News tagged "Oil"

Economic outlook for GCC region remains positive

Economic outlook for GCC region remains positive

28th January 2019

According to *Times of Oman news report, amidst muted growth expectations in global markets, the economic outlook for the Gulf Cooperation Council (GCC) region as a whole remains positive, according to the Kuwait Financial Centre's (Markaz) recently released research report.[..]

Read more

Petrofac secures US$ 100 mn worth oil contracts in Iraq

Petrofac secures US$ 100 mn worth oil contracts in Iraq

28th July 2017

Petrofac, a leading provider of oilfield services, has secured a contract extension and a new award with a combined value of more than $100 million for construction management, engineering, commissioning and start-up services for two international oil companies (IOCs) in Iraq.[..]

Read more

Oil prices to witness sharp rise after 2020

Oil prices to witness sharp rise after 2020

9th March 2017

Oil prices could see a sharp rise after 2020 as supply is expected to dwindle due to the recent slowdown in investments in new projects, Paris-based International Energy Agency (IEA) said in its latest five-year oil market forecast.[..]

Read more

Saudi Aramco to invest US$ 334 bn by 2025

Saudi Aramco to invest US$ 334 bn by 2025

27th September 2016

Saudi Arabia's state-owned oil giant Aramco plans to invest a total of about $334 billion by 2025, including spending on infrastructure and projects to maintain oil capacity, a senior Aramco official said on Monday.[..]

Read more

Qatar, Algeria among new oil and gas discoveries by OAPEC in the region

Qatar, Algeria among new oil and gas discoveries by OAPEC in the region

6th June 2014

Zemanta Related Posts ThumbnailThe Organizations of Arab Petroleum Exporting Countries (OAPEC) has recently unveiled a huge number of prominent hydocarbon discoveries made in the region over last year. These include 34 new oil wells and 10 new natural gas discoveries. Algeria with is Hassi Messaaoud region spouting a new well estimated at 1.3 million barrels and the Al-Shimal field in Qatar with a new gas discovery of 71 billion cubic metres of natural gas are among the prominent discoveries announced by the Organization.[..]

Read more

First 1 2 Last