High crude prices will boost job market


High crude prices will continue to fuel the expansion of GCC economies, boosting the number of jobs for nationals and foreigners, the region's private sector has said.

Hits: 4913

Read more ...

Apicorp’s ambitious reinvestment plans


The Arab petroleum Investments Corporation (Apicorp), a multilateral development bank owned by the 10-member states of the Organization of Arab Petroleum Exporting Countries (OAPEC) has said it is in discussions to exit key investments and reinvest the proceeds in new oil and gas projects across the MENA region.

Hits: 4158

Read more ...

Taqa snaps up Total's stake in two oilfields


The Abu Dhabi National Energy Company (Taqa), a publicly listed company on the Abu Dhabi Securities Exchange, has acquired Total's entire equity stake of 81 per cent in production licences for two blocks in the Otter Field Development Area.

Otter lies adjacent to Taqa Bratani's existing North Sea interests, purchased in 2008, and is a sub-sea tieback to the Taqa Bratani operated Eider Platform. Average daily production from the Otter Field is approximately 8,000 bpd.

"This transaction again underscores our long-term commitment to the North Sea," said Abdulla Saif Al-Nuaimi, Chief Executive Officer and Managing Director of Taqa.

"Since entering the North Sea, Taqa has gained first hand operational expertise of operating mature fields in the area and we are confident of the opportunity to optimise the asset efficiently. We have a world-class team in place and, with the addition of this adjacent property, we have a clear opportunity to further develop the blocks."

Hits: 4674

Oil prices lead to surge in Mena funding


Strong oil prices have boosted the projected energy investment in the Mena region by nearly US$65bn to around US$615bn over the next five years, according to an official study.

Hits: 3955

Read more ...

Honeywell expands Iraqi operations


Technology and Manufacturing firm Honeywell has announced the opening of a full-service office in Baghdad. Other offices are being planned for southern and northern Iraq.

Hits: 4240

Read more ...

Alain Charles Publishing, University House, 11-13 Lower Grosvenor Place, London, SW1W 0EX, UK
T: +44 20 7834 7676, F: +44 20 7973 0076, W:

twn Are you sure that you want to switch to desktop version?