Friday 25 April 2014

Implement deal, Libya rebels tell govt

A rebel group in eastern Libya that controls several oil ports said it would not reopen the key Ras Lanuf and Es Sider terminals unless the government implemented its part of a recent deal to end the oil blockade. In a sign of further delays to restart vital oil exports from the


Dana Gas profit edges down over Iraq ops

Dana Gas, a leading natural gas company in the region, posted a net profit of Dh571 million ($156 million) in 2013 compared to Dh605 million ($165 million) in 2012, at its eighth Annual General Meeting (AGM) in Sharjah. Lower sales of LPG in the Kurdistan region of Iraq, along wi


Bahrain plans natural gas facility expansion

A feasibility study is currently underway that may see an expansion of Bahrain's natural gas production facilities, a top official has said. Talking to the Gulf Daily News, our sister publication, on the sidelines of the Meed Bahrain Energy Conference 2014, Banagas chief exec


Bahrain 'open to JVs in oil exploration'

Bahrain is open to new joint ventures, especially in the fields of oil and gas exploration and downstream facilities, said a senior government official. Finance Minister and Minister in charge of Oil and Gas Affairs Shaikh Ahmed bin Mohammed Al Khalifa was delivering the keynote addres


Mideast consortium to acquire National Petroleum

A consortium of Gulf-based investors including Fajr Capital and Arab Petroleum Investment Corp (Apicorp) have agreed on a deal to acquire Dubai-based oilfield services firm National Petroleum Services, Fajr said on Tuesday. The transaction, which is expected to close in the secon


Iran to cut gasoline subsidy this week

Iran will start cutting gasoline subsidies this week, an official said on Monday, a move that will test President Hassan Rouhani's public support as higher petrol prices add to inflation in a country already squeezed by economic sanctions. The amount of the subsidy cut - and


Nuclear body opens simulator centre in Abu Dhabi

The Emirates Nuclear Energy Corporation (Enec) has inaugurated its Simulator Training Center (STC) at Barakah in the Western Region of Abu Dhabi - the site of the UAE’s nuclear energy plants. The new simulators, which are among the world’s most advanced nuclear traini


Iraq-Turkey pipeline 'unusable'

An oil pipeline carrying crude from Iraq's Kirkuk oil fields to Turkey's Mediterranean port of Ceyhan is unusable because of persistent militant attacks, Turkey's energy minister said on Monday. "Of course this is a loss for Iraq," Taner Yildiz told reporter


Saudi Electricity Q1 net loss widens 39pc

Saudi Electricity Co (SEC) reported a significant widening of its net loss for the first quarter on Sunday, as the utility saw costs increase and the value of some of its fixed assets decline. It lost 913 million riyals ($243.4 million) during the three months to March 31, compar


120 delegates to join Bahrain Energy Forum

More than 120 regional and international delegates will take part in Meed’s Bahrain Energy Forum which will open tomorrow (April 21). The three-day forum, at the Crowne Plaza in Manama, will discuss the exciting plans and project opportunities that will reaffirm Bahrain&rsq

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