Algeria

1st Offshore Drilling by End-2015: Algerian Sonatrach CEO
30/10/2014 11:36 GMT

The national hydrocarbon group Sonatrach will carry out first offshore drilling by the end of 2015, announced its interim CEO, Said Sahnoun, at the signing ceremony of contracts of the 4th... More


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Bahrain

Bahraini Delegation to China Inks Key Deals to Boost Shenzhen Ties
30/10/2014 07:56 GMT

Three memoranda of understanding (MoU) were signed on 29 October 2014 in Shenzhen as the Bahrain business delegation continues its tour of China's principal commercial centers. The 10-day visit by... More


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Egypt

Higher-than-Expected Profit Fall for BG on Egypt Output Decline
29/10/2014 09:37 GMT

Britain's third-biggest energy company BG Group reported a worse-than-expected 26 percent fall in third-quarter operating profit on the back of a continued decline of production in Egypt and a steep... More


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Iran

Sharp Fall in Oil Revenues: Iranian President
30/10/2014 09:29 GMT

Iran’s President Hassan Rohani says the country’s oil revenues have plunged by 30% due to a recent fall in crude prices in the global market. Addressing a Majlis session on 29 October 2014, Rohani... More


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Iraq

MOL Gets Nod for Kurdish Block Development Plan
30/10/2014 11:43 GMT

The Kurdistan Regional Government in Iraq has approved a major new oil field development ( Akri Bijeel Block ) majority-owned by Hungary's MOL, the company said on Thursday. The minister of natural... More


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Kuwait

Kuwaiti Emir: Oil Price Fall Shows Need to Diversify Economy
29/10/2014 09:18 GMT

Kuwait's emir said on Tuesday a fall in oil prices cast a shadow over the OPEC member state's economy, showing the need to diversify sources of income that rely heavily on petroleum. In a speech to... More


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Libya

Locals End Protest at Libyan Oil Port
29/10/2014 10:48 GMT

A protest has ended in Libya's eastern oil port of Brega where locals had been demanding jobs at state-run Sirte Oil Co, a lawmaker and company official said. "We've reached an agreement with the... More


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Oman

Spanish JV Bags Deal for Omani Firm's Gas Plants Modernization
30/10/2014 11:47 GMT

The Spanish Joint Venture of OHL Industrial and the engineering and technology group SENER says it has been awarded an EPC contract for the simultaneous modernization of two hydrocarbon plants of... More


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Qatar

Doha-Based GOIC Pens MoU with Euro Petroleum Consultants
30/10/2014 11:24 GMT

The GOIC signed a five-year Memorandum of Understanding (MoU) with Euro Petroleum Consultants (EPC), an independent consulting group with headquarters in London, to facilitate cooperation,... More


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Saudi Arabia

Saudi-Sinopec Refinery to Start Exports Soon
30/10/2014 08:17 GMT

The first fuel exports from a major new Saudi Arabian-Chinese refinery will load in December, slightly later than expected, three industry sources said. The 400,000-barrel-per-day (bpd) Yanbu Aramco... More


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UAE

NREC in Deal with UPAC to Develop Mall 
in Abu Dhabi
30/10/2014 07:49 GMT

National Real Estate Company (NREC), a leading real estate developer in the Middle East and North Africa (MENA) region, has signed a new partnership with United Projects for Aviation Services Company... More


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Yemen

Flows Resume in Yemen’s Main Oil Export Pipeline
26/10/2014 10:51 GMT

Yemen resumed exports from its main oil pipeline on Saturday, one day after an attack by tribesmen temporarily halted flows, industry sources said. Yemen's oil and gas pipelines have been repeatedly... More


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General News

Doha-Based GOIC Pens MoU with Euro Petroleum Consultants
30/10/2014 11:24 GMT

The GOIC signed a five-year Memorandum of Understanding (MoU) with Euro Petroleum Consultants (EPC), an independent consulting group with headquarters in London, to facilitate cooperation,... More


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