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Oil Price
Saudi Aramco Hikes Oil Prices to Asia for Second Consecutive Month
The pricing of Saudi crude oil generally sets the trend for the pricing for Asia of other Gulf oil producers such as the United Arab Emirates, Kuwait, Iraq, and…
Oman
Incident with Multiple Tankers in Gulf of Oman Raises Concerns in Oil Market
The status of at least four tankers in the Gulf of Oman is uncertain and another was reportedly hijacked by gunman believed to be from Iran.
Oil Field
Shell Greenlights Gulf of Mexico 'Whale' Oilfield Project
Royal Dutch Shell announced plans on Monday to develop a new oilfield in the Gulf of Mexico, its first major project to get the go-ahead since a Dutch court ord…
Crude Oil
Iran Opens New Oil Terminal in Bid to Bypass Crucial Strait of Hormuz for Exports
Iran on Thursday opened its first oil terminal in the Gulf of Oman, a move aimed at making Iranian President Hassan Rouhani’s regime less dependent on the Stra…
Oil Price
Oil Prices Drop After Saudi-UAE Reach Output Compromise
The deal between the two Gulf producers means that members of the Petroleum Exporting Countries (OPEC), Russia and other producers, a group known as OPEC+, will…
Oil & Gas Trade
Saudi, Oman Call for Continued Oil Cooperation Between OPEC and Allies
Saudi Arabia and Oman called on Monday for continued cooperation between OPEC and other allied producers to stabilise and balance the oil market.
Oil Price
Video: Oil Prices Pushed Up By Rivalry Between Saudi Arabia & UAE, Why Are These Two Gulf Nations Sparring?
A public rift between the UAE & Saudi Arabia over oil production quotas has led to soaring oil prices.
Oil Field
Lukoil to Operate Offshore Area 4 Project in Gulf of Mexico
PJSC LUKOIL announced the entry into an agreement to acquire the 50% operator interest in the Area 4 project in Mexico through the acquisition of the operator’…
Solar Company
LONGi Dominates Thailand Market as 182mm Module Leader
LONGi, the world’s most valuable PV technology manufacturer, has announced that its partnership with leading project developers such as Gulf and Green Yellow f…
Mexico
Mexican Oil Giant Says No Environmental Damage from Raging Gulf Fire
Just days after video of a massive ocean surface blaze near a Pemex oil platform in the Gulf of Mexico went viral, Mexico's national oil company has declared th…
Oil Pipeline
Video Shows Fire in Gulf of Mexico After Gas Pipeline Rupture
Mexico's state-owned oil company said Friday it suffered a rupture in an undersea gas pipeline in the Gulf of Mexico, sending flames boiling to the surface in t…
Oil Pipeline
Environmentalists Slam Mexico After Underwater Oil Rig Fireball in Gulf
Mexico’s state-owned oil company said Friday that an undersea gas pipeline ruptured near a drilling platform in the Gulf.
Oil&Gas Drilling
BP Starts up Manuel Project in Deepwater Gulf of Mexico; 20,100 boe/d
bp announced the safe start-up of the Manuel project in the US Gulf of Mexico, the fourth of five major projects expected to be delivered globally in 2021.
Oil Field
Iran Kickstarts Production At Giant Offshore Oilfield
Iran has started pumping oil at a giant new reservoir at the offshore Abuzar oilfield in the Gulf.
Pumped Storage
Hitachi ABB to Support First Ever Pumped Hydro Project in the Gulf
The Hatta pumped-storage power station is a first-of-its-kind project in the UAE and the Arabian Gulf region.
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