Sunday, February 17, 2019
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The latest oil & gas and energy news from the Middle East – only on Business Live ME.

Exxon, Qatar Bet on U.S. Gas Export With $10 Billion Project

Exxon Mobil Corp. and Qatar Petroleum are officially moving forward with a $10 billion liquefied natural gas export terminal in Texas, the latest in...
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The Middle East’s Once-Hot LNG Market Faces a Decade-Long Slump

The Middle East was a bright spot for global liquefied natural gas (LNG) demand in 2015. Now imports have plummeted so much that it...
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Aramco Could Stagger Payments for Sabic Deal, Oil Minister Says

Saudi Aramco could stagger payments for the acquisition of chemical giant Sabic, offering flexibility in how to finance the largest deal in the kingdom’s...
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Saudis Pledge Even Deeper Oil Cuts in February Under OPEC+ Deal

Saudi Arabia expects to reduce oil output once again in February and pump for six months at levels “well below” the production limit it...
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Getting basics right

At the Web Summit technology conference in Lisbon, Portugal, Shell CEO Ben van Beurden spoke on the need to gain public trust and the...
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Eni, OMV to Pay $5.8 Billion for Abu Dhabi Refining Stakes

Eni SpA and Austrian oil and gas producer OMV AG agreed to pay about $5.8 billion for a combined 35 percent stake in the...
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Wind Turbines Bigger Than Jumbo Jets Seen Growing Even Larger

Wind turbines that already are starting to make the biggest jumbo jetliners look small can grow larger yet, according to the chief executive officer...
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Growing amidst challenges

Middle East oil demand growth in 2019 may be challenged by various factors, mainly related to major economic transformation programmes, subsidy reduction policies and...
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Saudi to build oil refinery, petrochemicals plant in South Africa

Saudi Arabia plans to build an oil refinery and petrochemicals plant in South Africa as part of $10bn of investments in the country. The new...
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Saudi Aramco Refinery JV Said to Hire SMBC to Advise on...

Satorp, the joint venture between Saudi Aramco and Total SA, hired Sumitomo Mitsui Banking Corp. and Riyad Bank to help raise funds to develop...
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