Thanks to social media women all over the Middle East are finding ways to help one another start businesses. It's a movement that is about more than economics.» Read More
Aug 1- Canada's Conservative government said on Thursday that plans by TransCanada Corp to build an oil pipeline from Western Canada to the east coast could mean cheaper prices for refineries and less reliance on foreign suppliers.
MILAN, July 30- Saipem appointed a corporate law veteran to its board on Tuesday as the Italian oil service group seeks to draw a line under profit warnings and a corruption probe that have wiped out half its market worth.
MILAN, July 30- Italian oil service group Saipem, which has already issued two profit warnings this year, said on Tuesday that no further surprises were on the horizon, sending its shares sharply higher. Saipem, 43 percent owned by Italian oil and gas group Eni, said in a statement it expected its net loss for the year to be in the region of 300- 350 million euros.
*BP, Statoil say need more assurances on security. LONDON/ ALGIERS, July 17- Six months on from a deadly attack at a gas plant in Algeria, oil majors BP and Statoil have yet to send their workers back amid disagreements over security with the government of the North African OPEC producer.
LONDON, July 16- Sooner or later OPEC members will have to reduce output to reflect their reduced share of the global oil market. The only real questions are how much of the burden of cutting production will fall on Saudi Arabia and whether they will be implemented through the framework of OPEC or unilaterally.
*PTT cuts investment budget to 54.6 bln baht from 100.6 bln. BANGKOK, July 11- Thailand's top oil and gas firm, PTT Pcl, has slashed its 2013 investment budget by 46 percent to 54.6 billion baht, joining other Thai companies in scaling back spending in response to lower-than-expected global economic growth.
*Algeria hopes to get technology transfer, create jobs. ALGIERS, July 10- Political and social pressures are combining to open Algeria's construction market to international competition, potentially making billion of dollars worth of contracts available to foreign companies.
CAIRO/ DUBAI, July 10- Twelve billion dollars in aid from Egypt's wealthy Gulf allies have bought Cairo a window of several months to try and stabilise its politics and repair its state finances- or face fresh economic turmoil.
*United States to drive expansion in non- OPEC output. *Sees 250,000 bpd decline in 2014 demand for OPEC crude. "This would imply a further build in global crude inventories, which currently stand at high levels," OPEC said in reference to the market outlook for next year.
*Many drawing parallels between Egypt and Algeria. CAIRO, July 5- Some 200,000 people died in a decade of civil war in Algeria after uniformed officers rejected a popular vote for Islamists, an example some in Cairo darkly cite after the army ousted Egypt's Muslim Brotherhood president on Wednesday.
*Army takeover to have profound impact beyond Egypt. BEIRUT, July 4- "Where Egypt goes, the region follows" is an adage often quoted by academics teaching the arcane politics of the Middle East.
NEW YORK, July 3- Oil prices ended higher for a third consecutive day on Wednesday, with the New York contract settling at a 14- month high, as traders fretted about unrest in Egypt and reacted to rapidly tightening supplies in the U.S. domestic market.
MOSCOW, July 1- President Vladimir Putin defended the long-term supply deals under which Russia exports its gas on Monday, and warned that abandoning them would undermine global energy security.
MOSCOW/ DUBAI, June 30- Russia is hoping to rally a loose grouping of gas producers at a meeting on Monday to support a price link to more expensive oil and keep gas prices high in the face of a boom in U.S. shale gas production.
LONDON, June 25- Oil's fall below the $100 a barrel favoured by OPEC exposes the deepening divide between countries in the group better able to cope with a lower price and those most hurt by it, making collective action to halt any further price slide harder.
MOSCOW, June 25- Russia said on Tuesday it would not accept any blame over former U.S. spy agency contractor Edward Snowden's efforts to evade prosecution in the United States, and rejected accusations by Washington as "groundless and unacceptable".
*Four hostages seized in Niger held for over 1,000 days. DAKAR, June 22- Eight European hostages, including five from France, being held by al Qaeda in the Islamic Maghreb are safe, the Islamist group said in a statement posted on its Twitter account on Saturday.
June 19- Algeria is investigating the head of its state power and gas utility, Sonelgaz, over contracts involving U.S. conglomerate General Electric Co and France's Alstom SA, sources told Reuters and Algerian local media reported. "The case is about inflating costs in deals with U.S. firm General Electric and French firm Alstom," one of the sources said.
*Saipem at centre of Algeria corruption probe. MILAN, June 17- A second profit warning in less than 5 months wiped over a quarter from the share price of Italy's Saipem on Monday, leaving Europe's biggest oil industry group worth half what it was at the start of the year.
*Saipem at centre of Algeria corruption probe. MILAN, June 17- Saipem's share price fell by as much as 25 percent on Monday, after Europe's biggest oil industry services group gave its second major profit warning in less than six months due to problems with contracts in Algeria, Mexico and Canada.