Energy MENA Edition
Latest News
Hundreds of Algerians protest against proposed energy law
The new law is aimed at attracting foreign investors to help Algeria strengthen its energy output
Solar powered cars set off for Australia's outback race
The 3,000 kilometre (1,864 mile) Bridgestone World Solar Challenge is one of the most prestigious solar car races.
Sempra nears $3bln Chile sale to China's State Grid - sources
Sempra’s deal with State Grid Corporation of China could be announced as early as next week, the sources said
Iran reports new natural gas field with 19 tcf reserve in Fars province
Iran's natural gas reserve is the world’s second largest but it has not yet become a major exporter
Jordan's NEPCO bags four Asian Power Awards
Best solar power project award for its Green Corridor project to transfer power generated in the southern Kingdom to the grid and the southern area.
Dubai Refreshment wins top green industry award
The award recognizes Dubai Refreshment’s continuous efforts and commitment to operational excellence and environmental sustainability
Nigeria seeks $62bln from oil companies -attorney general
A law dating back to the 1990s that governs oil production sharing contracts allows the government to review revenue sharing once the oil price rises above $20 per barrel.
Total, Qatar Petroleum, Petronas pay nearly $1bln for Brazil offshore block
Total, which has a 40% stake in the consortium, will be the operator.
Eni won't drill wells off Cyprus if warships sent in - CEO
Eni is not concerned about escalating tensions between Cyprus and Turkey over the question of offshore drilling and would seek to stay clear of any conflict
Saudi Aramco IPO prospectus to be filed this month - report
A decision on whether to go ahead would likely be made after the book-building, the report said
Insights
BP's new boss has a tougher gig than forerunner
Dudley’s achievement was to steer BP through the disastrous 2010 Gulf of Mexico oil spill and largely restore its returns and output
Supply surge and easing China growth kill LNG's seasonal swings: Russell
Seasonal swings in prices may well be a thing of the past as new supply and a steadier China demand profile dampen volatility.
U.S. shale oil boom ends as lower prices take toll: Kemp
Domestic crude production fell 276,000 barrels per day to 11.806 million bpd in July, according to data published by the U.S. Energy Information Administration