Petrochemicals

INEOS to invest US$2bn in Saudi Arabia plants

Jubail 2 DevelopmentUK energy firm INEOS has signed a memorandum of understanding with Saudi Aramco and Total, France, to build three new plants as part of the Jubail 2 complex in Saudi Arabia

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‘Brent will not rise above US$80 per bbl in Q2’

BSEEThe removal of US waivers on Iranian crude oil export sanctions in April will not push Brent prices above US$80 per bbl in the second quarter, according to 61 per cent of those surveyed in GIQ’s monthly Energy Market Survey in May

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Oil and Gas is intrinsic to Industry 4.0, says ADNOC CEO

ADNOC 4ADNOC is applying cutting-edge technology at every step of the production process from oil platforms to trading platforms, according to Dr Sultan Al Jaber, CEO of ADNOC Group

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Sempra LNG, Aramco Services sign heads of agreement for Port Arthur LNG

8498524881 910e01e4cc zSempra Energy and Saudi Aramco have announced that their respective subsidiaries, Sempra LNG and Aramco Services Company, have signed a heads of agreement (HOA)

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Saudi Arabia’s energy minister recommends driving down oil inventories

47651533532 aafec71096 zKhalid Al-Falih, Saudi Arabia’s energy minister, has said that he recommended ‘gently’ driving oil inventories down at a time of abundant global supplies and that OPEC would not make hasty decisions on output ahead of the June meeting

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