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oil and gas

Nov 16

Great Eastern Energy Corporation to Venture into Shale Gas Exploration

Great Eastern Energy Corporation to Venture into Shale Gas Exploration

Great Eastern Energy Corporation Limited (LSE: GEEC), the fully integrated, leading Indian Coal Bed Methane (“CBM”) Company, today announced an upgrade in its resources at its Raniganj (South) block, which has been provided by the independent reserve engineers, Advance Resources"...

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Nov 15

Oil rebounds as world markets fall for 5th day

Oil rebounds as world markets fall for 5th day

Reuters
NEW YORK
Oil prices rebounded on Wednesday on hopes for output cuts after a steep drop a day earlier, while a gauge of global stock markets fell for a fifth straight session as declines in tech and financial shares pressured Wall Street.
Oil recouped some of the"...

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Nov 13

Oil firms in Beirut ordered to stop fueling Iran airlines

Oil firms in Beirut ordered to stop fueling Iran airlines

BEIRUT: International oil companies operating at Beirut’s airport have been warned against fueling airlines that are affected by the recent U.S. sanctions against Iran, Lebanese officials told The Daily Star Friday.

Asked"...

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Nov 13

Lebanon approves extra-budgetary fuel spending to avert blackouts

Lebanon approves extra-budgetary fuel spending to avert blackouts

BEIRUT: Lebanon's parliament on Monday approved over US$400 million (£311.3 million) in extra-budgetary spending on power station fuel, avoiding a new electricity supply crisis but adding to a gaping budget deficit.

With"...

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Nov 12

Canada eyes new ways to move stranded crude-

Canada eyes new ways to move stranded crude-

Reuters

CALGARY, Alberta
Canada's biggest railroad says it is attracting interest from oil producers in its effort to move crude in solid, puck-like form, as clogged pipelines divert more oil to riskier"...

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Nov 11

US court halts construction of Keystone pipeline

US court halts construction of Keystone pipeline

A US federal judge on Thursday halted construction of the Keystone XL oil pipeline, arguing that President Donald Trump’s administration had failed to adequately explain why it had lifted a ban on the project. The ruling by Judge Brian Morris of the US District Court for the District"...

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Nov 11

In Lebanon, generator standoff highlights power gap

In Lebanon, generator standoff highlights power gap

On Thursday, some 4.5 million residents of Lebanon received a surprising message on their mobile phones: “Generator owner refuses to install a meter? Inform the Ministry of Economy on the hotline, 1739.”

It"...

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Nov 05

Syria And Lebanon: Oil And Gas Ambitions Hit Reality

Syria And Lebanon: Oil And Gas Ambitions Hit Reality

Oil and gas continue to inflame the conflict in Syria even though the Islamic State’s territory has shrunk, and the Syrian government has recovered control over portions of the country. In fact, local players and external actors battle for control and ownership over Syrian oil and"...

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Nov 05

Abu Dhabi National Oil Company Announces $132 Billion CAPEX Program, Integrated Gas Strategy and an Increase in Oil Production

Abu Dhabi National Oil Company Announces $132 Billion CAPEX Program, Integrated Gas Strategy and an Increase in Oil Production

The Abu Dhabi National Oil Company’s (ADNOC) announced, today, its plans to launch a new integrated gas strategy and increase its oil production capacity to 4 million barrels per day (mmbpd) by the end of 2020 and 5mmbpd by 2030, following approval"...

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Nov 02

Fluor Joint Venture Achieves First Steam on Clean Fuels Megaproject in Kuwait

Fluor Joint Venture Achieves First Steam on Clean Fuels Megaproject in Kuwait

(AETOS Wire)-- Fluor Corporation (NYSE: FLR) announced today that its joint venture team, FDH JV, has successfully generated first steam into Kuwait National Petroleum Company’s (KNPC) Clean Fuels Project in Kuwait. “This significant milestone marks the completion and turnover of the first utility units by the Fluor-led joint venture and KNPC is advancing these units into operation with our ongoing support,” said Al Collins, president of Fluor’s Energy & Chemicals business in Europe, Africa and the Middle East. “The 12,000-plus craft workers at site have been backed by joint venture project team members across......

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