Egypt’s EGAS Expects Delay In Gas Import Terminal

The terminal, slated to arrive in September, is now expected in October or November, according to sources.

Abu Dhabi’s Waha Capital Buys Into Dubai’s National Petroleum Services

Waha Capital bought a 20.56 per cent stake in National Petroleum Services for $76 million.

Saudi’s SABIC, Mitsubishi Rayon JV Signs Build Contract For $1.2bn Plants

Construction has begun and should be completed in the first quarter of 2017, with commercial operations beginning later in that year, a statement said.

Emirates Global Aluminium Project Clears Guinea Hurdle

The adoption of the amendments clears the path for the project, which was initially delayed due to lack of funds following the financial crisis.

OPEC Secretary General Says No Shortage Of Oil

Currently, the market is well-supplied and prices above $114 a barrel are the result of market nervousness, OPEC Secretary General Abdullah al-Badri said.

Saudi Remains Committed To Supplying Market With Extra Oil If Needed -Official

Saudi Arabia has the ability to pump to its full capacity of 12.5 million barrels per day, an official said.

Abu Dhabi’s Mubadala Petroleum Says Makes Malaysian Gas Discovery

Mubadala Petroleum said it found substantial gas in the Pegaga well in its operating block SK320.

Oman Power Firms To Start Trading Monday After IPOs Attract Demand

Al Suwadi Power Co and Al Batinah Power Co, each offered a 35 per cent stake to the public in offerings worth a combined $162.9 million.

Global Economy: Oil Price Risks Put Inflation Back In Focus

Oil prices neared nine-month highs late last week, touching $115 a barrel.

Oman Plans Refinery Maintenance In June For About A Month

Oman Oil Refineries and Petroleum Industries Co (Orpic) said supply to the market will not be interrupted.

Saudi’s ACWA Signs $2bn Deal To Develop Power Plant In Vietnam

The project will be developed on a build, own, transfer (BOT) basis with a total investment of $2 billion, ACWA said.

Saudi Electricity Co Says Signs $13.2bn Interest-Free Government Loan

The loan has a lifespan of 15 years but there is a grace period of ten years before repayments begin, a statement to Riyadh’s bourse said.

India Plans To Pay $1.65bn Iran Oil Dues Via UAE Central Bank

Under the proposed new arrangement, the Reserve Bank of India would buy the dollars from authorised currency dealers, instead of the Indian oil buyers tapping the currency market.

Iraq’s Biggest Oil Refinery Shut Down, Foreign Staff Evacuated

Baiji, one of three oil refineries in Iraq, was shut down amidst rising sectarian violence in the country.

UAE’s Masdar, Saudi’s KACARE Sign Deal To Develop Clean Energy

The agreement will facilitate joint investments by both organisations in clean energy projects and green technology investment funds.

Hackers Warn Of Cyber Attacks On Oil Companies In Saudi, UAE, Qatar

The threat has been issued by Anonymous, a politically motivated group of hacktivists, according to Symantec.

DEWA Says All Services Now Available On Smart Devices

DEWA’s customers conducted around 3.3 million transactions in 2013 through its website and smart app, its chief executive said.

UAE’s Dana Gas Says No Impact On Iraqi Kurdistan Ops From Fighting

Shares in Dana Gas dropped 4.8 per cent on Sunday as part of a wider rout in Gulf stock exchanges that was partly due to the news from Iraq.

Saudi Arabia Proposes Reducing OPEC Meets From Twice To Once A Year

The OPEC meetings since 2012 have produced no policy change.

Saudi’s Sipchem Growth Plans Remain Despite Merger Collapse

Sipchem recently ended merger talks with Sahara Petrochemical.

Saudi Aramco Reports Small Fire At Gas Plant, No Disruption

The Berri gas plant includes three gas-oil separation plants, five new and 10 upgraded offshore platforms, 35 drilling islands and a 140MW co-generation plant.

Oil Prices At The Right Level For OPEC – UAE

OPEC, which pumps more than a third of the world’s oil, meets on Wednesday in Vienna to decide on output policy.

Saudi’s Sipchem Says Postpones Merger Talks With Sahara

Both firms agree the merger is still in the interest of shareholders but said it couldn’t be achieved under the current regulatory regime.

Shortfall In Middle East Oil Investment Could Push Up Prices -IEA

A large part of the investment to increase output will need to come from the Middle East as a rise in non-OPEC production such as U.S. shale oil starts to lose steam in the mid-2020s.

Kuwait Says Looking To Import Iranian Natural Gas

The Gulf state also signed a contract earlier this year to import liquified natural gas (LNG) from Qatar to help meet its energy needs.

Egyptian Govt Says It Is $9.8bn Over Budget On Fuel Subsidies

Energy prices in Egypt are among the lowest in the world, and the government spends more than a fifth of its budget keeping them down.

Qatar’s RasGas Signs Deal With E.ON To Supply LNG To The UK

The three-year contract has the potential to supply up to around two billion cubic meters over its term.

Dubai Sees Reduced Energy And Water Demand In 2013

Dubai’s annual per capita consumption of electricity and water fell to 15,346 KW and 40,777 gallons respectively in 2013.

UK Firm To Build $505m Sharjah Faciliity

The project is set to become the world’s largest advanced thermal energy-from-waste facility.

UAE Receives First Nuclear Energy Reactor Vessel

The country’s first nuclear energy reactor is on track to begin operations in 2017, say officials.