August 18, 2019

What a global recession would mean for Opec

Roman soothsayers would look for omens in the flight of eagles or the entrails of sacrificed animals, before advising whether to fight a battle. The inversion of the bond yield curve on Wednesday, often a harbinger of recession, is clearly not a good omen for the oil market. But should"...

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August 14, 2019

Siemens completes first large gas turbine exchange in US...

Siemens Gas and Power has completed its first large gas turbine section exchange at a project in Alabama, US.

Siemens is focused on helping customers navigate global energy problems. It aims to use products, solutions and services that make fossil energy greener, said a company"...

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August 7, 2019

Genel Energy confident Bina Bawi talks will progress

LONDON: Iraqi Kurdistan-focused Genel Energy said it is confident it is making progress on its Bina Bawi gas project as it holds talks with the Kurdistan Regional Government (KRG) over exact terms.

It wrote down"...

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August 6, 2019

China remains largest importer of Omani crude oil

Muscat: China continues to be the largest importer of Omani crude oil and condensates, government data has revealed.

According to the 2018 annual report released by Oman’s National Centre for Statistics and Information (NCSI), China accounted for 83.1 percent of all crude"...

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August 5, 2019

Enoc launches new digital ventures platform

Enoc Group has announced the launch of Next, an accelerator programme, designed to unlock growth opportunities and tackle challenges in the energy sector through building new digital ventures for business-to-business and consumer categories.


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August 4, 2019

LNG traders consider shipping options, betting on winter...

Traders are starting to make enquiries to book vessels to store or ship liquefied natural gas (LNG) as they bet for winter demand to boost prices for spot cargoes which are trading near record lows, multiple industry sources said on Friday.

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July 30, 2019

Yemen urges oil companies to restart production

Yemen’s internationally recognised government has called on oil companies to restart production and exploration in the country, the Ministry of Oil and Minerals said in a document seen by Reuters on Monday.


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July 29, 2019

NPCC, Petrofac JV awarded Al Yasat Petroleum offshore contract...

ABU DHABI, 28th July, 2019 (WAM) -- National Petroleum Construction Company, NPCC, in conjunction with its joint venture, JV, partner Petrofac, has secured a new contract with Al Yasat Petroleum, an ADNOC Group company, and JV with CNPC.


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July 28, 2019

Bilfinger Middle East wins contracts in Abu Dhabi hydrocarbon...

ABU DHABI — Global engineering and industrial services provider Bilfinger has been awarded multiple prestigious engineering contracts by the Abu Dhabi National Oil Company (ADNOC). The projects, secured by Bilfinger's Middle East division, entail the provision of front-end engineering"...

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July 27, 2019

World Energy Council, EY collaborate on innovation in energy...

EY, a global leader in assurance, tax, transaction and advisory services, said it has joined hands with The World Energy Council to promote innovation in the context of the energy transition at the World Energy Congress to be held from September 9 to 12 in Abu Dhabi.

As per"...

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