The Egyptian Ministry of Petroleum unveils new incentives to boost oil and gas production and exploration
hydrocarbon
Latest in hydrocarbon
Dana Gas
Dana Gas Q1 profit dips on lower hydrocarbon prices
Net profit down 24% to $38 million compared to $50 million last year; Revenue at $97 million
crude oil output
UAE records 8.2 percent growth in GDP led by higher oil production
An average production of 2.95 million oil barrels per day were produced with a significant growth in the real non-oil gdp as well, the regulator says
Energy
Mumbai’s Larsen & Toubro wins hydrocarbon contracts in Middle East
L&T said that its modification, revamp and upgrade (MRU) business had won a contract from “a key hydrocarbon sector customer in the Middle East”
Energy Development Oman
Oman starts new energy company as it seeks to leverage oil block
New government-owned Omani energy company is established as it seeks to use its largest oil block to raise debt
Energy Development Oman
Oman starts new energy company as it seeks to leverage oil block
Company will “undertake hydrocarbon exploration and production operations” and can borrow money “in any manner,” according to government gazette
Crown Prince Mohammed bin Salman
Saudi Arabia to form hydrocarbons committee
The kingdom’s energy, economy, trade and finance ministers will be a part of the committee, headed by Crown Prince Mohammed bin Salman
