Oil & Energy
October 9, 2014
Emirates National Oil Company has awarded a five-year staff transportation contract valued at AED 50 million to Emirates Transport Company, a UAE Government entity focused on providing the best-in-class transport services.
October 8, 2014
What is happening in oil markets represents “the impact of this tremendous surge in US oil production”
“It’s simply a funding source that historically Chevron would not have looked at, but they are spending a lot on developing LNG and offshore so are looking at monetizing some of their assets sooner than they normally would.”
October 7, 2014
Service contracts stay within the limits of Kuwait’s constitution, which ban foreign firms from oil production in the Gulf OPEC crude exporter.
October 6, 2014
The U.S. Company NEOS Geo Solutions, which signed a contract with the ministry of energy in January, flew one of its planes equipped with sensors over the Bekaa Valley in clear weather.
Last week, the petroleum minister announced that the government had paid $1.5 billion of its arrears to energy companies.
October 5, 2014
IMF managing director Christine Lagarde warned of the fragile recovery of the global economy and the effects of the turmoil in the Middle East, especially the war against ISIS and the instability of Iraq and Syria, which could trigger higher global oil prices.
October 2, 2014
"Opec appears to be gearing up for a price war."...."I think Brent will fall below $88 before we see the bottom of the market."
EQUATE Petrochemical Company, Kuwait’s first private sector petrochemical company, inaugurated its petrochemical plant at Kidzania Kuwait, making it the world's first petrochemical company to participate in KidZania.
Emirates General Petroleum Corporation “Emarat” has launched a new promotional offer, giving its customers a chance to get a discount of AED 20 on the steam Wash for their vehicles, at any service station that provides this service.
Shourijeh will turn Iran into the greatest gas storage hub in the Middle East, and one of countries with underground storage facilities of natural gas
October 1, 2014
The shale oil boom in the US began in 2008 and has increased US crude output by 60 percent
Emirates General Petroleum Corporation "Emarat", recently took an important step in expanding its international expansion network which was established to market the Corporation's high quality oils products.
September 30, 2014
A key differential factor in this period in that volatile producers in Africa and the Middle East experienced a spike in production.
Emirates Gas, a subsidiary of the Emirates National Oil Company, hosted a delegation of students from the University of Wollongong – Chinese Campus to educate them on the operations, products and services of EMGAS.