Al-Falih is Saudi Aramco’s new chairman
Saudi Arabia’s King Salman named health minister Khalid A. Al-Falih chairman of Saudi Aramco replacing oil minister Ali Al-Naimi, according to local reports
Industry
Big M&A cycle ‘guaranteed’, say VTB Capital bosses
Bosses at VTB Capital have said that they expect large-scale mergers and acquisitions (M&A) in the oil industry
Fujairah port to expand storage capacity this year, says energy official
UAE’s Fujairah port is expected to have a total storage capacity of nine million cu/m by the end of 2015, according to a top UAE government official
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
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
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