Oil & Energy
December 24, 2014
Oman Oil Marketing Company (omanoil) has launched a nationwide campaign to reward customers in celebration of the one year anniversary of its own brand of lubricants in Oman.
The State will now require the companies to sell their holdings in one of the fields.
The power consumption reading meters in Sharjah will soon be replaced by smart meters to ensure that accurate readings are recorded.
December 23, 2014
Energy demand in the UAE is growing at an annual rate of about 9 per cent — three times the global average — making nuclear energy a growing necessity in the country’s energy portfolio.
The fall in oil prices is good news for the Egyptian government which in July slashed fuel subsidies, raising pump prices by up to 78 percent.
Oman Oil Company (OOC), has recently renewed its partnership for the third consecutive year with Oman Society for Petroleum Services (OPAL), to offer dedicated educational workshops as part of the capacity building programme ‘My Job, My Oath’.
Dubai Electricity and Water Authority (DEWA) has launched a brainstorming campaign on its social media channels.
December 22, 2014
Saudi Arabi plans to spend $91 billion to integrate refineries with petrochemcial units and expand plants over the next decade.
The recent oil price collapse may bring on a recession for the UAE in 2015.
December 21, 2014
EQUATE Petrochemical Company has further strengthened its partnership with the Kuwait Foundation for the Advancement of Sciences (KFAS) through a number of joint activities.
Gulf countries could lose at least half their oil revenues or around $350 billion a year as crude prices plunge, according to senior analysts.
December 19, 2014
Bahrain could start importing gas from Russia in 2017, Russia’s ambassador to the Gulf Arab kingdom told a local newspaper.
December 18, 2014
This is a very important discovery as this is the first time that the Jurassic formation is proven to be a hydrocarbon producer in the East
Saudi Arabia will continue massive public spending despite a 50 percent drop in the price of oil which provides the bulk of the kingdom’s revenue.
December 17, 2014
Core Gulf OPEC oil producers signalled this week they are prepared to wait as long as six months to a year to see the market stabilise,