The official selling price for Arab Light could rise by 20-50 cents a barrel in October, its highest in at least six months
Search results
Posted inProducts & Services
ADNOC cuts October crude allocation to customers by 10%
The reduction comes as OPEC member UAE is working to improve its compliance with the OPEC/non-OPEC pact to reduce oil supplies
Posted inProducts & Services
Dana Gas’ H1 2017 profit soars by 77% at $23mn
The Sharjah-based private natural gas producing company attributes positive financial results to a range of factors including increased revenues, receipt of financial claims from Kurdistan and operational excellence measures
Posted inNews
August 2017 Cover story: Charting a new course
Weir Oil & Gas is exploring new opportunities for growth in EMEA, led by a spirited new regional leader, who says he is prepared to tackle competition from formidable rivals in the oilfield services market with a fullstream portfolio, backed by R&D
Posted inProducts & Services
TAQA announces start of production from Kurdistan oil block
Output from the Atrush oil block in Iraq’s Kurdistan began in July, and will ramp up during the course of this year, the Abu Dhabi-based energy company has announced in its financial statement for H1 2017
Posted inExploration
DNO receives $39.59mn from Kurdistan for May 2017 crude oil deliveries
The funds, to be shared pro-rata by DNO and partner Genel Energy, include US$33.21 million towards monthly deliveries and US$6.39 million towards recovery of outstanding receivables.
Posted inNews
OPEC July output hits 2017 high of 32.82mn bpd: Platts
Libya and Nigeria along with increased output from Saudi Arabia in the peak summer season is now in full swing, have sent OPEC’s collective output about 920,000 bpd above its nominal ceiling of around 31.9mn bpd
Posted inNews
Awards 2017: The support of partners
Here, we meet two of the sponsors whose support will help to make this year’s ceremony a remarkable success
Posted inProducts & Services
Life Lessons: The importance of talking
Hugh Fraser, founder and managing partner of HFI Consulting International, describes how his carefully honed communication skills and relationship building abilities are paving the way for businesses that are looking to expand in the Middle East
Posted inNews
Comment: Sheikh versus shale
Growing shale output and stagnant oil demand in the Western world undermine the Middle East’s efforts to restrict the global supply, and thereby stand in the way of the rise of crude oil prices, according to Julius Baer’s Norbert Rucker