Tuesday 22 July 2014
 
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Oil

China's oil imports from Iran rise 50pc

China's crude imports from Iran in the first half of the year were up nearly 50 per cent, although shipments in June dropped nearly a third from May to the lowest level in four months. &nb

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Sonatrach to spend $100bn to boost oil, gas

Algerian state energy group Sonatrach has approved a $100 billion investment plan for 2014-2018 to increase oil and gas output and also aims to start producing shale gas in 2020, the official APS news agency reported. Opec member

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Oil demand to rise, price to average $109: Report

Oil demand is expected to rise in the third quarter of this year due to the summer peak season and a sustained recovery in the US economy plus steady growth in China, a report said. Non-Opec supply will exceed global demand growth

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Forum to discuss key oil and gas issues

Key issues facing the oil and gas sector in the region will be discussed at a forum being organized in Bahrain in September. The 3rd annual Project Management Institute Arabian Gulf Chapter (PMI AGC)-DMS Energy Forum will be held on Sep

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Iraqi Kurds start to pump oil from Kirkuk

Iraq's autonomous Kurdish region has begun to pump oil from Kirkuk fields previously controlled by Iraq's central government into the pipeline system that runs in its own territory, a senior Iraqi oil official said on Thursday.

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CB&I wins additional technology deals in Oman

CB&I, a leading energy infrastructure-focused company, has won additional contracts from Oman Oil Refineries and Petroleum Industries Co (Orpic) for the Liwa Plastics Project in the Sultanate.   The scope of

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Shale - a revolution in the making for many years

By now everyone knows the shale revolution was made possible by the combination of horizontal drilling and hydraulic fracturing. But although fracking has captured the popular imagination, and is often used as a synonym for the wh

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Oil near 3-month low as supply fears ease

Brent crude oil steadied around $107 a barrel on Monday, close to its lowest in three months after weeks of heavy falls on signs of improving supply from key producers and continued weak demand. The North Sea benchmark peaked abov

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Oil heads for 3rd weekly loss, Brent above $108

Oil prices were heading for their third straight weekly loss on Friday as worries about supply disruptions in the Middle East and North Africa eased, although Brent stayed comfortably above $108 a barrel.   Brent

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India pays $550m oil dues to Iran

India paid a second installment of $550 million in oil dues to Iran on Tuesday (July 8) under an interim deal that allowed Tehran access to $4.2 billion in blocked fund globally, two industry sources said.   Asia

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