News / International

Kurd Oil Boosting Supply at Low Prices

Oil producers in Iraqi Kurdistan are unrelenting in their goal to boost output even after the collapse in international prices to below $50 a barrel.

Unique Maritime Group Sets Standards for Middle East Diver Safety

Unique Maritime Group (UMG) announced today that it has set up the first Hyperbaric Reception Facility (HRF) in the Middle East, thus raising the safety level for all divers currently operating in this area to a new level

Chevron in Australian Gas Trading Agreement

Chevron Corporation (NYSE: CVX) announced its Australian subsidiaries have signed a binding Sales and Purchase Agreement (SPA) with SK LNG Trading Pte Ltd (SK).

1000th LNG Truck for GDF Suez Loading in Europe

GDF SUEZ LNG recorded on January 12th its 1000th LNG truck loading in Europe at the Elengy terminal of Montoir-de-Bretagne on the western coast of France.

Two Offshore Exploration Licenses Awarded to Eni

Eni was today awarded by the Ministry of Petroleum and Energy two exploration licenses in the Barents sea and in the North Sea as part of the Norwegian Award in Pre-Defined Areas (APA) 2014.

Excellency Eng. Al Mazrouei to Open Tank Storage

It is yet another major show coup for Tank Storage Middle East, which takes place on 26 & 27 January at the Abu Dhabi National Exhibition Centre.

UAE, Egypt and Saudi Lead Renewables Demand

The UAE and Egypt are expected to account for the highest demand for renewable energy in the region this year, according to Luc Grare, senior vice president of sales and marketing at REC Group, a global provider of solar energy solutions.

Lybia’s OPEC Governor missing

Libya’s OPEC Governor Samir Kamal was kidnapped last week in the militia-held capital of Tripoli, two officials familiar with the matter said Tuesday, as turmoil continues to ravage the north African country almost four years after the collapse of its central government.

Output Stopped at Yemen Oilfields

Oil companies in Yemen’s Hadramout and Shabwa provinces, including the main gas export facility at Belhaf, have suspended operations amid protests over the seizure of a presidential aide by Shi’ite fighters who control the capital Sanaa, local officials said.

Offshore Drilling Set to Increase in 2015

Based on Douglas-Westwood’s offshore drilling forecast, there are still plenty of wells to be drilled if the 2015 oil prices average between $50-70/bbl.

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