- Saudi Energy Minister Says OPEC+ Meeting’s Outcome a ‘Turning Point’
- Libya nears final stage of oil exploration bid round, NOC says
- UAE President Chairs ADNOC Board of Directors Meeting at Habshan Complex
- Trump sees $270 billion in agreements at U.S.-Saudi investment conference
- Eni plans $8 billion in new investments in Egypt over five years, CEO tells El-Sisi
- Al-Ghais: Oil Will Maintain 30% Share of Global Energy Mix Until 2050
- Kuwait Announces Discovery of New Offshore Natural Gas Field
- Algeria Appoints New Head of Sonatrach to Keep Pace with Energy Transformations
- The UAE Launches World’s Largest Combined Solar and Battery Storage Project
- QatarEnergy acquires new exploration interest offshore Egypt
News
Kuwait Oil Company unveils solar project
Kuwait Oil Company (KOC) will commission the largest solar power plant in Kuwait this year. To reach the goal set by HH the Emir of Kuwait of producing 15% of energy in Kuwait from renewable...
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EU outlines energy diversity strategy as following:
The commissioner in charge of energy – EU – A diverse source of energy, from Caspian to potential North American sources, is needed for European security. – The European energy security...
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OPEC says speculation played important role in oil’s decline
Oil supply and demand doesn’t fully justify the 60% drop in prices between June and January as speculation also played a role. A rise in supply from outside the Organization at a time when demand...
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EIA: US Shale Oil Output To Fall In May, First Drop In 4 Years
The rapid and aggressive response by oil and gas companies to low oil prices has stabilized the sector. According to Wood Mackenzie, the price required for companies to be cash flow neutral in 2015...
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BG supports World Bank gas flaring initiative
LNG player BG Group said it is supporting the World Bank ‘Zero Routine Flaring by 2030′ initiative to eliminate routine gas flaring at operated oil production sites. The initiative has been...
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Iran to add more gas pressure boosters by March 2016
Five gas pressure stations will become operational up to the end of the current Iranian calendar year (March 2016) with the aim of boosting gas transfer capacity of the country. Managing director of...
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Halliburton says it has cut 9,000 jobs in wake of oil price drop
Halliburton Co. has cut 9,000 jobs — more than 10 percent of its workforce — in about six months and is considering more cost-cutting moves as falling oil prices sap demand for its drilling...
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Iraq’s 2015 Oil Output Seen Flat, Next Year a Challenge
Iraq’s 2015 Oil Output Seen Flat, Next Year a Challenge Iraq’s oil output in 2015 is likely to remain flat as Baghdad struggles to cope with a slump in crude prices that has slashed...
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ExxonMobil president calls for faster LNG export approvals
The United States is at risk of losing economic opportunity and the ability to solidify its role as a global leader in energy production unless the government moves to approve liquefied natural gas...
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Decline in oil prices is “temporary
The decline in oil prices is “temporary,” and crude is steadying at $55–60/bbl amid stronger global demand, an adviser to Saudi Arabia’s oil minister said. “I’m very optimistic about...
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