Monday 26 September 2016
 
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Iraq puts out fire at Kirkuk oil field

Iraq's North Oil Company extinguished a well fire at the Bai Hassan field near the northern city of Kirkuk which had been raging for more than six weeks, the oil ministry said.   The August 10 bombing of Well 34 by Islamic State was one of a string of attack

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Egypt petrol subsidy bill down 29pc in 2015-2016

Egypt's spending on petroleum subsidies dropped by 28.7 per cent in the 2015-16 financial year to compared to one year earlier, Petroleum Minister Tarek El Molla said on Sunday, a greater decline than previously announced. Egypt has been trying to wean itself off costly energ

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Enec completes 70pc work at UAE nuclear plant

Work is progressing well on the Barakah nuclear power project in Abu Dhabi, UAE, with about 70 per cent of the construction completed at all the four units of the plant, said a report, citing the Emirates Nuclear Energy Corporation (Enec). The major contract for the four 1,400-MW

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Oil and gas sector 'must adopt new technologies'

Adoption of new technologies can boost the region’s energy sector in output and competitiveness at a time of reduced oil prices and global competition from new suppliers, according to a regional energy executive. Delivering the keynote address at the closing of the Insead L

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Iran, Denmark eye tie-ups in water, power

Iran and Denmark recently discussed joint cooperation in the renewable energy sector, water resources, wastewater treatment and reuse, a report said. "Given Denmark's capabilities and Iran's unique capacities in wind and solar energies, expansion of ties in renewable

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Ecuador warns Opec of risks if no deal in Algeria

Ecuadorean President Rafael Correa said on Saturday he hopes Opec countries will reach an agreement to stabilize the oil market at the upcoming meeting in Algeria, warning of "serious risks" for the group if they do reach a deal. Members of the Organization of the Petro

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Jotun lauds EU antifouling copper rule

Jotun, a global leader in marine antifouling coatings, has welcomed the recent European Union (EU) rule on the use of copper in marine antifoulings stating that it will ensure continued delivery of powerful benefits for both the shipping industry and environment. Copper is a key

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Saudis 'ready for Opec deal if Iran freezes output'

Saudi Arabia has offered to reduce oil production if rival Iran agrees to cap its own output this year, in a major compromise ahead of talks in Algeria next week, three sources familiar with the discussions told Reuters. The offer, which has yet to be accepted or rejected by Tehr

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Oil prices down as investors cash in on gains

Oil prices fell on Friday, pulled down by a sell-off following two sessions of strong rises and on caution ahead of a gathering of Opec ministers next week in Algeria to discuss possible production cooperation to rein in global oversupply. US West Texas Intermediate (WTI) crude o

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Qatargas delays start-up of Ras Laffan 2 unit

Qatargas has delayed the start-up of its new Ras Laffan 2 condensate splitter, a source with knowledge of the matter said on Thursday. The delay at the 146,000 barrel-per-day (bpd) condensate splitter was likely due to a technical fault, market sources said. "

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