Saudi Arabia ahead for $60/b oil prices in 2017

Saudi Arabia wants crude oil prices to rise to around $60 a barrel this year, five sources from OPEC countries and the oil industry said.   This is the level the OPEC heavyweight and its Gulf allies...

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UNDER THE PATRONAGE OF THE MINISTRY OF MUNICIPAL AND RURAL AFFAIRS (MOMRA), DAR AL RIYADH AND NISPANA JOINTLY ANNOUNCE THE FIRST SAUDI SMART CITIES CONFERENCE 2017

With the economic diversification plans in place, key government authorities across kingdom are emphasizing on providing the best quality of life for their citizens, which means seamless...

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Minister of Petroleum and DMG: Events Unfold Details of EGYPS 2017

His Excellency, Engineer Tarek El Molla, Egyptian Minister of Petroleum and Mineral Resources held a press conference in the lead up to Egypt Petroleum Show – EGYPS, which will take place between...

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“International Renewable Energy Agency”

International Renewable Energy Agency “IRENA” has been formed in January 2009 and headquartered in “Masdar city – UAE” as the first city in the world to rely entirely on renewable...

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What is a fossil fuel??

Fossil fuel is the most widely used fuel in the world, represents depleted non-renewable energy sources, and including three sources: – Coal – Crude Oil – Natural gas Fossil fuels...

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Kuwait’s KPC committed to OPEC oil output cut

State-owned Kuwait Petroleum Corp (KPC) said this week it was committed to an oil output cut agreed by the Organization of Petroleum Exporting Countries at a meeting in Vienna in November,...

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Libya – Oil production to rise to 700 thousand barrels per day

After a blackout in power in areas of Libya caused a dip in the country’s oil production, flows rebounded allowing Libya to see production rates of 700,000 barrels per day. The blackout occurred...

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ENI Tells El Sisi “Zohr Gas Field” Flows By end 2017

During a recent meeting between ENI CEO Claudio Descalzi and Egyptian President Abdel el Sisi, the ENI CEO disclosed that his firm would have the massive Zohr natural gas field online by the end of...

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Better times ahead for UK offshore, report finds

There are signs for greater optimism on the UK continental shelf, according to Offshore staff quoting from consultant Wood Mackenzie. The British sector may experience a modest recovery in 2017 after...

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Good News: New upstream projects to double globally in 2017

Final investment decisions (FID) are expected to double globally in 2017 while exploration and production spending will increase for the first time since 2014, according OGJ and Wood Mackenzie...

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