Oil & Energy

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For now, however, the US-led surge in supply and weak demand have seen traders start to store additional barrels as they wait for prices to recover.
September 14, 2014 - 04:55 GMT
The drop in oil prices to their lowest in two years has caught many observers off guard, coming against a backdrop of the worst violence in Iraq this decade, heightened tensions between the West and Russia, and sanctions against Iran.

June 30, 2013

Recognizing the Ambassador
06:16 GMT

EQUATE Petrochemical Company hosted a visit by His Excellency the Ambassador of the Kingdom of the Netherlands to the State of Kuwait Nicolaas Beets.

June 26, 2013

S2 is 54 percent owned by Abu Dhabi National Energy Co (TAQA)
10:59 GMT

Abu Dhabi's Shuweihat 2 (S2) power plant has mandated six banks to help arrange a potential bond issue, lead arrangers said on Tuesday.

Saquella Espresso Club in Dubai Mall
10:39 GMT
(press release)

ENOC Retail has opened the fifth outlet of the Saquella Espresso Club at The Dubai Mall, the world’s largest shopping and entertainment destination.

Omanoil Filling Station, 15 Years without LTI at Lubricants Stores Yard
09:04 GMT
(press release)

Oman Oil Marketing Company (omanoil) is celebrating a milestone of 15 years without Lost Time Injury (LTI) at its Lubricants Stores Yard in Mina Al Fahal.

June 25, 2013

Saeed Al Tayer, MD &CEO Of Dewa
12:04 GMT
(press release)

Dubai Electricity and Water Authority has announced that its new AED360 million water pipeline project is progressing as per schedule.

ENOC-DSS First Winner
10:55 GMT
(press release)

Emirates National Oil Company (ENOC) presented a Hyundai Veloster car to the weekly winner of its ‘Stop, Shop and Zoom’ Dubai Summer Surprises (DSS) promotion.

During the event
09:16 GMT
(press release)

EQUATE Petrochemical Company launched a world-class procurement program for its employees in cooperation with the Chartered Institute of Purchasing & Supply (CIPS).

June 24, 2013

ENOC Hag El Leila celebration
10:35 GMT
(press release)

Emirates National Oil Company celebrated Hag El Leila, the traditional Emirati festival celebrated in the middle of Sha’ban, the auspicious month before Ramadan, by distributing sweets and gifts to children at Latifa Hospital.

June 23, 2013

Artificially low government-controlled prices typical across the energy-rich Gulf region have discouraged new projects needed to meet its rapidly rising demand for natural gas
11:45 GMT

BP has agreed a price for any gas produced from Oman's Khazzan project as part of a commercial framework agreement with the government, the British energy company said on Thursday.

June 20, 2013

Offshore drilling site
10:03 GMT

State-owned Abu Dhabi Marine Operating Co (Adma-Opco) has awarded a 2.8 billion dirhams ($766 million) contract to a local firm to develop an offshore field as its expands production of crude oil.

Mohammed Bin Tameem during the honouring
06:41 GMT

Dubai Municipality has honored Emirates General Petroleum Corporation "Emarat" for its active participation in the World No Smoking Day.

The price of oil was down slightly yesterday.
06:00 GMT

Kuwait's acting oil minister said yesterday current oil prices were "fair" and that the Gulf Arab state was producing around 3 million barrels of crude per day.

June 19, 2013

Masdar's Seychelles Wind Farm
11:24 GMT

The Abu Dhabi Future Energy Company or Masdar in association with the Abu Dhabi Fund for Development (ADFD) has launched a six-megawatt, eight-turbine wind farm in the Republic of Seychelles.

Ismail Abdullah cuts the ribbon in the presence of Dr. Rahma bin Mohamed Al Shamsi, Abdulla Hassan Al Noman and officials from Dubai Customs
05:59 GMT

“Freshplus”, the unique trade name in convenience stores sector, is continuing its growth and success among competing trade names, with the opening of the eighth “Freshplus” store in Dubai Customs.

June 18, 2013

During the event
10:42 GMT

EQUATE Petrochemical Company and The Dow Chemical Company sponsored the founding and establishing of “EQUATE Process Automation Lab”.