Demand for oil to fall in 2012 : OPEC

OPEC__2012The Organization of Petroleum Exporting Countries (OPEC) in its monthly report has revised downwards its forecast for world oil demand in 2012 saying it would now reach 88.87mn bpd, down from its previous forecast of 89.01 million bpd.

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Suncor Energy stops Syria operations


Suncor Energy plans to withdraw its workers from Syria and cancel supply contracts in the wake of European Union (EU) sanctions on the country.

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Evolution of the oil and gas sector in the Middle East: Deloitte

oil-fieldDeloitte launched  its third annual Oil & Gas reality check report at the World Petroleum Congress (WPC) in Doha, Qatar.

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Shell looking to expand its strategic partnership in Qatar

Peter_VoserPeter Voser, CEO of Shell, in a speech at the World Petroleum Congress stressed his desire to continue Shell's strategic partnership with Qatar and discussed the challenges facing the energy industry which is changing the nature of industry partnerships.

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Repsol, Total provide update on Libyian production

Repso_Total_LibyaOil giants Total and Repsol provided updates on their resumed production in Libya after both companies slashed their output as a result of the civil war in the North African state.

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