Analysts say oil prices could return to above $100 per barrel again, sooner than expected
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Posted inProducts & Services
Oil smuggling worth millions of dollars can be prevented using technology, experts say
Iraqi experts believe that hundreds of billions of dollars can be saved every year if Iraqi authorities utilise simple and low-cost technologies in preventing the theft and smuggling of Iraqi oil, according to an Arabian Business report. Oil theft costs the country $750 million every month, which is about $9 billion every year, which is […]
Posted inPeople
Oil and gas job openings remain high in FIFA World Cup host country Qatar
Ahead of the World Cup, demand for oil and gas jobs, especially petroleum engineers remains high
Posted inMarkets
India will continue to buy Russian oil as both countries expand trade ties
India will continue buying Russian oil because it benefits the country, Reuters reported India’s foreign minister as saying after meeting his Russian counterpart for the fifth time this year on Tuesday, adding that the two countries were expanding their trade ties. Subrahmanyam Jaishankar is visiting Moscow for the first time since the Russia-Ukraine war began […]
Posted inNews
Wildly diverging paths ahead for oil and gas markets
With an expected demand surge in China, COP27 in Egypt, and the next OPEC meeting in December, the near-term uncertainty of oil and gas markets makes it incredibly difficult to think further out
Posted inNews
COP 27: Kuwait pledges carbon neutrality in oil and gas by 2050
Foreign Minister Salem al-Sabah said carbon-neutrality is “a solid serious pledge” for the OPEC producer
Posted inEnergy Transition
COP 27: UAE to continue supplying oil and gas to the world
The UAE is a responsible energy supplier and will continue to play this role as long as the world needs oil and gas, its president said at the opening of the UN Climate Change Conference on Nov. 7. “The UAE is a known as a responsible supplier of energy and will continue to play this […]
Posted inNews
Al-Aydan appointed as CEO of Kuwait Oil Company
The Kuwait Petroleum Corp (KPC) has appointed Ahmed Jaber al-Aydan as CEO of Kuwait Oil Company, state news agency KUNA reported on Sunday. Additionally, Wadha al-Khateeb was named CEO of Kuwait National Petroleum Company (KNPC). New leaders were also chosen for Kuwait Integrated Petroleum Industries Company (KIPIC) and other state companies in the sector. In […]
Posted inExploration & Production
Top 5 oil and gas contracts in the Middle East: October 2022
In case you missed the announcements, here is a list of the top five contracts secured for oil and gas projects in the region