Armed protesters controlling ports in eastern Libya said on Saturday they had started exporting oil, bypassing the Tripoli government in a major escalation of their blockade to demand a greater share of the nation's petroleum wealth.
A North Korean-flagged tanker docked earli
Dubai-headquartered Shelf Drilling, owned by Australia's Champ Private Equity, is gearing up for listing on the London Stock Exchange in the next two months.
Shelf Drilling was formed 16 months ago by Champ to run $1 billion worth of shallow water oil rigs.
Crude oil production from the Organization of the Petroleum Exporting Countries (Opec) climbed by 240,000 barrels per day (bpd) to 30.11 million bpd in February from 29.87 million bpd in January following a surge in Iraqi exports, said a report.
This was despite new setbacks in L
South Korea will transfer $550 million to Iran in its first back oil payment under an interim nuclear deal that eases sanctions on Tehran, sources with direct knowledge of the matter said on Thursday.
The payment on Friday will come after Japan cleared some of its dues as the U.N
Qatar is expected to export around 10 to 11 million tonnes per year of liquefied petroleum gas (LPG) between 2014 and 2017 before domestic petrochemical consumption reduces exports in 2018, state marketer Tasweeq said on Thursday.
"We are now consistently exporting almost ar
Details of $14 billion worth of oil, gas, power and water projects planned or under execution in Bahrain will be comprehensively discussed at an upcoming energy forum in the kingdom.
Bahrain Energy Forum 2014 organised by Meed, in partnership with National Oil and Gas Authority (
Iraq is reclaiming its rank as the world's fastest-growing oil exporter, cushioning consumers from Libyan supply outages for now and, perhaps, reviving Opec market share rivalries down the road.
Despite worsening violence due to spillover from the war in Syria, Iraq - already
The security risks that oil and gas companies face due to outdated ICT infrastructure was highlighted at a summit held in Dubai recently.
Huawei, a leading global ICT solutions provider, connected with industry energy leaders at the IDC’s CIO Summit 2014, where it outlined
Thomson Reuters has added a tool to monitor and display the flow of commodities along the physical supply chain to its financial markets desktop Eikon.
The new tool, ‘Commodity Flows,’ will provide commodity market professionals with an innovative assessment tool to t
GlassPoint Solar, a leader in solar enhanced oil recovery (EOR), has appointed Tarik Hussain as the director of its Oman projects.
Hussain, who will be based in Muscat, brings a decade of engineering and project management experience in Oman, delivering some of the largest indust