Tuesday 22 July 2014

Iraq Kurds reject Dana Gas view on payments

Iraq's autonomous Kurdish region has rejected a statement by UAE's Dana Gas that a London tribunal had awarded the company the right to receive some outstanding payments from the Kurdish government. Dana Gas, one of the largest oil and gas investors in the northern Kurdis


Bapco achieves new safety milestone

Bahrain Petroleum Company (Bapco) and contractor employees achieved a new record in safety by completing one million-hours without a lost time injury (LTI) on July 8.   Bapco's deputy chief executive for refining and marketing and chairman of the environment


Gasco to buy 100 Merc-Benz trucks from Jipco

Saudi Arabia’s National Gas and Industrial Company (Gasco) has signed a deal with Juffali Industrial Products Company (Jipco), the exclusive agent for Mercedes-Benz Trucks in the kingdom, to acquire 100 trucks for a total value of SR39.5 million ($10.5 million).  


CB&I wins additional technology deals in Oman

CB&I, a leading energy infrastructure-focused company, has won additional contracts from Oman Oil Refineries and Petroleum Industries Co (Orpic) for the Liwa Plastics Project in the Sultanate.   The scope of work will include the license and engineering desi


Sohar refinery to restart units after maintenance

Oman Oil Refineries and Petroleum Industries Co (Orpic) has completed scheduled maintenance at some refining units at Sohar refinery with a planned start-up this week, the operator said.   The refinery has capacity to process 116,000 barrels per day of Omani cru


US must decide on crude export ban: IEA chief

The United States must decide soon whether to overturn its nearly 40-year ban on oil exports or it risks inhibiting output from the domestic drilling boom, the executive director of the International Energy Agency said on Tuesday. "Do you want to be an energy island that is


GPIC bags key ISO quality certification

Bahrain-based Gulf Petrochemical Industries Company (GPIC) has secured the ISO 17025:2005 quality standard certification.   The certification relates to general requirements for efficiency testing laboratories, calibration by the International Service for Reliab


India considers selling $3bn stake in ONGC

Indian Prime Minister Narendra Modi's government will decide next month on the sale of a $3 billion stake in state oil firm ONGC, in a major test of whether he will follow tentative reforms outlined in his first budget with actions. The nationalist leader won May's parlia

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