Oil & Gas Middle East presents its annual list of the upstream sector’s most influential figures
Search results
Iran’s NIDC expands oil and gas drilling in FY2016
the National Iranian Drilling Company has completed drilling operations in 193 exploration, appraisal, repair and production oil and gas wells during the previous fiscal that ended on March 20
TAQA posts $5bn loss for 2016 due to tax payment
The Abu Dhabi National Energy Co or TAQA’s net loss was largely fuelled by a $4.6bn post-tax impairment, related to its oil and gas assets
Genel slashes Kurdistan field reserves estimate
The company said it expected to book an impairment against the carrying value of its holding in the Taq Taq field by $181mn in its 2016 accounts, blaming significant uncertainties around the oil reserves in the field
Taiwan increases Kurdish KBT crude imports
State-owned CPC Corp bought 1mn barrels of Kurdish KBT crude for the first time in the second quarter, and Formosa Petrochemical Corp has resumed purchases of this grade after a near nine-month break
Market to determine OPEC cut extension: Al-Luaibi
The output cut deal has elevated the price of crude to more than $50 a barrel but helped US shale oil producers boost their output, hampering efforts to reduce global stockpiles
Saudi exports to US to fall by 300k bpd in March
The United States imported about 1.3mn bpd from OPEC’s top exporter in February
OPEC output cut compliance at 140% in February
Supply cut reports from different OPEC members indicate a high level of compliance, contrary to prior expectations about commitment to the deal
Cover Story: Contracting expertise
Alan McLean, executive vice president of the oil & gas business of SNC-Lavalin says an order book replete with energy engineering projects in the MENA region is helping the Canada-based EPC contractor survive the prevailing downturn in the energy industry
New Dragon Oil chief to drive growth strategy
Industry veteran Ali Rashid Al-Jarwan to lead ENOC-owned subsidiary