OMV and Mubadala complete Borealis transaction for $4.68bn

Abu Dhabi-based Mubadala Investment Company, and Austria OMV, have completed the transaction for OMV to acquire an additional 39 per cent stake in chemical company Borealis from Mubadala.

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BP to close Australian oil refinery, losses seen outlasting pandemic

BP plc plans to stop producing fuel in Australia and will convert its loss-making Kwinana oil refinery, the biggest of the country four, into a fuel import terminal because of tough competition in Asia, the global major said on Friday.

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Petronas is Asia first oil company to set net zero target

Malaysian state-owned energy firm Petronas has declared that it will be carbon neutral by 2050.

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Equinor third quarter 2020 results

Equinor reports adjusted earnings of USD 0.78 billion and USD 0.27 billion after tax in the third quarter of 2020. IFRS net operating income was negative USD 2.02 billion and the IFRS net income was negative USD 2.12 billion, following net impairments of USD 2.93 billion mainly due to reduced future price assumptions.

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ADNOC says looking to boost India SPR footprint amid policy change

Abu Dhabi National Oil Co., the UAE largest oil producer and the only overseas company with crude stored in India caverns

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Equinor gains drilling permit for Barents Sea well

The Norwegian Petroleum Directorate (NPD) has granted Equinor a drilling permit for a well located in the Barents Sea off Norway.

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Russian oil tanker suffers explosion, fire in Sea of Azov

A Russian oil tanker experienced an explosion in the Sea of Azov and an operation to rescue three of its crew members was underway Saturday, officials said.

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Total Considers Investing in Iraqi Natural-Gas Projects

Total SE is considering natural-gas investments in Iraq, according to the Middle Eastern nation’s government.

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