OPEC Pumps Record Volumes

Despite demand worries, OPEC oil production reportedly reached 30.97 million bpd in February, the highest since November 2008.

Bahrain Eyes Gas Imports From Russia

The Gulf state is initially planning to import the equivalent of around 3 million tonnes a year of LNG from Russia’s Gazprom.

Korea Gets UAE Oilfields Stake

A Korean consortium has signed a deal with ADNOC to acquire a 40 per cent stake in three oilfield projects in the UAE.

Saudi Raises Crude Prices For Asia

Saudi Arabia has increased the price of its Arab Light crude oil for customers in Asia by $1.25 a barrel for April.

Regional NOCs Going Global

National oil companies that are globalizing must be prepared to face complicated, international risks.

IPIC Signs $850mn Loan

Abu Dhabi’s International Petroleum Investment Company is refinancing the $850 million, three-year loan it signed in February 2009.

Taqa Raises $215mn From Sukuk Sale

The ten-year Malaysian ringgit-denominated Islamic bond carried a 4.65 per cent profit rate.

IMF Warns About Rising Oil Prices

The Fund said that higher oil prices are posing a rising threat to the global economy.

Saudi Faces Rising Oil Demand

The Kingdom is concerned about keeping the global oil market well supplied as demand from Asian countries increases.

ILF Engineers Wins DEWA Contract

DEWA has awarded ILF Engineers a consultancy contract for two solar projects, including its $3.26 billion energy park.

Gulf Funds Eyeing ONGC Stakes

Sovereign wealth funds from the UAE and Kuwait have reportedly agreed to buy stakes in India’s ONGC.

Aramco, Pertamina Sign Petro Deal

Aramco signed an initial deal with Indonesia’s state energy firm, PT Pertamina, to look into building a petrochemicals project in Indonesia

Brent Falls On Greece Woes

Brent crude slips to $118 as a final decision on Greece’s bailout package faces a possible delay.

SABIC, Sinopec In $5.3bn Contract

The two companies are in negotiations to build a methanol complex in Trinidad and Tobago.

Dolphin Raises $1bn From Bond Sale

Abu Dhabi’s Dolphin Energy will use the proceeds to meet its refinancing needs.

Saudi Ready To Up S Korea Oil Supply

Saudi Arabia might increase crude oil supplies to South Korea as Seoul looks for alternatives to Iranian oil.

Oman Plans 230km Gas Pipeline Project

The pipeline will supply gas to the town of Duqm and is estimated to cost around $200- 220 million to build.

Saudi Can Cover Oil Shortages

The kingdom’s oil minister has said that rising domestic demand will not affect crude oil exports.

Oman May Sell Crude To Sri Lanka

The country is scrambling to find an alternative to its threatened primary supply from Iran, Oman’s oil minister has said.

Oil Quandary for South Africa

South Africa, a large importer of Iranian oil, is assessing the impact of international sanctions.

Kuwait Partners With Total for China JV

The $9 billion refinery project in China is expected to produce 300,000 barrels per day of crude oil.

New Brazilian CEO Is Top Oil Woman

Maria das Gracas Foster will oversee a $225 billion investment proposal to more than double Petroleo Brasileiro’s oil output.

$2bn Boost For Oman’s Solar Power

Swiss and German investment funds are undertaking the project.

Power Struggle

Jordan and Saudi Arabia are set to join the UAE in the race to build nuclear energy plants to offset stressed domestic grids.

Masdar Struggles To Invest Locally

Governments worldwide are earmarking more funds for the clean energy sector as part of economic recovery.

Global Energy Demand Rises

Mass energy consumption rebounded strongly in 2010 and looks set to grow further, according to BP’s latest review.

Disharmony At OPEC

The lack of an unanimous agreement over oil production levels casts a shadow over OPEC’s future.

Is The Oil Price Rising Too Fast?

Harsh winters, quantitative easing and political unrest have pushed crude over $90 a barrel in the last three months. Rising oil prices could cause a double dip recession.