2007
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UAE desludgers face threat
UAE based firms that clear out the oily sludge from the holds of oil tankers are facing a major... Read full article »
Essar eyes Iran refinery
The National Iranian Oil Refining and Distribution Company is in talks with India's Essar Group... Read full article »
Militants seize oil ransom
An attempt to free kidnapped oil workers in Nigeria has failed, with a Nigerian militant group... Read full article »
BP wins ORC petrol supply
BP has won a deal to supply petrol to Oman Refining Company during a shutdown of its 85,000 bpd... Read full article »
$5.33bn Saudi water bank plan
Saudi government officials will study a plan to set up a $5.33bn water bank that would meet the... Read full article »
Iran predicts $52bn in oil exports
Iran's crude oil export revenues will reach $52bn by the end of the current Iranian year, which... Read full article »
Opec confident on cuts
Opec members should not have to convene again before the scheduled March 2007 meet because... Read full article »
Iran turns off gas to Turkey
Iran has cut off gas supplies to Turkey after cold weather left it short of reserves at home, AFP... Read full article »
Oil goes below $59
Oil prices plunged more than $2 a barrel to below $59 on Wednesday, Reuters reports. Unseasonably... Read full article »
L&T, $94m Abu Dhabi deal
India's Larsen & Toubro has won a contract worth $94.33m to build six electrical substations in... Read full article »
Oil rises as funds buy
Oil futures rose to around $61.50 a barrel on speculation of hedge fund buying at the start of... Read full article »
Iran, Nigeria joint oil venture
Iranian Offshore Engineering and Construction Company plans to establish a joint oil venture with... Read full article »
Oil could go lower in 2007
Increased global crude production could push oil prices lower in 2007 from current levels of... Read full article »
