Rotterdam: Gate LNG throughput down 24% in H1

LNG throughput volumes at the Dutch Gate terminal dropped 24 percent in the first half of this year as compared to the same period a year before, according to data released by the Port of Rotterdam...

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Saudi Aramco CEO signs off on $13-billion gas project

Saudi Aramco President and CEO Amin H. Nasser presided over a signing ceremony of the Fadhili gas project, marking a new milestone in the company’s drive to expand gas production and supply to meet...

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Hopes on Libya rise after NOC reconciliation

The troubled North African state could increase its oil production in the months ahead, following an improved political outlook, but threats linger, writes Martin Clark. What: Prospects for a return...

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Norway Oil Investment Expected To Fall Again In 2017

Norway is one of the top oil producers in the world and among the top suppliers to Europe. Its oil production has risen slowly to touch 1.63 million barrels per day and it has 18 billion barrels of...

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Algerian Oil Fields Increase Flows

Algeria saw its crude production increase over the past couple of months at two of its major fields, the Hassi Messaoud and the Ourhoud. Production at Hassi Messaoud is currently sitting at 470,000...

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The World’s Biggest Energy Companies 2016

No. 1: Gazprom Privatized in 1993, Russia’s Gazprom Group is the largest publicly traded energy producer in the world with 8.38 million BOE/day of production. Helmed by CEO Alexey Miller, whom...

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Saudi Aramco to raise its share in world oil markets

According to Reuter’s sources, Saudi Aramco is gaining market share and pushing for greater efficiency, chief executive Amin Nasser said in an interview. Nasser told Reuters that the state-owned...

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ADNOC plans to cut 5,000 jobs by year end

The Abu Dhabi National Oil Co. (ADNOC) plans to cut 5,000 jobs by the end of the year, and 2,000 of the lay-offs have already been carried out, according to the Middle East news service MEED. ADNOC...

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Saudi Arabia names Khalid al-Falih energy minister to replace Naimi

Saudi Arabia, the world’s largest crude oil exporter, on Saturday appointed Khalid al-Falih, chairman of the state oil giant Saudi Aramco, as its new energy minister, replacing Ali al-Naimi,...

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Oil rises as IEA expects biggest non-OPEC output fall in 25 years

Crude prices rose on Thursday, reversing earlier declines, as the International Energy Agency (IEA) said that 2016 would see the biggest fall in non-OPEC production in a generation, helping rebalance...

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