Use of natural gas to generate electricity will help reduce CO2 emissions.
Revenue increased by 12 per cent to 4.1 billion pounds, of which El Sewedy’s wire and cable segment accounted for 3.1 billion.
Bids are now due by Oct. 20, pushed back from Sept. 8, for the multi-billion-dollar project.
Chevron won the new contract to supply U.S. allied military jets refuelling in Dubai.
The GCC region will face gas shortage by 2015 owing to a demand-supply imbalance, according to a new report.
The US and its allies are readying for air strikes against Syrian President Bashar al-Assad.
The company found the reserves at the El Salmiya-2 well in Egypt’s Western Desert.
A consortium of National Petroleum Construction Company (NPCC) and France’s Technip will develop the Umm Lulu field.
The two nations have signed a 25-year deal valued at around $60 billion.
TAQA said it had decided to defer the investment decision in Afsin-Elbistan until 2014.
The fifth and last LNG shipment from Qatar is expected to be loaded next month.
Reports claim that some Libyan oil exports, stopped due to strikes and civil unrest, might soon resume.
The utility has issued a request for tenders for the 1200 MW plant.
Doha agreed in June to supply Egypt with five shipments to cover some of its power needs.
Mubadala Petroleum and Kris Energy will develop the Nong Yao field with production capacity of up to 15,000 barrels of oil per day.
Ali bin Saleh Al-Barrak has been serving as the CEO of the utility since October 2006.
UAE-based Crescent Petroleum is one of the companies to bid for the onshore and offshore blocks.
Supply disruptions in OPEC countries like Libya and Iraq have pushed down the group’s contribution to global oil supply, estimates IEA.
Strikes have again halted loadings at the Es Sider and Ras Lanuf terminals, following a recent two-week outage.
The company will supply gas and steam turbines and other equipment for the upcoming Jazan power plant.
Hyundai Heavy Industries will build a power plant with 2,640 megawatts of capacity in Shuqaiq.
Experts advocate the use of solar technology to reduce energy consumption and increase efficiency.
Doha has promised Egypt five LNG shipments in total to help meet its energy needs.
The unit had been shut down to work on a gas compressor.
TAQA’s results were weighed down by derivatives and hedging exposures and a slump in income from its oil and gas business.
In an open letter to Oil Minister Ali al-Naimi, Prince Alwaleed said oil demand from OPEC states was declining.
Vast domestic demand, external threats and the end of easy oil are driving the Middle East’s renewable energy sector.
The latest developments in fracking technology will not affect GCC oil demand negatively.
The plant is estimated to have a processing capacity of 1 billion standard cubic feet per day of sour gas.
SABIC’s net income for the three months to June 30 was 6.04 billion Saudi riyals compared with 5.3 billion riyals in the same period last year.