Thursday 23 October 2014

Qafco to seek profit in niche fertiliser products

Qatar Fertiliser Company (Qafco) plans to launch niche production of environmentally friendly fertilisers to meet rising demand in Western markets, the firm's chief executive said on Thursday. The plan underlines a trend in several of the Gulf economies: they are using their


Career growth for women in oil sector in focus

Challenges facing women with hopes of professional growth in the oil and gas industry were addressed in a discussion on “Women in Industry”, top-level women from the industry said during a panel meeting in Abu Dhabi. Government enforced quotas must work together with corpor


Total names refining boss to replace De Margerie

French oil company Total has appointed refining boss Patrick Pouyanne as chief executive to succeed Christophe de Margerie who was killed in a plane crash in Moscow this week.   Pouyanne, 51, head of refining, had been considered as possible candidate to succeed


Oil collapse to hit majors’ earnings, challenge austerity

Falling oil prices and their impact on revenues will dominate European oil majors’ quarterly results next week, with investors eager to hear how companies plan to achieve ambitious cost-cutting plans in an increasingly tough environment.    Oil compan


Russia’s Lukoil says West Qurna-2 pumps over 320,000 bpd

Russia’s Lukoil is producing more than 320,000 barrels per day at its Iraqi West Qurna-2 field, Andrey Gaidamaka, the company’s vice-president, said.   West Qurna-2, Lukoil’s biggest foreign project, plans to peak at 1.2 million barrels per day


Opec needs oil cut of at least 500,000 bpd: Libya

Opec should cut its oil output by at least 500,000 barrels per day (bpd), a Libyan oil official said, to tackle oversupply and support prices that have slid to a four-year low.    The 12-member Organization of the Petroleum Exporting Countries meets on Nove


Saudi Arabia’s Acwa power shifts toward renewable

Saudi Arabia-based power and water project developer Acwa Power IPO is seeking to secure or arranging finance for $15 billion worth of projects, nearly half of which are in renewable energy, its chief executive said.    The company, which plans to list its


BG in talks to import gas to Egypt from Cyprus

BG Egypt, a subsidiary of global energy company BG held talks to import natural gas from Cyprus, the company said.   The talks in Nicosia between BG Egypt and Cyprus Hydrocarbons (CHC) revolve around using BG’s infrastructure to import gas into


Aramco awards pipeline contract to China's Sepco

Saudi Aramco has contracted a Chinese group for a project to help expand the capacity of the main gas pipeline across Saudi Arabia, which dates back to the 1970s, aiming to improve energy supply to industries in the west of the country. Under the contract, the first phase of an e


Middle East ‘perfect hub for petchem industry’

The Middle East, specifically the GCC region, has many unique attributes that combine to make it the perfect hub of the global petrochemical industry, said Ziad Al Labban, CEO of Sadara Chemical Company. He was speaking at the the Gulf region’s first forum focused on ethyle

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