Industry veteran Ali Rashid Al-Jarwan to lead ENOC-owned subsidiary
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Global LNG demand set to grow 4-5% by 2030
Many expected a strong increase in new LNG supplies would outpace demand growth during 2016. Instead, demand growth kept pace with supply as greater than expected demand in Asia and the Middle East absorbed the increase in supply from Australia.
Libya’s biggest oil port seized by armed group
The Benghazi Defense Brigades, a militia that’s not allied to the United Nations-backed government in Tripoli, took control of the Es Sider terminal, which had previously been under the control of eastern-based military commander Khalifa Haftar
Lukoil of Russia plans Middle East expansion
The company is currently involved in Iraq, with 400,000 bpd of oil production, and in Egypt, with 6,000 bpd
Dana Gas sukuk drops as market’s concern rises
Dana Gas became the first UAE entity to fail to repay a bond on time in 2012, a default that eventually led to a consensual bond restructuring which some analysts described as a sign of growing sophistication in the region’s debt market
Sandvik establishes regional headquarters in Dubai
Sandvik has secured a number of strategic projects offshore Egypt to provide a comprehensive scope of Sandvik oil and gas solutions for the ongoing giant gas field developments in the region.
ADNOC to invest in E&P, technology and people: CEO
Sultan Al Jaber says by 2040, the world will require 25% more energy that is the equivalent of adding the current energy draw of North America and South America combined
Libya NOC to boost output to pre-Arab Spring level
State-owned company to explore partnerships with service firms at event in Algeria in March as it aims to reach 1.2mn bpd by year-end
Cover Story: Determined defiance
Ahmed Kenawi, senior MENA vice president of Halliburton, talks about how the world’s second largest oilfield services company is banking on its core strengths and R&D-fuelled offering to stay competitive and consolidate its position
Dana Gas reports net profit of $33mn for 2016
The company continued to remain profitable in 2016 despite taking a charge on the currency devaluation in Egypt and a lower share of production