Wednesday 3 September 2014
 
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Aramco seeks interest for unconventional gas work

Four companies have expressed interest in bidding for work on unconventional gas in Saudi Arabia as the world's top oil exporter pushes ahead with plans to develop challenging shale deposits, industry sources said. The companies are South Korea's GS Engineering and Constr

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Morgan Stanley to set up natural gas export plant

Morgan Stanley has quietly filed plans to build and run one of the first US compressed natural gas export facilities, the first sign the bank is plunging back into physical commodity markets even as it sells its physical oil business. In a 23-page application to the US Department

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$480m solar power project planned for Myanmar

US investors will help finance a $480 million solar power project in Myanmar's northeastern Mandalay region, which will ultimately provide up to 12 per cent of the country's power generation, the US Trade Representative and an investment manager said on Thursday. Under an

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Iraqi Kurdistan oil shipments hit 8m barrels

Iraqi Kurdistan has shipped over eight million barrels of oil from the Turkish port of Ceyhan since May, sources and energy officials said, as the autonomous region employs new tactics to establish independent oil sales in defiance of Baghdad. The 11th tanker sailed from the port

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Oil prices drop to $102 a barrel

Brent crude oil fell towards $102 a barrel on Thursday, depressed by ample supply and lacklustre demand as global economic growth remains tepid. Oil supply is expected to exceed demand this year, analysts forecast, and crude oil benchmarks on both sides of the Atl

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Irena to host global energy conference

The Abu Dhabi-based International Renewable Energy Agency (Irena) will host a conference on the changing power sector next month. On the occasion of the launch of its first institutional publication ‘Rethinking Energy’, Irena will host a presentation and discussion about th

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Brent price drops to lowest in 14 months

Weak demand, combined with more than enough oil production, caused the Brent oil price to drop below $100 per barrel (bbl), the lowest level in 14 months, according to a report. Iraqi Kurdistan increased oil production and Libya also reported higher oil exports, as a result of wh

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Dearth of oil finds threatens long-term supplies

Explorers are finding so little oil, many are retreating from high-risk frontier areas to safer bets like North American shale, executives at a major Norway oil conference said. This will likely force them to buy expensive discoveries once investor sentiment shifts focus to reserves from cash

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BP says Whiting refinery still in production after fire

  One worker was taken to an area hospital for treatment, but was later released, the company said.   BP said operations at the 413,500 barrel per day (bpd) Whiting refinery "were minimally impacted as a result of the incident and the refi

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Global renewable energy expansion to slow to 2020: IEA

Last year power capacity from sources such as wind, solar or hydro expanded at its fastest pace to date, putting renewables on a par with natural gas at almost 22 per cent of global electricity generation.   However, annual growth in renewables capacity will slo

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