Industry

Q3 roundup for RAK Petroleum and Taqa

RAK_1Taqa and Rak Petroleum have announced record net profits for the third-quarter.

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Dana Gas Q3 net profit jumps significantly

Dana_Gas_1Dana Gas posted strong third-quarter results which saw net profit jump fourfold due to a 20 per cent increase in total production and higher oil prices.

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DNO to expand presence in MENA region

DNO_MENA_1DNO International announced its third-quarter operating profit of US$3.06mn - from a US$21.8mn loss a year ago - and stated it would be expanding its operations in the region.

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ConocoPhillips names new downstream company

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ConocoPhillips unveiled the company name of the pending spinoff of its downstream oil and petrochemicals business, which will now be known as Phillips 66 and will be headquartered in Houston.

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Future oil price dependant on oil output from MENA: IEA

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The International Energy Agency (IEA) in its latest World Energy Outlook (WEO) warned that consumers could face a near-term rise in the oil price to US$150/barrel if MENA investment and output drops.

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