International

EU Closes In on $60 Cap for Russian Oil as Deadline Looms

European Union states are starting to coalesce around a plan to cap the price of Russian crude oil at $60 a barrel, their latest attempt to clinch an agreement before a Monday deadline, according to people familiar with the matter.

Qatar signs world’s longest gas supply deal with China

The deal "marks the longest gas supply agreement in the history of the LNG industry"

BP extends EPC contract deal with Worley-STS joint venture in Oman

Australia-based global engineering services company Worley said that its joint venture in Oman with Special Technical Services (STS) has received a two year contract extension to provide engineering, procurement and construction (EPC) services to BP Khazzan Gas assets.

Oman: OQ’s Bisat oilfield’s third crude processing plant begins operations

OQ, Omani government-owned integrated energy group, announces the start of operations at the third crude oil processing plant at Bisat oilfield, located in its Block 60 concession

Egyptian petroleum sector sign 7 carbon-cutting deals with global companies at COP27

Egyptian gas and petroleum companies signed on Saturday seven memorandums of understanding (MoUs) and agreements with a number of international companies on the sidelines of the ongoing 27th UN Climate Change Conference (COP27) in Sharm El-Sheikh.

Adnoc, ADQ launch next phase of growth for Taziz project

The centrepiece of the expansion will be a new world-scale, low-carbon footprint steam cracker to supply feedstocks for the various downstream production units

BP to Acquire US Biogas Producer Archaea for $4.1 Billion

BP Plc agreed to acquire biogas producer Archaea Energy Inc. for about $4.1 billion including debt, the latest step in the UK energy giant’s expansion into into lower-carbon fuels.

Qatar energy chief says oil and gas trade should be depoliticized

The comments by Kaabi come ahead of a Gas Exporting Countries Forum (GECF) meeting in Egypt and echo the views of many industry players who fear a G7 price cap on Russian oil could paralyse the trade worldwide.