Saudi Aramco, the world's largest state-run oil company, discovered a new oilfield in the Persian Gulf kingdom, the official Saudi Press Agency reported today, citing the country's oil minister, Ali al-Naimi.
Followed the results of deep exploration drilling on Tukhman structure, Contract area Block A in Saudi Arabia LUKSAR discovered hydrocarbon accumulations.
Kuwait City: Kuwait National Petroleum Co (KNPC) said yesterday its plan to build a 615,000 barrels per day refinery by 2010 has hit a snag as international firms have proposed much higher prices than expected to carry out the work.
GAC has been appointed as the provider of hub agency services for the liquid natural gas (LNG) fleet of BG LNG Services, a subsidiary of BG Group, reported the Gulf News.
The delay was thought to stem from the customs department's uncertainty over whether the blended fuel, which sources said was listed as low-sulphur straight-run fuel oil mostly used for feedstocks by small "teapot" refineries, should be classified as fuel oil or crude.
The Abu Dhabi National Energy Company (Adnec) has officially begun managing its newly acquired BP Netherlands gas exploration and production assets, the company said yesterday.
Qatar will host a meeting in April of gas exporters that hold 70 per cent of the world's reserves, Energy Minister Abdullah bin Hamad al Attiyah said yesterday.
Middle East’s biggest gas project Dolphin is to start pumping around two billion cubic feet of Qatari gas per day from Ras Laffan to the UAE by next July, reported the Gulf News.