Sunday 26 October 2014
 
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Qatargas sells first cargo to Chinese importer

Qatargas sold its first cargo of liquefied natural gas (LNG) to Jovo LNG Storage and Transportation Company, an independent LNG importer from China. The 64,000 cu m cargo was sold on a free-on-board basis and loaded on to the vessel LNG Lerici at Ras Laffan port last week pursuan

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UAE set to welcome historic Solar Impulse flight

Abu Dhabi is readying to welcome Solar Impulse 2 (Si2), a new single-seater solar aircraft designed to take up the challenge of the first round-the-world solar flight without any fuel in 2015. As part of its preparation for the plane’s arrival in January, Solar Impulse representa

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Iraq's oil exports rising in October despite unrest

Iraq's oil exports from its southern terminals are holding close to a record high in October and Kurdish shipments are climbing, a further sign that fighting has not derailed an expansion of supplies from Opec's second-largest producer. Four months after an advance by Isl

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Jordan to finalise Israel gas deal next month

Jordan expects to finalise a deal next month with Noble Energy to supply the kingdom with natural gas from Israel's Leviathan field, that could save at least $1.4 billion in the country's annual import energy bill, the energy minister said. The kingdom is struggling to me

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Yokogawa unveils new low-power pressure transmitters

Yokogawa Electric Corporation has developed a new low-power version of the DPharp EJA-E series differential pressure/pressure transmitter. It will release the product in all markets other than Japan and Europe on December 15, said a statement. The European release will follow nex

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Tabreed posts 28pc increase in Q3 profit

UAE’s utility Tabreed reported a 28 per cent rise in third-quarter net profit on Thursday as revenue increased and it cut finance costs. The Dubai-listed firm made a net profit of Dh95.86 million ($26.1 million) in the three months ending September 30, up from Dh75.11 milli

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Saudi supplies less oil in Sept despite output rise

Saudi Arabia supplied less crude oil to the market in September than a month earlier, an industry source said on Thursday, at a time when some Opec members are calling on the top oil exporter to cut back output to lift prices. Brent rose above $85 a barrel on the news, though it

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Career growth for women in oil sector in focus

Challenges facing women with hopes of professional growth in the oil and gas industry were addressed in a discussion on “Women in Industry”, top-level women from the industry said during a panel meeting in Abu Dhabi. Government enforced quotas must work together with corpor

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Total names refining boss to replace De Margerie

French oil company Total has appointed refining boss Patrick Pouyanne as chief executive to succeed Christophe de Margerie who was killed in a plane crash in Moscow this week.   Pouyanne, 51, head of refining, had been considered as possible candidate to succeed

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Oil collapse to hit majors’ earnings, challenge austerity

Falling oil prices and their impact on revenues will dominate European oil majors’ quarterly results next week, with investors eager to hear how companies plan to achieve ambitious cost-cutting plans in an increasingly tough environment.    Oil compan

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