BlackRock, Saudi asset manager Hassana sign deal for Aramco’s gas pipelines

Reuters

Saudi Aramco said on Monday it has signed a $15.5 billion lease-and-leaseback deal for its gas pipeline network with a consortium led by BlackRock Real Assets and state-backed Hassana Investment Co.

Gulf oil producers are looking at sales of …

Digital oilfield technologies taking the industry closer to unmanned operations, says GlobalData

World Oil

Oil majors are looking to automate their assets to reduce the impact of demand fluctuation on revenues, according to GlobalData.

The company notes that COVID-19 has been a wake-up call to the upheaval that a sudden drop in …

Global oil CEOs stress need for fossil fuels despite push for cleaner energy

Reuters

HOUSTON -A global energy conference devoted to future technologies and low-carbon strategies kicked off in Houston on Monday with top executives from energy companies affirming the need for more oil for decades to come.

The World Petroleum Conference’s four …

Chevron’s Angola subsidiary signs 20-year extension for Block 0

World Oil

LUANDA – Chevron’s subsidiary in Angola, Cabinda Gulf Oil Company Limited (CABGOC) has just renewed the concession of Block 0, located on Cabinda province’s offshore. The agreement, signed in Houston, United States of America, extends the concession for …

Mexico’s Pemex to issue new debt as $3.5 bln cash injection planned

Nasdaq

Dec 6 – Petroleos Mexicanos (Pemex) said on MondayPEMX.ULit will issue new debt and that the Mexican government plans to inject up to $3.5 billion into the state oil company to help manage its liabilities.

In a …

Shell evacuates Prelude floating LNG plant after power outage

World Oil

(Bloomberg) –Royal Dutch Shell Plc has evacuated non-essential staff from its floating liquefied natural gas facility in northwest Australia as the operator struggled to restore power that knocked out operations earlier in the week, according to people familiar …