Oil & Energy
September 15, 2014
OCTAL, the world’s leading clear rigid food packaging material supplier, recently celebrated the accomplishments of its employees by hosting the company’s Employee Recognition Award Program 2014.
September 11, 2014
"The recent slowdown in demand growth is nothing short of remarkable," the International Energy Agency (IEA) said in a monthly report, cutting its oil demand growth projections for 2014 and 2015.
"Jordan is keen to diversify its sources of natural gas supply...We held several talks over the past few months with Cyprus and these are very fruitful and encouraging," said Hamed.
September 10, 2014
In the report, OPEC cut its 2014 global oil demand growth forecast for a third consecutive month and also reduced its assessment of the requirement for its members’ crude oil.
Kuwait Energy ("the Company") announces that the consortium comprised of Kuwait Energy (70% and operator) and Dragon Oil (30%) has made its first oil discovery at 'Block 9', Iraq.
September 8, 2014
OCTAL held its first ‘Annual Safety Week’ to raise awareness on safety in the workplace and encourage all employees to spread the message of safety across all levels of the organization.
September 7, 2014
Oman Oil Company S.A.O.C. (OOC), the Sultanate’s energy investment arm, has signed a Revolving Credit Facility (RCF) Agreement worth $1.85 billion with 16 local, regional and international banks.
Several oil companies in Iraq's Kurdistan region withdrew staff last month after Islamic State militants approached Erbil, the region's capital, threatening its vast oil infrastructure.
September 4, 2014
In August 2014 Jordan’s Energy Minister Mohammed Hamid complained that Egypt’s decision to halt its exports of natural gas to Jordan in April had exacerbated the country’s energy crisis.
September 3, 2014
Oman began importing Qatari gas in 2007, but its demand has risen rapidly since then, threatening its LNG exports and pushing Muscat back to the negotiating table with Tehran.
September 1, 2014
Oman Oil Company (OOC), the Sultanate’s energy investment arm, has partnered with Schleupen AG to provide sophisticated risk management services to its member companies.
August 31, 2014
The Algerian government announced a new five-year investment programme last week, and is aiming to spend $262 billion between 2015-2019 in an effort to diversify its economy.
Emirates National Oil Company has joined hands with governmental stakeholders to implement the UAE Federal Cabinet decision no. 37 of 2013, on making the use of the environment-friendly ‘Green Diesel’ mandatory across the UAE.
One of the UAE's biggest clean energy companies, Masdar, has developed Samoa's first wind farm on the island of Upolu.
Grant financing from UAE-Pacific Partnership Fund