Oil & Energy
October 31, 2014
The governments of Egypt, Greece and Cyprus urged Turkey on Wednesday to stop trying to chart gas deposits in areas of the east Mediterranean claimed by Cyprus, saying the work was illegal.
October 30, 2014
ENOC Lubricants Marketing highlighted the capabilities of ENOC Lubricants & Grease Manufacturing Plant in Fujairah to produce a wide range of lubricants products and solutions at the 11th Middle East Base Oils & Lubricants Conference held in Dubai.
October 29, 2014
There is no need to panic at the recent collapse in oil prices, the secretary general of OPEC said on Wednesday.
Emirates National Oil Company (ENOC) organised a breast cancer awareness day on the 29th of October in partnership with Pink Caravan.
October 28, 2014
US oil prices tumbled to a 28-month low below $80 per barrel on Monday after Goldman Sachs slashed its price forecasts.
Cylingas, a subsidiary of Emirates National Oil Company (ENOC), records 1.2 Million Safe Man Hours without Lost Time Incident, on various phases of ENOC Lubricants and Grease Manufacturing Plant (ELOMP) in Fujairah.
RAK Petroleum PCL, the UAE oil and gas investment company, today announced that it is proceeding with plans for an initial public offering and application for listing in Norway.
October 27, 2014
Iraq's oil exports from its southern terminals are holding close to a record high in October and Kurdish shipments are climbing,
Gulf states, which have based their budgets on an oil price of $80 a barrel or less, are likely to remain relatively sanguine about current oil market conditions.
October 26, 2014
The recent decline in global oil prices will prove temporary even if it lasts a year or so,the chief executive of Saudi Basic Industries Corp said on Sunday.
The dip in supply comes when some in OPEC have called on its biggest producer to cut back output to support oil prices.
October 23, 2014
Iran’s dependence on oil revenue is putting the Islamic Republic’s economy at the mercy of major powers,
October 22, 2014
Kuwait Energy and their main partner, the Egyptian General Petroleum Corporation,announces that the operated exploration well ASA-1 st3 on the Abu Sennan license, onshore Egypt discovered hydrocarbons in the Abu Roash” E” and Abu Roash “ C” formations.
Emirates General Petroleum Corporation "Emarat" have lowered diesel prices by 20 fils a liter across all their service stations effective from Wednesday, 22 October 2014.
October 21, 2014
The Kingdom’s oil shale reserves rank fifth worldwide in terms of quantity.