The Platts MEM will cover the spot price of cargoes delivered into Middle East ports as well as in Pakistan, where LNG imports have climbed from 5.9 bcm of gas in 2014 to 28.6 bcm in 2016
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OPEC chief confident in commitment for cut deal
Top exporter Saudi Arabia and Kuwait said they had cut production by more than they committed to, and Iraq, OPEC’s 2nd largest producer, said it too had reduced production and exports
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Al Mazrouei urges others to report oil output cuts
Suhail Al Mazrouei said on Wednesday that Opec and non-Opec producers who have agreed to restrict their output over the next six months need to demonstrate that they are being implemented in order for their initiative to stabilise oil prices
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5 Minutes With: Dick McAdam
Oil & Gas Middle East delves beneath the corporate strategy to understand what really makes the industry’s leaders tick
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Go big or go home
Marc Heerink says Fluor’s experience on multi-billion-dollar mega plants, coupled with its integrated ‘OneFluor’ strategy, will enable the EPC giant to maintain and grow its sizeable market share in the Middle East, regardless of the oil price
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Adept wellheads key to sector’s total wellness
Efficient wellheads and equipment that reduce risks as well as maintenance costs in the prevailing market conditions, besides helping operators optimise production efforts, remain a core requirement of the regional upstream industry
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Cover Story: Ringmaster of gaskets
Sealing equipment provider Flexitallic is consolidating its position as a leading supplier of gaskets to the oil and gas industry by offering innovative and effective products, and eyeing regional and global expansion
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ADNOC plans oilfield maintenance to cut output
Field maintenance is expected to reduce Murban crude exports in March and shipments for Das crude in April
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KSA to raise February term crude prices to Asia
The official selling price (OSP) for flagship Arab Light crude could rise by at least 50 cents a barrel for February
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Iran catching up to KSA in Japan oil market
Iran gains in Japan oil market, but KSA maintains the lion share, with UAE second in list, Qatar third, and Kuwait, on par with Iran, has the fifth biggest stake in Japanese market