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oil and gas

Nov 11

 Lebanese face fuel shortage as troubles mount

Lebanese face fuel shortage as troubles mount

Many petrol stations across Lebanon have closed after owners said they would not order more fuel because of restricted access to US dollars.

The shortage comes with a financial crisis that has driven more than"...

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Nov 07

Shale oil boom is ending, say industry pioneers

Shale oil boom is ending, say industry pioneers

NEW YORK — The days of relentless production growth from US shale oil fields are ending, potentially aiding OPEC’s years-long effort to drain a worldwide supply glut, according to industry pioneers Scott Sheffield and Mark Papa.

Investor calls for shale producers"...

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Nov 06

cippe2020 -- The Springboard to China’s Petroleum and Petrochemical Market

cippe2020 -- The Springboard to China’s Petroleum and Petrochemical Market

The 20th China International Petroleum & Petrochemical Technology and Equipment Exhibition (cippe2020) will be held at the New China International Exhibition Center in Beijing on March 26-28, 2020. Featuring 1,800 exhibitors, 120,000 professional visitors from 65 countries and regions,"...

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Oct 26

Eni’s oil output hits third-quarter record with more to come

Eni’s oil output hits third-quarter record with more to come

MILAN: Energy group Eni achieved its highest ever oil and gas production rate for a third quarter, softening the blow of lower quarterly earnings because of weak oil and gas prices.

The Italian company generates"...

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Oct 22

Gas station owners exhort protesters to open roads for fuel tanks

Gas station owners exhort protesters to open roads for fuel tanks

NNA - The Syndicate of gas and oil stations' owners in Lebanon on Monday exhorted protesters to open the road for tankers transporting fuel nationwide.

'Gasoline and fuel are vital substances not only"...

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Oct 22

Dubai's Dragon Oil buys BP stake in Egyptian ops

Dubai's Dragon Oil buys BP stake in Egyptian ops

Dragon Oil Ltd, the exploration and production platform of Emirates National Oil Company (ENOC), said on Monday it has acquired BP’s stake in The Gulf of Suez Oil Company (GUPCO Egypt).

The deal has been"...

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Oct 22

UAE has made 'great strides' in protecting the environment

UAE has made 'great strides' in protecting the environment

The UAE has made great strides in setting strategic objectives to protect the environment and conserve natural resources, while achieving robust economic and social development, experts said at the Water, Energy, Technology and Environment Exhibition (Wetex 2019).

Sheikh"...

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Oct 17

Murray Energy Corporation Extends Forbearance Agreements with its Lenders and Elects Not to Make Interest Payments to Noteholders

Murray Energy Corporation Extends Forbearance Agreements with its Lenders and Elects Not to Make Interest Payments to Noteholders

As previously disclosed, on October 2, 2019 Murray Energy Corporation (“Murray Energy” or “the Company”) entered into forbearance agreements with lenders holding in excess of 50% of outstanding loans under its Superpriority Credit and Guaranty Agreement and with"...

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Oct 13

Oil and gas will not save Lebanon

Oil and gas will not save Lebanon

As Lebanon races to enter the new oil producers club, decision-makers display a dangerous tendency to put all hopes on this uncertain sector and label it as the economic savior. This goes against the advice of Lebanese experts who have been warning against a 'presource' curse (the underperformance"...

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Oct 13

Oil Importers Say Crisis Resolved after Gas Station Owners Declare Open-Ended Strike

Oil Importers Say Crisis Resolved after Gas Station Owners Declare Open-Ended Strike

Lebanon’s oil importing companies announced Friday evening that they will resume delivering fuel to stations and distributors as of Saturday morning and that they will get paid in Lebanese pound, hours after distributors and the owners of stations declared an open-ended strike.

"...

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