Oil & Energy

Featured Story:

It's all doom and gloom for the Gulfi dream as the GCC are bracing for tough times with vital oil revenues falling rapidly. (Image: Gulf man expreses grief via Shutterstock)
December 24, 2014 - 10:38 GMT
Gulf countries are bracing for tough times as vital oil revenues fall and after they missed a golden opportunity to diversify their economies in a decade of unprecedented windfalls, analysts say.

March 3, 2014

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.

 A surge in US oil and natural gas production has lifted hopes about North American energy security, but that growth will plateau and will be difficult to replicate elsewhere.
02:27 GMT

The light tight oil revolution in the United States is changing the geographical map of oil trade.

February 28, 2014

The government aims to export green power to Europe via Spain in coming years.
01:06 GMT

“It is one of the biggest wind farm projects in the world,” the utility said in a statement.

February 27, 2014

During the event
09:51 GMT
(press release)

HE Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA), received at his office Robert Waller, US Consul General to Dubai.

The UAE Energy Minister, Suhail bin Mohammed Faraj Faris Al Mazrouei, and Japan’s Minister of Economy, Trade and Industry, Toshimitsu Motegi, signed a MoU on the peaceful use of nuclear energy in the UAE
08:45 GMT

General Shaikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and Japan’s Prime Minister, Shinzo Abe, on Wednesday witnessed the signing ceremony of a number of agreements and Memoranda of Understanding (MoUs).

February 26, 2014

Fuel and related energy sources have forced Gaza to increasingly rely on solar power as their main energy source (File Archive/Shutterstock)
11:52 GMT

Palestinians in the Gaza Strip are now turning to solar power as they grapple with energy shortages.

Dr. Rahma bin Mohamed Al Shamsi honors a staff member in the presence of Abdulla Al Noman, Abdulraoof Abdul Aziz and Darren Smith.
08:52 GMT

Emirates General Petroleum Corporation "Emarat" honored 34 employees at its service stations in Dubai and the Northern Emirates who have been working for 10 years or more.

February 25, 2014

Gaza's Islamic University carried out preliminary tests that suggest there is a natural gas field near the coast of the Gaza Strip (Shutterstock)
16:51 GMT

Gaza may be home to natural gas deposits, according to a Hamas MP this week.

During the event
05:25 GMT
(press release)

Dubai Electricity and Water Authority has taken part in a Winter Awareness Camp organised in February by the Directorate General of Civil Defence in Dubai.

Turkey will also import at least 5 million tons (100,000 barrels per day) of Iranian crude in 2014, the same amount that it purchased last year,
03:55 GMT

Commenting on Turkey’s complaint to the International Court of Arbitration about the price of the gas Iran supplies to Turkey, Araqi said Iran will not accept any request from Turkey to lower the price

February 24, 2014

Oman Oil Marketing Company CEO Omar Qatan and the winners of the CEO Award of Excellence
12:30 GMT
(press release)

Oman Oil Marketing Company’s CEO, Engr. Omar bin Ahmed Salim Qatan, has awarded employees for their dedication to upholding the highest standard of customer care at the third annual CEO Award of Excellence.