Bids are due in November in an oil and gas licensing round covering most of Ras Al Khaimah, the northernmost member of the United Arab Emirates. The government opened data rooms in the emirate and London last month for seven blocks, four in shallow water and three onshore. The blocks cover 4,340 sq km. […]

Four US Senate Democrats, including Ranking Minority Member Charles E. Schumer (NY) and Energy and Natural Resources Committee Ranking Minority Member Maria E. Cantwell (Wash.), have asked President Donald Trump to act in response to rising gasoline prices as the summer driving season gets under way. Source: News

IRPC PLC has let a contract to Honeywell UOP LLC to provide a suite of advanced process technologies for IRPC’s maximum aromatics (MARS) project, a naphtha-reforming and aromatics complex to be built at the operator’s existing integrated petrochemical complex in Rayong Province, Thailand.  Source: News

Brent crude oil prices gained modestly during the May 23 trading session in London to approach $80/bbl. Traders and analysts awaited news from a meeting of oil ministers in Russia that includes some Middle Eastern officials. Source: News

The European Bank for Reconstruction & Development is providing a $200-million loan to state-owned Egyptian General Petroleum Corp. subsidiary Suez Oil Processing Co. for the upgrade of its 68,000-b/d refinery adjacent to Suez, Egypt, at the entrance of the Suez Canal.   Source: News