Category: Supply Chain
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Equinor has made a minor discovery, drilled dry well in North Sea
Equinor Energy AS, operator of production license 630, has completed the drilling of wildcat wells 35/10-4 S and 35/10-4 A. The wells were … ›
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Saudis are said to target U.S. with sharp oil export cut
After flooding the U.S. market in recent months, Saudi Arabia plans to slash exports to the world’s largest oil market in the coming … ›
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Aramco may list downstream oil assets after acquiring chemical firm SABIC, strategists say
Restructuring the Aramco listing along those lines may make it more appealing to potential investors who have voiced skepticism about Saudi … ›
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Saudi Arabia is slashing oil shipments to US, a tactic that boosts prices and may rile Trump
Saudi Arabia is loading fewer barrels on ships bound for the United States, a tactic that has boosted oil prices in the past. Sending less … ›
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Oil rises for a fourth day, buoyed by OPEC supply plans
OPEC is expected to cut supply to prevent glut. Russia says it will discuss a deal with OPEC on December 6. Japan is set to restart Iran oil … ›
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U.S. sanctions on Iran trouble refiners over condensate imports
South Korean refiners and petrochemical companies are struggling to diversify imports of ultralight crude following the U.S. reimposition of … ›
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Saudi Aramco, China’s Hengli Petchem agree 130,000 bpd oil supply deal
China’s private chemical group Hengli Petrochemical said it has entered an annual crude purchase deal with Saudi Aramco for 2019 … ›
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Israel Chemicals signs more Chinese potash contracts
After signing potash supply deals last month with customers in China for up until June 2019, Israeli fertilizers and minerals producer … ›
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Praxair to supply industrial gases to new Chinese chemical facility
US-based company Praxair has signed an agreement to supply oxygen and other industrial gases to a new chemical facility of Shanghai Huayi in … ›