Qatargas shuts down Train 4 for maintenance

Qatargas has recently shut its fourth liquefaction train for scheduled maintenance. According to sources, train 4 was shut down at the end of February, reports Reuters. Train 4 shutdown could lead to...

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New production for Egyptian market to start following BG, BP deal

BG Egypt signed a tie-in agreement with BP Egypt and RWE DEA that will enable the increase of the supply of energy to the Egyptian domestic network through the utilization of BG Egypt’s...

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Gulf OPEC Delegate: Global Demand to Help Oil Prices despite US Glut

Stronger-than-expected global oil demand should help support crude prices at around $55-$60 a barrel in the next two months despite some signs of a growing glut in the United States, a senior Gulf...

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Saudi Oil Minister Opens Second GCC Petroleum Media Forum, says no conspiracy theories behind oil price plunge

Saudi Minister of Petroleum and Mineral Resources, Ali bin Ibrahim Al Nuaimi, on Monday opened the Second GCC Petroleum Media Forum under the auspices of the Custodian of the Two Holy Mosques, King...

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Bahrain energy firm inks $3.5bn Egypt solar project deal

Bahrain-headquartered Terra Sola Ventures (Terra Sola) has signed a memorandum of understanding with the Egyptian Electricity Holding Company (EEHC) for a $3.5 billion project to develop 2,000MW of...

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It will be “difficult” for oil to reach $120 again, says Saudi OPEC governor

Saudi Arabia’s OPEC governor Mohammed Al Madi said on Sunday that he believed it would be difficult for oil to reach a price range of $100-120 per barrel again. “$100-120 – I think...

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Saudi Looking Beyond Oil Price Slump as Rig Count Spikes

As the global energy industry stares transfixed at a spectacular drop in U.S. rigs, Saudi Arabia is ramping up the number of machines drilling for oil and gas despite a sharp fall in the price of...

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Crisis and Risk Management Summit

Organising Company : IQPC Middle East Event Name : Crisis and Risk Management Summit Start date of the event : 31 May 2015 End date of the event : 3 June 2015 Event Country : Kuwait Event City :...

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Egypt, Eni sign investment agreement

The Egyptian Minister of Petroleum and Mineral Resources, Sherif Ismail and Eni’s CEO, Claudio Descalzi, signed a head of agreement aimed at the development of the oil and gas resources of the...

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Egypt finalizes LNG supply deal with Gazprom

Egypt finalizes LNG supply deal with Gazprom Egypt’s Ministry of Petroleum informed that an LNG supply deal with Russia’s Gazprom has been finalized. According to a ministry statement, Egyptian...

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