• OPEC Sees 2015 Supply Surplus Rising

    The collapse in oil prices – almost 60 percent since June – is accompanied by falling in the demand for OPEC oil to its lowest in a decade. In its monthly report, the Organization of the Petroleum Exporting Countries (OPEC) forecast demand for the group’s oil would drop to 28.8...

  • Shell to start supplying LNG to Egypt in 2015

    Shell’s senior executive revealed that the Dutch giant will start supplying Egypt with 1 million metric tons of LNG per year starting in 2015. Speaking at a summit in Dubai, Shell’s Middle East and North Africa region vice president, Mounir Bouaziz, said that LNG is becoming a solution of...

  • As oil prices plunges, $150 billion of exploration projects will stop during 2015

    ِAccording to rigzone sources, Global oil and gas exploration projects worth more than $150 billion are likely to be put on hold during 2015 as plunging oil prices render them uneconomic, potentially curbing supplies by the end of the decade. As big oil fields that were discovered decades ago...

  • BGS to keep an eye on UK shale gas exploration

    The British Geological Survey revealed it plans to expand its existing programs by carrying out independent detailed research in areas of the UK that may see shale gas exploration and production. The BGS has existing national environmental research programmes that include seismic and groundwater...

  • BAPCO & ARAMCO Attend AB Pipeline Project Joint Meeting

    The Bahrain Petroleum Company Bapco and Aramco have successfully conducted a Job Explanation Meeting for Onshore Engineering, Procurement & Construction (EPC) Package of the AB Pipeline Project on 13th January 2015 at the Gulf Hotel. The meeting was attended by senior Aramco and Bapco...

Upcoming Events

  • ARAB OIL & GAS 2015

    21st -23rd April 2015 Dubai Intl. Convention & Exhibition Centre, UAE
  • Reservoir Engineering for Unconventional Oil &...

    March 25-26, Houston, Texas.
  • Saudi Arabia international machine tools exhibitio...

    18 – 20 May 2015, Dammam, Saudi Arabia

Oil Prices of Today

Crudes $/B
Brent 57.39
WTI 52.78
OPEC Basket 56.43

Interviews

  • The Egyptian-Kuwaiti Relations Well-established an...

    At the national days of the Kuwaiti...

  • TOTAL: THE QATAR EXPERIENCE

    TOTAL: THE QATAR EXPERIENCE HISTORICAL...

  • Nathalie Martin-Bea Mardinian interviews Mr. Sudh...

    Regional Manager Middle East-...

  • Samsung Engineering ...

    “We are thrilled to be a part of ambitious oil project of Iraqi government,” said Steve...

    Steve Fludder
  • Dana Gas receives ou...

    “We are pleased to receive this payment, and are working with the Kurdistan Regional Government...

    Rashed El-Grwan