Eni, OMV acquire 35pc of Adnoc Refining
Italy’s Eni and Austria’s OMV have agreed to pay USD 5.8 billion to take a stake in Adnoc Refining, Abu Dhabi National Oil Company’s refining unit.
Oil and Gas
Al Huthaili joins Duqm Refinery as CEO from Oxea
Dr. Salim Al Huthaili, the CEO of Oxea, a global manufacturer of oxo intermediates, will join Duqm Refinery as CEO in January 2019.
Musab Al Mahruqi returns to Oman Oil as Group CEO
Oman Oil Company (OOC) and Oman Oil Refineries and Petroleum Industries Company (Orpic) announced the appointment of Musab Al Mahruqi as the new Group CEO.
Abu Dhabi SPC approves Adnoc’s new strategy
Abu Dhabi’s Supreme Petroleum Council (Abu Dhabi SPC) approved ADNOC’s new integrated gas strategy and plans to increase its oil production capacity.
Baker Hughes acquires five percent of ADNOC Drilling
Oil services provider Baker Hughes will pay $550 million for a five per cent stake in ADNOC Drilling, Abu National Oil Company’s drilling subsidiary.
Qatargas signs LNG deal with PetroChina
Qatargas signs a long-term sale and purchase agreement with PetroChina International Company to supply China with 3.4 million tonnes of LNG per year.
Saudi Aramco, ACWA Power, Air Products to form JV
Saudi Aramco, ACWA Power, and Air Products to form an over $8 billion Gasification/Power joint venture (JV) located at Jazan Economic City in Saudi Arabia.
Saudi Aramco, National Oilwell Varco announce joint venture
Saudi Aramco and National Oilwell Varco to form a joint venture partnership to establish an on-shore rig and equipment manufacturing and aftermarket facility in Ras Al-Khair.
Adnoc, Saudi Aramco sign deal to invest in India’s refinery plant
Adnoc, Saudi Aramco will jointly invest in the $44 billion Ratnagiri refinery and petrochemical complex that is coming up in the Western Indian state of Maharashtra.