SNC-Lavalin announces that it has been awarded a general engineering, project management and technical support services contract from Al Yasat Petroleum, a joint venture between Abu Dhabi National Oil Company (ADNOC) and China National Petroleum Corporation (CNPC), with an estimated value of approximately $52 million CAD.

Under the three-year agreement, extendable for two years, SNC-Lavalin will partner with"...

TOKYO: Oil prices traded higher on Wednesday after an industry report said US crude stockpiles fell last week by more than twice the amount that analysts in a Reuters poll had forecast.
Brent crude futures rose 51 cents, or 0.6 per cent, to $62.89 a barrel by 04:05 GMT, while West Texas Intermediate (WTI) futures were up 54 cents, or 0.9 per cent, to $57.94 a barrel.
Prices had ended lower on Tuesday, squeezed by speculation of sanctions-hit Iranian crude returning to the market following US President Donald Trump’s"...

What are the tasks of Mahrukat Company?

The Mahrukat Company was established in 1974. It is one of the Ministry of Petroleum and Mineral Resources’ companies. It has a direct relation with citizens and all economic, industrial and services sectors in Syria.

Mahrukat transports stores and distributes the following oil products: Gasoline (all kinds), Gasoil, Diesel"...

When it comes to oil majors and climate change, there are two camps. Predominantly American players like Exxon Mobil seem to be ignoring the imperative to get their business models aligned with limiting global warming to well below 2 degrees Celsius.
European peers like Royal Dutch Shell appear much more engaged with the objectives of the so-called Paris agreements from 2015. New research implies a pox on both houses.
In one sense, Europe deserves its moral crown.
Shell and Total are looking at how to address"...

Oman Oil and Orpic Group, the Sultanate’s newly established integrated energy conglomerate, has signed an agreement with South Korean engineering contracting SK Engineering & Construction (SKEC) to support the development of oil storage and terminaling business opportunities at the Special Economic Zone (SEZ) in Duqm.
A Memorandum of Understanding (MoU) to this effect was signed recently by Talal al Awfi, Chief Commercial Officer — Oman Oil and Orpic Group.
“Both parties will work closely"...

Abu Dhabi, 9th September, 2019 (WAM) -- The future of Middle East economies lies in natural gas, Majid Jafar, CEO of Crescent Petroleum, told an audience of energy ministers and industry leaders gathered in Abu Dhabi for the World Energy Congress on Monday.

Jafar, who leads the Middle East's first and largest private upstream company and serves as Board Managing Director of Dana Gas, made his comments in a special session entitled 'The role"...

Global investment in new capacity for renewable energy is on course to reach $2.6 trillion by the end of this decade, more than triple the amount of the previous decade, with more gigawatts of solar power capacity installed than any other generation technology, according to new figures published by the UN Environment Programme.

According to the Global Trends in Renewable"...

Damascus, SANA-Ministry of oil and Mineral Resources signed on Monday three contracts with Russian companies in the field of gas and oil on the sidelines of the 61st round of Damascus International Fair.

“We have signed three contracts with Russian companies in the domain of survey, drill and production in the oil and gas sectors in the central and eastern regions of Syria,” Minister of Petroleum Ali Ghanem said.

He"...

The General Company for Electricity of Daraa has restored electricity to the villages and towns of Ayn Zikr, Al-Bakar Al-Gharbi, Al-Bakar Al-Sharqi and Al-Abdali in Daraa countryside after it was cut for several years because of terrorism.

The Director General of the company, Ghassan Al-Zamil, told SANA today that the electricity workshops in cooperation with the local community have exerted great efforts to restore electricity to the villages and

SAO PAULO: Brazil’s ethanol industry is looking to grab a chunk of China’s ethanol market as the Asian nation targets a 10 per cent blend in gasoline to improve air quality, but a short-term jump in exports is unlikely, according to people following the matter.
China wants to add 10 per cent of ethanol to all gasoline used in the country by 2020, a policy that could sharply boost the country’s ethanol market and potentially increase imports, since local production capacity is too small to meet the"...