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


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


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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Kuwait Energy Q3 2011 results looking up

Kuwait_Energy_Q3_2011Kuwait Energy Company announced its Q3 2011 results with revenues of US$47.9mn, up 33.8 per cent from Q3 2010 and up three per cent from Q2 2011.

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