News / International
GCC not to cut spending on power infrastructure
The GCC is not expected to decrease its spending on power infrastructure due to the continuous increase in electricity demand. Date from ProLeads show there are 284 power projects in the GCC with a total value of $333bn (Dh1.2trn). European refiners shut down capacity for good
Vanishing gasoline demand from the United States and a long-term fall in local oil use mean Europe's refiners are shutting down capacity - for good. Gazprom signs north Nigeria oil search deal
Russian energy giant Gazprom has signed an agreement with a Nigerian firm to analyse three oil blocks in northern Nigeria for possible exploration, a senior company official said on Wednesday. Lloyd’s register EMEA wins verification contract for Algerian project
Lloyd's Register EMEA has secured an important six-month contract with Sonatrach, BP and StatoilHydro for the provision of verification services for their In Amenas project in Algeria which will help reduce the chance of major accidents. More countries line up to receive greater supplies of Qatar LNG
Kuwait City: Qatar, the world's largest exporter of liquefied natural gas, received requests from China and India for more supplies of the fuel, Oil Minister Abdullah Bin Hamad Al Attiyah said. EC funding a shot in the arm for Nabucco
The European Union has finally signaled its willingness to finance Nabucco; the proposed gas pipeline linking the Caspian Basin with Europe via Turkey. At a summit in Brussels on the weekend, leaders gave final approval to a 200 million finance package intended to kick-start the controversial project. Dana Petroleum strikes gas off Morocco
UK-based Dana Petroleum has made a significant gas discovery at Anchois in the Tanger-Larache licence off Morocco. Noble Denton, University of Cambridge and BP research ultra-deepwater modelling methods
Noble Denton, the leading global offshore engineering and marine consulting firm, is funding a three-year research programme at the University of Cambridge, to consider effective modelling for ultra-deepwater mooring and riser developments in the oil and gas industry. 
