Oil & Energy
November 6, 2012
Foreign ministers of Egypt and Cyprus have said the prospect of cooperating to exploit offshore hydrocarbons reservoirs is vast. However a “dispute between Egypt and Israel might ensue”, suggest expert forecasts.
The Ministry of Oil and Gas has floated tenders inviting bids from international oil firms for developing seven oil and gas blocks on production sharing basis.
Emirates National Oil Company conducted safety trainings for staff of the Ministry of Labour to enhance the effective implementation of environment, health and safety (EHS) practices at the workplace.
Emarat decided to boost its participation at the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) 2012 as part of its effort to assert its leading position within the oil industry.
November 5, 2012
Mr. Abdulraoof Abdul Aziz, Manager, Dealer Sales Operations at Emirates General Petroleum Corporation "Emarat", praised the corporation’s employees at various stations.
EQUATE Petrochemical Company announced that it has restarted the 550,000 metric tons annually (MTA) Ethylene Glycol (EG) unit.
November 4, 2012
OCTAL has marked its foray into the date packaging market in the United Arab Emirates with the largest and most influential date producers in the industry.
Emirates National Oil Company held a “Smoking Cessation Campaign” for its staff as part of its corporate social responsibility initiatives.
November 1, 2012
A U.S. inspector general report takes note of progress made in Iraq in terms of internal oil disputes, but said rivalries among various factions remain tense.
October 31, 2012
In a welcome relief for consumers in Lebanon, gasoline prices have dropped.
October 29, 2012
Closing the Strait of Hormuz and sanctions imposed on the Iranian energy sector are independent issues, an Iranian military commander said, in a telling sign that it may be kept open in the event of a strike on the Islamic Republic.
The UAE produced on average 2.69 million barrels per day in September, similar to the production levels in a month earlier, latest data from the Paris-based International Energy Agency (IEA) showed, with expectations that the Emirate is going to boost production.
From next month, citizens in Giza will use ration cards when they buy subsidised gas canisters; if successful scheme may be rolled out countrywide.
October 28, 2012
Dubai seeks to diversify its sources of energy and reduce energy consumption by 30 per cent by 2030, according to a senior official speaking at the World Energy Forum.
October 24, 2012
WorleyParsons has been awarded a USD 90m contract extension by BP Iraq to continue providing Engineering, Procurement and Management services to boost production from the super-giant Rumaila oilfield in Southern Iraq.