Libyan Sharara Oilfield Remains Closed
Libya's state oil firm NOC announced it is keeping the Sharara oilfield closed despite pressure from officials to pay off the protesters who shut it down.
News / International
US Extends Iraq’s Waivers to Continue Importing from Iran
The waiver will allow Iraq to continue importing electricity from Iran as the main Iraqi power plants depend on Iranian natural gas. Besides, Baghdad’s power generation is not enough to ensure domestic supply.
OPEC to Determine Country Quotas for Oil Output Cut
OPEC plans to determine the oil output quotas for its members and its allies to strengthen the crude price.
Saudi Aramco, RDIF, Mitsui Consider Acquiring Novatek’s LNG Stakes
Saudi Aramco, Russian sovereign wealth fund RDIF, and Japan’s Mitsui are in talks to acquire stakes in Novatek’s Arctic LNG 2 project.
ADNOC Awards 5% Stake in Offshore Ghasha Concession to OMV
The Abu Dhabi National Oil Company (ADNOC) and Abu Dhabi government have awarded Austria’s OMV a 5% stake in the Ghasha ultra-sour gas concession.
Oman LNG Offers LNG Cargo Tender for January Loading: Sources
Oman LNG has offered a tender for a liquefied natural gas (LNG) cargo to be loaded on January 25-26 from its Qalhat plant, two industry sources said.
Iraq, Schlumberger Sign Deal to Drill 40 Wells at Majnoon Oilfield
The Iraqi Oil Ministry has announced signing a deal with Schlumberger to drill 40 wells in the giant Majnoon oilfield.
Mubadala, EGA, Dubal Holding to Construct Water and Power Plant in Dubai
Mubadala Investment Company, Emirates Global Aluminium (EGA), and Dubal Holding plan to establish water and powerplant at EGA’s smelter in Jebel Ali in Dubai.
KNPC to Spend $5.2B on Sustainable Energy Projects over Next Five Years: Al-Mutairi
Kuwait National Petroleum Company (KNPC) has set aside $5.2 billion to carry out projects in the upcoming five years, KNPC CEO Mohammed Al-Mutairi said.
ADNOC, Cepsa to Develop Linear Alkylbenzene Plant in Ruwais Derivatives Park
The Abu Dhabi National Oil Company (ADNOC) and its partner Cepsa plan to develop the Linear Alkylbenzene (LAB) plant in the Ruwais Derivatives Park.
