Energy Qatar Petroleum signs initial deals to boost local energy industry DOHA: Qatar Petroleum signed preliminary deals worth more than 9 billion Qatari riyals ($2.47 billion) on Monday with oi Published 18 Feb, 2019 11:03am
Energy South Africa says has up to 60 tcf of offshore gas potential CAPE TOWN: South Africa, where oil major Total recently made a big offshore discovery, said on Friday it had potenti Published 15 Feb, 2019 08:01pm
Energy Saudi Aramco, Total to develop retail fuel network in Saudi Arabia DUBAI: Saudi Aramco and French oil giant Total have signed an agreement to develop a network of retail fuel service stat Published 14 Feb, 2019 12:17pm
Energy Qatar Petroleum signs 5-year light naphtha sale agreement with Marubeni DUBAI: Qatar Petroleum has signed a five-year sales agreement to supply Japan's Marubeni Corp with an annual total of 20 Published 13 Feb, 2019 11:34am
Energy Oman's January oil output around 970,000 bpd DUBAI: Oman's oil output stood at about 970,000 barrels per day in January, the state news agency said on Wednesday, cit Published 13 Feb, 2019 11:21am
Energy Shell aims to increase LNG exports from Egypt CAIRO: Royal Dutch Shell aims to increase liquefied natural gas (LNG) exports from Egypt this year as it ramps up produc Published 12 Feb, 2019 02:49pm
Energy Shell, Eni, Exxon among winners in Egypt's oil and gas exploration tender CAIRO: Royal Dutch Shell, Eni, BP and Exxon Mobil were among winners of Egypt's international tender for oil and gas exp Published 12 Feb, 2019 02:15pm
Middle East Africa Energy South African oil firm PetroSA looks to plug Eskom's diesel gap CAPE TOWN: South Africa's state-owned oil company PetroSA is in talks with power firm Eskom to supply it with diesel to Published 12 Feb, 2019 06:53am
Energy Saudi Arabia would need oil at $80-$85 a barrel to balance budget: IMF official DUBAI: Top oil exporter Saudi Arabia would need oil priced at $80-$85 a barrel to balance its budget this year, an Inter Published 11 Feb, 2019 04:27pm
Energy OPEC isn't a cartel, doesn't fix oil prices: Barkindo CAIRO: OPEC Secretary-General Mohammad Barkindo said the exporting group was not in the business of fixing oil prices, w Published 11 Feb, 2019 02:37pm
Energy Oil market to reach balance in Q1 -UAE energy minister DUBAI: The oil market should reach a balance between supply and demand in the first quarter of this year, UAE Energy Min Published 11 Feb, 2019 11:20am
Energy Libya's NOC discusses Sharara oil field crisis with Repsol DUBAI: Libya's state-run National Oil Corp said on Saturday that its Chairman Mustafa Sanalla had discussed a crisis at Published 09 Feb, 2019 12:07pm
Energy IMF Lagarde says oil exporters have not fully recovered from the 2014 oil shock DUBAI: Oil exporters have not fully recovered from the dramatic oil price shock of 2014 and the outlook is highly uncert Published 09 Feb, 2019 08:11am
Energy Libya's NOC calls for avoiding escalation at Sharara oilfield BENGHAZI: Libya's National Oil Corp on Friday urged all parties to avoid escalation at the El Sharara oilfield, the coun Published 08 Feb, 2019 11:58am
Middle East Africa Energy Saudi Arabia cuts oil output by about 400,000 bpd in Jan: sources DUBAI/LONDON: Saudi Arabia, the world's top oil exporter, cut its crude output in January by about 400,000 barrels p Published 07 Feb, 2019 09:06pm
Energy Saudi Arabia pumps 10.24mn bpd in Jan, below its OPEC's target DUBAI/LONDON: Saudi Arabia, the world's top oil exporter, told OPEC it pumped 10.24 million barrels per day (bpd) in Jan Published 07 Feb, 2019 11:45am
Energy Saudi Arabia March Arab Light Crude OSPs unchanged DUBAI: Saudi Aramco kept its March price for its Arab Light crude oil grade for Asian customers unchanged versus Februar Published 05 Feb, 2019 04:15pm
Energy Iraq completes repairs on Basra offshore oil terminal BASRA: Repairs on a Basra floating oil terminal in the Gulf that was damaged by a tanker collision earlier this week Published 01 Feb, 2019 07:28pm
Energy Iraq's oil exports fall to 3.649mn bpd in January BAGHDAD: Iraq's oil exports averaged 3.649 million barrels per day (bpd) in January, down slightly from the previous mon Published 01 Feb, 2019 02:54pm
Energy Iraq's oil exports fall to 3.649mn bpd in January –ministry BAGHDAD: Iraq's oil exports averaged 3.649 million barrels per day (bpd) in January, down slightly from the December ave Published 01 Feb, 2019 12:12pm
Energy Iraq state oil company to drill 40 wells in Majnoon oilfield BAGHDAD: Iraq's Basra Oil Company (BOC) has agreed a deal with state-run Iraq Drilling Company (IDC) to drill 40 new oil Published 31 Jan, 2019 12:13pm
Energy Saudi Aramco in deal with Axens, TechnipFMC on crude to chemicals technology DUBAI: Saudi Aramco's unit Saudi Aramco Technologies on Tuesday signed a joint agreement with Axens and TechnipFMC to ac Published 29 Jan, 2019 01:09pm
Middle East Africa Energy Abu Dhabi awards Eni, OMV key stakes in oil refiner ABU DHABI: Abu Dhabi's state oil firm said Sunday it had signed partnership deals worth $5.8 billion with Italian oil gi Published 27 Jan, 2019 12:15pm
Energy Iran's oil exports may struggle after Dec plunge LONDON: Iran's oil exports may struggle to rebound after a sharp drop in December, a leading tanker-tracking compan Published 24 Jan, 2019 10:33pm
Energy Middle East Crude-Benchmarks decline for 3rd session SINGAPORE: Middle East crude benchmarks fell on Thursday, extending declines for a third straight session, but spot prem Published 24 Jan, 2019 11:32am
Energy Eastern Libyan oil ports closed due to bad weather LIBYA: All eastern Libyan oil ports have closed due to bad weather, a port engineer and shipping source said on Thursday Published 24 Jan, 2019 10:38am
Energy Kuwait resumes operations at three ports after weather improves CAIRO: Kuwait's port authority has resumed operations at the Shuwaikh, Doha and Shuaiba ports on Thursday after weather Published 17 Jan, 2019 08:42pm
Energy Kuwait shuts three ports in bad weather, oil ports unaffected KUWAIT: Kuwait's Port Authority has temporarily halted shipping at the Shuwaikh, Doha and Shuaiba ports because of bad w Published 17 Jan, 2019 09:07am
Energy China remains largest buyer of Oman's crude in December MUSCAT: China remained the largest buyer of Oman's crude oil in December 2018 despite a decrease from the previous m Published 15 Jan, 2019 04:24pm
Middle East Africa Energy Saudi minister 'very optimistic' about oil market ABU DHABI: Saudi Energy Minister Khalid al-Falih said on Tuesday he was "very optimistic" about the outlook for the oil Published 15 Jan, 2019 11:13am
Behind the screens: SECP probe into State Life’s equity investment process opens Pandora’s box at PSX?