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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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,...
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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...
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