QPI will contribute specifically to the French company’s Moho North oil project.
The Gulf State has commissioned the Middle East’s first solar enhanced oil recovery (EOR) project.
Over 1,000 of around 1,400 staff at Oil Sector Services, owned by Kuwait Petroleum Corporation, have been gathering in a union building.
The project, estimated to be worth less than $300 million, is due to come online in mid-2016.
The state-owned firm built a crude oil pipeline from Habshan to Fujairah in the UAE.
The plant will use integrated gasification combined cycle (IGCC) technology to convert vacuum residue fuel from the refinery into a synthetic gas.
Saudi Aramco is estimated to import 8.9 million barrels of diesel in June, up from around 6.7 to 7.5 million barrels in May.
The Kingdom produced 9.136 million bpd of oil in March, 14,000 bpd less than in February.
Nizar Mohammad al-Asani replaced Farouk Zanki as CEO at the oil firm and the cabinet approved the nomination of six board members.
US growth remains weak, the European debt crisis is dragging on and instability is affecting the Middle East’s oil supply.
A two-month shutdown of Oman’s biggest refinery slashed Omani regular gasoline output by 42 per cent in the first quarter of 2013.
Centrica and QPI said in April they would buy Suncor Energy Inc’s gas business in Canada for C$1 billion ($986.73 million) in their first acquisition.
US shale oil will help meet most of the world’s new oil demand in the next five years, says International Energy Agency.
During the first three months of 2013, Dana collected $41 million in receivables from Egypt and $32 million from Kurdistan.
RAK Petroleum’s assets include a 42.8 per cent holding in Norwegian oil company DNO International ASA.
Under the deal, the companies would send up to 15.6 million tonnes of LNG each year to their South Hook terminal in Wales from the Golden Pass plant in Texas.
Kurdistan thumbs its nose once more to Federal Iraq in a long-running feud that threatens to boil over
The state-owned utility posted a net profit of Dhs106 million dirhams ($28.9 million) for the first quarter, compared with Dhs534 million for the year-ago period.
Saudi Aramco’s Omar Abdulhamid was appointed as the head of research, the second most senior post at OPEC.
Both Al Suwaidi Power Co and Al Batinah Power Co aim to each offer a 35 per cent stake to the public.
A source has said Qatar Solar Technologies (QSTec) is willing to take a minority stake in the German solar company.
Japanese Oil Development Co. owns 12 per cent of the Abu Dhabi Marine Operating Company oil and gas concession which expires in 2018.
Abu Dhabi clean energy company Masdar has signed an MoU with UK’s GIB.
KSA’s oil minister said it is good news that U.S. crude output has jumped to the highest level in around 20 years.
The 30-year venture puts Shell in position to renew its role in the UAE’s largest onshore oil concession when that contract comes up for renewal next year.
Saudi Oil Minister Ali al-Naimi is giving a major energy speech in the US on Tuesday.
The move aims to improve operational efficiency and will not lead to staff redundancies, confirms fuel retailer.
The oil storage terminal, with a storage capacity of over 141,000 cubic metres, will have a direct pipeline connection with the Dubai airport.
The UAE currently produces around 2.7 million tonnes and relies on imports for the rest, according to officials.
Abu Dhabi-listed Dana Gas has won a bid to develop an offshore block in Egypt’s Nile Delta.