Sunday, July 21, 2019

Petrofac secures training contracts over $30 million in Oman, UAE

In a statement released by the company, Petrofac announced that it has secured multiple new awards and contract extensions to provide training solutions to...
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Saudis Pledge to Ensure Oil Supply if Iran Exports Collapse

(Bloomberg) -- Saudi Arabia will coordinate with other crude producers to ensure that adequate supplies are available and the market “does not go out of...
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Reliance to Weigh Refinery Stake Sale to Aramco, Adnoc

Indian billionaire Mukesh Ambani’s Reliance Industries Ltd. is considering selling as much as 25 percent of its refinery business in a deal that could...
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Saudi Aramco Sells $12 Billion of Bonds in Unprecedented Debut

Saudi Arabia took its first major step onto the global financial stage to fund the heady ambitions of its crown prince, issuing $12 billion...
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Aramco Pumps Oil at Fraction of Rivals’ Costs and Way More...

(Bloomberg) -- Saudi Aramco can pump oil at a fraction of the cost of rivals and extracts more from beneath the Arabian Peninsula’s deserts and...
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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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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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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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