Oil & Energy
December 20, 2012
Coal is set to surpass oil as the world’s top fuel within a decade, driven by growth in emerging market giants China and India, with even Europe finding it hard to cut use despite pollution concerns, according to a report.
December 19, 2012
A signing ceremony took place today for a Memorandum of Understanding between the Dubai Electricity and Water Authority and the International Renewable Energy Agency in the Grand Hyatt, Dubai.
Emirates General Petroleum Corporation "Emarat" recently organized a ceremony for Emarat's stations supervisors in appreciation of their substantial efforts in supervising the service stations.
December 18, 2012
The Oman Economic Review’s Top 20 has recognized Oman Oil Marketing Company (omanoil) as one of the largest oil and gas companies listed on the Muscat Securities Market in 2011.
The Iranian government has conceded that it is losing half of its oil revenues due to international sanctions imposed over its disputed nuclear programme.
EQUATE Petrochemical Company received the Corporate Social Responsibility (CSR) 2012 Award during the third annual Oil & Gas Middle East Awards ceremony.
December 17, 2012
Oil trader Vitol has apologised to the Iraqi government for buying Kurdish oil, via Turkey, without Baghdad's permission as capital and temi-autonomous region battle over oil and gas rights in the northern province.
December 16, 2012
A gas pipeline was blown-up last night, according to a statement by operators Yemen LNG.
December 13, 2012
The Organisation of Petroleum Exporting Countries (OPEC) has decided to maintain current oil output levels, after reviewing market data for 2013.
The Retail Sales Department at Emarat recently organized 3 Sport championships for the employees at its service stations.
December 12, 2012
Petrolab announced that it intends to hire Lebanese oil and gas professionals as it plans to form partnerships with companies to bid for offshore petroleum exploration and production contracts in Lebanon.
Libya is looking set for a new round of oil exploration deal, although the current target is to maintain output, which is slightly higher than expected.
December 11, 2012
Markets, are turning their eyes to Vienna where an OPEC meet is scheduled Wednesday 12 December that will addresses crude oil performance.
The Iranian Oil Ministry reportedly plans to establish a refinery near the Caspian Sea and feed it by crude oil which is derived from the sea.
December 10, 2012
Western pressure that forced foreign ship classifiers out of Iran has increased safety risks including the danger of an Iranian vessel spilling oil on another country’s coast, the chief executive of Lloyd’s Register said.