IP project nearing reality, Iran targeting LNG exports

Chairman of Pakistan’s United International Group Mian Shahid has said that gas import from Iran is going to become a reality twenty years after Pakistan and Iran signed pipeline deal. The project...

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QP inaugurates $1bn JBGR Project

Qatar’s $1bn Jetty Boil-off Gas Recovery (JBOG) Project was officially inaugurated. The project will use Waste fuel from QatarGas to generate much needed LNG products. The JBOG Recovery...

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Kuwait Oil Company unveils solar project

Kuwait Oil Company (KOC) will commission the largest solar power plant in Kuwait this year. To reach the goal set by HH the Emir of Kuwait of producing 15% of energy in Kuwait from renewable...

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EU outlines energy diversity strategy as following:

The commissioner in charge of energy – EU – A diverse source of energy, from Caspian to potential North American sources, is needed for European security. – The European energy security...

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OPEC says speculation played important role in oil’s decline

Oil supply and demand doesn’t fully justify the 60% drop in prices between June and January as speculation also played a role. A rise in supply from outside the Organization at a time when demand...

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EIA: US Shale Oil Output To Fall In May, First Drop In 4 Years

The rapid and aggressive response by oil and gas companies to low oil prices has stabilized the sector. According to Wood Mackenzie, the price required for companies to be cash flow neutral in 2015...

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BG supports World Bank gas flaring initiative

LNG player BG Group said it is supporting the World Bank ‘Zero Routine Flaring by 2030′ initiative to eliminate routine gas flaring at operated oil production sites. The initiative has been...

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Iran to add more gas pressure boosters by March 2016

Five gas pressure stations will become operational up to the end of the current Iranian calendar year (March 2016) with the aim of boosting gas transfer capacity of the country. Managing director of...

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Halliburton says it has cut 9,000 jobs in wake of oil price drop

Halliburton Co. has cut 9,000 jobs — more than 10 percent of its workforce — in about six months and is considering more cost-cutting moves as falling oil prices sap demand for its drilling...

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