Qatar’s Gulf International Services (GIS) on Tuesday reported a 108.4% increase in net profit last year after strong growth in the company’s drilling sector and a one-off non-cash accounting adjustment. Net profit for...
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. Genel Energy Plc (GENL), headed by former BP Plc chief Tony Hayward...
Qatar promised Egypt five free shipments of LNG this summer after a meeting of representatives from the two countries’ governments in Doha, giving cash-strapped Egypt a reprieve from worsening energy shortages. ...
A disagreement over pricing is delaying a gas swap deal between Egypt and Qatar intended to ease domestic energy shortages that have exacerbated the North African country’s broader economic problems, people clos...
Gas-rich Qatar is ploughing more of its commodity wealth back into the sector with the purchase of a major stake in Royal Dutch Shell, while also reportedly eyeing a chunk of Italian oil major ENI. A Shell spokeswoman...
Dutch company Fugro has been awarded a five year maitenance contract by supermajor Shell for the Pearl gas-to-liquids facility in Ras Laffan, Qatar. Under the contract Fugro will provide round the clock support and ma...
Jordan and Qatar have named a joint committee to study ways to import liquefied natural gas from the Gulf Arab state to replace Egyptian supplies disrupted by pipeline bombings, Jordanian state news agency, Petra, rep...
Russia and Qatar are under growing pressure from Europe’s biggest utilities to scrap a 40-year-old system that links natural-gas prices to oil after Brent crude’s 23 percent surge this year. As delegates f...