08 October 2024
08 October 2024
The North African nation has struggled with political instability since the ousting of Muammar Gaddafi in 2011.
The US oil giant has closed its Blind Faith platform and evacuated staff as the category five storm approaches.
The company expects its gas trading performance to remain steady, potentially exceeding market expectations.
The transaction includes a 20% non-operated interest in the Athabasca Oil Sands Project and a 70% operated stake in the Duvernay shale and related assets.
McDermott plans to use the proceeds from the sale to repay CB&I's term loan, cash collateralise certain letters of credit and reduce an existing term loan.
Saudi Aramco’s decision to invest in crude-oil-to-chemicals (COTC) refineries could signal a readjustment in the global oil market as the demand for petroleum-based fuels gradually falls.
The company will invest a minimum of $10bn (SR37.55bn), with the potential for this amount to increase in the future based on demand.
The TechnipFMC contract for the Kaskida development will incorporate the design and fabrication of subsea production systems.
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