Questerre Energy Corporation’s significant discovery on its oil shale acreage in Jordan was recently assessed by an independent qualified resource evaluator, Millcreek Mining Group.
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Oil to play key role in future, says Aramco chief
With the anticipated growth of the world’s population by an additional two billion people by 2050, the overall demand for energy is expected to be substantially higher than it is today. This higher demand will be met through all energy sources.
Iran rejects India’s threats to cut oil imports
Oil minister Bijan Zangeneh has stated that Iran was open to negotiations with India on the contract for the Farzad-B gas field, but stressed that Tehran would not accept the language of threat
Amec wins deal for oil-fired power plant in Jordan
This is a significant project for Amec Foster Wheeler with GPEC, which won the EPC contract in 2014 for the $2.1bn-worth 554-megawatt shale oil-based power plant
GCC Petroleum Media Forum to award Saudi oilman
Dr Ibrahim Al-Muhanna will receive the Honorary Lifetime Achievement Award for the Advancement of International Petroleum Media at the 3rd GCC Petroleum Media Forum in Abu Dhabi on 19th April 2017.
Oil market to see partial recovery in 2017-18: AEO
The Arab Economic Outlook bases its prediction on the fact that as per the output cut deal, OPEC has adjust oil production by 1.2mn barrels per day, and the non-OPEC oil producing countries have reduced their output by 0.6mn bpd in the first half of 2017
Oleo sponge soaks up oil spills from water column
Argonne National Laboratory invents reusable sponge that soaks up oil; could revolutionise oil spill and diesel clean-up, reveals Louise Lerner, lab science writer and editor of Argonne Now, the lab’s semi-annual science magazine.
Oman Oil Co reportedly seeking divestment advice
State-owned Oman Oil Company has reportedly asked international investment banks to pitch for roles to advise on plans to restructure its portfolio
Aramco delivers 4 oil shipments to Egypt in March
Saudi Arabia agreed in April last year to provide Egypt with 700,000 tonnes of refined oil products a month for five years, but the cargoes stopped arriving in early October
Arab oil reserves amount to 710bn barrels in 2017
The Organisation of Arab Petroleum Exporting Countries (OAPEC) controls reserves of about 710bn barrels, accounting for 55.6% of the world’s total reserves, in early 2017, the cartel has announced