Abu Dhabi inaugurates new oil pipeline
Abu Dhabi has started exporting its first crude from the Habshan-Fujairah pipeline that bypasses the Strait of Hormuz, shipping the fuel to a refinery in Pakistan
Petrochemicals
DNO pulls out offer to acquire Calvalley Petroleum
Norwegian oil and gas company, DNO International, has announced that it has decided not to proceed with its proposed all-cash takeover of Calvalley Petroleum Inc
OPEC crude oil output down slightly in June
OPEC members saw their crude oil production drop slightly in June, possibly due to lower output in Saudi Arabia and international sanctions against Iran
Petrofac awarded US$500 million EPC contract in Saudi Arabia
Oilfield services company Petrofac has won a US$500 million EPC contract on Saudi Arabia’s Rabigh II petrochemicals expansion project
DNO makes US$214 million offer to buy Calvalley Petroleum
Norwegian oil firm DNO made an unsolicited US$214 million all-cash offer to acquire Canada’s Calvalley Petroleum for US$2.25 per share
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