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French energy producer & provider company Total has acquired a 40 pc stake in an exploration license in Yemen from Oil Search, Papua New Guinea oil and gas Company, for around $40 million. “With this new acquisition, Total is pursuing Read more
The tunisian industry ministry has said it is planning to invest $ 1.7 billion to boost hydrocarbons output in 2012. The move, which also includes exploration drilling in 24 new oil sites, is destined to enable the North African country Read more
Egyptian government has agreed to supply the occupied Palestinian Gaza Strip with 5 megawatt of power starting next week in a bid to help solve the electricity crisis hitting hard the besieged coastal enclave. The Egyptian offer comes amid plummeting Read more
New power, water, and energy projects valued $180 billion are being carried out or planned in several Arab countries, according to energy experts. The UAE takes the lead with 20 projects worth $34.2 billion including a $20 bln nuclear power Read more
Qatar is planning to inject $25bn to enhance the performance of its domestic petrochemical industry over the next decade. According to Qatari energy minister Mohammed Al-Sada, the Gulf country is also looking forward to more than doubling its annual petrochemical Read more
Torresol Energy, a joint venture set up by Spain’s Sener and Abu Dhabi’s Masdar, has unveiled solar power projects worth $ 5 billion to be carried out in Spain, the United States and several Middle East countries. The joint venture Read more
Saudi Arabia has signed a cooperation agreement with China for the civilian use of nuclear energy. The agreement follows similar deals sealed with France, Argentina and South Korea. The Saudi kingdom, the World major oil producer and exporter, also held Read more
Saudi Arabia oil minister has affirmed that his country has the capacity to fill any loss of crude oil production that may occur from the new international sanctions banning all oil imports from Iran for its persistence to continue its Read more
The 5th World Future Energy Summit (WFES) opens on Monday in Abu Dhabi to discuss key global issues relating to energy policies, development strategies, commercial incentives and industry-related challenges and trends. The WFES 2012 brings together more than 60 ministers Read more
Jordan and Qatar planning to build a gas terminal in Aqaba to reduce the Hashemite kingdom dependence on gas imports from Egypt. These imports were lately disrupted by terrorist attacks targeting the pipeline carrying Egyptian gas to Jordan and Israel. Read more