections
The giant South Azadegan Oilfield near the Iraqi border has been singled out as the first field to be tendered under the new terms.
Read More »Samsung Heavy Industries Awards Marine Compressed Air System Contract
Höegh LNG has one of the world’s biggest fleets of TMC compressors for FSRUs.
Read More »Solar Mini-Grids Could Protect the U.S. From Terrorist Strikes
This process would protect against cyberattacks such as the those levied against Ukraine in December 2016.
Read More »Russia. Saudi Call for Oil Output Deal Extension
OPEC members agreed in November to cut production by 1.2 million barrels per day for six months.
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