The assassination of top Iranian military commander Qassem Soleimani by a pre-dawn American air raid near Baghdad airport on Friday has caused a remarkable spike in Brent crude prices, taking it to over US$70 on Monday 6 January, according to a report by CITYA.M., the first time Brent crude has exceeded the US$70 threshold since September
Industry
Total and Sonangol to develop retail operations in Angola
Total has announced the closing of the agreement signed on 21 December 2018 with national oil company Sonangol to develop petroleum product retail operations in Angola
APICORP supports development of Algeria’s energy sector
The Arab Petroleum Investments Corporation (APICORP) has agreed to two loan facilities worth a combined US$250mn with Sonatrach Petroleum Investment Corporation (SPIC), a subsidiary of Sonatrach International Holding Corporation owned by Sonatrach, the Algerian state-owned national oil company
Honeywell acquires Rebellion Photonics to maximise operational performance
Honeywell has acquired Rebellion Photonics, a Houston-based provider of innovative, intelligent, visual gas monitoring solutions with an aim to maximise safety, operational performance, emissions mitigation and compliance in the oil and gas, petrochemical and power industries
‘Delays loom for LNG and deepwater oil and gas projects as bottlenecks restrain service industry’
About 250 new oil and gas projects are likely to be sanctioned for development in 2020, up from 160 in 2016, and bottlenecks among suppliers appear inevitable, according to Rystad Energy
More Articles …
