Thursday 3 September 2015
 
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Oman reschedules some gas exports as industry struggles

Oman is rescheduling some of its liquefied natural gas (LNG) exports as rising domestic demand for power generation causes gas shortages that are hurting its industry, company officials said.   Nearly all of Oman's gas exports go to Japan and South Korea. So

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Opec oil output in August falls from record on Iraq disruption

Opec oil output fell in August from the highest monthly level in recent history, a Reuters survey found, as disruptions to flows on Iraq's northern pipeline halted supply growth from the group's second-largest producer.    Largely stable output from

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Oman reschedules gas exports over power snags

Oman is rescheduling some of its liquefied natural gas (LNG) exports as rising domestic demand for power generation causes gas shortages that are hurting its industry, company officials said. Nearly all of Oman's gas exports go to Japan and South Korea. Some gas originally du

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Qatar sells Q4 condensate at lowest differential since Q1 2015

Qatar's Tasweeq has sold condensate cargoes to load in the last three months of this year at the lowest differential since the first quarter on weak demand in Asia, traders said.   Two major condensate splitters in Asia are shut indefinitely while margins fo

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North Iraq oil exports down in August due to pipeline disruption

Oil exports from northern Iraq fell by around 44,000 barrels per day (bpd) in August to an average of 472,832 bpd due to disruption of the pipeline to Turkey, the Kurdistan region's ministry of natural resources said.   The Kurdistan region, which controls a

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Tata Steel expands new welded product range

Tata Steel has expanded its new range of welded linepipe, ahead of the Offshore Europe, where it will celebrate 21 years and one million tonnes of steel in the North Sea.   The Offshore Europe Exhibition and Conference will run from September 8 to 11 at the Aber

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Egypt-Israel gas talks to continue despite Zohr find

The discovery of the Zohr natural gas field off Egypt will not undermine private-sector negotiations about buying gas from Israel, Egypt's petroleum minister said, playing down fears that potential deals could be under threat. Italian energy company Eni announced on Sunday th

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Oil prices fall on US crude stock build

Oil fell on Thursday on an unexpected build in US crude stocks and a stronger dollar, but a recovery in Asian shares after Wall Street posted a near 2-per cent gain overnight helped support prices. Asian investors were focused on the increase in US crude inventories last week and

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GCC countries 'must prioritise efficient energy use'

More large-scale alternative and renewable energy projects, which reduce the per-unit cost of alternative energy, will be necessary in the GCC region to encourage households and businesses to reduce their use of conventional power sources, according to an expert.  

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Bapco launches key jobs training project

Bahrain Petroleum Company has announced it is embarking on a major training project towards developing a world-class workforce for a $5 billion refinery expansion and upgrade. Designed in collaboration with different technology licensors and contractors involved in the Bapco Modernisation Pro

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