ADNOC signs major offshore concession agreements with Total
19 March, 2018
The Abu Dhabi National Oil Company has signed agreements with Total, awarding the French supermajor stakes in two Abu Dhabi offshore concessions.
Statoil to change name to Equinor
15 March, 2018
Norwegian energy giant Statoil has decided to change its name to Equinor to reflect its development as a broad energy company.
PetroVietnam starts work on US$5.4bn Long Son petrochemical complex
28 February, 2018
Vietnam’s state-owned oil and gas firm PetroVietnam, in partnership with Thailand's Siam Cement Group, have begun construction of the US$5.4bn Long Son petrochemical complex in the southern province of Ba Ria-Vung Tau, Vietnam.
Cepsa acquires offshore Abu Dhabi stake in US$1.5bn deal
21 February, 2018
Spanish multinational oil and gas company Cepsa has acquired from ADNOC a 20% share in a concession of two oil fields offshore Abu Dhabi in a deal worth US$1.5bn.
Germany reaches 5.3GW in installed offshore wind capacity test
18 January, 2018
Germany installed 1.25GW of new offshore wind capacity in 2017, bringing the total to over 5.3GW. test
Oil price hits 3-year high of US$70 per barrel
12 January, 2018
The price of Brent crude has climbed to US$70 a barrel for the first time in three years.
Siemens Gamesa lands Egypt turbine order
04 January, 2018
Wind power specialist Siemens Gamesa has secured an order to supply turbines totalling 262.5MW to Ras Ghareb Wind Energy’s Gulf of Suez wind farm in Egypt.
France becomes first country to end oil and gas production by 2040
21 December, 2017
France has become the first country to end oil and gas exploration and production on French territories by 2040.
TechnipFMC awarded US$4.2bn Bapco Sitra refinery expansion contract
05 December, 2017
London headquartered TechnipFMC, in partnership with Samsung Engineering and Tecnicas Reunidas, has been awarded a US$4.2bn contract from Bahrain Petroleum Company for the Sitra refinery expansion project.
ADNOC confirms US$109bn of CAPEX over the next 5 years
28 November, 2017
State-owned Abu Dhabi National Oil Company has announced that it will spend US$109bn on upstream and downstream activities over the next five years.
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