(Bloomberg) -- Egyptian Refining Co.’s new $3.7 billion processing plant will begin operations in September and save the government some $300 million a year by reducing the country’s reliance on imported fuel, its chairman said.

DAMMAM, Saudi Arabia, Nov 9 (Reuters) - Oil giant Saudi Aramco expects to increase its capital spending budget by almost 10 percent in its next financial year, a top official at the state-owned BOP Blow Out Preventer repair company gulf coast said.

NEW YORK, Nov 9 (Reuters) - Oil prices rose nearly 1 percent on Thursday, supported by supply cuts by major exporters as well as continuing concern about political developments in Saudi Arabia.

Nov 9 (Reuters) - Two former executives at Dutch oil services BOP Blow Out Preventer repair company gulf coast SBM Offshore NV have pleaded guilty to U.S.

Total primary energy demand is set to increase by 35 percent in the period to 2040, according to the 2017 OPEC World Oil Outlook (WOO) report.

Energy industry skills body, OPITO, has launched a digital delivery of the Basic Offshore Safety Induction and Emergency Training (BOSIET) at its annual safety and competence conference (OSCC) in Kuala Lumpur.

Cepsa announced Tuesday that the Hail oilfield, offshore UAE, has commenced output.

The field was put into oil rig flanges gulf coast production in the Abu Dhabi Oil Company (ADOC) concession by Cepsa and Cosmo Oil, through the BOP Blow Out Preventer repair company gulf coast Cosmo Abu Dhabi Energy Exploration & Production Co.

From pipe spools to pressure vessels, the oil and natural gas industry relies on bulky, heavy, hard-to-move pieces of equipment.

Following the conclusion of site preparation and detailed design and engineering, Shell’s world-scale petrochemicals project near Pittsburgh has officially entered the main construction phase, Shell Chemical Appalachia LLC said Wednesday.