Amid growing tension between Iraq and its autonomous region of Kurdistan, Russian oil company Rosneft signed on Wednesday the terms making effective the production sharing agreements (PSA) for five production blocks in the Kurdish region.
The Turkish port of Ceyhan, the gateway for Kurdish crude oil exports, received late on Thursday an empty 830,000 barrels tanker from Spain, the first to moor at the facility in two days, Kallanish Energy learns from TankerTrackers.com.
Partners Total and Saudi Aramco are discussing an expansion project to increase the capacity of their joint venture refinery in Saudi Arabi by roughly 10%, Total’s CEO Patrick Pouyanne said on Wednesday.
China is offering to buy up to 5% of Saudi Aramco directly, sources told Reuters, a move that could give Saudi Arabia the flexibility to consider various options for its plan to float the world's biggest oil producer on the stock market.
Saudi Aramco has asked FTI Consulting to halt its investor relations advisory work related to the company’s planned initial public offering (IPO), Reuters reported on Tuesday citing people familiar with the matter.
Abu Dhabi National Oil Co. (ADNOC) has launched a new unified brand, bringing together its subsidiaries companies under one common identity, in a move to “focus on the future,” the company said on Monday.
Geopolitics tensions in the Middle East continued to support crude futures, with U.S. oil prices nearly rising to a six-month high on Monday following concerns Iraqi and Kurdish forces could ignite in a civil war.
UK’s engineering consultant Petrofac has won a three-year, undisclosed contract with Gazprom Neft to provide engineering services on a call-off basis for the Kurdish onshore Garmian oilfield, Kallanish Energy learns.