Wednesday 25 May 2016
 
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BP, Shell among bidders to run Qatar oil field

Six international oil firms including BP and Royal Dutch Shell Plc have bid to operate Qatar's largest offshore oil field, two people with knowledge of the matter told Reuters. The other bidders are the field's current operator Maersk , as well as Total SA, Chevron Corp a

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Qatar's Texas LNG venture to begin exports by 2021

Top liquefied natural gas (LNG) exporter Qatar expects exports from its Golden Pass joint venture in Texas to begin in 2021, an advisor to the government said. State-run Qatar Petroleum (QP) owns a 70 percent stake in an LNG receiving terminal in Texas that is backed by Exxon Mob

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Opec focusing on market share, not oil price support

The Organisation of the Petroleum Exporting Countries (Opec) is focusing on market share rather than on supporting oil prices, Iraq's Opec governor said on Tuesday in comments that will dampen expectations that Opec might agree steps to support prices at a meeting next week.

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Shell CEO warns renewables shift could spell end if too swift

Royal Dutch Shell cannot switch too quickly to producing renewable energy without risking its dividend payments and even its very existence, the oil and gas group's chief executive warned.   Major investors, including Dutch pension fund PGGM, have criticised

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Kazakhstan says disputes with oil majors could lead to arbitration

Kazakhstan's $1.6 billion dispute with oil majors developing the Karachaganak gas condensate field may escalate to arbitration if negotiations on the matter fall through, Kazakh Energy Minister Kanat Bozumbayev told Reuters on Wednesday.   Bozumbaye

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Orascom consortium wins $350m Egypt project deal

A consortium of Egypt's Orascom Construction (OC) and Belgian Besix Group has won the contract from Arab Petroleum Pipelines Company (Sumed) for the construction of a new pier in Ain Sukhna area of Suez governorate at an investment of $350 million, said a report. Work will st

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DowDuPont gets new executive team

DuPont and The Dow Chemical Company today announced senior leadership appointments for DowDuPont, following the consummation of the proposed merger of equals.   The appointments will be effective upon completion of the proposed merger transaction, which is expec

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Oil nudges $50 as investors bet on shrinking overhang

Oil rose towards $50 a barrel on Wednesday for the first time in seven months, driven by expectations that shrinking supply will help erode any overhang of unwanted crude, particularly after industry data showed a sharp fall in US inventories. A series of outages around the world

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Aramco honours units for top 'green' performance

Saudi Aramco paid tribute to its top performers in environmental protection and stewardship at an awards ceremony in Dhahran recently. At the 11th Saudi Aramco President’s Award for Environmental Excellence for 2015, the spotlight was on superior performers who protect the

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PDO targets 600,000 bpd output

Petroleum Development Oman (PDO), the sultanate's leading crude oil producer, is planning to achieve an output of 600,000 barrels of crude oil per day (bpd), said the company’s managing director. PDO accounts for around 70 per cent of the country's total crude oil p

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