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Aramco Overseas Company B.V. (AOC), a subsidiary of Saudi Aramco, has entered into an arrangement to buy Gunvor Group’s stake in the Maasvlakte Olie Terminal (MOT) in Rotterdam, the Netherlands. Gunvor is one of the largest physical commodities trading houses in the world. The sale is targeted for completion by…
Idemitsu Kosan Co., Ltd. and Kuwait Petroleum International Ltd. plan to begin operating a service station business in Vietnam’s capital city, Hanoi, through Idemitsu Q8 Petroleum LLC, a 50-50 joint venture between the two companies. In overseas growth markets centered on the Pacific Rim, Idemitsu Kosan is making progress on…
Exxon Mobil Corp announced it has added 22,000 acres to its Permian Basin portfolio since May through a series of acquisitions and acreage trades. Located in the highly prolific, stacked oil pay zones of the Delaware and Midland Basins, the new acreage adds to the company’s existing 6 billion barrels…
Saudi Aramco has entered into a strategic partnership with Petronas Chemicals Group Berhad (PCG) to enhance the value and competitive positioning of its petrochemicals projects within the PETRONAS Pengerang Integrated Complex (PIC) in the southern Malaysian state of Johor. The partnership marks a strategic, mutually beneficial relationship that will provide…
As Indonesia continues to face energy challenges, GE Power announced it has appointed PT. Euroasiatic Jaya as an authorized distributor of Jenbacher gas engines in the country. The move builds on GE Power’s ongoing commitment to provide power generation solutions to Indonesia’s industrial, commercial and municipality customers with reliable, more…
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