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Banagas, JGC in deal for $355m project

Japan’s JGC Corp has signed a $355 million deal with the Bahrain National Gas Company (Banagas) to build the expansion of a gas...

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In brief

BASF writes off $653mBERLIN: BASF announced a 600-million-euro ($653 million) charge for the fourth quarter citing low oil prices and warned of lower-...

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Iran expands its oil capabilities

Iran is planning several projects to expand its oil production and export capabilities, reports said, highlighting a new oil terminal to export one million barrels per...

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Iraq ready to reduce its output

Iraq is ready to take part in an extraordinary Opec meeting and even reduce its fast growing output if all Opec and non-Opec members agree – a deal which at this stage...

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Shell investors approve $50bn BG takeover

Royal Dutch Shell shareholders approved its $50 billion takeover of BG Group, clearing the last main hurdle to creating the...