Saturday 20 December 2014

Sudan to drill 250 wells to boost oil, gas reserves

Sudan's oil minister says the country will drill more than 250 wells in the coming year, aiming to boost its energy reserves by 65.4 million barrels of oil and 300 billion cu ft of gas, state media reported on Tuesday. When South Sudan seceded in 2011, it took with it three-q


No emergency Opec meeting needed, says UAE oil minister

There was no need for an emergency Opec meeting despite the drop in oil prices, UAE Oil Minister Suhail Bin Mohammed Al-Mazroui said, reinforcing the idea that major Gulf producers are ready to wait out lower prices. "Opec is not a swing producer. It's not fair that we c


Masdar launches third international blogging contest

Masdar, Abu Dhabi’s renewable energy company, has launched the third edition of its international Engage Blogging Contest ahead of January’s Abu Dhabi Sustainability Week (ADSW) 2015 – the region’s largest gathering on sustainability. Under the theme “Desc


Dana Gas says Kurdistan failed to pay $100m

Dana Gas, one of the largest investors in Iraq's Kurdistan, said the semi-autonomous region had failed to pay $100 million as instructed by a London arbitration court, prompting Dana to ask the court to enforce the order.  


Samsung Engineering wins top energy award

Samsung Engineering has won top honours at the 16th annual Platts Global Energy Awards, the industry’s most prestigious and recognised awards programme. It received the ‘2014 Premier Project Award’ in the engineering category for its Sonatrach Skikda Rehabilitat


Iran hackers may target US energy firms, FBI warns

The Federal Bureau of Investigation (FBI) has warned US businesses to be on the alert for a sophisticated Iranian hacking operation whose targets include defense contractors, energy firms and educational institutions, according to a confidential agency document.


Libyan rivals clash over eastern oil ports and Tunisia crossing

Armed factions allied to Libya's two rival governments fought over eastern oil ports and the main border crossing to Tunisia, forcing closure of the two biggest oil export terminals, officials said.   In clashes reminisc


S Korea's Iran oil imports up, but not breaching sanctions

South Korea's imports of Iranian crude oil rose 6.5 per cent in November from a year earlier, but shipments for the first 11 months of the year were still below the 2013 average, in line with international sanction requirements.  


Opec's decision to retain market share, says Kuwait

Kuwait's oil minister said that Opec's decision last month to keep output unchanged was intended to retain market share, even if it meant that it "would negatively affect prices, state news agency Kuna


Iran imports gasoil after months, but unlikely to continue

Iran resumed gasoil imports this quarter after a gap of several months on rising consumption of heating oil during winter, but the arrivals are unlikely to continue as the demand is only seasonal, industry sources said.   Ir

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