OIL AND GAS

March 20, 2019

UAE inaugurates three major projects under US$50 million Caribbean Renewable Energy Fund

ABU DHABI, 19th March, 2019 (WAM) -- Three climate-resilient solar power projects in the Bahamas, Barbados, and Saint Vincent and the Grenadines are being inaugurated this week under the US$50 million UAE-Caribbean Renewable Energy Fund, UAE-CREF.

The"...

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March 19, 2019

Middle East Oil and Gas Show and Exhibition opens

Manama, Mar. 18(BNA): H.R.H. Prince Khalifa bin Salman Al Khalifa, Prime Minister nominated H.E. Shaikh Khalid bin Abdullah Al Khalifa, Deputy Prime Minister to inaugurate the 21st Middle East Oil & Gas Show and Conference (MEOS 2019) in the Bahrain International Exhibition and Convention"...

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March 18, 2019

South Africa hit by more power cuts as electricity imports from Mozambique face disruption

South African state utility Eskom stepped up blackouts on Saturday as it lost 900 megawatts of electricity imports from neighbouring Mozambique, which was hit this week by a cyclone.

Eskom, which generates nearly"...

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March 13, 2019

Sharara oilfield production set to increase in two weeks time

A source from the Sharara oilfield said that production in the field is expected to reach 300 thousand barrels per day in two weeks, according to Reuters. The production rate currently, stands at 183 thousand barrels per day, an increase of 3,000 barrels per day from the beginning of the week, the source added, pointing out that maintenance work in the field is still ongoing, following the lifting of the status of force majeure, which was imposed by the National Oil Corporation last December. libyaobserver ...

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March 13, 2019

Kuwait backs efforts to stabilize oil market

Kuwait supports international efforts aimed at restoring balance and stability to the global oil market in a manner that serves common interests of crude exporting and importing countries, a senior official has affirmed.

It"...

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March 11, 2019

Libya's Oil Poised to Hit 6-Year High After Field Restarts

Libya’s oil output is on track this month to hit an almost six-year high after the country resumed production at its biggest field on Tuesday.

The OPEC member is pumping 1.17 million barrels of crude a day,"...

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March 6, 2019

South Africa to host e-commerce conference

Johannesburg, South Africa (ADV) – South Africa is set to hold this year’s e-Commerce Africa Conference and Exhibition aiming to bring together stakeholders in the e-commerce sector.

Set to be held"...

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March 6, 2019

NOC demands lifting air embargo on its southern fields

The National Oil Corporation (NOC) demanded Monday the abolition of the air embargo on its fields in the southern region after the armed group responsible for closing Sharara oil field since last December agreed to leave the site.

'Air"...

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March 6, 2019

Libya’s oil production declined in January

The National Oil Corporation (NOC) has declared that January revenues from sales of crude oil and derived products, in addition to taxes and royalties received from concession contracts, was just over 1.6 billion USD – a drop of more than 680 million USD (-30%) compared with the previous"...

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March 5, 2019

UPDATE 4-Oil drops towards $65 as Libya's biggest field restarts

LONDON, March 5 (Reuters) - Oil fell towards $65 a barrel on Tuesday, pressured by the restart of Libya's biggest oilfield and on expectations for an increase in U.S. crude inventories.

Some wells at Libya's"...

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