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Opec faces three choices: stay, cut or hike output

May 21, 2017

The Organisation of Petroleum Exporting Countries (Opec) faces three distinct choices: stay cut or hike output at the highly anticipated meeting in Vienna on May 25 said Bank of America Merrill Lynch ... View more

Dodsal faces KOC action over oil project delay

February 15, 2017

State-owned Kuwait Oil Company (KOC) plans to slap a KD25 million ( 82 million) fine on UAE-based Dodsal Group over its failure to complete a key oil project on time said a report. KOC will decide on ... View more

Dodsal faces KOC action over oil project delay

February 15, 2017

State-owned Kuwait Oil Company (KOC) plans to slap a KD25 million ( 82 million) fine on UAE-based Dodsal Group over its failure to complete a key oil project on time said a report. KOC will decide on ... View more

Dodsal faces KOC action over oil project delay

February 15, 2017

State-owned Kuwait Oil Company (KOC) plans to slap a KD25 million ( 82 million) fine on UAE-based Dodsal Group over its failure to complete a key oil project on time said a report. KOC will decide on ... View more

China refinery faces delay

October 17, 2016

A newly built Chinese refinery near its border with Myanmar is facing a delayed start-up after state firm PetroChina balked at paying an extra tax for piping crude oil through the Southeast Asian nati... View more

Japan merger faces hurdles

July 11, 2016

The battle for hegemony in the Middle East between Saudi Arabia and Iran threatens to upend a 4 billion merger in Japan. The family of the late founder of Idemitsu Kosan Co is opposing a planned merge... View more

N Sea oil sector faces years of turmoil

July 4, 2016

The UK s North Sea oil and gas industry already reeling from low prices high costs and collapsing investment now faces several years of turmoil as the nation s decision to quit the European Union look... View more

Petronas faces delays

March 28, 2016

A major liquefied natural gas export project in Canada ran into another delay when the federal environmental assessment agency was granted an extra three months to finish an impact study. Ottawa did t... View more

Marcellus shale field faces output drop

June 8, 2015

Natural gas production in the Marcellus shale which has grown over the past decade from next to nothing to the source of about a fifth of US output may decline for the first time if prices in the basi... View more

Oil States ‘man-camp’ spinoff faces uncertain growth

June 2, 2014

AS OIL States International prepares to spin off its oilfield housing unit the new company s uncertain growth prospects cast doubt on whether the energy industry s trend toward such corporate breakups... View more

Gas dominance faces challenge

May 21, 2014

QATAR faces diminished market share and the possibility of lower prices just as the country embarks on 200 billion of infrastructure spending before hosting the 2022 soccer World Cup. Gross domestic p... View more

Big Oil faces no-win on huge cost inflation

March 13, 2014

Total chief executive Christophe de Margerie speaking at the CeraWeek conference said large drillers could no longer be the deep pocket they have been in the past. Chevron s John Watson conceded that ... View more

Chevron faces delays in $1bn oil block sale

January 19, 2014

Chevron faces delays in closing sales of oil blocks in Nigeria worth up to 1 billion because of legal disputes involving potential buyers industry sources say highlighting a risk other oil majors coul... View more

BP faces toxic exposure trial

September 12, 2013

BP faces the first of almost 48 000 toxic exposure claims from neighbours of a Texas refinery who say they will give the billions of dollars in punitive damages they are seeking to charity if they win... View more

As WTI and Brent unite, Gulf of Mexico faces squeeze, not glut

August 15, 2013

EVEN after a surprisingly vigorous surge in US crude oil prices finally eliminated a three-year discount versus global benchmark Brent some cash markets are sending a curious signal: refiners are read... View more

Late to oil-by-rail, Canada faces risks trying to catch up

July 21, 2013

FOR the last three years Canada has lagged the US in using its rail system to haul crude oil hindered by a lack of loading terminals and a shortage of specially built rail cars that reheat viscous oil... View more

Empty Quarter gas faces price hurdle

September 20, 2012

SAUDI ARABIA will not be able to develop the known gas resources in the Rub Al Khali (Empty Quarter) desert until the government raises the domestic gas price according to Saudi Aramco CEO and preside... View more

PetroChina faces losses

October 30, 2011

PetroChina China s second-biggest refiner said its refining losses may hit 7.8 billion this year if fuel prices stay at their current level for the rest of 2011 and it will also be burdened by higher ... View more

New Qatar oil minister faces important challenges

May 30, 2011

FORMER Qatari Minister of Energy Abdullah Al Attiyah was a giant in the country s oil and gas sector for two decades while his replacement is relatively unknown outside the country and has a far lower... View more

Tepco ‘faces $25bn liabilities’

May 9, 2011

Tokyo Electric Power (Tepco) may be asked to shoulder half of an estimated 49 billion in total compensation for damages stemming from its crippled nuclear power plant with other power firms to bear th... View more

California’s ambitious plan for carbon market faces risk

May 9, 2011

CALIFORNIA is putting its reputation as a pioneering environmental heavyweight on the line as it prepares to launch a carbon market in eight months time. State regulators are battling the clock the co... View more

Petrobras faces $9.8bn back taxes

May 9, 2011

Brazil s state-run oil company Petrobras could be forced to pay 15.5 billion reais ( 9.8 billion) in back taxes to the Brazilian government the Folha de S Paulo newspaper reported. Petrobras issued a ... View more

Downstream faces fresh challenges

September 20, 2010

SAUDI Aramco is conducting a thorough review of pending downstream projects worth tens of billions of dollars and is expected to present a slimmed down refining and petrochemical programme in the comi... View more

PDVSA faces mounting bill post nationalisation

July 12, 2010

Progress in arbitration cases and new filings are putting more pressure on Venezuela s cash-strapped state oil company PDVSA which faces having to compensate various firms for assets that were nationa... View more

Downstream sector faces fresh issues

June 27, 2010

AT THE beginning of the year it looked like 2010 was set to be good year for producers bankers and contractors in the Gulf s downstream oil and gas sectors with a raft of construction tenders project ... View more

Saudi Arabia faces shortage of gas

March 29, 2009

CUTS in Saudi Arabia s crude oil output to comply with its Opec target have reached a level where gas supply is close to falling below demand and while the situation is manageable in the near term the... View more

New faces at Corinthia

December 31, 2008

Mounir Sami (left) previously general manager of the Corinthia Bab Africa Hotel in Tripoli Libya has been appointed general manager of the Corinthia Hotel St George s Bay Malta and joins the hotel fol... View more

New faces in Cairo hotel

December 31, 2008

InterContinental Cairo CityStars recently announced the appointment of Michael Ibrahim (right) as director of Food & Beverage. Ibrahim brings with him experience in various management roles including ... View more

Aramco-Dow’s Ras Tanura petchem plant faces delays

September 28, 2008

Saudi Aramco and US firm Dow Chemicals giant Ras Tanura petrochemical faces delays as the sheer size of the project complicates design the Middle East Economic Survey (Mees) reported. Dow s investment... View more

Sinopec faces challenge from high crude prices

November 4, 2007

Asia s top refiner Sinopec looks closer to getting another state subsidy after high oil prices in the third quarter all but wiped out this year s refining profits. Sinopec which is controlled by China... View more

New faces but Opec likely to stay on course

August 19, 2007

Less than a month before Opec meets to set oil output for peak winter demand countries accounting for almost a third of production are either without an energy minister or getting used to a new one. O... View more

$2.6 billion refinery deal faces threat after blaze

October 22, 2006

Lithuania s prime minister is concerned Polish group PKN Orlen may abandon its 2.6 billion deal to buy Baltic refiner Mazeikiu Nafta after a fire destroyed key equipment and hit output he said. Shortl... View more

Shell faces snags in Argentina fuel sales

October 9, 2006

Royal Dutch Shell suspended the sale of new diesel fuel in Argentina after the government published a retroactive decree forcing energy companies to obtain permission before launching new products. Sh... View more

Petrolimex faces higher diesel bill

May 29, 2006

Vietnam s Petrolimex will discuss term diesel prices with Kuwait Petroleum Corp (KPC) in end June for second-half supplies and levels are expected to be firmer amid a tight market an industry source s... View more

Thailand faces reality

June 12, 2005

Thailand s voluntary energy saving campaign shows it is finally coming to terms with hard economic realities but tougher measures will almost certainly be needed analysts said. Prime Minister Thaksin ... View more

Woodside profit set as Santos faces setback

August 21, 2004

Record oil prices will help offset declining output and buoy first-half profit at Australia s Woodside Petroleum Ltd but will barely soften the blow for rival oil and gas producer Santos Ltd whose ear... View more

Rabigh refinery faces $4.1bn upgrade

May 31, 2004

Saudi Aramco is launching an investment initiative expected to attract 15 billion riyals (4.1 billion dollars) to turn the Rabigh refinery on the Red Sea into a petrochemical center the official news ... View more

Oil contract compliance faces watchful eye of PRSi

January 11, 2004

Petroleum Revenue Services Inc. (PRSi) is a contract compliance firm specialising in the oil and gas industry. Evaluations of operations and the performance of joint venture reviews include contracts ... View more

PetroChina faces higher costs after gas blow-out

January 5, 2004

Pressure on China to tighten safety and environmental standards after a gas blow-out killed more than 200 people could mean higher costs for top oil and gas producer PetroChina Ltd and its peers analy... View more

ATCO Group faces expansion

September 22, 2003

The mission of ATCO Group is and always has been to serve the needs of its clients by providing the best quality products and services maintaining a steady and challenging business growth with a compe... View more

Refinery run cut as unit faces revamp

September 10, 2001

Kuwait s 265 000 barrels per day (bpd) Mina Abdullah refinery is temporarily running at less than half speed after a crude unit was shut down for scheduled maintenance a refinery official said. We hav... View more

The key faces at Taj Palace

September 8, 2001

The newly opened Taj Palace Hotel in Dubai has introduced a number of its senior staff. They are: Nicki Page director of sales and marketing - Page was educated in the UK and has a degree in psycholog... View more

China faces grim year as units warn of lower profit

August 5, 2001

Two petrochemical units of China s number two oil firm Sinopec have issued interim profit warnings and analysts predicted a grim full year for a sector grappling with global oversupply and sliding pri... View more

Australia faces long-term slide

July 31, 2001

Australian oil production is teetering on the edge of a long-term slide with exploration companies reluctant to take the plunge and test high-risk deep waters that may hold vast reserves. Australia pu... View more

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