The Petroleum Industry Pension Fund and Hyundai Engineering closed their deal for the construction of the Kangan Petro Refining Complex… Read More
The past week was one of farm-ins and acquisitions, with several majors splurging on gas-rich acreage in particular. Read More
Rail Standard Service and Fortland Consulting Company are set to invest USD 12 billion in a 400,000-bopd refinery in Namibe… Read More
Super-major BP launched its fuel retail business in the Mexican market with the opening of its first service station in… Read More
Brent crude futures for May were up two-thirds of a percent to USD 52 Read More
Statoil has decided to abandon plans for a new headquarters in Stavanger, international media reported on Friday, a day after… Read More
Amec Foster Wheeler has been awarded a contract for FEED and project management work on Kuwait’s fourth refinery, Al Zour Read More
Spanish giant Repsol has made the largest US onshore conventional oil discovery in 30 years, the company reported on Thursday. Read More
In its annual report released on Thursday, Shell said that its 20% stake in the ExxonMobil-operated West Qurna-1 field was… Read More
ExxonMobil closed a deal with Eni on Thursday for the acquisition of a 25% stake in the Area 4 block off… Read More
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