Sunday 1 March 2015
 
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oil and gas

Iran to spend $4.8bn from sovereign fund on oil projects

Iran will withdraw up to $4.8 billion from its sovereign wealth fund to spend on developing its oil and gas fields next fiscal year under a proposal approved by parliament. The decision to dip into the National Development Fund un

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Egypt to auction 8 exploration blocks

Egypt will hold an international auction for eight oil and natural gas exploration blocks in the Mediterranean Sea, the oil ministry said, as the government seeks to boost production to curb persistent energy shortages. Khaled Abdel Bad

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Egypt to auction 8 exploration blocks

Egypt will hold an international auction for eight oil and natural gas exploration blocks in the Mediterranean Sea, the oil ministry said, as the government seeks to boost production to curb persistent energy shortages. Khaled Abdel Bad

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Arabtec wins $253m of Saudi oil and gas work

UAE-based builder Arabtec said a wholly-owned subsidiary had won Dh930 million ($253 million) of contracts in Saudi Arabia's oil and gas industry. The projects include upgrading liquefied gas and refinery facilities for nation

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Global oil & gas contracting levels on decline

The number of major contract awards across the global oil and gas industry has steadily declined during the last quarter of 2014, dropping to 117 contract awards, a 22 per cent decrease compared to 150 in Q3 2014, but on par with the 118 contrac

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Dana Gas Egypt production up 8pc in 2014

UAE-based Dana Gas increased average production of gas, LPG, condensate and crude oil in Egypt during 2014 to around 40,000 barrels of oil equivalent per day, marking an increase of 8 per cent over the average output in the previous year.

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Egypt inks $97m oil and gas investments

Egypt has signed two new agreements to search for natural gas and oil in the Nile Delta region with UAE’s Dana Gas and a UK firm with investments estimated at a minimum of about $ 97 million, a report said. The first agreeme

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Hottest year in history a mixed blessing for business

Electric utilities in the US can expect an extra $12 billion a year in annual revenue by 2030 as heat waves increase the demand for air conditioning. Oil and gas companies may find it easier to drill in the Arctic, where sea ice is melting.

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Mena energy firms ‘unable to bridge talent gap’

The regional oil and gas companies are being asked by governments to reduce their heavy dependence on expatriates, yet they find themselves faced with a shortfall in qualified nationals with which to replace them, said an expert.

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Big role seen for unconventional oil and gas

Unconventional oil and gas resources will play an important role in the global fuel mix with technological advancement across the entire value chain shaping the profitability of the industry in the long term, a report said. While

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