Saudi Arabia's Aramco completed its $3.4 billion purchase of Rongsheng Petrochemical stake.
Armco will supply Zhejiang Petroleum and Chemical Co. Ltd. 480,000 bbl/d of crude oil in a long-term sales agreement.
The transaction represents continued growth of Aramco's downstream presence in China.
Armco purchased 10% interest in Rongsheng through its subsidiary Armco Overseas Co. BV, based in the Netherlands.
2023-12-05 - Alexander J. Reyes, CNX Resources Corp.'s former executive vice president of general counsel and corporate secretary, is leaving CNX after 16 years.
2023-12-01 - COP28 gives the private sector—including those from the oil and gas industry—and other delegates an opportunity to chime in on the global climate agenda set by world leaders.
2023-12-01 - Advisers need to sharpen their pencils at the negotiation table, E&P operator Bryan Sheffield said — because “all you're going to do is upset your seller by promising a market that isn't there. No one's going to pay you.”
2023-11-30 - International Petroleum Corp. previously announced William Lundin’s appointment to the board effective Jan. 1, 2024. With both Starkman and Lundin’s addition, IPC’s board will be increased to eight directors.
2023-11-28 - Petrobras plans to invest $102 billion between 2024-2028 under its new strategic plan, up 31% compared to their 2023-2027 plan, aiming to achieve production of 3.2 MMboe/d by the end of the five-year timeframe.