Tuesday 29 July 2014

US court orders seizure of Kurdish crude cargo

Acting on a request from the central government in Iraq, a US judge has signed an order telling the US Marshals Service to seize a cargo of oil from Iraqi Kurdistan aboard a tanker off the coast of Texas, court filings showed early on Tuesday. To carry out the order from Magistra


Iraqi Kurdish crude tanker cleared to unload off Texas

A tanker carrying crude oil from Iraqi Kurdistan was cleared by the US Coast Guard to unload its cargo at sea off Texas on Sunday as a State Department official signaled Washington would not intervene to block delivery of the controversial crude.


Iraqi Kurdish oil nears Texas port for likely offloading

A tanker carrying crude oil from Iraqi Kurdistan has neared the Port of Galveston in Texas, according to Reuters ship tracking data and the US Coast Guard, despite Washington's concerns about independent oil sales from the autonomous region. The Marshall Islands-flagged tanke


Taqa Arabia to expand its fuel stations network

Qalaa Holdings (formally Citadel Capital) has announced that its energy sector subsidiary Taqa Arabia aims to expand its network of fuel stations in Egypt through Taqa Oil Marketing Company. The company currently offers comprehensive services with the highest levels of quality, t


PSIL names global sales director; eyes ME expansion

UK-based Process Systems International Limited (PSIL), one of the world's leading developers of specialist pump engineering for the energy and chemicals sectors, has appointed experienced global business development professional Darren Cowley as sales director as it pushes for significant g


Algeria's Sonatrach replaces CEO

Algeria's state energy company Sonatrach has replaced its chief Abdelhamid Zerguine with vice president for production Said Sahnoun, a senior Sonatrach source told Reuters on Saturday. The source, who asked not to be identified, gave no details, but Sonatrach is under pressur


KBR wins key Abu Dhabi oil filed contract

KBR, a global engineering, construction and services company, has annnounced that has been awarded a contract by Hyundai Heavy Industries to perform engineering design services for the Abu Dhabi Marine Operating Company's Al-Nasr full field development project, located offshore Abu Dhabi.


Iraqi Kurdish oil nears US port despite concerns

A tanker carrying crude oil from Iraqi Kurdistan is just two days away from arriving at a US port, according to ship tracking satellites, despite Washington's long-standing concern over independent oil sales from the autonomous region. &n


India pays final tranche of oil dues to Iran

India paid a third and final instalment of $550 million to Iran on Thursday, three industry sources said, part of the frozen funds released to Tehran in the interim deal with world powers.   Under a pact reached in November,


Taqa pulls out of $1.6bn India power deal

Abu Dhabi National Energy Co (Taqa) is pulling out of a $1.6 billion deal to buy two Indian hydroelectric power plants because of "a change in strategy", a senior Taqa official told Reuters on Thursday. The official, who declined to be named under briefing rules, did no

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