ADNOC, OCI announce new joint venture in nitrogen fertiliser

AdnocThe Abu Dhabi National Oil Company (ADNOC) has announced a new strategic partnership with OCI, a producer and distributor of natural gas-based fertilisers and industrial chemicals, headquartered in the Netherlands

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Oil tankers attacked in Gulf of Oman

22626307427 4f2f364f06 zTwo oil tankers were attacked in the Gulf of Oman, about 56 NM east of Fujairah, sending global oil prices rising

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USA cements its position as world leader in oil reserves

Rystad 13j 1In its annual report of world recoverable oil resources, Rystad Energy finds that the USA holds 293bn barrels of recoverable oil resources, which is 20bn barrels more than Saudi Arabia and almost 100bn barrels more than Russia

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Petrofac secures contract with Petroleum Development Oman

26470305296 5a54f61bdb zPetrofac, an oilfield service provider, has secured its third project under a 10-year framework agreement with Petroleum Development Oman (PDO) with the award of a procurement services project for the Mabrouk North East Pipe Procurement Project in Oman

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KOTC renews marine lubricants agreement with Lukoil

Lukoil top management along with KOTC top officialsThe Dubai subsidiary Lukoil Marine Lubricants (Lukoil) has renewed its three year agreement with Kuwait Oil Tanker Company (KOTC), the subsidiary of Kuwait Petroleum Corporation (KPC)

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