Monday 5 October 2015

Global speaker line-up for IPTC

Top global oil and gas industry experts are confirmed to speak at the ninth International Petroleum Technology Conference (IPTC), an annual event rotating between Asia Pacific and the Middle East, later this year in Doha, Qatar. The event, to be held at the state-of-the-art Qatar


Kuwait rules out oil producers' summit

A summit of Opec and non-Opec, as suggested by Venezuela, would be pointless as independent producers are not committed to cutting output, Kuwait's oil minister said on Monday. "The problem is that there is no commitment from the countries outside Opec on what they would


Opec focuses on rival mega projects

After almost a year of painfully low oil prices, Opec members are beginning to believe they are winning against upstart US shale producers in a short-term market share contest. Yet insiders and experts say Opec is looking for a longer-lasting impact on other high-cost production


Korea firm commissions biomass power plant

South Korea’s GS EPS, a top power generation company in which Oman Oil Company (OOC) has a 30 per cent stake, has inaugurated the largest biomass power plant in Asia, a report said. The plant has a capacity of 105 MW and is built at a cost of about $273 million, added the


Shell to cease further exploration in Alaska

Royal Dutch Shell said it would cease exploration activity in offshore Alaska for the "foreseeable future" and take a writedown of about $4.1 billion after failing to find enough oil in the region. The company said it did not find sufficient amounts of oil and gas in th


Oil prices begin to bite US production

Oil prices have finally crept up on drilling and production levels in the US, a report said, adding that the onshore rig count has continued to soften as many operators have chosen to wait for improved economics to continue operations. In other cases, smaller companies such as Sa

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