Friday, April 26, 2019
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The latest oil & gas and energy news from the Middle East – only on Business Live ME.

BP and Shell Both Claim to Be Number One in Investor...

(Bloomberg) -- In the cutthroat game of global capitalism, there can be only one winner. Unless you’re an oil company. Both BP and Shell are claiming...
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Saudi Aramco to Acquire $69 Billion Sabic Stake in Record Deal

(Bloomberg) -- Saudi Aramco, the world’s biggest oil producer, will buy a majority stake in local chemical giant Sabic from the kingdom’s sovereign wealth fund...
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Obscure Pollution Rule May Cost Middle East Billions

(Bloomberg) -- The world’s biggest oil-exporting region may lose billions of dollars in annual revenue when an arcane United Nations requirement for ships to burn...
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Saudis Urge OPEC+ to Stick With Oil Cuts as Job Not...

(Bloomberg) -- OPEC and its allies have much work ahead to balance global oil markets and are prepared to do what’s necessary in the second...
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Kuwait Petroleum Said to Reassess $500 Billion Spending Plan

Kuwait Petroleum Corp. is reassessing plans to spend about $500 billion in capital investment and may decide this year to combine its eight business...
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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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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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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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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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Saudi Arabia to set up $10B oil refinery in Pakistan

Saudi Arabia plans to set up a $10 billion oil refinery in Pakistan's deepwater port of Gwadar, the Saudi energy minister said on Saturday,...
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