Offshore - Oil & Gas

  • ONGC to spend $6.5 billion to boost oil, gas...

    India’s state-owned Oil and Natural Gas Corp. (ONGC) intends to spend approximately $6.51 billion to develop new oil and gas fields as well as redevelop mature fields in an attempt to increase its petroleum production.

  • Abu Dhabi pumps up oil investment

    Plans by Abu Dhabi to invest more than $25bn over the next five years to increase offshore oil production capacity look set to secure the emirate’s position as a leading oil producer, amidst a global decrease in oil and gas capital expenditure.

  • Mideast oil powers Saudi Arabia, UAE to cut...

    Middle Eastern oil producers Saudi Arabia and the United Arab Emirates will sharply cut or even halt costly gasoline imports next year after ramping up new refining capacities that put them a step closer to becoming exporters of the motor fuel.

  • ENOC Lubricants expands to Jebel Ali facility

    ENOC Lubricants & Grease Manufacturing Plant has opened its second blending location in the UAE in the Jebel Ali free zone – raising ENOC’s lubricant production capacity above 300,000 tonnes a year.

  • Petrofac awarded engineering and procurement...

    Petrofac, the international service provider to the oil and gas industry, has been awarded an engineering and procurement contract by Petroleum Development Oman (PDO) to provide services for its Yibal Khuff project, a field located approximately 350 km south west of Muscat in the Sultanate of Oman.

  • Asia drills into fresh UAE oil opportunities

    The talk of the oil town is the increase in Asian involvement in the UAE’s hydrocarbons sector, particularly after the first awards were announced for the highly anticipated Adnoc main onshore concession.

  • Shell to be BMW Group's Recommended Oil...

    Shell today announces that it has been chosen by BMW AG as its only recommended global supplier for aftermarket engine oils for the following BMW brands: BMW, BMW i, BMW M, MINI and BMW Motorrad.


India's oil imports up 7.2pc; Saudi top seller

India's shipped-in 7.2 per cent more oil in November compared with a year ago, ship tracking data obtained from sources and compiled by Thomson Reuters Oil Research & Forecasts showed, with Iran's share in the overall imports declining to its lowest level in eight months.

India has slowed down imports from Iran to restrict annual shipments to within the permissible limits of Western sanctions.


Oman to charge plastics complex $5 per MBTU of gas

Oman will charge state-owned Oman Oil Refineries and Petroleum Industries Co (Orpic) $5 per million British thermal units (MBTU) of gas at the Liwa plastics complex, instead of the standard $3, the undersecretary of oil and gas said on Thursday.