Oil & Energy

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Oil prices have been falling – and plummeting, spiraling, nose-diving and just generally heading downwards – over the past few months.
December 17, 2014 - 04:55 GMT
Here is a look at three of the Middle East’s most affected economies – some of which are already on the brink of a serious crisis.

July 2, 2014

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.

Adel Khalifa Al Shaer during the meeting with the delegation in presence of Engineer Ibrahim Yacoob Al Tamimi,  Abdulrahman Qassim Al Ali and Engineer Arif Eissa Al Muhairi
07:39 GMT

The General Manager at Emarat, met with a delegation from PetroChina Int’l, (Singapore) Ptel.Ltd, to discuss cooperation venues and investment opportunities for both parties in the sector of fuel and energy.

The estimated size of the proposed deal is the supply of seven BCM (billion cubic meters) of gas annually for 15 years.
04:55 GMT

The value of the agreement is estimated at some $30 billion.

June 26, 2014

Hesham Ali Mustafa, Senior Director – ENOC Gas Marketing
11:01 GMT
(press release)

Emirates Gas (EMGAS), has won the CSR Label Award from the Dubai Chamber of Commerce & Industry (Dubai Chamber) for the fourth consecutive year.

Mr. Hussain Kazim, Manager corporate communications at Emarat
07:21 GMT

On the occasion of the holy month of Ramadan, Emirates General Petroleum Corporation “Emarat”, is offering free dates and water to all customers during the Iftar time at all services stations.

June 25, 2014

The fact is that salaries are not increasing by 10 per cent, 25 percent or 100 per cent a year.
13:48 GMT

Rents in this locale have increased on average by 100 per cent over the last year.

During the event
08:56 GMT
(press release)

Oman Oil Marketing Company’s Chief Executive Officer, Engr. Omar Ahmed Salim Qatan, has taken home the coveted Alam Al-Iktisaad Wal A’mal (AIWA) Award for ‘CEO of the Year’.

OCTAL PET Complex, Salalah
08:28 GMT
(press release)

OCTAL, will welcome 25 students from Universities and Colleges across Oman this summer as part of the company’s annual three-month internship program.

June 22, 2014

During the course
08:34 GMT

The Retail Sales Department of Emirates General Petroleum Corporation "Emarat” organized a training course on the basics and principles of applying First Aid.

June 20, 2014

Israeli refineries have taken Kurdish crude oil before but in small volumes, which were shipped to Turkish ports by truck.
14:01 GMT

"We do not comment on the origin of crude oil being imported by the private refineries in Israel," an Israeli energy ministry spokeswoman said.

June 19, 2014

“Iran re-entry presents an opportunity to improve security of supply and for oil and gas service companies to develop significant opportunities,” said Mr. Stocker.
04:55 GMT

Business is already preparing for barriers preventing trade with one of the region’s biggest potential markets to be brought down.