International

ENOC Group records increase in storage demand globally

ENOC Group, the wholly-owned Dubai government entity, has reported a significant surge in the demand of storage capacity across its terminals in the UAE, Saudi Arabia, Singapore, Morocco and Djibouti.

Energean Announces the Completion of a Key Milestone in the Karish and Tanin Development Project

Energean plc (LSE: ENOG, TASE: ,)אנאגthe oil and gas producer focused on the Mediterranean, is pleased to announce the completion of a key milestone in the Karish and Tanin Development project, offshore Israel.

Saudi Arabia and Kuwait working to restart Neutral Zone Wafra field

Saudi Arabia and Kuwait are "working very hard" to reopen the onshore Wafra oil field in the Neutral Zone shared between both countries, a source directly involved in the project said June 21.

Total Piles Into North Sea Oil as OPEC+ Cuts and Demand Gains

Europe’s biggest oil refiner is making an unusual foray into the North Sea crude market as a recovery in the continent’s fuel demand gathers pace at a time when the number of cargoes available from nearby producer regions is increasingly becoming constrained.

Eni Considers Pakistan Exit After 20 Years

Italy’s Eni SpA is weighing a sale of its energy exploration and production assets in Pakistan after operating in the country for about 20 years, people with knowledge of the matter said.

Aramco completes acquisition of 70% stake in SABIC

Aramco announced the successful completion of its share acquisition of a 70 per cent stake in Saudi Basic Industries Corporation (SABIC) from the Public Investment Fund (PIF), the sovereign wealth fund of Saudi Arabia, for US$69.1 billion.

Oil prices fall as coronavirus case surge heightens demand fears

Oil prices slipped on Thursday on concerns that a spike in new coronavirus cases in China and the United States could dampen a recovery in fuel demand, even as lockdowns ease.

Oil Giant Saudi Aramco Completes $70 Billion Takeover of Sabic

Saudi Aramco has given itself more time to pay for an almost-$70 billion acquisition of Saudi Basic Industries Corp. as this year’s slump in oil prices stretches its finances.