2005
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Aramco to increase oil wells
Saudi Aramco has announced a plan to double the number of oil drilling rigs in the Kingdom next... Read full article »
AD repairs hit Jan oil output
Abu Dhabi National Oil Company is to cut Murban crude exports by 10% from contracted volumes in... Read full article »
Topaz offloads Mezon
Japan's Sumitomo Corporation has acquired an 80% stake worth $10m in Dubai-based Mezon Stainless... Read full article »
Energy consumption to grow 60%
Global energy consumption will grow 60% over the next 25 years, according to a forecast by... Read full article »
Aramco plans on track
Saudi Aramco says it is expecting a 61% increase in the number of development wells during 2006,... Read full article »
Alstom $510m Sohar deal
Alstom has won a $510.6m contract from Sohar Aluminium for the turnkey construction of a 1000 MW... Read full article »
Strong oil demand expected
World oil demand will grow at an average 1.8m to 2m bpd through 2010 despite record high oil... Read full article »
Kuwait sets oil debate
Kuwait's parliament will hold a special session on January 23 to discuss an $8.5bn plan to boost... Read full article »
Shell, Mistubishi CO2 recovery
Shell and Mitsubishi Heavy Industries have agreed to cooperate in the CO2 capture and recovery... Read full article »
Iran to examine oil deals
Iran's new oil minister says foreign oil firms are still welcome in the country, but the world's... Read full article »
Al Nasser, AD transformer plant
Al Nasser Industries Enterprises has signed an agreement with UK-based Brush Transformers to... Read full article »
Opec maintains crude levels
Opec has agreed to keep crude oil supplies at their current level of close to 30m bpd for the... Read full article »
Kuwait mulls US refinery venture
Louisiana is one of three US states interested in forming a joint venture oil refinery with... Read full article »
UAE, $3bn Fujairah refinery plan
UAE Minister of Energy Mohammed bin Dha'en Al Hamili told Bloomberg that a study for a $3bn... Read full article »
Opec set to keep output stable
Saudi Arabian Oil Minister Ali Al Naimi yesterday said that there was probably no need to do... Read full article »
