Fall in 2012 oil demand due to weaker economy: IEA

IEA_2012The International Energy Agency (IEA), in its latest monthly, report cut its estimates for world oil demand growth this year.

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Iraq inaugurates offshore oil export terminal

Iraq__terminalIraq inaugurated a new offshore oil export terminal in the Gulf in a move to ease infrastructure constraints and to bring sorely needed cash for reconstruction after decades of war and international sanctions.

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Aggreko discusses expansion in the region

Aggreko_expansionAt a recent media briefing, Mr Phil Burns, Managing Director, Aggreko Middle East, talked about the company's involvement in the hydrocarbon market and it expansion in the region.

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Arab oil wealth surges

Arab_2011A massive revision of Iraq's oil wealth boosted the overall Arab recoverable crude deposits by nearly 29 billion barrels at the start of 2011 but the region's proven gas resources remain almost unchanged.

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BG Group making good progress

BG_GroupBG Group provided an update on its strategy in the gas and LNG market which will help the company achieve its goals.

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