Oil & Energy

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Also with the new King continuing to back the veteran Oil Minister Ali Al-Naimi, any possibility of Naimi finally hanging his boots also disappeared
The passing of King Abdullah in the early hours of Friday led to speculation that a leadership transition could result in a change to the country’s oil policy and strategy.

November 6, 2014

HE Saeed Mohammed Al Tayer, MD & CEO of DEWA
08:37 GMT
(press release)

Dubai Electricity and Water Authority (DEWA) has started work on a project to increase the efficiency and reliability of water transmission networks in different parts of Dubai.

Mr. Hussain Kazim Senior Manager, Corporate Communications at Emarat
05:07 GMT

Emirates General Petroleum Corporation "Emarat" decided to boost its participation at the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) 2014.

US light crude was down $2.00 at $76.78 a barrel. It touched a session low of $75.84, its weakest since October 2011.
04:55 GMT

Brent crude oil fell more than 3 percent to its lowest in more than four years near $82 a barrel on Tuesday.

November 5, 2014

“The budget of the Kingdom of Saudi Arabia depends 90 per cent on oil … I’ve already said that this is a huge mistake,” said the prince.
21:09 GMT

Prince Alwaleed publicly urged the government last month to do more to protect the economy of the world’s top oil exporter from the slide.

Engineer Ibrahim Yacoob Al Tamimi with the delegation in the presence of Abdulrahman Qasim Al Ali and Engineer Mohamed Ibrahim Ahmed
08:40 GMT

Engineer Ibrahim Yacoob Al Tamimi, Operations & Logistics Director at Emirates General Petroleum Corporation “Emarat”, held a meeting at Emarat's headquarters in Dubai.

November 4, 2014

Kufpec Chief Executive Officer Nawaf Saud Al-Nasir said in a statement Saturday the deal came “as a result of the recently enacted energy reform in Mexico.
17:08 GMT

A Kuwaiti exploration company said it signed a memorandum of understanding to work alongside its counterparts in the Mexican energy sector.

During the event
10:10 GMT
(press release)

Dubai Electricity and Water Authority (DEWA) has endorsed the 3rd Annual Global Independent Water and Power Plants (IWPP) Summit, organised by Fleming Gulf Conferences at Habtoor Grand Beach and Resort hotel, Dubai.

During the event
08:47 GMT
(press release)

Emirates National Oil Company (ENOC) has expanded the geographic reach of its ZOOM convenience store with the opening of the first stand-alone outlet in Abu Dhabi in the Ministry of Interior compound.

06:16 GMT
(press release)

ADNOC Distribution has reduced the price of diesel across all its service stations in the Northern Emirates, including Sharjah, Ajman, Umm Al Quwain, Ras Al Khaimah and Fujairah.

Separate data published on Monday showed that activity in the eurozone's manufacturing sector nudged higher in October as businesses cut prices.
05:55 GMT

Oil prices fell Monday, hit by a strengthening dollar as dealers digested global manufacturing data for clues about demand growth.

November 3, 2014

During the event
10:43 GMT
(press release)

Emirates National Oil Company (ENOC) and its subsidiaries today marked the UAE Flag Day by hoisting the National Flag at the company’s headquarters in Dubai.

Adel Khalifa Al Shaer raising the UAE’s Flag at Emarat Head Office in the presence of officials and employees
09:03 GMT

Emirates General Petroleum Corporation “Emarat” raised the flag of the United Arab Emirates over its headquarters in Dubai.

Development of the part jointly owned with the Saudis has been frozen for a year, according to Al-Rai.
05:55 GMT

The row comes a month after production at the offshore Khafji oilfield in a neutral zone between the two Arab states was halted last month.

November 2, 2014

During the event
08:37 GMT
(press release)

Dubai Electricity and Water Authority (DEWA) has launched the Best Consumer Award, for the 11th consecutive year, to encourage residents of Dubai to be effective participants in the sustainable development of the Emirate.

During the experience
07:07 GMT

Emirates General Petroleum Corporation “Emarat” has successfully carried out, in conjunction with Dubai Civil Defense, a successful fire drill in in one of the sites in the central workshop in Al Qusais.