Industry

Investment in the MENA energy sector tops US$525 billion

oil-production

Official estimates showed energy capital investments in the Middle East and North Africa (Mena) could total around US$525 billion during 2012-2016 according to a report by Arab Petroleum Investment Corporation (Apicorp).

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ADNOC changes supply level of Murban crude

ADNOC_Murban

Abu Dhabi National Oil Co (ADNOC), the main exporter for OPEC member, UAE, will supply Murban crude at five per cent below contracted volumes.

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Eni to make greater inroads in Iraq

Eni_Iraq

Iraqi Prime Minister Nuri al-Maliki and Eni CEO, Paolo Scaroni, accompanied by Eni E&P COO, Claudio Descalzi, met in Baghdad to discuss the development of Eni's work on Iraq's giant oil field Zubair, and potential for futher cooperation.

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SBC expands senior leadership team

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SBC, the management consultancy arm of Schlumberger, is pleased to announce the expansion of its senior leadership team with the appointment of six vice presidents.

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OPEC to add 21mn bpd oil capacity in next 5 years

OPEC_oil

OPEC countries plan to add a total of 21mn bpd of new oil capacity over the next five years, according to the organization's secretary-general Abdalla el-Badri.

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