Business / Energy

IEA sees bear oil market 14 Nov 2015 - 12:55 am

Excess gas is burnt off at a pipeline at Zubair oilfield in Basra, Iraq. LONDON: The world is awash with oil having built...

Oil at 2-1/2-month low on OPEC surplus worry, U.S. inventories 13 Nov 2015 - 12:00 am

By Barani Krishnan NEW YORK: Crude prices hit 2-1/2 month lows on Thursday after the U.S. government reported a stockpile build four times...

BP to start Absheron Peninsula shallow water survey in first quarter 2016 10 Nov 2015 - 06:19 pm

BAKU: BP plans a seismic survey in the shallow water Absheron Peninsula in Azerbaijan in the first quarter of 2016, BP's regional director...

Oil bounces back but gains limited 09 Nov 2015 - 09:06 am

Singapore: Oil prices rebounded in Asia Monday but stayed below $45 a barrel as gains were limited by a strong dollar and data...

LNG’s share in gas market to grow 07 Nov 2015 - 12:25 am

By Sachin Kumar DOHA: The share of Liquefied Natural Gas (LNG) in the gas market is poised to grow according to International Gas...

Oil prices have bottomed out: Kuwait oil minister 04 Nov 2015 - 03:37 pm

Kuwait's Oil Minister Ali Al-Omair attends a ministerial conference in Riyadh on November 4, 2015. RIYADH: Kuwait's oil minister said on Wednesday he...

Oil holds above $50 on Brazil supply worries 04 Nov 2015 - 01:34 pm

By Dmitry Zhdannikov LONDONL Oil prices held above $50 a barrel on Wednesday following a 3 percent jump a day earlier on the...

Saudi Arabia's non-oil private sector output slows down 04 Nov 2015 - 09:39 am

Riyadh: Growth of Saudi Arabia's non-oil private sector eased at the start of Q4, with output, new orders and employment rising at weaker...

Nigeria LNG exports reach $85 billion in 15 years: official 20 Jun 2015 - 06:08 pm

Lagos - Nigeria Liquefied Natural Gas Company Limited (NLNG), a joint venture between the government and foreign oil majors, has generated some 85...

Putin, Erdogan discuss energy cooperation 13 Jun 2015 - 06:30 pm

BAKU: Russian President Vladimir Putin on Saturday met Turkish counterpart Recep Tayyip Erdogan in the Azeri capital of Baku for closed-door talks that...

LNG will play a major role in a sustainable energy future: Qatargas 06 Jun 2015 - 05:59 pm

Sheikh Khalid bin Khalifa Al Thani, CEO, Qatargas. DOHA: Liquefied Natural Gas (LNG) will play a major role in achieving sustainable sources of...

QU, Qatar Shell, Imperial College London sign agreement on pipeline corrosion research 03 Jun 2015 - 05:11 pm

DOHA: Qatar University (QU), Qatar Shell Research and Technology Centre (QSRTC), and Imperial College London yesterday signed a research and development agreement on...

Japan nuclear regulator clears first reactors after safety checks 27 May 2015 - 02:11 pm

An employee of Kyushu Electric Power Co walks in front of reactor buildings at the company's Sendai nuclear power plant in Satsumasendai, Kagoshima...

Oil market slips. 23 Apr 2015 - 08:12 pm

London - Global oil prices retreated Thursday but analysts said losses were limited as dealers focused on positive signs in a US supply...

Oil diverges on US energy report 22 Apr 2015 - 08:30 pm

London - Global oil prices diverged on Wednesday as traders digested the latest weekly crude inventories report from top consumer the United States....

Oil prices mixed after China stimulus move. 20 Apr 2015 - 08:51 pm

London - Oil prices diverged Monday as the market assessed fresh stimulus action by China against a background of a US crude supply...

Zimbabwe power utility in $5bn expansion drive 17 Apr 2015 - 03:10 pm

Harare - Zimbabwe's power utility has budgeted $5 billion (4.6 billion euros) for projects to scale up electricity generation, as the country battles...

Turkmen leader orders government to diversify energy-dependent economy 04 Apr 2015 - 05:05 pm

Ashgabat, Turkmenistan - The president of energy-rich Turkmenistan said in comments broadcast Saturday that his energy dependent country has been hit hard by...