The company plans to issue a $10bn bond in the second quarter of 2019, to help fund its acquisition of a controlling stake in Saudi chemicals giant Sabic
The ministry said this falls within its strategy to "achieve optimum economic utilisation of all potentials and natural resources to contribute to the sustainable development of Egypt"
Phoenix Contact is working with Amazon Web Services
Rystad Energy forecasts Oman's oil output to slump as older fields continue to age, and investments go into developing gas fields
A 20-year gas sales agreement was signed between Pearl Petroleum and KRG, which will provide an additional 250 MMscf/day in gas sales to fuel local power plants
Young STEM talent also associate the oil and gas industry with high salaries and see it as an industry that is invaluable
The company found that while industry leaders see the importance of integrating digital transformation for operational excellence, challenges persist in the path to the digital oilfield
Oman's Ministry of Oil and Gas tweeted out the announcement
The underground facility will have a capacity of 42mn barrels of crude oil in three caverns
The company's president of well construction noted that it was ready to "pursue all legal remedies now and in the future against any and all acts of intellectual property infringement.”
Saudi Arabia is expected to contribute one fifth of global FID volumes, according to Rystad Energy
Transaction marks the first midstream infrastructure partnership by leading global institutional investors and a national oil company in the Middle East
The field was shut down for repairs after a vessel's anchor cut a power cable
Khalid Al-Falih, Saudi Arabia's energy minister, is hopeful that an agreement can be reached with Kuwait to restart production in the Neutral Zone
Decommissioning obligations in the global oil and gas industry rose to $11.7bn last year and are projected to hold steady at an average of about $12bn per year from 2019 through 2021, according to Rystad Energy.