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.

August 16, 2012

The fuel supply programme will begin in 2014-2015
08:28 GMT

The United Arab Emirates said yesterday it had selected six companies to supply fuel to its four planned nuclear reactors in deals worth an estimated $3 billion (2.43 billion euros).

Dr. Mohammed Aiada Alkubaisi, Islamic scholar at ENOC’s final Ramadan lecture
08:21 GMT
(press release)

Held under the theme ‘Ramadan, The Month of Giving’, ENOC’s final Ramadan lecture was hosted by distinguished Islamic scholar, Dr. Mohammed Aiada Alkubaisi, at the ENOC auditorium.

August 15, 2012

Mohamed Al Hammadi, ENEC’s Chief Executive Officer
09:57 GMT
(press release)

The Emirates Nuclear Energy Corporation announced the results of the nuclear fuel procurement competition launched in July 2011.

Sara Akbar, Chief Executive Officer of Kuwait Energy
07:46 GMT
(press release)

Kuwait Energy announce that they have begun production of oil and gas condensate in four wells within the Abu Sennan concession.

August 14, 2012

Iran natural gas
11:44 GMT

The Iranian government announced it is ready to officially dedicate the grand unveiling of an underground natural gas storage facility just south of the nation’s capitol of Tehran.

August 13, 2012

Iraqi oil
12:06 GMT

Iraq's oil output now stands at 3.2 million barrels per day, outpacing neighbouring Iran to become the second-biggest producer in OPEC, Iraq's top energy official said yesterday.

Omanoil - Staff Iftar 2012
11:25 GMT
(press release)

In keeping with the spirit of sharing in the holy month of Ramadhan, Oman Oil Marketing Company (omanoil) hosted its annual Iftar for staff and their families.

Ramadan Care Packages Night
10:50 GMT
(press release)

Employees representing the various subsidiaries of ENOC participated in the ‘Ramadan Care Packages Night’ campaign at the Dubai World Trade Centre.

The Saudi petrochemical sector is emerging as the second largest after oil
10:25 GMT

With its rich natural resources, Saudi Arabia is maintaining its progress in both the oil and non oil sectors.

August 12, 2012

IEA
20:03 GMT

Faltering economic growth will undercut global oil demand this year and next, the International Energy Agency (IEA) said yesterday, citing slowdowns in China and the United States in particular.

Crude oil
12:21 GMT

Asia's major crude buyers are finding ways around tough U.S. and EU sanctions to maintain imports from Iran.

ENOC Third Lecture with Renowned Islamic scholar, Ali Masha’al
10:42 GMT
(press release)

Renowned Islamic scholar, Ali Masha’al, hosted ENOC’s third Ramadan lecture titled The Last 10 Days of Ramadan.

August 9, 2012

Oman's government revenue shot up 35.4 per cent to RO7.369 billion, from RO5.443 billion for the same period last year.
14:07 GMT

Oman's budget surplus surged to a record high of RO1.683 billion in the first half of 2012, on the back of surging oil and gas revenues.

World Energy Forum
13:17 GMT

On October 22nd, 2012 Dubai will be host to the World Energy Forum. The event will also mark the first time the event has ever been held outside of the United Nations headquarters, which is located in New York City, U.S.

EDL
10:13 GMT

The three service providers agreed Wednesday to drop a clause stipulating a three-month probation period in contracts being offered to EDL’s part-time workers.