Royal Dutch Shell on Wednesday announced an 89% drop in net profit for the first quarter, blamed on slumping oil prices, adding that investment would be lower than expected.
Qatargas 2 and Kuwait Petroleum Corporation (KPC) have executed an agreement to supply half a million tonnes of liquefied natural gas (LNG) to Kuwait over the next four years.
Oman is rescheduling about 5% of its liquefied natural gas (LNG) shipments in 2016 as rising domestic demand for power generation is impacting the amount of gas available for exports, a senior company official said.
Pakistan State Oil has backed out of a nearly $1 billion deal to buy liquefied natural gas (LNG) from Royal Dutch Shell after receiving a lower price from Qatar ...
