Saturday 1 October 2016

Upstream oil sector must transform: Aramco CEO

The global upstream oil and gas industry needs to move away from a “business as usual” approach and capitalise on opportunities to transform itself to be at the forefront of the world’s energy industry, Saudi Aramco CEO has said.   Amin H Nasser  was de


Bahrain planning new oil and gas projects

Bahrain is continuing to develop its oil and gas reserves to increase production, despite the dip in oil prices, Oil Minister Shaikh Mohammed bin Khalifa Al Khalifa was quoted as saying by the Gulf Daily News,our sister publication. To read further, please visit


Bapco refinery expansion bids by year-end

Bahrain's oil minister said on Monday he expected bids for the engineering, procurement and construction work for the state-run Bahrain Petroleum Company (Bapco) refinery expansion project to be received by the end of this year. Sheikh Mohammed bin Khalifa al Khalifa told an


Iran downplays chances of oil deal

Iran downplayed on Monday the chances of Opec and non-Opec oil producers clinching an output-restraint deal in Algeria this week even though several other members of the group hoped for steps to tackle a price-eroding glut of crude. Iran downplayed on Monday the chances of Opec a


Adwea hires ex-Taqa executive as director-general

A former executive of Abu Dhabi National Energy Company (Taqa) has been appointed as director-general of the Abu Dhabi Water & Electricity Authority (Adwea), its spokesman said on Monday. Saif Saleh Al-Sayari, formerly head of energy solutions at Taqa, is the new director-gen


UAE backs output freeze to support oil markets

The United Arab Emirates said on Monday it would back a global freeze in oil output to bolster prices, while some Opec delegates predicted a meeting of producing countries in Algeria this week could still yield a deal to restrain supply. Oil prices have more than halved from 2014


GlassPoint showcases solar solutions for oil production

GlassPoint Solar, a leading supplier of solar solutions to the oil and gas industry, is showcasing its proven solar steam generating technology at the Society of Petroleum Engineers Annual Technical Conference and Exhibition (SPE ATCE), taking place this week in Dubai at the World Trade Center,


GCC oil industry 'must focus on sustainability'

GCC oil companies must have an immediate focus on economic sustainability if they are to maintain the value of the region’s natural resources into the future, a senior oil official in Oman has said. Oil companies across the region must challenge the way they work if they ar


Oil rises amid volatility as Opec meets

Oil rallied on Monday as the world's largest producers gathered in Algeria to discuss ways to support the market, with nervous trade driving volatility to its highest since exporters met in April. Scepticism about any deal being reached has prompted money managers to cut thei


Aramco CEO says studies several foreign exchanges for 2018 listing

Saudi Aramco continues to look at several overseas exchanges including New York, Hong Kong and London for a listing in 2018 of a part of the state-owned oil company, CEO Amin Nasser said.   "This thing will happen in 2018," he told reporters on the sid

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