Petrofac awarded US$500 million contract offshore Abu Dhabi

offshore-abudhabi optPetrofac has been awarded a US$500mn engineering, procurement, installation and commissioning contract by Abu Dhabi Marine Operating Company (ADMA-OPCO) for the Satah Al Razboot (SARB) Package 3 Project offshore Abu Dhabi

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Libya to supply oil on credit to Egypt

barrel1Libya has announced plans to supply one million barrels of oil a month to Egypt on credit in a move that would provide the latter with relief from fuel shortages

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Saudi Aramco aiming to become world's largest refiner

petro-aramcoSaudi Aramco has announced that it is aiming to become the world's top producer of refined fuel and petrochemical products

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Alderley completes Phase 2 of facilities expansion in Dubai

Alderley FZEAlderley FZE, a manufacturer of oil and gas equipments, has completed Phase 2 of its facilities and production expansion at the 10,000 square metres plot in Jebel Ali Free Zone, Dubai

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Shell ‘owes Iran US$2.3 billion’

Image source: Shell.Royal Dutch Shell still owes Iran US$2.3bn for oil purchases, having traded in Iranian crude almost up until a European Union embargo was imposed in 2012

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