News
Some BG Group offices to close

Royal Dutch Shell said Monday it was closing some of the offices in the United Kingdom for BG Group as both companies move forward under a united structure. British energy company BG Group became a...

Read more
Saudi Arabia set to sign $21.5bn energy, development deals with Egypt

Saudi Arabia is expected to sign a $20 billion deal to finance Egypt’s petroleum needs for the next five years and a $1.5 billion deal to develop its Sinai region, two Egyptian government...

Read more
GCC countries set to pump $100bn into renewable energy

GCC countries plan to pump up to $100 billion into renewable energy projects over the next 20 years, according to the Kuwait Institute for Scientific Research (KISR). Dr Samira Ahmad Omar,...

Read more
Egypt to cut fuel subsidies 43% as gov’t seeks to reduce deficit

Egypt will reduce spending on fuel subsidies by nearly 43 percent in the 2016/17 budget due mainly to lower global energy costs, officials said on Saturday. Finance Minister Amr al-Garhy told a news...

Read more
Under the patronage of HE Prime Minister of Qatar, Gulf Safety Forum to take place in Doha

It was announced today by the Gulf Organization for Industrial Consulting (GOIC) and Euro Petroleum Consultants that HE Sheikh Abdullah bin Nasser bin Khalifa Al Thani, Prime Minister and Minister of...

Read more
Gazprom gas deliveries up in 2016

Gazprom’s gas transports to European countries outside the Commonwealth of Independent States were up 33.5% year-on-year during the first few weeks of 2016, the company announced In total, 36.5 bcm...

Read more
Russian Energy Minister Alexander Novak: We’re ready to discuss cutting oil output volumes

In an interview with Bloomberg, Russian Energy Minister Alexander Novak said, “We’re ready to discuss the issue of cutting oil output volumes and ready to consider the possibility. “This...

Read more
IMF report: The sharp collapse in the oil price will put more burdens on the global economy

The International Monetary Fund (IMF) warns that the sharp collapse in the oil price will put more burdens on the global economy. The financial strains on exporters and the deep investment cutbacks...

Read more
Saudi Arabia to Oil Executives: Reduce your costs or leave the business

“It sounds harsh, and unfortunately it is, but it is the most efficient way to rebalance markets,” Saudi Arabia oil minister and the world’s most powerful oilman Ali al-Naimi told the...

Read more
Total CEO: TOTAL will not cut jobs and will need workers when the price goes up

Patrick Pouyanne the CEO of French oil and gas giant TOTAL said recently in a radio interview that the company would not cut jobs as other oil and gas companies have done, despite an expected drop in...

Read more
© 2010 - 2021 . All Rights Reserved