Industry
Oil Plus secures contracts worth US$1.5mn in Middle East
The Newbury-based Oil Plus Ltd, a specialist global oil and gas consultancy, has received contracts about US$1.5mn over the past three months and has significantly expanded its footprint in the Middle East’s oil and gas market
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ADNOC to unveil new investment opportunities at Downstream Investment Forum in May
The Abu Dhabi National Oil Company (ADNOC) is planning to launch a detailed downstream strategy to expand Ruwais Industrial Complex and introduce new partnership opportunities, to boost oil and gas sector in Abu Dhabi and across the UAE
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Austria's OMV to own 20 per cent stakes in two oil fields in the UAE
Austrian oil and gas company OMV has announced plans to acquire 20 per cent stakes in two offshore oil fields in Abu Dhabi, with a purchase price of US$1.5bn
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Shell sells stakes in Mukhaizna asset in Oman to IndianOil
Shell Overseas Holdings Limited has announced the sale of Mukhaizna asset in Oman to IOCL Singapore PTE Ltd (ISPL), a subsidiary of Indian Oil Corporation Limited (IndianOil), for an amount of US$329mn
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Iran to spend US$21bn of capex on oil projects by 2021: GlobalData
Iran is expected to spend about US$21bn in capital expenditure (capex) on oil projects between 2018 and 2021, a move that aims to increase production to about 4.9 mmbbl per day in 2021, according to GlobalData, a leading data and analytics company
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