Oil & Energy

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Discussing other factors that may potentially influence Arabian oil, Anderson said he did not expect political disruptions to affect oil passage through the Strait of Hormuz.
Today
The shale oil revolution in the United States is not expected to present a threat to the Middle East, according to Duncan Anderson, chief executive officer at Gulf Marine Services (GMS).

March 6, 2014

ENOC
10:26 GMT
(press release)

Emirates National Oil Company (ENOC) has announced its year-round support to the IPC 2014 Powerlifting World Championship organised by the Dubai Club for the Disabled with the support of Dubai Sports Council.

India and the UAE agreed to cooperate for setting up a strategic petroleum reserve in Asia’s third largest economy
09:25 GMT

A UAE move will boost India’s ambitious project of establishing 5.03 million metric tonnes (MMT) strategic crude oil storages.

Iran is on course to become the world’s largest importer of natural gas by 2025 unless it can rein in rampant domestic demand,
03:55 GMT

Iran sits on the world’s largest gas reserves, according to estimates by BP, and Iranian energy officials have boasted for years about becoming a top gas exporter soon.

"Under such a scenario, sovereign credit quality in the GCC would be affected to varying degrees, with Bahrain and Oman most vulnerable to a potential downward adjustment of their sovereign rating."
03:55 GMT

The effects on the economies of Gulf Cooperation Council (GCC) countries would be negative to neutral under an adverse scenario in which oil prices decline to $90 per barrel (pb) by 2020

March 5, 2014

Bee'ah's solar-powered cleaning boats ensure Sharjah's lagoons are clean while reducing carbon emissions (Courtesy of Build Green)
13:48 GMT

UAE-based Bee'ah introduced the region's first solar-powered water surface cleaning boats in Sharjah.

March 4, 2014

ENOC  EPPCO expand fuel self-service to 20 more stations
11:53 GMT
(press release)

Emirates National Oil Company (ENOC) will introduce fuel self-service to 20 more service stations from March 5, 2014.

DEWA conservation campaign
11:49 GMT
(press release)

Dubai Electricity and Water Authority (DEWA) has launched a PR and social media campaign to rename its electricity and water cartoon characters.

A comprehensive nuclear deal between Iran and six major world powers over Tehran’s nuclear energy program is possible by the end of July
08:44 GMT

Iranian Foreign Minister Mohammad Javad Zarif says a final settlement to the decade-old dispute over Iran's nuclear energy program would be possible within the next five months.

March 3, 2014

"Oil markets are reacting on the potential that the situation could worsen," said Ben le Brun.
16:36 GMT

Ukrainian Prime Minister Arseny Yatseniuk said Moscow's move to use military force was a "declaration of war" by Russia, one of the world's biggest oil producers.

During the event
05:53 GMT
(press release)

HE Saeed Mohammed Al Tayer, Vice Chairman of the Dubai Supreme Council of Energy and MD & CEO of DEWA received Alun Davies AM, Minister for Natural Resources and Food of the Welsh cabinet.

The February figure was up from 2.228 million bpd the previous month thanks to the completion of work on expanding the capacity of the southern Basra port, from which the bulk of Iraq's crude is shipped.
03:55 GMT

The increase is likely to restore some confidence in Iraq's oil revival, which got under way in 2010 after decades of sanctions and war, but slowed last year due to technical and security problems.

March 2, 2014

The Trina Solar project will be Jordan's first rooftop solar power project (File Archive/Shutterstock)
14:00 GMT

China-based company Trina Solar recently signed an agreement with Amman-based companies to build rooftop solar power plants.

India imports around 75 per cent of its crude oil
09:55 GMT

Energy-deficient India discussed the possibility of reviving a project for a deep sea pipeline connecting Oman and Iran to India.

El Wastani Plant
06:56 GMT
(press release)

Dana Gas, the Middle East’s leading regional private sector natural gas company, plans to conduct a major maintenance and tie-in work program in the El Wastani Plant.

Mohammad Husain, EQUATE President & CEO
06:21 GMT
(press release)

EQUATE Petrochemical Company announced realizing a net profit of USD 1.245 billion for the fiscal year ending 31 December 2013, with a 14% increase in comparison with USD 1.09 achieved in 2012.