ConocoPhillips has announced the purchase of Permian-focused driller Concho Resources in a $9.7bn...
ExxonMobil sends a clearer message on its approach to lower carbon emissions
ExxonMobil long-term strategy continues to be dependent on the future hydrocarbon demand after taking huge impairments in the US and international upstream assets, summing up to approximately $19bn, as the company performs a revision on the outlook on crude oil and natural gas demand.
Laopec Oil Refinery, Vientiane
Laopec oil refinery, also referred to as Lao-China Dongyan petrochemical plant, is Laos’ first petroleum refinery being developed in three phases with an estimated investment of $2bn. It is located in the Saysettha Comprehensive Development Zone of Vientiane, the capital city of Laos.
ADNOC receives Abu Dhabi’s SPC approval to invest $122bn from 2021 to 2025
UAE state-owned oil company Abu Dhabi National Oil Company (ADNOC) secured approval from Abu Dhabi’s Supreme Petroleum Council (SPC) to invest AED448bn ($122bn) over next five years, from 2021 to 2025, to expand the region’s hydrocarbons sector.
ConocoPhillips to buy Concho Resources in 2020’s biggest oil deal
ConocoPhillips has announced the purchase of Permian-focused driller Concho Resources in a $9.7bn deal, considered the largest shale deal this year, following choppy market conditions and slowdown resulting from the Covid-19 pandemic.
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