Bahri signs 10-year agreement to ship S-Oil's crude cargoes
The National Shipping Company of Saudi Arabia (Bahri) has signed a 10-year agreement to ship crude cargoes belonging to South Korea’s S-Oil starting Q3 2015
Industry
Shell set to buy BG Group for US$69.7bn
Anglo-Dutch oil explorer Shell will acquire British gas producer BG Group for US$69.7bn in cash and stock, both companies have announced
Libyan oil output hits 600,000 bpd
Libya’s state-owned firm Arabian Gulf Oil Company (AGOCO) crude production has hit 317,000 bpd, the highest in the last two years, the company’s spokesperson revealed
Saudi Aramco signs new standby credit facilities
Saudi Aramco has signed a US$10bn loan agreement with 27 financial institutions in order to secure better borrowing terms
Chinese firm to supply steel pipes for Saudi Aramco dredging project
China’s Ningbo Zhehua Heavy Steel Pipe Manufacturing has signed a contract to supply 3,000 metric tonnes of large diameter submerged arc straight seam welded pipes for dredging project to Saudi Aramco
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