Oil & Energy

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 Lower oil prices and Western financial sanctions imposed over the Ukraine crisis will cost Russia around $130-140 billion a year.
November 25, 2014 - 21:20 GMT
“We’re losing around $40 billion a year because of geopolitical sanctions."

December 23, 2013

Honorees in a group picture with Dr. Rahma bin Mohamed Al Shamsi in presence of Abdullah Hassan Al Noman
07:52 GMT

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 of the Corporation.

December 22, 2013

The offer is likely to attract solid demand, considering the strong performance of the Qatar market.
17:58 GMT

Mesaieed Petrochemical Holding Co, a unit of state-owned energy giant Qatar Petroleum, will launch a 3.2 billion-riyal ($880 million) initial public offering of its shares in the local market next month.

During the event
05:27 GMT
(press release)

Staff members of the Emirates National Oil Company were actively involved in cleaning up the environment as part of the company’s Corporate Social Responsibility (CSR) commitment.

December 19, 2013

ENOC's Feeding the Hungry Campaign
10:31 GMT
(press release)

Emirates National Oil Company (ENOC) has unveiled its most ambitious Corporate Social Responsibility (CSR) campaign to date with the launch of the ‘Human Fuel’ initiative.

Abdulrahman Qassim Al Ali receives a shield of appreciation from Colonel Yasser Obaid Al Theeb in the presence of Lieutenant Rashed Ibraheem Bal Rabeea and Saood Ahmed Al Mehairi
06:35 GMT

Emirates General Petroleum Corporation “Emarat” was honored by the General Headquarters of Ras Al Khaimah Police.

Rising Saudi energy demand is a bigger threat to Saudi Arabia than surging US shale output, Jadwa Investment bank says in a study published on Wednesday.
03:55 GMT

Jadwa said: “In all thus, we doubt that tight oil production will significantly impact the world’s oil industry over the long term. In particular, we do not see it affecting Saudi Arabia’s situation.”

December 18, 2013

During the graduation
03:55 GMT
(press release)

Oman Oil Company (OOC) joined Oman Society of Petroleum Services (OPAL) in congratulating 47 graduates who successfully completed the ‘Training for Employment’ programme’.

December 17, 2013

OSN Fight Network HD
08:44 GMT
(press release)

OSN, the region’s leading pay-TV network, has partnered with Fight Network to launch OSN Fight Network HD, the region’s first dedicated combat sports channel.

Palestinian border official Raed Fattouh said Sunday's fuel shipment was paid for by Qatar.
03:55 GMT

A lack of fuel has hampered the rescue efforts in Gaza, where flooding from heavy rains has forced about 40,000 residents from their homes.

December 16, 2013

Hesham Ali Mustafa, Senior Director, ENOC Gas Marketing & International Business Development and General Manager of Emirates Gas
10:36 GMT
(press release)

Emirates Gas, a subsidiary of the Emirates National Oil Company (ENOC), marked a milestone on November 27, the day that the nation won the bid to host the World Expo 2020.

The Iranian official complained that Pakistan has done little to construct its own section of the project.
 Majedi said Iran has proposed Islamabad seek assistance from European firms to complete the Pakistani part of the pipeline project between the two neighbors.
03:55 GMT

Iran has suspended a USD 250 million loan to Pakistan to build part of a pipeline project for importing natural gas from the Islamic Republic.

HE Saeed Mohammed Al Tayer, MD and CEO of DEWA
03:55 GMT
(press release)

HE Saeed Mohammed Al Tayer, MD and CEO of DEWA launched DEWA’s Health and Safety Week as part of DEWA’s strategy to enhance health, safety, and sustainability standards amongst all segments of society.

December 15, 2013

The exploration programme for block 41 is expected to begin with seabed coring in 2014.
16:08 GMT

As per the agreement, both companies will conduct geological and geophysical studies upon which exploration wells will be proposed for drilling during the exploration period.

December 11, 2013

KSA is expanding its electrical supply to meet the needs of a rising population, a growing industrial sector, and increased demand for air conditioning (File Archive/Shutterstock)
10:00 GMT

With rising demand for power in KSA, the Gulf country is building the largest electrical supply expansion in the Middle East.

Increase in global supply will result in a drop in oil prices. (Image credit: Shutterstock)
06:55 GMT

Deutsche Bank AG reduced its crude price forecasts for 2014 by about $10 a barrel from this year on booming US production and the prospect of an easing in supply disruptions in the Middle East and North Africa.