Tag: Energy
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Investment in the Algerian energy sector attracts a Saudi company
The Algerian energy sector continues to attract foreign investments and the attention of regional and international companies, especially operating in the oil, gas, petrochemical and fuel sectors, with the aim of establishing joint investment projects, given the promising opportunities that this sector provides that predict huge investments that generate returns that energy companies are looking…
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Qatar Energy is interested in competing for new oil and gas licenses in Iraq
Qatar Energy Company has shown interest in entering the new round of oil and gas licenses launched by Iraq recently, which includes several blocks with promising reserves. Iraqi Oil Minister Hayan Abdul Ghani said that Qatar is interested in participating in the two rounds of oil and gas licensing in Iraq, according to the data…
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Shell faces accusations of helping Iran profit from the Iraqi energy sector
Read in this article The Iranian Mabna Company is the largest beneficiary of the Rumaila power station in Iraq The Rumaila power station is preparing to supply a project supported by Shell Mapna is evidence of Iranian penetration in the Iraqi energy sector The Shell joint venture has won wide acclaim for its important role…
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The results of the UAE energy business in the first quarter of 2023 recorded profits of $ 3.16 billion
The results of the UAE energy business in the first quarter of 2023 recorded a significant jump in profits and revenues, supported by the growth of the company’s activity. And the Abu Dhabi National Energy Company announced that achieving strong financial results, during the first quarter of this year for the period ending on March…
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OPEC Secretary General: We are ready to save the largest amount of energy while reducing emissions
OPEC Secretary General Haitham Al-Ghais called again to address the lack of investment in the oil sector, noting that there is no one-size-fits-all solution for a sustainable energy future. He explained that the general focus should be on reducing emissions and using all types of fuel; The world will need more energy in the coming…
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Energy Information Administration cuts oil price forecasts to below $80
The US Energy Information Administration cut its oil price forecasts for 2023 and 2024 by more than 7%, and cut its estimates for crude production in the United States. According to the Short-Term Energy Outlook report for May 2023, issued today, Tuesday, May 9, 2023, the average price of West Texas Intermediate crude oil is…
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The largest corruption case in the Algerian energy sector pushes Sonatrach to new rules
The largest corruption case in the Algerian energy sector prompted the Sonatrach group to define its plan to combat manifestations of corruption practices and bribery transactions, phenomena that toppled several officials in this sector, including ministers, general managers, and others, whose cases are still being discussed in the corridors of the courts. In order to…
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The latest oil discovery in Türkiye strongly supports the energy sector (article)
Read in this article • The recent oil discovery is important for Turkey because of its heavy dependence on energy imports for many years • Expectations that this discovery will reduce Türkiye’s dependence on energy and increase its domestic oil production • Türkiye will no longer depend on foreign energy sources and will become an…
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“Energy” re-publishes the oil price forecasts of 10 experts. The vision will be achieved after 4 months
In light of the worsening economic conditions, geopolitical events, and features of oil demand at the end of 2022, forecasting and analyzing oil prices for the year 2023 was a daunting task for analysts and experts. This is due to the difficult scene in the oil markets, as economic crises, recession fears, and challenges facing…
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Total Energy complains about the greed of contractors for the LNG project in Mozambique
Total Energy, the world’s leading oil and gas producer, is still seeking to resume the development work of the liquefied natural gas project in Mozambique, amid challenges surrounding costs, after lifting the force majeure status on the project. The French company said it was facing cost disputes with the contractors on the project. This complicated…