Tuesday 29 July 2014
 
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natural gas

Egypt restarts $10bn gas project with BP

Egypt's oil minister said on Thursday that BP'S $10 billion natural gas project in the North Alexandria concession, stalled for the past three years, had restarted and that production would begin in 2017. Sherif Ismail tol

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Egypt plans to raise $2.5bn for gas imports

Egypt wants to raise $2.5 billion to cover natural gas imports until the end of December, an energy official said on Wednesday, providing no details on how the government might raise the funding. Khaled Abdel Badie, head of state-

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Bahrain plans natural gas facility expansion

A feasibility study is currently underway that may see an expansion of Bahrain's natural gas production facilities, a top official has said. Talking to the Gulf Daily News, our sister publication, on the sidelines of the Meed

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Egypt to lift natural gas prices for homes, businesses

Egypt plans to double the price of natural gas piped into some homes and businesses from next month, but the move will trim its huge fuel subsidy bill only slightly because few premises are connected to the gas network. Energy pri

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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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