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Bahrain announces discovery of biggest oil field

Bahraini State authorities announced Sunday the discovery of the country’s so far largest oil and gas field whose production could exceed current oil and gas yield. The tiny Gulf oil producer and non-OPEC member currently explores two oil fields, namely state controlled onshore Bahrain Oil Field and the offshore Abu Safah field whose revenues are […]

April 2nd, 2018 | Posted in Energy,Headlines | Read More »

Iraq plans to boost its oil-exporting capacity

Iraq is reportedly ramping up efforts to expand its capacity to pump and export oil through building a processing facility that will double output at the Majnoon field to 450,000 bpd. Ihsan Abdul Jabbar, the director-general of state-run Basra Oil Company, told Bloomberg that Iraq is seeking bids from six companies for the $4-billion project […]

March 29th, 2018 | Posted in Energy,Headlines | Read More »

Saudi Aramco, Malaysia’s PETRONAS set up 2 joint ventures in Malaysia

Saudi oil giant company, Aramco, and Malaysia’s Petroliam Nasional Berhad (PETRONAS), have announced Wednesday the setting up of two joint ventures for the Refinery and Petrochemical Integrated Development (RAPID) project. The strategic alliance is a historic partnership between two of the largest and most successful national oil companies in the world, bringing together the resources, […]

March 28th, 2018 | Posted in Energy,Gulf News,Headlines,World News | Read More »

UAE: Operation at first nuclear reactor to be delayed to next year

UAE Federal Authority for Nuclear Regulation (FANR) has pushed to next year operation of the first Arab world nuclear reactor due to lack of expertise from the staff recruited to run the power facility, Reuters reports. Two sources told Reuters that the Barakah plant will be inaugurated this month but will not run as planned. […]

March 23rd, 2018 | Posted in Energy,Headlines | Read More »

Oman: Major gas discovery made

State-run oil Oman Petroleum Development (PDO) has announced the discovery of a giant gas reservoir whose potential will boost the country’s economy and sustainable growth. The new find located in the Mabrouk gasfield, in the Garif formation in northern Oman, boasts a reservoir of 4 trillion cubic feet (tcf) of recoverable gas and 112 million […]

March 20th, 2018 | Posted in Energy,Headlines | Read More »

Gulf Crisis: UAE rejects Qatar’s announcement of extension of collaboration at Al-Bunduq oil field

The United Arab Emirates (UAE) Tuesday quickly debunked claims by Qatar Petroleum (QP) that the Qatari state-run company and Abu Dhabi agreed to continue collaboration in operating Al-Bunduq oil field, push-backs which show that the Gulf crisis is not abating. A source in the UAE’s Supreme Petroleum Council pointed out, in a statement carried by […]

March 14th, 2018 | Posted in Energy,Headlines | Read More »

Bahrain to set up 5MW solar, wind energy plant

Bahrain, hoping to ride the crest of the renewable energy wave, is set to build a pilot power plant that will produce up to five megawatts (MW) of electricity from renewable resources, said a report. The project, to be carried out by Bahrain’s Electricity and Water Authority (EWA) will be set up over 12 hectares […]

February 24th, 2018 | Posted in Energy,Gulf News,Headlines | Read More »

Bahrain Accuses Iran of Plotting Pipeline Blast

Bahraini authorities held Iran responsible for a plot to bomb a pipeline connecting the country to Saudi Arabia, after the arrest of a four-member terrorist cell with ties to Iran. The Bahraini Interior Ministry said two of the group members had been trained at the Iranian Revolutionary Guard camps. Tehran rejected Manama’s accusations as “false […]

February 8th, 2018 | Posted in Energy,Headlines | Read More »

Tension Simmers between Egypt & Turkey over Maritime Borders Demarcation

Egypt waved the threat of confrontation if Turkey undermines its interests in the eastern Mediterranean where Cairo signed a gas exploitation deal with Greek Cyprus. “Turkey will face a confrontation with Egypt if it does not respect Cairo’s rights for gas exploration” the Egyptian Foreign Ministry spokesperson Ahmed Abu Zeid warned. Abu Zeid added that […]

February 8th, 2018 | Posted in Energy,Headlines,World News | Read More »

Oman: BP signs up for supply of 1.1 mtpa of LNG a year

Oman Liquefied Natural Gas Company (Oman LNG) will supply British Petroleum BP 1.1 million tons of LNG per year in a deal to last seven years, Reuters reports. BP was represented by its Singapore-based trade unit. The deal, according to Reuters, allows BP to ship the cargoes anywhere without destination restrictions. The global oil firm […]

January 23rd, 2018 | Posted in Energy,Headlines | Read More »