- 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
- BP signs deal to drill five gas wells offshore Egypt
- Iraq Discusses Establishing Oil Pipeline from Basra to the Sultanate of Oman
- QatarEnergy Signs Long-Term Helium Supply Agreement with Germany’s Messier
- Kuwait Considers Leasing 13 Pipelines to collect Up to $7 Billion
- Oman: OQ Exploration and Production Looks to Unveil New Projects
Organizations
World demand for energy to grow at its fastest pace (2.3% in 2018)
The year 2018 marked an increase in demand for all fuels, but natural gas was the fastest growing energy source as being the preferred fuel, accounting for 45% of the increase in energy consumption....
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“The next stage is exceptional in the oil industry”
“The next stage is an exceptional stage in the oil industry, and the geopolitics will have a more important factor in the markets in the coming period,” said Fatih Birol, executive...
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Establishment of the “East Mediterranean Gas Forum” in Cairo
Written by Mai Wagdi: The ministers of energy in seven countries (Egypt, Jordan, Palestine, Israel, Cyprus, Greece and Italy) met on Monday, 14 January, and agreed on the establishment of the East...
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Qatar to exit OPEC, results and reasons
By Yara Samarraei – Dec 05, 2018 Qatar decided to withdraw from the Organization of Petroleum Exporting Countries (OPEC) and delivered an official letter to the Secretary-General of the...
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Saudi Arabia – and OPEC in general – may lose leadership of the global oil market
Analysts at the BMI Research said the potential of shale oil in the United States is still largely unknown and that the oil prospects form Iran, Libya and Venezuela are Doubtful. Analysts say Saudi...
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IEA analysis: Gas industry’s future looks bright over next five years
Strong demand growth from China, greater industrial demand, and rising supplies from the United States, will transform global natural gas markets over the next five years according to the...
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Saudi Arabia, Russia push to extend oil output cuts until March 2018
Saudi Arabia and Russia, the world’s two top oil producers, agreed on the need to extend oil output cuts for a further nine months until March 2018 to rein in a global crude glut, pushing up...
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IEA says global oil market now close to balance
The global oil market is close to balance, after nearly three years of excess supply, as production cuts by top exporters offset a longer-term decline in demand in the richest nations, the...
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Iraq reduces Kirkuk oil exports to comply with OPEC’s agreement and meet local needs
According to Reuters, Iraq cut Kirkuk oil exports to fulfill commitment agreed with OPEC and provide the fuel needed to meet local needs in light of its war against al-Islamic state. The Kurdistan...
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Kuwait’s KPC committed to OPEC oil output cut
State-owned Kuwait Petroleum Corp (KPC) said this week it was committed to an oil output cut agreed by the Organization of Petroleum Exporting Countries at a meeting in Vienna in November,...
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