Refineries across Asia typically shut for maintenance in the second quarter, reducing crude demand.
The collaboration will help the bourses offer energy products such as liquefied natural gas and electricity.
Three agreements were signed between Oman and Iran, one of which was an initial deal on building a gas pipeline linking Iran with the Sultanate.
The view on oil demand growth from the OPEC contrasts with that of the U.S. government’s Energy Information Administration, which on Tuesday cut its forecast.
The project looks likely to be on time and on budget and is being built as per the “highest standards”, says nuclear expert Lady Barbara Judge.
Saudi Arabia aims to develop shale gas for power generation in order to save more of its crude oil for export.
Buyers of Qatar’s deodorised field condensate include Shell, South Korea’s SK Energy and Samsung Total Petrochemical.
Development of the Saudi petrochemical sector is part of Riyadh’s strategy for diversifying the economy away from its dependence on crude export revenues.
South Korea’s Daelim Industrial, France’s Technip, Spain’s Tecnicas Reunidas and Taiwan’s CTCI have submitted bids for the two-plant project in Jubail.
Oman aims to raise gas output to an average of 120 million cubic meters per day (mcm/d) over the five-year period from 2014 through 2018, according to an official.
Continued tensions in Ukraine have caused energy prices to rise and financial markets to decline.
Shell Oman Marketing Company previously supplied half of Oman Air’s fuel at Muscat airport.
Saadan joined Aramco in 1980 and has worked as vice-president of corporate planning and chief executive of the Aramco-Exxon Mobil refinery in Yanbu.
The firm will construct nine turnkey substations for Qatar General Electricity and Water Corporation’s phase 11 expansion.
Abu Dhabi’s TAQA will control the operations and management of both plants under the deal.
James McCallum, CEO & chairman of the LR Senergy Group, writes that the oil and gas sector needs more young talent from a selection of fields.
The substations will aid the expansion of oil fields in Kuwait’s northern region and will support the Gulf state’s plans to boost production.
Mesaieed, a unit of state-owned Qatar Petroleum (QP), raised 3.2 billion riyals ($880 million) in an IPO of about 26 per cent of its shares.
Edward LaFehr, who now leads TAQA’s North American operations, will take on all Sheldon’s current responsibilities.
Ghana is one of Africa’s newest crude exporters after starting production from its offshore Jubilee field in late 2010.
In January, the monopoly said its annual profit for 2013 rose 19 per cent to 3.04 billion riyals from a year earlier.
The company made a fourth-quarter profit of 176.5 million Qatar riyals ($48.5 million), down from 203.3 million riyals a year earlier.
The substation, which has a capacity of 150 megavolt ampere (MVA), was built at the cost of Dhs86 million.
Abu Dhabi Investment Council and Dutch-owned oil trader Vitol have reportedly bought Shell’s downstream Australian assets.
Power production at Ras Al Khair was expected to start in late 2012 but was delayed by construction issues.
The number of 600,000-barrel cargoes scheduled to load in April has fallen to 13, two less than March, the sources said.
Oman relies on oil and gas for 87 per cent of its budget revenue.
Aluminium Bahrain’s net income for the final three months of 2013 was 13.7 million dinars ($36.3 million).
OPEC said global demand will rise by 1.09 million barrels per day this year, up about 40,000 bpd from its previous forecast.
The approval will help ensure that the units remain on schedule for commercial operations in 2019 and 2020 respectively.