Samsung Engineering has been awarded two contracts worth US$500 million from subsidiaries of Thailand's state-owned oil and gas company PTT for a petrochemical project and a power generation project located in Rayong, 150 km southeast of Bangkok.
Sadara Chemical Company (Sadara), a US$20 billion joint venture between Saudi Aramco and U.S. firm Dow Chemical has commissioned the last of 26 plants at its petrochemicals complex in Jubail, Saudi Aramco said.
DNO ASA, Middle East and Africa-focused oil and gas firm has submitted the result of its feasibility studies on Iran's Changuleh Oilfield to the National Iranian Oil Company (NIOC), Iranian oil ministry said.
The INPEX-operated Ichthys LNG Project has welcomed the floating production, storage and offloading (FPSO) vessel Venturer from South Korea that will process and store the condensate from the Ichthys Field.
Delegates at this year’s Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) will have more opportunities than ever to hear some of the oil and gas industry’s most powerful executives speak in open-invite conference sessions, after organisers confirmed they will increase the number of Global Business Leader panels for 2017.
Reaching oil-market rebalancing could go beyond the first quarter of 2018 despite a drawdown in global crude inventories, unless producers are convincing in their joint production cut efforts, International Energy Agency said in its August report.
OPEC oil output rose for a third straight month, up by almost 173,000 barrels per day (bpd) in July due to production increase in Libya, Nigeria and Saudi Arabia - the group’s current leader heralding a production cut.