Corporations
SIDF and GOIC sign a Memorandum of Understanding

On the side-lines of the Industrial Development Forum for Promising Regions held in Riyadh SIDF and GOIC sign a Memorandum of Understanding On the side-lines of the Industrial Development Forum for...

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Shell to Cut 250 Onshore Jobs at Its Scotland North Sea Operations

13 – 8 – 2014 Royal Dutch Shell will cut around 250 jobs at its onshore North Sea oil operations in Aberdeen, Scotland as part of a business restructuring, a spokesman said on Tuesday. The oil...

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Schlumberger Expects Russia Sanctions to Hurt Earnings

13 – 8 – 2014 Schlumberger Ltd, the world’s No.1 oilfield services provider, became the first major U.S. company to say that its quarterly earnings would be hurt by U.S. and EU sanctions...

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BP inks natural gas deal in Oman

The government in Oman announced British Energy Company BP was planning to build a natural gas processing facility.   Omani Undersecretary for Oil and Gas Nasser bin Khamis al-Jashmi announced...

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Shell and partners discuss improved oil production

The Royal Dutch Shell, invited representatives at its joint oil ventures in the region for a second workshop in Abu Dhabi to discuss safety at crude facilities and improved hydrocarbon...

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Increasing the average oil production in Oman by 4% in 2012

Nasser Al Jashmi, the Undersecretary of the Omani Oil and Gas Ministry assured that the oil production of his country, including the condensates, has increased by 4% in 2012 to reach an average of...

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Dana Gas launches natural gas production operations from two wells in Egypt

According to what is published by Arqam website, Dana Gas – listed in the Abu Dhabi Stock Exchange – launched natural gas production operations from the “Aleem 1” and “West...

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British Gas allocates $66 million for gas exploration in Tunisia

“British Gas” allocated investments of approximately $66 million to explore natural gas in Tunisia. The Company General Director Chris Fainlaissour, after meeting the president of the...

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The Russian Gazprom joins a new oil project in Kurdistan- Iraq

“Gazprom” – the giant Russian group active in the gas field – announced that it has joined a new project to extract oil in the Iraqi Kurdistan despite the tensions with the...

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The Samsung Engineering Company submitted the lowest offer to update the Riyadh Refinery

The South Korean Samsung Engineering Company won the lowest bid in a tender for renovating an oil refinery belonging to Saudi Aramco in Riyadh and whose production capacity reaches124 thousand...

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