Oil & Energy

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Also with the new King continuing to back the veteran Oil Minister Ali Al-Naimi, any possibility of Naimi finally hanging his boots also disappeared
January 25, 2015 - 13:12 GMT
The passing of King Abdullah in the early hours of Friday led to speculation that a leadership transition could result in a change to the country’s oil policy and strategy.

February 20, 2013

Sara Akbar, Kuwait Energy Chief Executive Office
07:43 GMT
(press release)

Kuwait Energy announced an update on its financial and corporate activities during its fourth quarter.

February 19, 2013

Egypt will begin to reduce fuel subsidies in April, the country's minister of petroleum and mineral resources said on Monday.
11:53 GMT

Egypt will begin to reduce fuel subsidies in April, the country's minister of petroleum and mineral resources said on Monday.

Oil companies in Lebanon deny fuel has been re-exported to Syria [file photo]
08:03 GMT

Oil companies yesterday vehemently denied media reports that they have re-exported fuel oil to Syria.

February 18, 2013

Saudi Arabia  has earmarked billions of dollars to produce more electricity in the Kingdom by 2019
06:52 GMT

Saudi Arabia has earmarked around SR502.5 billion ($134 billion) for power generation and water projects in a bid to raise electrical generation at 49 per cent through 2019.

February 17, 2013

The Kuwait Foreign Petroleum Exploration Company (Kufpec) has chosen the banks to finance a loan $750 million loan agreement, according to reports
11:22 GMT

Kuwait Foreign Petroleum Exploration Company (Kufpec) has reportedly picked five banks to arrange a $750 million, five-year loan.

ENOC's Pump Up the Volume
09:11 GMT
(press release)

Emirates National Oil Company’s corporate offices served customers at the ENOC/EPPCO retail station forecourts for half a day as part of the company’s team building initiative.

German oil firm Wintershall has said it will remain in Libya, as it struggle to increase production
08:58 GMT

German oil firm Wintershall said it is struggling to return production in Libya to levels from before the civil war, with difficulties finding contractors, and despite its vast resources, it is also ruling out exploring for more hydrocarbons.

Beirut has received one of two power-generating ships in an effort to stop power cuts
07:45 GMT

The first of two electricity barges aimed at boosting Lebanon’s ailing power production entered Lebanese territorial waters Saturday.

During the event
05:31 GMT
(press release)

In its 10th anniversary year, Oman Oil Marketing Company celebrated the commitment of its staff over the last decade that has enabled the company to serve Oman with quality products and exceptional customer care.

February 13, 2013

Oman launched a new system to promote safety in the oil and gas industry yesterday
12:36 GMT

A new high-tech system to promote safe rigging practices in Oman's oil and gas industry was launched on Monday.

Oil output in Iran dropped dramatically in 2012 due to sanctions, according to the IEA.
11:02 GMT

Sanctions on Iran caused the Islamic Republic’s oil revenue to drop by $40 billion in 2012, according to The International Energy Agency.

Libya's Brega terminal  has its first export of LPG yesterday, according to a statement from the National Oil Company
09:08 GMT

Libya announced yesterday that its subsidiary, the Sirte Oil Company had shipped its first LPG cargo since the revolution

HE Saeed Mohammed Al Tayer, MD and CEO of DEWA
04:45 GMT
(press release)

DEWA announced the launch of the 8th Conservation Award 2012/2013 for the educational sector, under the theme, ‘for a better tomorrow,’ in collaboration with the Knowledge & Human Development Authority.

February 12, 2013

ENOC signs MoU with Dubai Municipality
09:35 GMT
(press release)

Emirates Gas has signed a Memorandum of Understanding with Dubai Municipality to treat land and sewage waste to generate Compressed Natural Gas.

February 11, 2013

Metro Zoom Site
11:07 GMT
(press release)

Emirates National Oil Company recorded robust growth in sales during the Dubai Shopping Festival 2013.