Anthony Di Paola
Middle East Energy Correspondent at Bloomberg News
Middle East Energy Correspondent for Bloomberg News @business. Views and opinions expressed are my own.
Articles
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2 days ago |
bloomberg.com | Yongchang Chin |Alex Longley |Anthony Di Paola
Crude oil storage tanks at Saudi Aramco's Ras Tanura oil refinery and oil terminal in Ras Tanura, Saudi Arabia. (Bloomberg) -- Saudi Aramco cut the price of its main oil grade to buyers in Asia after OPEC+ continued with its outsized output increases for a third month. The Saudis led the producer group over the weekend in agreeing to raise production by 411,000 barrels a day in July, a third straight month of outsized hikes.
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1 week ago |
news.bloombergtax.com | Anthony Di Paola
Adnoc Drilling Co. will pay $112 million for the majority of SLB’s drilling business in Kuwait and Oman, marking its first international rig acquisition as the company builds capacity beyond the United Arab Emirates. The deal, which values the entire venture at $160 million, won’t be the company’s last, Chief Financial Officer Youssef Salem said in an interview on Thursday. The company has already acquired technology applications and expanded into drilling unconventional wells.
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1 week ago |
news.bloomberglaw.com | Anthony Di Paola
Adnoc Drilling Co. will pay $112 million for the majority of SLB’s drilling business in Kuwait and Oman, marking its first international rig acquisition as the company builds capacity beyond the United Arab Emirates. The deal, which values the entire venture at $160 million, won’t be the company’s last, Chief Financial Officer Youssef Salem said in an interview on Thursday. The company has already acquired technology applications and expanded into drilling unconventional wells.
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1 week ago |
bloomberg.com | Joumanna Bercetche |Anthony Di Paola
Amin Nasser(Bloomberg) -- Saudi Aramco is targeting more borrowing to finance growth and better leverage its balance sheet, Chief Executive Officer Amin Nasser said, as the world’s biggest oil exporter raised $5 billion in bonds this week. The debt sale, along with $9 billion raised last year, is helping temper the impact of oil’s slide on the company’s finances.
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1 week ago |
rigzone.com | Anthony Di Paola
Bahrain, the smallest oil producer in the Persian Gulf, is seeking liquefied natural gas imports and considering long-term deals as the market appears well supplied, according to the boss of its state energy company. Bapco Energies this month received an LNG cargo after restarting a floating import terminal and is expecting another in June, Chief Executive Officer Mark Thomas said.
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RT @JoumannaTV: Why is oil plummeting? - unhelpful global demand signals - reports that OPEC+ may once again look to increase production…
The UAE's biggest #oil company @adnoc is seeking to buy its first natural gas producing fields in the US to deepen its presence in the country, sources say w/ @DNair5 & @AlexDooler https://t.co/0VWmq5TSys via @business
Smaller tankers are playing an increasingly important role in the transport of Iranian #oil to China, as the illicit trade faces mounting pressure from US sanctions https://t.co/hoRrbNRasG via @markets by @helloimserene