Global gas consumption to increase by 4% in 2013
Global gas demand is projected to reach 3,460.7 billion cubic meters (bcm) in 2013, constituting an increase of 3.6% from...
Oil & Gas
Global oil demand to grow to 89.57 mbpd
OPEC kept its forecast for growth in world oil demand unchanged for 2012 and 2013, as the organization's ministers gathered...
Iraq seeks around 1 million tons more gasoil for 2013
Iraq's State Oil Marketing Company (SOMO) is seeking nearly 1 million tonnes of gasoil on behalf of the country's electricity...
Saudi oil exports earnings exceed $267 billion
Saudi Arabia exported nearly 2.68 billion barrels of crude oil in the past 11 months of the current year that...
Petrofac wins 2 contracts worth $1.4 billion in Saudi Arabia
Petrofac Limited, a oil and gas services company, said it has been awarded two engineering, procurement and construction (EPC) contracts...
Experts call for LNG terminals in Lebanon
Lebanon needs to proceed with plans for liquefied natural gas import terminals despite high offshore natural gas prospects, said experts...
Iraq seals 2013 gasoil contract with Vitol and BP
The State Oil Marketing Organization (SOMO) of Iraq has finalized an agreement to buy up to 1.097 million tones of...
Saudi Arabia: Oil heads up robust growth
Increased crude production in Saudi Arabia, combined with rising oil prices, has put the Kingdom on track to generate record...
Levant Basin Province could embrace as much as 122 trillion cubic feet of gas and 1.7 billion barrels of oil
The US geological survey assessed that the Levant Basin Province, including parts of Israel, Lebanon, Syria, and Cyprus, could embrace...
Qatar’s Minister of Energy and Industry: Demand for natural gas to rise 60%
With the demand of natural gas is projected to rise in the long term, the development of Natural Gas and...
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