Oil Companies Call for PSAs, Contract Incentives in Iraq

• Sunday, 15th November 2015
• by Egypt Oil & Gas

International oil companies could boost production in Iraq beyond current targets if production contracts were changed to give more incentives for investment, according to BP Plc and Royal Dutch Shell Plc.

IEA says Saudi Arabia, Russia Losing Out to Iraq and Iran

• Sunday, 15th November 2015
• by Egypt Oil & Gas

The International Energy Agency cited market sources on Friday as saying Tehran would be able to sell at least an extra 400,000 b/d to buyers in Asia and Europe when the sanctions are lifted.

UAE Key Stabilizer in Future Oil Markets

• Sunday, 15th November 2015
• by Egypt Oil & Gas

"The UAE played a key role in the political stability of this region and the UAE will play ... a key role in the stability of the market," the UAE oil minister Suhail al-Mazrouei was quoted as saying.

Oman Maintaining Gas Ambitions with BP and Iran

• Sunday, 15th November 2015
• by Egypt Oil & Gas

"Activity in Abu Dhabi is still as it was; Oman activity for us is increasing this year. We see the Middle East contracting market as a little bit different than in the rest of the world, where it is much more cut-throat," BP Middle East President Michael Townshend said.

Emirates Celebrates Nuclear Graduates

• Sunday, 15th November 2015
• by Egypt Oil & Gas

The Emirates Nuclear Energy Corporation (Enec) celebrated the graduation of 64 students who have successfully completed specialised courses in nuclear energy from various institutions in the UAE and abroad.

Iran’s Unveiling of New Contract Model Draws Executive Attention

• Thursday, 12th November 2015
• by Egypt Oil & Gas

The Iran Petroleum Contract (IPC) was given the go-ahead by the government for implementation.

SABIC Wins Academic Recognition for Programs

• Thursday, 12th November 2015
• by Egypt Oil & Gas

A learning initiative, jointly designed by Saudi Basic Industries Corp (Sabic) and US-based Penn State University’s Smeal College of Business, for the benefit of Sabic employees, has been recognised by the Chief Learning Officer magazine.

Gas Golden Age to Usher in Iranian Exports to Europe

• Thursday, 12th November 2015
• by Egypt Oil & Gas

Mohammad Hossein Adeli, Secretary General of the Gas Exporting Countries Forum (GECF), declared that the world was entering the “Golden Age of Gas” thanks to “the world’s abundant natural gas resources, from both conventional and unconventional sources”.

Adgas Expanding Gas Facilities on Schedule

• Thursday, 12th November 2015
• by Egypt Oil & Gas

Abu Dhabi Gas Liquefaction (Adgas) said it expects to complete expansion of its natural gas processing facilities by mid-2018 to help meet rising local demand.

Oil Prices Force Taqa to Shift Gears

• Thursday, 12th November 2015
• by Egypt Oil & Gas

Abu Dhabi National Energy Company (Taqa) posted a net loss in the third-quarter as revenues were hit by weak oil prices.