The sale, reported by industry publication International Oil Daily, was finalised late in 2016, though it remains unclear how much OMV paid
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ADNOC signs agreement for oil reserve in India
The agreement with ISPRL covers the storage of 5.86mn barrels of ADNOC crude oil in underground facilities, at the Karnataka facility
KOC declares state of emergency over oil leak
A statement by the Kuwait Oil Company did not identify the onshore field affected by the leak, which began earlier in the week
Al Falih says 1.5mn bpd of oil off the market now
Saudi Energy Minister said that there had been “very strong compliance” by OPEC and non-OPEC oil countries to the production cuts agreed on in December, and that the producers had gone “extra miles”, with the majority exceeding their commitments
ABB delivers E-House to UAE offshore oilfield
ABB has shipped the first batch of nine electrical houses (E-Houses) to enable reliable power supply to offshore oilfield in the UAE
Aramco to build oil, gas capacity to meet demand
Saudi Aramco chief executive Amin Nasser says the world will need to invest $25tn in new oil capacity over the next 25 years to meet demand
China’s oil collapse could help OPEC
OPEC’s campaign to prop up oil prices is getting unlikely support from its biggest customer, according to Bloomberg.
Iran’s Oil, gas revenues to hit $41bn in 2016-17
For the first nine months of the current Iranian fiscal year, oil revenues reached $24.7bn
Oil to dominate over renewables, says Aramco CEO
World needs to invest $25 trillion in new oil capacity over next 25 years, Amin H. Nasser says at World Economic Forum in Davos
Inpex, ADNOC to extend joint oilfield development
The development of the Satah and Umma Al Dalkh fields will be extended from March 8, 2018, to the end of 2042