Oil & Energy

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“There is one major resource base in the world which could meet the growth in the global oil demand, which is the Middle East,” he said.
July 27, 2014 - 18:24 GMT
While euphoria over the ongoing shale revolution and the energy independence of the Americas continue, yet, there are people - cautioning and asserting - the phenomenon is short-lived and the world would continue to be dependent on the Middle East.

July 10, 2014

The price spread between the two benchmarks touched the narrowest point in almost a month at $5.20 on Wednesday, driven by speculators dumping Brent.
03:40 GMT

Brent crude oil traded at a one-month low below $109 a barrel on Wednesday after a Libyan oilfield restarted and supply worries faded

July 9, 2014

During the event
09:46 GMT
(press release)

In line with the company’s social responsibility programmes, Oman Oil Company (OOC) announced hosting a book sharing campaign for its employees and the public at its headquarters in Muscat.

July 8, 2014

EMGAS launches Safe Cylinder Safe Family campaign
05:25 GMT
(press release)

Emirates Gas LLC (EMGAS), a wholly-owned subsidiary of Emirates National Oil Company (ENOC), has launched its ‘Safe Cylinder, Safe Family’ campaign along with ENOC and Emirates Petroleum Products Company.

The search for gas has been a priority for Saudi Arabia as it struggles to keep pace with rapidly rising domestic demand.
00:44 GMT

Royal Dutch Shell is ending investments in a gas development project in Saudi Arabia, complicating the top oil exporter’s efforts to exploit its huge gas reserves.

July 7, 2014

During the event
11:51 GMT
(press release)

HE Saeed Mohammed Al Tayer, MD & CEO of DEWA, received a delegation from Commercial Bank of Dubai (CBD) including Peter Baltussen, CEO, and Yaqoob Yousuf Hassan, Deputy CEO.

Yemen's income from oil exports tumbled by over 64 per cent to $73.4 million in May from a year ago,
04:55 GMT

Sanaa's finances have deteriorated as it has been caught in a nationwide fight against al Qaeda militants and other rebel groups.

Disruptions linked to engineering or geopolitics have plagued global oil producers in recent years.
02:01 GMT

The US has overtaken Russia and Saudi Arabia to become the largest producer of crude and natural gas liquids (NGLs) in the past six months.

July 6, 2014

Samsung Gear 2 app for smart watches
07:37 GMT
(press release)

Dubai Electricity and Water Authority (DEWA) has launched its application for Samsung Galaxy Gear 2 smart watches.

July 4, 2014

Taking back the two major eastern oil terminals could make around 500,000 more barrels per day (bpd) of crude available for export
01:59 GMT

Thinni said the ports had been reclaimed after an agreement with Ibrahim Jathran, whose fighters had seized the terminals almost a year ago to demand more regional autonomy.

July 2, 2014

ENOC's Ramadan Activities 2014
10:18 GMT
(press release)

Underlining its commitment to the community, Emirates National Oil Company (ENOC) is rolling out a series of charitable initiatives that make a positive difference to the lives of people during the Holy Month of Ramadan.

General Manager and some staff in the emergency assembly point
08:12 GMT

The Department of Health, Safety and Environment at Emirates General Petroleum Corporation “Emarat” has carried out a successful fire drill for all of its employees at the Corporation’s headquarters.

A preliminary Reuters poll estimated a decline of 2.3 million barrels.
04:55 GMT

Brent oil held steady above $112 per barrel as upbeat manufacturing data in China pointed to demand growth while conflicts in Iraq and Ukraine continued to underpin supply concerns.

July 1, 2014

Nassar Ibrahim Nassar received the Golden Aviation Wings Award from Michalis Michael in the presence of Abdulrahman Qassim Al Ali and members of the delegation
07:25 GMT

Emojet won the Golden Aviation Wings Award from Exxon Mobil Aviation, for continued outstanding contribution to aviation safety.

S&P noted that hydrocarbon revenues constitute almost 46 per cent of nominal GDP and three-quarters of total exports of the six GCC nations.
04:55 GMT

Increasing dependence of the GCC states on oil revenues poses a rising credit risk, a new survey by S&P says.

June 30, 2014

Hesham Ali Mustafa, Senior Director – ENOC Gas Marketing and Head of International Business Development & General Manager – Emirates Gas LLC
10:06 GMT
(press release)

Emirates Gas (EMGAS) is marking the values of charity and solidarity during the Holy Month of Ramadan by partnering with the Dar Al Ber Society to provide LPG refill vouchers for disadvantaged families.