Taqa eyes BG’s power assets

State-controlled energy producer Abu Dhabi National Energy Co. (TAQA) has expressed interest in buying BG Group Plc’s power generation unit if its assets were brought to market, Bloomberg has reported. The energy firm plans to spend some $1bn on acquisitions in the next 12 months, TAQA’s CEO Peter Barker-Homek said. Related Posts:Weekly Forex Outlook: 24/11/2023 […]

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Taqa eyes BG’s power assets

State-controlled energy producer Abu Dhabi National Energy Co. (TAQA) has expressed interest in buying BG Group Plc’s power generation unit if its assets were brought to market, Bloomberg has reported. The energy firm plans to spend some $1bn on acquisitions in the next 12 months, TAQA’s CEO Peter Barker-Homek said. Related Posts:Weekly Forex Outlook: 24/11/2023 […]

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Dana Gas finds two new fields in Egypt

UAE-based Dana Gas said it has discovered two fields in Egypt with 86 billion cubic feet of gas reserves. The Faraskur-1 discovery, which may add as much as 73 billion cubic feet to the company’s Egyptian reserves, is located in the West El Manzala concession. The upper zone in El Manzala’s Marzouk-2 well, in the […]

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Dana Gas finds two new fields in Egypt

UAE-based Dana Gas said it has discovered two fields in Egypt with 86 billion cubic feet of gas reserves. The Faraskur-1 discovery, which may add as much as 73 billion cubic feet to the company’s Egyptian reserves, is located in the West El Manzala concession. The upper zone in El Manzala’s Marzouk-2 well, in the […]

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Dana Gas finds two new fields in Egypt

UAE-based Dana Gas said it has discovered two fields in Egypt with 86 billion cubic feet of gas reserves. The Faraskur-1 discovery, which may add as much as 73 billion cubic feet to the company’s Egyptian reserves, is located in the West El Manzala concession. The upper zone in El Manzala’s Marzouk-2 well, in the […]

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Dana Gas finds two new fields in Egypt

UAE-based Dana Gas said it has discovered two fields in Egypt with 86 billion cubic feet of gas reserves. The Faraskur-1 discovery, which may add as much as 73 billion cubic feet to the company’s Egyptian reserves, is located in the West El Manzala concession. The upper zone in El Manzala’s Marzouk-2 well, in the […]

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Oil climbs to near $74

Oil prices rose for a fourth day to near $74 a barrel Tuesday in Asia on speculation that the dollar will weaken further. Benchmark crude for November delivery was up 52 cents at $73.79 by late afternoon Singapore time in electronic trading on the New York Mercantile Exchange. Related Posts:Market Comment – Dollar climbs above […]

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Oil climbs to near $74

Oil prices rose for a fourth day to near $74 a barrel Tuesday in Asia on speculation that the dollar will weaken further. Benchmark crude for November delivery was up 52 cents at $73.79 by late afternoon Singapore time in electronic trading on the New York Mercantile Exchange. Related Posts:Market Comment – Dollar climbs above […]

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Oil climbs to near $74

Oil prices rose for a fourth day to near $74 a barrel Tuesday in Asia on speculation that the dollar will weaken further. Benchmark crude for November delivery was up 52 cents at $73.79 by late afternoon Singapore time in electronic trading on the New York Mercantile Exchange. Related Posts:Market Comment – Dollar climbs above […]

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Oil climbs to near $74

Oil prices rose for a fourth day to near $74 a barrel Tuesday in Asia on speculation that the dollar will weaken further. Benchmark crude for November delivery was up 52 cents at $73.79 by late afternoon Singapore time in electronic trading on the New York Mercantile Exchange. Related Posts:Market Comment – Dollar climbs above […]

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Cost of Jubail refinery to hit $12bn

Saudi Aramco and France’s Total are expected to pay more than $12bn to build the Jubail oil refinery in Saudi Arabia, Reuters has reported. ‘The EPC (engineering, procurement and construction) cost is $9.6bn and on top of that there are other costs… owners’ costs, in our case, cost of financing, which is about 25% more, […]

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Cost of Jubail refinery to hit $12bn

Saudi Aramco and France’s Total are expected to pay more than $12bn to build the Jubail oil refinery in Saudi Arabia, Reuters has reported. ‘The EPC (engineering, procurement and construction) cost is $9.6bn and on top of that there are other costs… owners’ costs, in our case, cost of financing, which is about 25% more, […]

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Cost of Jubail refinery to hit $12bn

Saudi Aramco and France’s Total are expected to pay more than $12bn to build the Jubail oil refinery in Saudi Arabia, Reuters has reported. ‘The EPC (engineering, procurement and construction) cost is $9.6bn and on top of that there are other costs… owners’ costs, in our case, cost of financing, which is about 25% more, […]

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Cost of Jubail refinery to hit $12bn

Saudi Aramco and France’s Total are expected to pay more than $12bn to build the Jubail oil refinery in Saudi Arabia, Reuters has reported. ‘The EPC (engineering, procurement and construction) cost is $9.6bn and on top of that there are other costs… owners’ costs, in our case, cost of financing, which is about 25% more, […]

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West Delta Electricity receives $183m loan

The Arab African International Bank has said that Egypt’s state-owned West Delta Electricity Company has raised EGP1bn ($183m) in a syndicated loan to cover a finance gap at its Abu Qir power project, Reuters has reported. The power company has been building a power station for two years at Abu Qir, east of the northern […]

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West Delta Electricity receives $183m loan

The Arab African International Bank has said that Egypt’s state-owned West Delta Electricity Company has raised EGP1bn ($183m) in a syndicated loan to cover a finance gap at its Abu Qir power project, Reuters has reported. The power company has been building a power station for two years at Abu Qir, east of the northern […]

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West Delta Electricity receives $183m loan

The Arab African International Bank has said that Egypt’s state-owned West Delta Electricity Company has raised EGP1bn ($183m) in a syndicated loan to cover a finance gap at its Abu Qir power project, Reuters has reported. The power company has been building a power station for two years at Abu Qir, east of the northern […]

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West Delta Electricity receives $183m loan

The Arab African International Bank has said that Egypt’s state-owned West Delta Electricity Company has raised EGP1bn ($183m) in a syndicated loan to cover a finance gap at its Abu Qir power project, Reuters has reported. The power company has been building a power station for two years at Abu Qir, east of the northern […]

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Aramco to award drilling work in Ghawar

Saudi Aramco is set to award an integrated $500m drilling contract in South Ghawar by mid-November, in a bid to cut costs, Reuters has reported. Baker Hughes, Sinopec, Schlumberger, Halliburton, and Weatherford are bidding for the job, the news service reported, citing sources at oil service firms. The five-year turnkey project will allow services providers […]

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Aramco to award drilling work in Ghawar

Saudi Aramco is set to award an integrated $500m drilling contract in South Ghawar by mid-November, in a bid to cut costs, Reuters has reported. Baker Hughes, Sinopec, Schlumberger, Halliburton, and Weatherford are bidding for the job, the news service reported, citing sources at oil service firms. The five-year turnkey project will allow services providers […]

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Aramco to award drilling work in Ghawar

Saudi Aramco is set to award an integrated $500m drilling contract in South Ghawar by mid-November, in a bid to cut costs, Reuters has reported. Baker Hughes, Sinopec, Schlumberger, Halliburton, and Weatherford are bidding for the job, the news service reported, citing sources at oil service firms. The five-year turnkey project will allow services providers […]

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Aramco to award drilling work in Ghawar

Saudi Aramco is set to award an integrated $500m drilling contract in South Ghawar by mid-November, in a bid to cut costs, Reuters has reported. Baker Hughes, Sinopec, Schlumberger, Halliburton, and Weatherford are bidding for the job, the news service reported, citing sources at oil service firms. The five-year turnkey project will allow services providers […]

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Oman daily production tops 800,000

Nasser al-Jashmi, Oman’s undersecretary for oil and gas has said that the Sultanate has reached its target of producing 800,000 barrels per day (bpd) of oil in September, and was expected to exceed that by the end of 2009, Reuters has reported. Oman’s oil output peaked at 956,000 bpd in 2001 and since then it […]

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Oman daily production tops 800,000

Nasser al-Jashmi, Oman’s undersecretary for oil and gas has said that the Sultanate has reached its target of producing 800,000 barrels per day (bpd) of oil in September, and was expected to exceed that by the end of 2009, Reuters has reported. Oman’s oil output peaked at 956,000 bpd in 2001 and since then it […]

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Oman daily production tops 800,000

Nasser al-Jashmi, Oman’s undersecretary for oil and gas has said that the Sultanate has reached its target of producing 800,000 barrels per day (bpd) of oil in September, and was expected to exceed that by the end of 2009, Reuters has reported. Oman’s oil output peaked at 956,000 bpd in 2001 and since then it […]

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Oman daily production tops 800,000

Nasser al-Jashmi, Oman’s undersecretary for oil and gas has said that the Sultanate has reached its target of producing 800,000 barrels per day (bpd) of oil in September, and was expected to exceed that by the end of 2009, Reuters has reported. Oman’s oil output peaked at 956,000 bpd in 2001 and since then it […]

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Iraq moots Exxon, Lukoil bids

Revised offers from Exxon Mobil and Lukoil for West Qurna are being considered by Iraq’s Oil Ministry, Reuters has reported. The oilfield is one of many for which Iraq had failed to secure a developer in a June auction. Iraq also expects an offer from France’s Total for the field, and says it has received […]

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Iraq moots Exxon, Lukoil bids

Revised offers from Exxon Mobil and Lukoil for West Qurna are being considered by Iraq’s Oil Ministry, Reuters has reported. The oilfield is one of many for which Iraq had failed to secure a developer in a June auction. Iraq also expects an offer from France’s Total for the field, and says it has received […]

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Iraq moots Exxon, Lukoil bids

Revised offers from Exxon Mobil and Lukoil for West Qurna are being considered by Iraq’s Oil Ministry, Reuters has reported. The oilfield is one of many for which Iraq had failed to secure a developer in a June auction. Iraq also expects an offer from France’s Total for the field, and says it has received […]

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Iraq moots Exxon, Lukoil bids

Revised offers from Exxon Mobil and Lukoil for West Qurna are being considered by Iraq’s Oil Ministry, Reuters has reported. The oilfield is one of many for which Iraq had failed to secure a developer in a June auction. Iraq also expects an offer from France’s Total for the field, and says it has received […]

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