Nakilat reported a 10.5% year-on-year increase in net profit to QR728mn in the first nine months of this year. The company’s positive financial performance can be primarily attributed to better operational performance…
Category: Energy
QP joins global energy resources transparency initiative in Mideast first
Qatar Petroleum (QP), the country’s hydrocarbon major, has officially joined the Extractive Industries Transparency Initiative (EITI). QP joined the EITI as a supporting entity, thus becoming the first national oil company in…
Nebras and Kepco in deal to boost joint energy investments
Nebras Power, a joint venture of Qatar Electricity and Water Company (60%) and Qatar Holding (40%), has entered into an agreement with Korea Electric Power Corporation (Kepco). Under this agreement, Nebras Power…
Mining industry seeks to polish tarnished reputation
The global mining industry is increasingly showing a commitment towards greater respect for human rights and the environment, but is accused of wanting to improve its reputation without seeking real progress. Wildcat…
US beats Saudi to become top oil exporter on shale boom
Want the lowdown on European markets? In your inbox before the open, every day. Sign up here. The U.S. briefly became the world’s No. 1 oil exporter as record shale production found its…
Shell enters Australian power industry with ERM Power bid
MELBOURNE (Reuters) – Royal Dutch Shell has made its first foray into Australia’s highly competitive power sector with a A$617 million ($419 million) takeover offer for ERM Power Ltd, the country’s no.2…
India set to increase energy imports from US: Minister
Bloomberg/New Delhi India will step up oil and gas imports from the US as the third-biggest oil consumer looks to diversify its supply sources and secure energy for its 1.3bn people. “When…
Sweden’s Biggest Cities Face Power Shortage After Fuel-Tax Hike
Sweden’s introduction on Thursday of a tax aimed at phasing out the nation’s last remaining coal and gas plants to curb global warming comes with an unintended consequence for some of its…
Edison unexpectedly pulls out of Royee license
An exploratory drilling in January at the Israeli offshore field, which has a 36% geological probability of containing 100 BCM in natural gas, has been cancelled. Edison E&P has unexpected quit the Royee…
Oil Industry Poised to Attack as Trump Boosts Ethanol in Fuels
Oil industry foes are preparing to go to court to fight the Environmental Protection Agency regulation issued Friday that allows year-round sales of higher-ethanol E15 gasoline nationwide. The agency’s final rule offers ethanol producers and corn…