Wednesday, February 20, 2019

Aramco to Probably Sell $10 Billion Bond to Buy Sabic Stake

Saudi Aramco could tap the bond market for about $10 billion to help fund the acquisition of petrochemicals giant Saudi Basic Industries Corp., according...
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Oman sees a rise in Standard Grade Petrol Production by 41%

The production of standard grade petrol (M-91) by Omani refineries has increased by 41% to touch 13.41 million barrels till the end of November...
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Saudi Arabia Makes Rare, Bullish Call on Oil in Its 2019...

Saudi Arabia’s government expects to earn more from oil next year, an optimism that defies most price forecasts for crude and contrasts with the...
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Qatar Petroleum Buys Oil Stakes From Eni

Qatar Petroleum is buying stakes in three offshore oil blocks in Mexico from Eni SpA, as the Arab country signs another global expansion deal...
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How Machine Learning and AI Industry initiatives are shaping the oil...

Oil and Gas companies operate in dynamic and complex environments, where they face constant challenges especially in terms of supply and demand. Oil and...
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Qatar to Leave OPEC

Qatar, a member since 1961, is leaving OPEC next month to focus on its liquefied natural gas production, Energy Minister Saad Sherida Al-Kaabi told...
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Aramco Plans to Invest $500 Billion as Oil Giant Expands Abroad

Saudi Aramco aims to become a global refiner and chemical maker, seeking to profit from parts of the oil industry where demand is growing...
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Saudi Petrochemicals Giant’s Quarterly Profit Meets Estimates

Saudi Basic Industries Corp. posted a 5.4 percent increase in third-quarter profit, meeting analysts’ estimates. Net income rose to 6.1 billion riyals ($1.63 billion) from...
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BP Tech Gurus Borrow Ideas to Drive Billions in Savings

As the sun reaches its crest over Oman’s sandy landscape, temperatures soar past the point at which it can melt a road. The searing...
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The World’s Fourth-Biggest Oil Producer Can’t Keep the Lights On

Iraq is fast becoming a global oil powerhouse, gaining stature in OPEC after it surpassed Canada this year as the world’s fourth-biggest producer. But...
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