OIL AND GAS

July 23, 2019

Sultanate to host oil congress, exhibition from September 2-4

Muscat -

Oman is going to host the 10th annual World Heavy Oil Congress & Exhibition (WHOC) at the Oman Convention & Exhibition Centre from September 2-4. To be held under the patronage of the Ministry"...

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July 23, 2019

Bilfinger wins multiple engineering contracts in Abu Dhabi

Global engineering and industrial services provider Bilfinger has been awarded multiple prestigious engineering contracts by the Abu Dhabi National Oil Company (Adnoc). The projects, secured by Bilfinger’s Middle East division, entail the provision of front-end engineering design (Feed) for onshore facilities. Under the terms of the Feed contracts, Bilfinger Tebodin Middle East will provide engineering services for a new wastewater treatment plant located in a refinery complex in Ruwais, as well as a basic design and detailed......

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July 22, 2019

Oil rises on Middle East Gulf tensions; Libya field resumes output

SINGAPORE/TOKYO – 22 July 2019: Oil prices rose on Monday on concerns that Iran’s seizure of a British tanker last week may lead to supply disruptions in the Middle East Gulf, although gains were capped as Libya resumed output at its largest oil field.

Brent crude"...

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July 21, 2019

Libya’s NOC confirms 290,000 bpd production at Sharara offline

LONDON: Libya’s National Oil Corporation confirmed on Saturday that production at its 290,000 barrels per day El Sharara oilfield was currently offline.


NOC said it was conducting a full-scale investigation"...

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July 21, 2019

Electricity Company may turn off fourth turbine of Ubari power plant due to lack of fuel

The General Electricity Company of Libya has warned that the newly operated fourth turbine of Ubari power plant will be shut down once the oil stock operating it runs out.

The warning came following a statement"...

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July 21, 2019

NOC declares force majeure on Sharara crude oil loadings at Zawiya port

The National Oil Corporation (NOC) declared Saturday a state of force majeure on crude oil loadings at Zawiya port as a result of an unlawful Sharara pipeline valve closure by an unidentified group between Hamada and the Zawiya port.

Around"...

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July 18, 2019

Intermittent power effects AGOCO production and June revenue figures

National Oil Corporation (NOC) recorded June income of 1.7 billion USD from sales of crude oil and derived products, in addition to taxes and royalties received from concession contracts – a month-on-month decrease of 580 million USD (-25%). Accordingly, half-year recorded oil and"...

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July 18, 2019

Third unit if Ubari Gas Station to enter service soon, GECOL confirms.

The Director of the Information Office of the General Electricity Company (GECOL), Mohamed Takouri confirmed that operational trials for reactivating the third unite of Ubari gas-fired power plant are underway.

Takouri"...

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July 18, 2019

NOC: oil revenues drop 25% in June

The National Oil Corporation (NOC) said that sales of crude oil and its derivatives in June amounted to $ 1.7 billion, a decrease of $ 580 million, about 25 percent, compared to May.

The company explained in a"...

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July 18, 2019

$209bn MENA power investment needed over next five years

The MENA region will need to invest $209 billion in the power sector over the next five years, according to a new report by The Arab Petroleum Investments Corporation (APICORP).

The latest MENA Power Investment"...

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