Sunday 28 August 2016

Iraq set on expanding oil output to gain market share

Iraq is willing to play an active role within Opec to support oil prices but will not sacrifice its goal of expanding market share and will continue to ramp up output, its oil minister said on Saturday. Jabar Ali al-Luaibi, on a visit to the southern oil city of Basra, renewed ca


Venezuela, Iran seek accord for oil market stability

Venezuela and Iran continue to seek consensus on ways to stabilize oil markets and strengthen Opec, Venezuelan President Nicolas Maduro said on Saturday, following a meeting with Iranian Foreign Minister Mohammad Javad Zarif. "We continue to build common ground and a new con


Iran detects malware in petchem plants

Iran has detected and removed malicious software from two of its petrochemical complexes, a senior military official said on Saturday, after announcing last week it was investigating whether recent petrochemical fires were caused by cyber attacks. The official said the malware at


Iraq vows to play active role in propping up oil prices

Iraq is willing to play an active role within Opec to support oil prices, its Oil Minister Jabar Ali Al-Luaibi said on Saturday, without clarifying whether it was prepared to back a possible agreement to freeze output. "Iraq is seeking to play an active role in order to supp


Iran sets terms for backing oil producers meet

Iran will help other oil producers stabilise the world market so long as fellow Opec members recognise its right to regain lost market share, the country' oil minister said on Friday ahead of next month's meeting of the oil exporters group. Iran will help other oil produc


Oil prices fall as Saudi Arabia dampens prospects of output freeze

Oil prices fell on Friday after the Saudi energy minister tempered expectations of strong market intervention by producers during talks next month, and as analysts pointed to an ongoing supply overhang that was weighing on markets. International benchmark Brent crude oil prices w


Clean energy investment tops agenda at Wetex

Investing in clean energy will top the agenda of discussions during the 18th Water, Energy, Technology, and Environment Exhibition (Wetex 2016), to be held in Dubai, UAE, in October. Dubai Electricity and Water Authority (Dewa), which organises the event to be held from October 4


S Africa ‘new hotspot for wind installation’

South Africa is the new hotspot for wind installation and has great potential for capacity addition over the next four years, according to research and consulting firm GlobalData. Over 3 gigawatts (GW) is expected to be installed by 2020, bringing the country’s cumulative c


Global leaders to attend World Energy Forum

More than 2,000 world leaders, corporate executives and trade delegates are expected to attend the


Technip signs deal with BTG Bioliquids to build biomass-to-oil plants

Technip has signed an exclusive cooperation agreement with BTG BioLiquids (BTL) to provide engineering, procurement and construction (EPC) services for its modular pyrolysis plants. The plants will be based on BTL’s Fast Pyrolysis Oil (FPO) technology which converts biomass

 1 2 3 4 5 >  Last ›

calendarCalendar of Events