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O&G Awards unveil first ever downstream category The final deadline for submissions is 21st August 2016.

O&G Awards unveil first ever downstream category

Downstream Project of the Year will aim to select the most outstanding, ambitious and game-changing project in the refining and petrochemical sectors in the Middle East

 •   Penspen wins key downstream project from ADNOC
 •   Aramco CEO hails new era for downstream sector
 •   Bahrain now more reliant on downstream: Experts


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Dana Gas withholds dividend for 2nd year in row

Dana Gas withholds dividend for 2nd year in row

The company posted a 15% rise in full year net profit to AED528mn ($143.47mn) compared to AED457mn ($124.41mn) earlier
 
Oman plans to build oil storage terminal near Duqm

Oman plans to build oil storage terminal near Duqm

Proposed terminal will be built by a subsidiary of state-owned Oman Oil Company (OOC) at Ras Markaz in southeastern Oman
 
Taqa's Iraq project to be commissioned in Q2 2016

Taqa's Iraq project to be commissioned in Q2 2016

The Abu Dhabi-government owned company narrowed its loss to $490mn in 2015 from $816.78mn a year earlier
 
Iran builds pipeline for gas export to Iraq

Iran builds pipeline for gas export to Iraq

The project is estimated to earn Iran $3.7bn a year in revenues
 

 

Basic engineering of Iran-Oman gas pipeline starts

Basic engineering of Iran-Oman gas pipeline starts

The Iranian Offshore Engineering and Construction Co. (IOEC) has started to provide the basic engineering documents for the onshore sector of the pipeline
 
ADNOC taps France's Vallourec for 'mega tender'

ADNOC taps France's Vallourec for 'mega tender'

Vallourec beat out competitors including Nippon Steel, GSC and Tenaris for the commodity steel tube products, and players including Jubail Energy Services Company (JESCO) of Saudi Arabia, China's TPCO and TMK of Russia for the specialised products
 
Oman Oil seeking $1bn loan for subsidiary: Report

Oman Oil seeking $1bn loan for subsidiary: Report

State-owned company seeks funds for Oman Oil Company Exploration and Production to develop the Khazzan gas field
 
Iraq March oil exports hold steady at 3.35mn bpd

Iraq March oil exports hold steady at 3.35mn bpd

Iraq's southern exports in the first 23 days of March averaged 3.35mn bpd, close to the record of 3.37mn bpd reached in November
 
Iran in talks to process LNG in Oman

Iran in talks to process LNG in Oman

Omani Oil Minister says Oman LNG has a spare capacity of 1.5mn tonnes per annum, which can be used by Iran for liquefying its gas
 
Rex Oman ups stake in Masirah Oil to over 72%

Rex Oman ups stake in Masirah Oil to over 72%

Masirah Oil Ltd (MOL) has announced that its key shareholder Rex Oman Ltd has increased its stake in MOL from approximately 61.76% to 72.03%
 
KOGAS likely to lay down Iran-Oman gas pipeline

KOGAS likely to lay down Iran-Oman gas pipeline

The pipeline will be conducted in three phases to cover the Iran-the Strait of Hormuz section, the strait section and the Oman-LNG terminal section
 
Iran to raise March oil exports on higher EU sales

Iran to raise March oil exports on higher EU sales

The state-run NIOC is expected to ship around 250,000-300,000 bpd to Europe this month after it finalised term deals with France's Total and Spanish refiner Cepsa on March 1
 
Oil likely to recover to $55 a barrel in Q1 2017

Oil likely to recover to $55 a barrel in Q1 2017

Prices are expected to remain weak in the short-term
 
Dubai Government tackles illegal diesel trading

Dubai Government tackles illegal diesel trading

Eight Government departments came together for investigation
 
Dubai's ENOC sells over 220mn oil barrels in 2015

Dubai's ENOC sells over 220mn oil barrels in 2015

Company says its acquisition of Dragon Oil has given the Dubai Government control of strategic assets capable of producing over 100,000 bpd of oil
 




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