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Bids have been placed by major global energy players for stakes in Abu Dhabi’s onshore oil fields, capable of producing 1.6 million barrels per day.
Based on previous partnerships, Royal Dutch Shell, BP and Total have …Read full article » : Thursday, July 24 - 2014 @ 12:02
Kuwait is investing more than $17bn (KD4.6bn) to develop oil refineries, as part of the “environmental fuel” project to be launched in 2018, Kuna has reported. The project, which kicked off last April, aims at …Read full article » : Thursday, July 24 - 2014 @ 04:18
Syria’s oil minister, Suleiman Abbas has said the country’s oil and gas industries have suffered total losses of $21.4bn since the outbreak of the country’s war three years ago, AFP has reported. “The circumstances the …Read full article » : Thursday, July 24 - 2014 @ 04:18
Saudi Electricity Co (SEC) has said it has notified subscribers that it will not distribute monthly electricity bills for amounts less than SR100, starting from August, Saudi Gazette has reported. The state utility firm also …Read full article » : Thursday, July 24 - 2014 @ 04:18
Emirates National Oil Company (ENOC) announced that all service stations in the ENOC/EPPCO network are now providing the ultra-low sulphur ‘Green Diesel.’
This follows the UAE Federal Cabinet decree aimed at raising the UAE’s standards …Read full article » : Wednesday, July 23 - 2014 @ 14:48
International energy consultancy Xodus Group has been awarded a contract with Qatargas to provide vibration engineering services at onshore and offshore facilities.
Working in partnership with Chiyoda Almana Engineering, Xodus will look to develop a long‐term …Read full article » : Wednesday, July 23 - 2014 @ 14:33
Qurain Petrochemical Industries Company (QPIC) has announced a net profit of KD0.93 million (US$3.3 million)for the first quarter of the 2014/2015 financial year ended 30 June 2014.
This represents a decrease of77.6% or KD 3.2 …Read full article » : Wednesday, July 23 - 2014 @ 13:25
As part of its commitment to strengthening customer service efficiency, Emirates National Oil Company (ENOC) has introduced long fueling hoses with retractors for Special petrol refueling at 16 high-traffic service stations in Dubai. Motorists can …Read full article » : Wednesday, July 23 - 2014 @ 12:45
RAK Petroleum Public Company Limited, the energy investment company,today announced net profit of Dhs58.1million for the year ended 31 December 2013,marking afifth consecutive year of profitability.
The Company’s assets include a 42.8% shareholding in DNO ASA,the …Read full article » : Wednesday, July 23 - 2014 @ 12:19
The Egyptian ministry of petroleum has agreed with foreign oil firms to settle all of its arrears by 2017 instead of its previous plan to pay EGP21bn ($3bn) out of a total of EGP42bn ($6bn) …Read full article » : Wednesday, July 23 - 2014 @ 06:34