Rigzone Industry News

The joint effort will focus on data quality, value, and efficiency.

Under the terms of the HoA, Aramco expects to purchase 1.2 million metric tons per annum (mtpa) of LNG for 20 years on a free on board basis, at a price indexed to Henry Hub.

The project will procure highly specialized equipment and materials and will see 55 percent of the EPC award value flow back into the UAE's economy.

'On a quarterly basis, oil prices look weak', Morningstar analysts said.

Eni received $421.9 million from institutional investors in the transaction.

Hibiscus Petroleum agreed to buy TotalEnergies EP (Brunei) for $259.4 million.

China's decades-long boom in oil processing could falter this year in a blow to global demand and the aspirations of OPEC+ producers seeking to return supply to the market.

Standard Bank, Africa's biggest lender, in 2021 hired an independent adviser to help it decide on involvement in the project.

Phillips 66 launched an open season for its Blue Line System, offering shipping services for liquid products from Wichita, Kansas, to Jefferson, Missouri, and East St. Louis, Illinois.

Oil steadied after strong gains to start the week, with US economic data signaling inflation is cooling while Russia agreed to dial back output.