Saudi Aramco recently completed its acquisition of a further 22.5 per cent stake in Petro Rabigh from Japanese corporation Sumitomo Chemical for $702 million. Continue reading Middle East oil major increases stake in petrochemical company
The world’s largest independent lubricant maker, Fuchs SE, has confirmed it will take over Aseol Suisse AG, its longstanding distribution partner in Switzerland. The acquisition is expected to further expand the presence of Fuchs in the lubricant market. Continue reading Fuchs acquires long standing distribution partner
Eight of the OPEC+ countries participating in the current tier of voluntary production cuts have announced a further 137,000 barrels per day (bpd) in crude oil production. Continue reading OPEC+ agrees further output hike
UK-based Shell is set to double the production of liquefied natural gas (LNG) at LNG Canada. Continue reading Shell to double LNG Canada output
Before purchasing oil from leading brands like Fuchs and Kluber, it is advisable to examine the ISO number. Continue reading What does the ISO number on oil mean?
Reuters reports that it is likely that it will add some further production at its next meeting. Continue reading OPEC+ planning further production increase
According to the country’s oil minister, Kuwait’s oil production capacity has risen to its highest level in more than 10 years. Continue reading Kuwait reports higher production capacity
Darren Woods, the CEO of ExxonMobil, has denied that the oil major has any plans to Continue reading Exxon boss denies Russia return
Mike Wirth, the CEO and chairman of Chevron, has predicted that oil and gas will continue to be in demand for the foreseeable future. Continue reading Chevron boss says oil and gas here to stay
France-based TotalEnergies has announced the start of construction on two projects aimed at increasing the production of natural gas in Iraq. Continue reading TotalEnergies starts building on two Iraq projects
