Oil & Energy

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For now, however, the US-led surge in supply and weak demand have seen traders start to store additional barrels as they wait for prices to recover.
September 14, 2014 - 04:55 GMT
The drop in oil prices to their lowest in two years has caught many observers off guard, coming against a backdrop of the worst violence in Iraq this decade, heightened tensions between the West and Russia, and sanctions against Iran.

January 13, 2011

08:25 GMT

Industry sources said that the Saudi national oil company giant, "Aramco" had signed an agreement to buy up to 360,000 tons of gasoline.

January 11, 2011

ENOC hosts the first-ever ‘Insurance ATMs’
14:34 GMT
(press release)

ENOC has joined hands with AFNIC, a leading insurance provider, to host the first-ever ‘Insurance ATMs’, possibly a first in the world, at ten selected ENOC/EPPCO service stations in Dubai.

Hillary Clinton during her speech at Masdar
10:10 GMT

The Secretary of State of the United States of America, Hon. Hillary Rodham Clinton today delivered a speech at the Masdar Institute of Science and Technology campus.

Badr Jafar, Executive Director of the Crescent Petroleum Group
10:00 GMT
(press release)

With the strong economic growth which the Gulf region of the Middle East has witnessed this past decade, the region’s young businessmen and businesswomen will face new challenges.

08:49 GMT

WFES promotes innovation and investment opportunities surrounding renewable energy and environment.

January 10, 2011

07:22 GMT

Global oil services leader Schlumberger today donated to the College of Petroleum Engineering at Kuwait University a full-year access to the state-of-the-art PIPESIM software.

January 9, 2011

14:58 GMT

An updated economic report has revealed that the value of Syrian crude oil exports fell in 2009 by about US$ 2.5 billion compared to 2008

09:12 GMT

Libya announced that the oil companies made over the past year 24 new oil discoveries.

January 5, 2011

ENOC service station
11:04 GMT
(press release)

Emirates National Oil Company (ENOC) has launched the first green service station in the Middle East at the Emirates Hills neighbourhood in Dubai.

January 4, 2011

Dana Gas
11:30 GMT

Dana Gas PJSC announced that its annual production rate for 2010 from its Nile Delta Concessions in Egypt is an estimated 42,000 barrels of oil equivalent per day .

January 3, 2011

ADNOC Group officials at the opening ceremony
12:08 GMT

The Abu Dhabi Marine Operating Company, on behalf of the ADNOC Group of Companies, is hosting an Open Day for the students of the ADNOC Technical Institute, at the ATI premises in Abu Dhabi.

January 2, 2011

13:28 GMT

A fresh report published in Kuwait has indicated that oil revenues in GCC countries rose by 15.6%

December 30, 2010

14:42 GMT

Hizbullah deputies in the Lebanese Parliament including MP Mohammad Raad, urged the Lebanese authorities to speed up the investment in oil wealth discovered in its waters.

December 29, 2010

ENOC, main sponsor of IHRC 2011
10:29 GMT
(press release)

The Federal Authority for Government Human Resources (FAHR) has announced that ENOC will be the main sponsor of the International Human Resources Conference and Exhibition (IHRC 2011).

December 28, 2010

Gas pipelines
11:59 GMT

Syria's Minister of Oil and Mineral Resources, Sufian Allawi stated that the Egyptian gas would reach Turkey via Syria at the beginning of next year through the four outlets of the Arab Gas Pipeline.