PERTH:
Just a few years after it started, Australia’s liquefied natural gas bonanza may be drawing to a close, throttled by swelling costs, tightening credit and mounting foreign competition to supply Asian buyers.  

Adnoc’s refining operations have undergone major expansion to keep pace with the growing demand of UAE in terms of oil distribution. About $60 billion is planned to be invested in the UAE in a number of projects, which will see refining capacity increase by about 50 per cent

While KOG will explore the opportunities and challenges of Kuwait oil and gas in a global context, focusing on sharing knowledge and best practices, the exhibition will provide a platform for firms to showcase technologies, products and services

Using the 20-metre Offshore Access System (OAS), mounted on the Bourbon Gulf Star vessel, the Qatar Shell operations, project and maintenance personnel have been able to access the platform 24 hours a day

The impact on the cost depends on whether the company is seeking equity or debt and whether it is a small or a large, credit-worthy company. At the more speculative end of the market, such as for smaller exploration companies, it is definitely tougher

Being a part of Emerson Process Management, Roxar’s corrosion and erosion monitoring solutions can be an integrated part of a complete monitoring and measurement solution, for example, including sand or flow measurements

Growth within the global cable market decelerated significantly last year, due to economic turbulences; however, strong recovery in the coming years, coupled with favourable prognoses tend to reduce the competition threat and increase the likelihood of new players

NEW YORK:
Halliburton warned that its response to a deep slump in US natural gas prices would cause near-term disruptions that will pinch first-quarter earnings, sending its shares down 3 per cent.

WASHINGTON:
A boom in shale oil production will raise US domestic crude output by a fifth over the next decade, helping to slash the country’s dependence on foreign oil imports, the US Energy Information Administration said.

LONDON:
Ali Al Naimi, oil minister for the world’s top oil exporter, hopes to stabilise oil prices at “around $100” for an average of crudes worldwide