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Scottish oilfield firm expands in MideastScotland-based oilfield service company Romar International has entered a two year agreement with Step Oiltools to represent the company in the Middle East. This agreement follows on from a successful contract already in place with Step Oiltools to promote Romar’s range of More… |
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Global oil demand growth 'gaining momentum'Surging oil demand and faltering supplies mean oil prices face upside risks over the next few months, the West's energy watchdog said. The International Energy Agency (IEA) said in its monthly report that after eight consecutive quarters of contraction, oil demand in the worl More… |
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Taqa targets $20m saving with HQ restructureAbu Dhabi National Energy Company (Taqa), an international energy and water company, aims to reduce general and administrative costs by more than $20 million in 2014 with a reorganisation at its headquarters. “The corporate centre has grown over recent years to enable us to More… |
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Total seals Oman deepwater drilling dealTotal has signed an exploration and production sharing agreement (PSA) for a deepwater block offshore Oman, the French company said in a statement on Thursday. Block 41, which lies off the Omani coast northwest of the capital Muscat, covers almost 24,000 sq km of seabed at depths More… |
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Egypt in gas price talks with foreign firmsEgypt is still in talks with foreign energy companies to change the amount the government pays them for natural gas produced in the country and there is no timeline for when negotiations will finish, an oil ministry spokesman said. Officials have said they hope revised prices wil More… |
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Exxon offers rare Saudi gasoil term contractExxon Mobil has offered gasoil cargoes through a rare term tender from its joint-venture refinery in Saudi Arabia, in a further sign that the country is becoming more self-sufficient in meeting its gasoil needs. Gasoil from the Saudi Aramco Mobil Refinery Company (Samref) refiner More… |
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40 Chinese firms to exhibit at energy summitMore than 40 Chinese companies have signed up for the 2014 World Future Energy Summit to be hosted by Masdar in Abu Dhabi next year. The summit will take place from January 20 to 22 in Abu Dhabi, as part of the Abu Dhabi Sustainability Week. It will be co-located with the second More… |
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More refinery closures on the cards for 2014: IEAAn increase in new oil refining capacity and a rise in production of fuel not processed at refineries will lead to more plant closures in 2014, the International Energy Agency (IEA) said in its latest monthly report. Crude distillation capacity will increase by a net 1.1 million More… |
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Libya’s eastern oil ports likely to reopen SundayLibya's oil security force expects an eastern autonomy movement to reopen seized export ports this weekend as promised, the force's commander said on Wednesday. On Tuesday, leaders of a tribal autonomy movement blocking three ports that had exported around 600,000 barrels More… |
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Saudi plans to double power generationSaudi Arabia is currently overseeing the largest electrical supply expansion plan in the Middle East, with plans to increase generating capacity from 55 GW to 120 GW by 2020, said the organisers of an upcoming energy event in Riyadh. Riyadh Exhibitions Company (REC) has partnered More… |
