Oil & Energy

Featured Story:

Egypt has been experiencing power cuts since 2008 and faces bigger energy problems due to political unrest (File/AFP)
April 15, 2014 - 14:00 GMT
Political unrest has seen gas exports fall in Egypt while electricity consumption went up by almost a third. Will it be an expensive summer?

May 14, 2013

10:14 GMT
(press release)

Emirates Gas is hosting the Compressed Natural Gas Forum 2013.

EQUATE President & CEO Mohammad Husain
09:56 GMT
(press release)

EQUATE Petrochemical Company said that Gulf countries export over 80% of their petrochemical production.

RAK Petroleum
05:45 GMT

RAK Petroleum Public Company Limited yesterday announced that its shareholders had approved plans to restructure the Company and its subsidiaries and seek a listing on an international stock exchange.

May 13, 2013

Campaign poster
18:55 GMT

Dubai tops the list of cities with the brightest future, followed by the two North American cities of Calgary and Denver

The Organization of the Petroleum Exporting Countries’
14:10 GMT

Opec crude oil output rose in April from its lowest monthly level in more than a year due to the resolution of export disruptions in Iraq and Libya and a rise in Iranian sales

Gasoline prices needed to rise in line with those of its neighbours
13:58 GMT

Libya will join its neighbours in tackling sensitive fuel market reforms and plans to do away with all subsidies within three years, Oil Minister Abdelbari Al Arusi said.

RAK Petroleum plant
11:53 GMT

RAK Petroleum’s assets include a 42.8 per cent holding in Norwegian oil company DNO International ASA.

Country will be “lucky to go past” its current oil production of about 9 mbpd by 2020
10:09 GMT

Saudi Arabia’s energy minister said the kingdom has no plans to dramatically expand its oil production capacity to 15 million barrels per day

May 12, 2013

The GCC projects industry is expected to have another stellar year in 2013
12:49 GMT

The GCC projects industry is expected to have another stellar year in 2013 as the value of contracts to be awarded is expected to reach $1.35 trillion by year-end, significantly higher than the $ 730 billion total last year.

The exhibition will showcase the latest technology in energy management
11:15 GMT

Bahrain will host the Energy Management Conference and Exhibition 2013

Commerce and Industry Minister Tawfiq Al-Rabiah speaks at the Forum for Indigenization of Electrical Equipment Industry in Riyadh.
10:54 GMT

Commerce and Industry Minister Tawfiq Al-Rabiah has commended the keenness of Saudi Electricity Company (SEC) to encourage national industries through the purchase of electrical products in the Kingdom.

The step will pave the way for qualified companies to become suppliers for Qatar Shell
05:40 GMT

Qatar Shell has unveiled new supply chain business opportunities for local companies following the agreement it signed with Qatar Development Bank (QDB) earlier this year to provide local companies and manufacturers access to new business opportunities,

May 9, 2013

U.S. Senate minority leader Mitch McConnell (R-KY) speaks as Senate Republican leadership hold a press conference after their weekly policy luncheon in the U.S. Capitol building in Washington, DC. (Photo by Allison Shelley/Getty Images)
11:42 GMT

Legislation introduced by a bipartisan group of U.S. senators would block Iran's access to billions of dollars worth of foreign currency reserves.

 A petroleum refinery of Qatar Petroleum stands on October 26, 2011 near Umm Sa'id, Qatar. Qatar is ranked 16th in countries with the biggest oil reserves and 3rd in natural gas reserves. (Photo by Sean Gallup/Getty Images)
10:52 GMT

Qatar Petroleum plans to list on Qatar Exchange four subsidiary companies worth $50 billion over the next two years, Qatar Exchange Chairman Hussein Ali al Abdullah said, in Doha, on Wednesday.

Total oil and gas revenues were down 17 per cent at Dh2.4 billion for the first quarter
10:38 GMT

Abu Dhabi National Energy Company, also known as Taqa, on Wednesday said its first-quarter profit before tax fell 68 per cent to Dh445 million due to lower production in the UK North Sea.