A Bahraini senior oil executive has said consumers in the Middle East, who have long enjoyed subsidised gas, need to come to terms with paying much more, Reuters has reported. “The era of cheap gas prices in the Middle East is behind us,” Dawood Nassif, head of strategy and business development at Bahrain Petroleum Co [...]
Egypt-based Apache Khalda Corp has awarded a subsidiary of global engineering and construction firm Foster Wheeler a project management consultancy (PMC) services contract for its Qasr Compression Project. According to the terms of the deal, Foster Wheeler is to oversee the front-end engineering design (FEED) for the project in the Western Desert, 525km west of [...]
Saudi Aramco is considering setting up a joint venture with Japanese thin-film solar cell maker Showa Shell Sekiyu KK to produce solar cells in Saudi Arabia within two to three years, Nikkei business daily has reported. If Aramco can introduce the Japanese firm’s technology into Saudi Arabia, that would contribute a lot to the nation’s [...]
Abu Dhabi National Oil Co (ADNOC) has not received a request from Royal Dutch Shell to cancel any crude shipments to its Singapore refinery, following a fire at Shell’s biggest refinery last week, Reuters has reported, citing an Adnoc source. “We have called them and they told us no impact with regards to cancellation of [...]
Sheikh Ahmed bin Saeed Al Maktoum, chairman of Dubai’s Supreme Energy Council has said the emirate’s Al Jalila oilfield is on track to commence operations before the end of 2011, Reuters has reported. “God willing, it will start this year,” he told reporters in Dubai, declining to give production levels. The offshore oil field, which [...]