Sunday 20 April 2014
 
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natural gas

Sabic CEO eyes expansion abroad as Q1 profit dips

Saudi Basic Industries Corp (Sabic) reported a dip in its quarterly earnings on Sunday as its chief executive said a shortage of natural gas was limiting its domestic growth, making expansion abroad vital. Sabic, the biggest liste

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Technip, China firm win Basra contract

Technip, in partnership with China HuanQiu Contracting & Engineering Corporation (HQC), has won a front-end engineering design (Feed) contract for Ar Ratawi Natural Gas Liquids (NGL) train1 project at North Rumaila in Basra Province,

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Natural gas to dominate energy sector till 2035

Natural gas will be the fastest growing energy source until 2035, according to the latest BP Energy Outlook 2035. Between 2012 and 2035, natural gas demand is expected to grow by an average 1.9 per cent per year, outpacing all oth

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Bahrain plans LNG plant; oil output boost

Bahrain is planning to build a liquefied natural gas (LNG) plant, said a senior government official, adding that the National Oil and Gas Authority (Noga) has already conducted the feasibility studies into the project. Finance Min

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More refinery closures on the cards for 2014: IEA

An 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 distill

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Mena energy spend to hit $1 trillion

More than $1 trillion of investments are needed by 2030 to meet demand for gas and electricity in the Mena region, according to analysis by IHS. Sharing its perspective during Abu Dhabi International Petroleum Exhibition and Confe

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Natural gas demand set to soar

Natural gas is likely to grow in importance over the next few years, with the Middle East, China, Africa and India in particular set to record significant increases in demand. Demand for natural gas is expected to increase steadil

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Iraq signs deal to import Iranian gas for power

Iraq has signed an agreement to import natural gas from Iran for power generation, the electricity ministry said on Monday, in a move that could interfere with US efforts to cut off funds for Iran's nuclear development. Under

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GCC natural gas projects ‘worth $73bn’

The total worth of natural gas projects currently under development in the GCC states is as high as $73 billion, a top official said. The projects include those in the tendering or EPC (engineering, procurement and construction) p

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ACC to substitute natural gas with coal

Egypt-based Arabian Cement Company (ACC) has taken all steps needed to substitute natural gas with coal and refused derived fuel (RDF) as energy sources in its plant, said its CEO Jose Maria Magrina. He said that the company has a

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