Aramco to provide up to 50 per cent for RAPID oil refinery KUALA LUMPUR, Feb 27 (Reuters) – Malaysia’s Prime Minister Najib Razak announced on Monday that Saudi Arabia’s state oil company Saudi Aramco will invest $7 billion into the RAPID oil refinery and petrochemical project in Malaysia’s southern state of Johor. Najib said the decision […]
Saudi Aramco to invest $7 billion in Petronas RAPID oil refinery Read More »
Shell, ENI oilfield assets seized during corruption investigation By Camillus Eboh ABUJA, Feb 27 (Reuters) – A Nigerian court will rule on March 13 on a request by Royal Dutch Shell and Italy’s Eni to lift the temporary seizing of a long-disputed oilfield, a judge said on Monday. The court last month ordered the temporary seizing
Nigerian court to rule on March 13 on Shell, ENI dispute with authorities Read More »
Pemex crude production down by 5 per cent in 2016 By David Alire Garcia MEXICO CITY, Feb 27 (Reuters) – Mexican state-owned oil company Pemex on Monday reported a much smaller fourth-quarter loss, due in large part to higher crude prices. The loss narrowed to $1.58 billion (32.6 billion pesos) from $9.8 billion a year
Pemex sharply reduces losses as oil prices rise Read More »
Rotork reported 8 per cent rise in full-year revenue By Abhijith Ganapavaram Feb 27 (Reuters) – Valve-control systems maker Rotork Plc posted an 8 per cent rise in full-year revenue and said it would benefit from U.S. President Donald Trump’s move to encourage shale and pipeline activity and investment in infrastructure. “(Trump) is encouraging activity
Rotork revenue rises; to benefit from Trump moves on shale, pipelines Read More »
Russia oil production cuts to be over 117,000 b/d in February By Olesya Astakhova SOCHI, Russia, Feb 27 (Reuters) – Russia oil production may be cut as part of an OPEC-led agreement designed to boost prices faster than it had previously expected, if its domestic companies are able, Energy Minister Alexander Novak said on Monday. Russia
Russia oil production cuts may be accelerated Read More »
Aramco IPO expected to be a five per cent stake in state-owned company By Michelle Price HONG KONG, Feb 27 (Reuters) – Hong Kong’s stock exchange will bank on its role as a gateway to mainland China’s deep-pocketed investors to take on other leading venues and win the coveted $100 billion listing of Saudi Arabia’s
Hong Kong pins Aramco IPO hopes on China’s deep pockets Read More »
Total eyes cut-price stake in partially built Iranian LNG export facility By Oleg Vukmanovic and Bate Felix MILAN/PARIS, Feb 27 (Reuters) – Total is in talks to buy a multi-billion dollar stake in Iran’s partly-built liquefied natural gas (LNG) export facility, Iran LNG, seeking to unlock vast gas reserves. The French oil major — the first
Total in talks to buy Iranian LNG project-sources Read More »
Increase in Saudi Arabia gasoline prices part of reform plan By Reem Shamseddine KHOBAR, Saudi Arabia, Feb 27 (Reuters) – Saudi Arabia may increase its domestic gasoline prices by 30 per cent from July, industry sources said, part of a reform plan by the world’s top oil exporter to align its fuel prices with global benchmark
Saudi Arabia gasoline prices may rise by 30 per cent from July Read More »
Oil prices up as UAE, Iraq pledge to catch up with output cut targets By Scott DiSavino NEW YORK, Feb 27 (Reuters) – Oil prices ended little changed on Monday as the prospect for U.S. crude production to continue growing offset reports of high compliance to the OPEC production cut agreement and record bullish bets that
Oil prices steady as rising U.S. output offsets record bullish bets Read More »
If the Alberta NDP love oil and gas sector as much as they say, why not actively court its votes? Bill Paxton, the respected American actor, died Saturday at 61. His death got me thinking about his role as the Mormon polygamist Bill Henricksen on the HBO drama Big Love, and how NDP Premier Rachel
Time for a Notley ‘Big Love’ strategy for Alberta oil and gas sector? Read More »
