Industry expert says increase in production is more likely
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Posted inProducts & Services
UAE O&G companies step up technology investment
ADNOC is leading the list of top biggest technology investors in the Emirates
Posted inProducts & Services
Middle East safety standards not good enough
Call for improvement despite upturn over last five years
Posted inNews
Jahar Gas field falls to IS
Capture of two gas fields in a week will bolster IS’ position.
Posted inNews
Egypt signs $350mn deals with Saudi Arabia
The agreement will help Egypt upgrade its power grid and secure imports of petroleum products
Posted inNews
Chevron beats third quarter earnings
The company reported net income of $5.59bn beating consensus estimate by $590mn
Posted inProducts & Services
Petrofac bags contract for Iraq expansion project
The 12-month extension will be worth around $106mn bringing the total value of the contract to more than $300mn since it was first awarded in 2012
Posted inNews
BP awards $9.5bn contracts for Shah Deniz
Total expenditure for Shah Deniz 2 is expected to reach about $4.5bn in 2014
Posted inNews
Rosneft’s profits slump as weak rouble takes toll
Rosneft will request 2 trillion roubles in assistance to help mitigate sanctions.
Posted inNews
India to increase Saudi crude purchases
India will also increase its LPG imports from KSA