Tuesday 3 March 2015
 
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Oman’s first solar power plant to start operation in May

Oman’s first commercial renewable power project is set to go operational by May at Al Mazyunah in Dhofar, according to a report. The 303kW solar power plant, executed by US-based Astonfield and local firm Multitech, will be the first such commercial venture linked to the el

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Saudi king keeps close hand on oil in new strategic team

Saudi Arabia's subtle change of energy policymaker line-up since the accession of new King Salman in late January appears to give the king's inner circle a firmer hand on the kingdom's oil strategy than previous rulers have enjoyed. The most notable change was the pro

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Technip wins major deal to supply high-tech flexible pipes

Technip, a leader in project management, engineering and construction for the energy industry, has won a major deal for the ongoing development of the Lula Alto field, located in the Santos Basin pre-salt area, Brazil. The contract was awarded by Tupi BV, a consortium composed of

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Egypt to add cooking oil to smart card system

Egypt plans to add subsidised cooking oil to a new smart card system implemented last year, Supplies Minister Khaled Hanafi said on Monday, a move aimed at saving money and cutting down queues for poor consumers. The government is trying to pull off the delicate task of reforming

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Iran could begin Iraq gas deliveries in May

Iran could begin natural gas exports to Iraq in May if security conditions improve, Iranian oil ministry website Shana quoted a senior official as saying. Iran and Iraq signed an agreement in 2013 under which Tehran would start exporting gas to Iraq to feed three power plants in

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German utility RWE closes energy unit sale

German utility RWE said it had closed the sale of its oil and gas production unit DEA to Russian billionaire Mikhail Fridman, confirming what a source familiar with the matter told Reuters earlier on Monday. The terms of the deal value RWE DEA at €5.1 billion ($5.7 billion),

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Iraq oil exports rise to 2.597mbpd in February

Iraq's oil exports rose in February to an average 2.597 million barrels per day (bpd) from 2.535 million bpd in the previous month, the oil ministry said in a statement. Exports from Iraq's southern terminals reached 2.293 million bpd, while exports from the north via the

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Libya oil production now at 400,000bpd

Libya's oil production is now at more than 400,000 barrels per day (bpd), an increase from recent levels when fighting between rival armed groups closed two key ports, an official from the National Oil Corporation said. Libya's crude output has been battered by conflict b

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Iraq, Kurdish officials make progress on oil deal

Baghdad and Kurdish regional authorities are making progress to rescue a deal over crude oil exports, Iraq's oil minister said on Sunday, after it nearly unravelled due to Kurdish threats to halt shipments in protest over lack of payment. Adel Abdel Mehdi said both sides woul

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UK offshore oil & gas – what next?

The low oil price is expected to dramatically impact O&G activity on the UK Continental Shelf (UKCS), resulting, most notably, in a decrease in the number of wells drilled, a report said. In 2014, drilling campaigns were significantly smaller than forecast – only 14 exp

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