IOCs Still Cautious with Algeria
14/11/2019 05:25 GMT

Sceptical Western investors adopt wait-and-see attitude even after Algeria’s interim government agreed a draft hydrocarbons law. Algeria is set to move away from an onerous tax regime that has seen... More

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Bahraini Bapco Refinery Expansion on Right Track
14/11/2019 11:01 GMT

Bahrain Petroleum Co (Bapco) refinery expansion project is moving ahead in the right direction, the company chairman said. Dawood Nassif told the audience during the second day of the 18th Arab... More

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Eni Tests Gas Production from Egypt’s Zohr
14/11/2019 10:02 GMT

Italian company Eni has started testing the production of the 14th well in the Zohr gas field in the Mediterranean Sea, bringing the total capacity of the field to about 3.2 Bscf/d. A source in the... More

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Iran's Oil Sector Given Boost by New Oil Discovery
14/11/2019 05:30 GMT

Iran's oil sector received a boost news of a new discovery at the Namavaran reservoir, which holds around 22 billion barrels of crude in place. Oil minister Bijan Zanganeh said the find was the... More

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MAN Energy Solutions Provides 53 MW of Electricity to Iraq
14/11/2019 05:24 GMT

Germany’s MAN Energy Solutions is providing a drink can factory of the Royal Can Making Company (RCMC) in Iraq with six MAN 18V32/40 CD engines, with a total capacity of 53 megawatts (MW). The... More

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Kuwait Floats Tender to Upgrade Power Networks
14/11/2019 10:06 GMT

Assistant Undersecretary for Power Network Distribution at Kuwait's Ministry of Electricity and Water Eng Metleq Al-Utaibi has disclosed that the ministry floated two tenders for upgrading power... More

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Chairman Announces Libyan AGOCO's Output
14/11/2019 09:56 GMT

Libya's AGOCO, a subsidiary of state oil firm NOC, currently produces between 265,000 and 290,000 barrels of oil a day, its chairman said. An oil source told Reuters in February that the company had... More

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Eni to Start Drilling in Omani Block in February
14/11/2019 11:11 GMT

ENI is set to drill a maiden well in Offshore Oman Block 52 next February. The Italian energy giant will be making its offshore debut in the Persian Gulf region in the field, a sprawling deepwater... More

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Qatari Baladna IPO Oversubscribed on High Demand from Investors
14/11/2019 05:22 GMT

The initial public offering (IPO) of Baladna, the proposed holding company of dairy farm major, has reportedly oversubscribed, indicating the overwhelming response from local retail and corporate... More

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Saudi Arabia

VHO Inks KSA Deal
14/11/2019 10:53 GMT

US-based Virgin Hyperloop One (VHO) recently signed a memorandum of understanding with Saudi Arabia’s King Abdullah University of Science and Technology (KAUST) to in a project to develop the... More

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Baker Hughes Opens Wellhead Facility in Abu Dhabi
14/11/2019 10:25 GMT

Baker Hughes, an energy technology solutions provider, has opened its new wellhead facility in Abu Dhabi, in partnership with its local channel partner, Al Ghaith Oilfield Supplies and Services, a... More

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Yemeni Firm Resumes Pumping to Oil Arabian Sea Terminal
16/10/2019 09:27 GMT

Yemen’s Safer oil company resumed pumping oil from its fields in Shabwa in southern Yemen to a terminal on the Arabian sea for export abroad, a company official told Reuters on Wednesday. Safer,... More

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General News

Oil Recoups Losses as OPEC, US Fed See Robust Economy
14/11/2019 10:57 GMT

Oil prices reversed early losses on Wednesday after the Organization of the Petroleum Exporting Countries (OPEC) said it saw no signs of global recession and rival US shale oil production could grow... More

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