News / International

Eastern Europe Basks in a Recovery Fuelled by Oil

Sandwiched between a stuttering eurozone and a recession-ridden Russia and Ukraine, and with the troubled Turkey and Greece to their south, eastern Europe’s economies might not seem, in a literal sense, to be in a good place.

Islamic State Approaches Libya’s Oil Ports as UN Seeks Accord

Islamic State strengthened its hold in central Libya, seizing territory near the country’s largest oil terminal, as the United Nations warned that time is running out on its efforts to broker a deal among warring factions.

US Overtakes Russia as Biggest Oil, Natural Gas Producer

The U.S. has taken Russia’s crown as the biggest oil and natural-gas producer in a demonstration of the seismic shifts in the world energy landscape emanating from America’s shale fields.

Venezuela Demands Guyana Stop Oil Exploration in Disputed Territory

Venezuela's President Nicolas Maduro demanded on Tuesday that neighbouring Guyana stop oil exploration in a disputed offshore territory.

Bahrain’s Tatweer Launches New Gas Compressor Stations

Two of Tatweer Petroleum’s newest facilities located in the Bahrain Field were officially inaugurated by Energy Minister and company chairman Dr Abdulhussain Mirza.

Nigeria Power Plans Require Fixed Gas-Pipeline

For Nigeria’s state-owned energy company, supplying gas to power plants around the country depends on fixing pipelines quicker than they get ruptured.

Portable Petrol Stations to Open in Doha

Woqod (Qatar Fuel), a top distributor of petroleum products in the country, plans to set up 15 portable petrol stations in Doha in a move to streamline the distribution process, a report said.

Cebr Report Advises GCC Diversification and Carbon Efficiency

While Bahrain has taken promising measures to diversify its economy, the continued oil price slump means more work will need to be done in order for the Kingdom to achieve fiscal, environmental and resource sustainability, a report said.

RWE Shifting Gears to Renewables, with UAE Firm’s Help

United Arab Emirates green energy firm Masdar may invest in renewable energy projects jointly with RWE,

$3.5 Bn Joint Iran-China-Indonesia Crude Projects

Iran, China and Indonesia have reached a final agreement on building a refinery on the East Java island to process 150,000 barrels per day of heavy crude oil, an Iranian official said on Wednesday.

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