DUBAI, June 23 (Reuters) – The United Arab Emirates’ would
like Royal Dutch Shell (RDSa.L: Quote, Profile, Research) to step in as its partner at the
$10 billion Shah gas project after U.S. major ConocoPhillips
(COP.N: Quote, Profile, Research) withdrew, industry sources in the UAE said on Wednesday.
Agreeing terms would be the biggest issue in coaxing Shell
into taking on the project to produce sour gas in the UAE, the
world’s third-largest oil exporter, sources said.
MUSCAT/DUBAI, June 20 (Reuters) – State-run Oman Oil Company
(OOC) is in talks with Oman’s Ministry of Oil and Gas to take on
an exploration block ceded by Britain’s BG Group (BG.L: Quote, Profile, Research), a
senior Omani oil official said on Sunday.
Like most of its Gulf neighbours, Oman is short of the gas
it needs to meet rapidly rising demand for industry and power.
Across the region, governments have embarked on exploiting
unconventional gas reserves, such as Oman’s tight gas.
DUBAI (Reuters) – Rumaila, the workhorse of Iraq’s oil industry and its largest producing oilfield, is buzzing with activity as executives, engineers and drillers begin a massive overhaul to nearly triple its million barrels per day output.
At the airport in Basra, capital of southern Iraq, officials struggle to process the unprecedented numbers arriving to join the country’s nascent oil boom.
DUBAI (Reuters) – The Kremlin’s oil arm aims to expand its presence in the Middle East, including Iraq, after signing up to a ground-breaking gas project with a United Arab Emirates energy firm, Russia’s top energy official said.
Rosneft will join Crescent Petroleum in a gas concession in the emirate of Sharjah, Crescent said on Saturday, in the first Middle Eastern foray for the Russian firm
DUBAI, June 5 (Reuters) – Russia’s Rosneft (ROSN.MM: Quote, Profile, Research) will
join the United Arab Emirate’s Crescent Petroleum in a gas
concession in the emirate of Sharjah, Crescent said on
Saturday, the first Middle East foray for the Kremlin’s oil
State-run Rosneft pumps over a fifth of Russia’s oil and is
the largest oil company in the world’s top crude producer.
Crescent is a privately-held energy firm based in Sharjah, in
the north of the UAE.
DUBAI (Reuters) – Russia’s top energy official said on Saturday he expects Russia to have stricter rules for offshore oil and gas drilling after BP’s oil spill.
“From our side, we will have stricter requirements for ecological safety,” Deputy Prime Minister Igor Sechin told reporters on a visit to the United Arab Emirates.
MUSCAT, May 26 (Reuters) – Oil major BP <BP.L> will start
early production from tight gas fields in Oman in August, a
senior Omani energy official said on Wednesday.
BP signed a concession in 2007 to develop the tight gas,
which is in complex formations that are difficult to exploit. It
aims to pump gas from appraisal wells to the Omani grid, which
is short of gas to meet the demands of power and industry.
DUBAI, May 19 (Reuters) – The UAE’s Crescent Petroleum has
teamed up with Russia’s state-run oil producer Rosneft <ROSN.MM>
to purse oil and gas deals in the Middle East and North Africa,
Crescent said in a statement on Wednesday.
Rosneft pumps over a fifth of Russia’s oil, and is the
country’s largest producer. Crescent is a privately-held energy
firm based in the emirate of Sharjah, in the northern UAE.
DOHA, May 10 (Reuters) – Swiss-registered firms involved in
Libya’s energy projects can be replaced with little disruption
to its upstream developments, Tripoli’s top oil official said on
Libya slapped a trade embargo on Switzerland in March as
tensions between the two escalated following the arrest of
leader Muammar Gaddafi’s son Hannibal in 2008 on charges –
later dropped — of mistreating two domestic staff.
DOHA (Reuters) – OPEC’s Secretary General said on Sunday global oil markets were oversupplied, but it was too early to talk about the producer group taking action to halt the sharp price fall sparked by the euro zone debt crisis.
U.S. crude oil futures settled at $75.11 a barrel on Friday, posting their largest weekly loss in almost a year and a half, on concern Europe’s problems could derail global economic recovery.