Oil & Energy

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Of 2,000 Israeli factories that could switch to natural gas and reduce their production costs, only eight are currently connected to the natural gas supply.
January 28, 2015 - 14:35 GMT
Bureaucratic wrangling and ever changing regulations are frustrating what could be Israel's natural gas revolution.

January 20, 2015

In early afternoon London deals, Brent North Sea crude for delivery in March fell 48 cents to trade at $49.69 per barrel.
12:50 GMT

Saudi Arabia can cope with low oil prices for "at least eight years", Saudi Arabia's minister of petroleum's former senior adviser has told the BBC.

During the event
11:35 GMT
(press release)

Dubai Electricity and Water Authority (DEWA) has today participated in the UAE–UK Energy Group workshop, organised by Masdar at the Abu Dhabi National Exhibition Centre (ADNEC) during the World Future Energy Summit (WFES).

January 19, 2015

Burhan Al Hashemi, ENOC’s Managing Director of Retail
11:50 GMT
(press release)

ENOC Retail, the retail business of Emirates National Oil Company (ENOC), has achieved several certifications in 2014 recording a milestone year that underlined its commitment to international best practices.

A Dubai-based private firm is leading a consortium in bidding to develop solar and wind power plants
11:24 GMT

A Dubai-based private firm is leading a consortium in bidding to develop solar and wind power plants for Egypt as part of the country's plans to diversify its power generation mix amid its worst energy crisis in decades, the company's chairman said.

The Gulf’s largest listed company earned SAR4.36 billion ($1.16 billion) in the three months to Dec. 31 compared to SAR6.16 billion a year earlier,
04:55 GMT

Saudi Basic Industries Corp (SABIC), one of the world’s largest petrochemicals groups, reported a 29 per cent plunge in fourth-quarter net income on Sunday.

The total investment in the present phase will reach $2.5 billion once the remaining work is completed, the Times of Oman report said.
04:55 GMT

The plant has a capacity for commercial export of 27 million cu ft per day of natural gas and 2,500 barrels per day of condensates.

January 18, 2015

The oil market had fallen on Thursday on news that the Organisation of Petroleum Exporting Countries (Opec) had overproduced in Decembe
15:01 GMT

Oil plunged close to six-year lows last week on oversupply worries, before staging a slight recovery as the International Energy Agency (IEA) declared there were signs that “the tide will turn”.

HE Saeed Mohammed Al Tayer, MD & CEO of DEWA
12:43 GMT
(press release)

Dubai Electricity and Water Authority (DEWA) is participating in the World Future Energy Summit 2015, which is held in Abu Dhabi from 19- 22 January 2015.

OCTAL - Mohammed Ali Al-Aamri, HSE Manager
09:48 GMT
(press release)

OCTAL, has recently achieved the internationally-recognized Occupational Health and Safety Management System (OHSMS) standard certification, OHSAS 18001:2007, from Intertek.

The plant should come on line in April 2017, helping to achieve a reduction of 250,000 tonnes of carbon emissions annually, the company said.
04:55 GMT

The Gulf region is one of the world's richest areas in sunshine, but its countries are way behind others in harnessing the energy

The oil price "could fall to $25," said Vagit Alekperov, the chief executive of the private oil producer, quoted by RIA Novosti.
04:55 GMT

Russian oil company Lukoil on Friday predicted that oil prices, which have more than halved since June last year, could plunge as low as $25 per barrel.

January 17, 2015

Iraq, the second-biggest member of the Organization of Petroleum Exporting Countries, is using $60 in its budget.
04:55 GMT

Iran, its oil exports curbed by sanctions, is lowering the crude price for this year’s budget to $40 a barrel as the energy slump affects governments and industry.

January 15, 2015

Prices have slumped almost 60 percent since June. Brent crude, a benchmark for international oils, was down another 82 cents to $47 a barrel in London on Wednesday.
04:55 GMT

Shell, Europe's largest oil producer, and Qatar Petroleum say they are scrapping a planned petrochemicals project in the Gulf nation amid falling energy prices.

January 14, 2015

Mr.Hussain Kazim, Senior Manager Corporate Communications at Emarat
07:10 GMT

Emirates General Petroleum Corporation "Emarat" has announced a reduction in prices for liquefied petroleum gas (LPG) cylinders effective from next Saturday, 17th January 2015.

Emirates A380
05:14 GMT

Emirates, a global connector of people and places marked a record launch of 10 new A380 routes in 2014 and today has released a ‘mash-up’ video that shows the iconic aircraft landing in 10 destinations spanning the globe.