Tuesday, May 13, 2025
Dr-Sultan-Ahmed-Al-Jaber---by-Hugues-bouayed

ADNOC invests $245 million to upgrade main oil lines and Jebel Dhanna Terminal

Oil & Gas The EPC contracts have a combined value of around $245 million and were awarded to China Petroleum Pipeline Engineering Company Limited – Abu Dhabi and Abu Dhabi-based Target Engineering Construction Co. L.L.C. ADNOC Onshore, a subsidiary of the Abu Dhabi National Oil Company (ADNOC), announced today, the award of two engineering, procurement, and construction (EPC) contracts to

PetroBras-oilandgas360

Brazil: Petrobras starts binding phase for the sale of its stake in Espirito Santo Basin blocks

Petrobas Perobas following up on the release dated June10, 2020, informs the beginning of the binding phase regarding the sale of a part of its interest in the exploratory blocks belonging to the concessions ES-M-596-R11, ES-M-598-R11, ES-M-671-R11, ES-M-673-R11 and ES-M-743-R11, located in the Espírito Santo Basin. Potential buyers qualified for this phase will receive a process letter with detailed instructions on the divestment

Iran launches phase 1 of Qeshm oil export terminal -oilandgas360

Iran launches phase 1 of Qeshm oil export terminal with 3.24 mn bl

Argus Dubai, 13 September (Argus) — Iranian president Hassan Rohani has inaugurated the first phase of a new oil export terminal on Iran’s Qeshm island, at the mouth of the Gulf of Oman. The Direstan terminal is being built on a 177-hectare site on the island’s southern coast, and will add just shy of 6.5mn bl to Iran’s onshore liquids

Why Central Banks are talking up the importance of climate change action — and pouring money into fossil fuels- oil and gas 360

Kansas City Southern rejects Blackstone’s $20B bid; Apollo, Lone Star eye Asda

S&P Two private equity-backed blank-check companies filed for an IPO this week, the latest in a streak raised by the asset class. Technology-focused Vector Capital’s Vector Acquisition Corp. filed for an IPO of as much as $300 million, with upstream, midstream and oilfield services-focused Carnelian Energy Capital’s Peridot Acquisition Corp. also filing for an IPO of up to $300 million. CVC Capital Partners Ltd., Leonard Green & Partners LP and Bain Capital Pvt. Equity

OPEC+ meets to review compliance with oil cuts- oil and gas 360

Faltering oil demand puts new pressure on OPEC+ production agreements

Bloomberg It was meant to be the week when OPEC nations gathered in Baghdad to celebrate the cartel’s six decades as a dominant force in global oil markets. Instead, the Organization of Petroleum Exporting Countries and its allies will convene online, and reflect on whether the coronavirus has thwarted their best efforts to keep the market afloat. After reviving crude

Nigeria likely to suffer $15.4bn loss in crude oil earnings -oilandgas360

NNPC gives reasons for shutting down all refineries

Energy Mix The Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari, says the four oil refineries in the country have been shut down in Port Harcourt, Warri and Kaduna. Kyari said this on Channels Television’s Politics Today programme on Wednesday. He explained that all four refineries were functioning below capacity and it had thus become necessary to