World’s 5th largest oilfield in Saudi Arabia to be ready in 2014
Saudi Arabia is pushing ahead with a major project to develop the world's fifth largest oilfield which will pump nearly...
Oil & Gas
Iraq energy sector to benefit from China
Surging demand for energy in China and neighboring countries will also ensure that Saudi Arabia will reclaim its position as...
EU's gas imports from Iraq could initially be 5bcm-10bcm/year
The European Commission hasn't forecast a date for possible natural gas imports from Iraq as the Arab country focuses on...
Qatar and Total ink new deal on offshore oil field
Qatar said that it has signed another 25-year agreement with France's Total to oversee a major offshore oil field. Dr...
Iraq to invest up to $150 billion to increase oil output
Iraqi Oil Minister Abdul Karim al-Luaibi has announced that Iraq could spend up to $150 billion on projects to expand...
Gulf's gas output capacity seen at 30 bcf/d
Gulf region has the potential to produce up to an additional 30 billion cubic feet per day (bcf/d) of natural...
Shell positive on Iraq Majnoon oilfield
Iraq's Majnoon oilfield, operated by Royal Dutch Shell, is expected to hit output above 200,000 barrels per day (bpd) in...
Abu Dhabi's Taqa in talks for oil stake in Iraq’s Kurdistan region
Abu Dhabi National Energy Co. (Taqa) is in advanced talks to buy a stake in an oil block in Iraqi...
Saudi oil exports fetch $245.6 billion
Saudi Arabia exported nearly 2.25 billion barrels of crude oil in the past 10 months of the current year valued...
Abu Dhabi’s Adnoc allocates billions to mega projects
The Abu Dhabi National Oil Company ( Adnoc ) said it has allocated billions of dollars to several mega projects,...
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