Petrochemicals

Subsea 7 awarded contracts offshore Saudi Arabia

subsea 7Saudi Aramco has awarded two contracts to Subsea 7 for conventional projects in shallow water offshore Saudi Arabia

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ADNOC signs long-term agreement with China for base oil sales

25293144074 049edb8f4a zThe Abu Dhabi National Oil Company (ADNOC) announced that it has concluded a long-term sales agreement with Xiamen Sinolook Oil Co., of China, for its high-quality base oil, ADbase

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SABIC deal supports Aramco’s global expansion plans: Wood Mackenzie

2556524979 3e5648d202 zThe US$69.1bn contract between Saudi Aramco and Saudi Basic Industries Corporation (SABIC) is expected to help the Saudi oil giant to expand aggressively in the downstream sector and boost its profits

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Saudi Aramco buys US$69.1bn stake in SABIC

Aramco PIF photo 2Petrochemical firm SABIC announced that Saudi Aramco has signed a share purchase agreement to acquire a 70 per cent majority stake in SABIC from the Public Investment Fund of Saudi Arabia in a private transaction

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BP commits US$100mn to fund new emissions reductions projects

factory 1593842 640BP has established a US$100mn fund for projects that aim to deliver new greenhouse gas (GHG) emissions reductions in its upstream oil and gas operations

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