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NEW YORK: Oil prices slumped by nearly 4% on Monday as the rapid spread of the coronavirus in countries outside China added to investor concerns over the effect on demand for crude.
RIYADH: Saudi Arabia plans to invest 412 billion riyals (US$110bil) to develop unconventional natural gas reserves in the eastern Jafurah field, according to the kingdom’s official Saudi Press Agency.
KUALA LUMPUR: Kenanga research is positive over news that Sapura Energy Bhd's joint venture with Petrofrac has secured a US$591mil EPC contract from the Abu Dhabi National Oil Company (Adnoc) for the Daima Gas development project.
SINGAPORE: Reliance Industries Ltd’s talks to sell a minority stake in its oil-to-chemical division to Saudi Aramco have been gathering pace in recent weeks, according to people familiar with the matter.
SINGAPORE: At least three Asian oil refiners will take delivery of less Saudi Arabian crude than planned in March as the virus dents demand for fuel and creates a glut of alternative supplies, according to people with knowledge of the companies’ imports.
KUALA LUMPUR: Eversendai Corp Bhd founder and group managing director Tan Sri AK Nathan has proposed to inject privately owned entity Vahana Offshore Sdn Bhd into the group
KUALA LUMPUR: Eversendai Corporation Bhd founder Tan Sri AK Nathan has proposed to inject his own company Vahana Holdings Sdn Bhd's lifeboat business into the former, which is involved in oil and gas and construction.
BENGALURU: Saudi Arabia's stock market led most Gulf bourses lower on Sunday after oil prices plunged more than 6% at the end of last week, while oil giant Aramco fell for a sixth consecutive day.
Saudi Aramco has seen an increase in attempted cyber attacks since the final quarter of 2019, which the company has so far successfully countered, the state oil giant's chief information security officer said.
MUMBAI: Prime Minister Narendra Modi’s government surprised investors by saying it will sell part of its stake in the state-run behemoth Life Insurance Corp (LIC) of India to meet its record asset-sale target.