Global natural gas prices to rise by 19% in 2013
The global gas market is projected to remain in surplus during the 2013-14 period as demand remains restrained and supply...
Oil & Gas
Dana Gas and Crescent invest $1 billion in Kurdistan region of Iraq
Dana Gas PJSC, the Middle East's leading private-sector natural gas company, and Crescent Petroleum, the Middle East's oldest private oil...
Lebanon reports strong interest in gas exploration bids
Ninety-seven oil companies and more than 100 other firms have requested application documents in the pre-qualifying bid round for oil...
GCC oil income at all-time high in 2012
Strong oil prices allied with higher output to boost the combined 2012 income of Gulf hydrocarbon producers by nearly $42...
New Saudi-Bahrain pipeline to carry 450,000 b/d
Bahrain Petroleum Company (Bapco) completed studies for a new pipeline that would link the company's refinery with the Eastern Province...
Saudi Arabia to drill for shale gas this year
Saudi Arabia will push ahead this year with exploratory drilling of shale and other unconventional gas reserves which could be...
$1 billion to develop Iraq’s Majnoon field
Royal Dutch Shell has allocated more than $1 billion to develop Iraq's Majnoon oilfield in 2013, the head of the...
Punj Lloyd wins a $57.75 million Saudi Al-Khafji offshore project deal
Punj Lloyd Group says it received an offshore project in Al-Khafji, Saudi Arabia, marking its entry into the Middle East...
LNG exports from Oman generate $4 billion in annual revenues
Exports of Omani liquefied natural gas (LNG) generates currently around $4 billion in annual revenues for the country, underscoring the...
Qatar in major gas find after 42 years
Qatar, the world’s largest exporter of liquefied natural gas (LNG) which sits over massive natural gas reserves, has discovered as...
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