Lebanon Requests Iran’s Assistance in Dam Construction

• Tuesday, 24th February 2015
• by Egypt Oil & Gas

Lebanese Environment Minister has called for the Iranian private sector’s involvement in constructing dams in Lebanon.

Arabtec’s Target Awarded $253 million Contracts from Saudi Aramco.

• Tuesday, 24th February 2015
• by Egypt Oil & Gas

Arabtec has won construction contracts in Saudi Arabia worth over $253 million (AED 930m) through its subsidiary Target Engineering Construction Company.

World’s Largest Geothermal Plant Launched in Kenya

• Monday, 23rd February 2015
• by Egypt Oil & Gas

Kenya’s 280 MW Olkaria geothermal power plant, the world’s largest, began commercial operation today, with an opening ceremony held yesterday and attended by government officials. The plant will provide almost 20 per cent of the nation’s total power capacity.

Siemens Awarded Wind Power Project in South Africa

• Monday, 23rd February 2015
• by Egypt Oil & Gas

Siemens has secured another large wind power contract in South Africa with an order for 157 wind turbines for three projects in the South Africa province of Northern Cape.

Enoc Plans for $1.5 billion Loan and Merger Activity

• Monday, 23rd February 2015
• by Egypt Oil & Gas

Dubai's Emirates National Oil Company (Enoc) has hired a five-person team to work on mergers and acquisitions for the company as it seeks to expand beyond its home emirate, banking sources told Reuters on Sunday.

Aramco Extends Shale Gas Bid Deadlines

• Monday, 23rd February 2015
• by Egypt Oil & Gas

State energy firm Saudi Aramco has extended the deadline for companies to bid for work on its unconventional gas facilities in the north of the country, signalling it remains committed to developing shale gas deposits, industry sources said.

Oil Price Slump Cuts Kuwait Budget Surplus

• Monday, 23rd February 2015
• by Egypt Oil & Gas

Kuwait's government budget surplus shrank 26% in the first nine months of this fiscal year as lower oil prices cut revenue sharply, analysts at National Bank of Kuwait (NBK) calculated, using Ministry of Finance data.

Oman to Boost Production for Expected Oil Price Rise

• Monday, 23rd February 2015
• by Egypt Oil & Gas

Oman, the biggest Middle Eastern oil producer that’s not a member of OPEC, is boosting crude output to as much as possible with the global price rout over, Salim Al Aufi, undersecretary of the oil and gas ministry, said.

Iran Parliamentarians to Impose Energy Sanctions on Europe

• Monday, 23rd February 2015
• by Egypt Oil & Gas

A large number of Iranian MPs are planning to prepare a bill to impose energy sanctions on the European countries, a lawmaker announced on Sunday.

Repsol to Acquire Talisman Energy

• Monday, 23rd February 2015
• by Egypt Oil & Gas

Repsol has entered into an agreement to acquire 100% of Canadian oil company Talisman Energy worth US$8.3 billion (EU6.64 billion) plus debt. The transaction has been unanimously approved and recommended by the boards of directors of Talisman Energy and Repsol.