Oil & Energy
Oil remained weak in Asia on Thursday after data showing record US stockpiles sent prices tumbling to the lowest level in nearly six years.
dmg events, an international exhibition company, has announced the launch of the Middle East Heavy Oil Congress in partnership with the National Oil and Gas Authority (NOGA), Bahrain’s leading government organization for oil and gas.
Royal Dutch Shell has signed a deal with Iraq worth $11 billion to build a petrochemicals plant in the southern oil hub of Basra.
January 28, 2015
The price of gas in Israel is currently linked to the US and Israeli consumer price indexes plus 1%, for eight years.
Iraq has offered discounts to European purchasers of its oil in February, similar to those offered by Saudi Arabia, amid signs of intense competition between OPEC’s two largest producers.
Jordan will sign an agreement to purchase natural gas from Cyprus before the end of June this year, according to a senior government official.
The Dubai Supreme Council of Energy has signed a three-year renewable Memorandum of Understanding (MoU) with the United Nations Industrial Development Organisation (UNIDO) to promote collaboration in renewable energy, energy efficiency, and to develop sustainable energy projects and programmes to be a platform for knowledge exchange about sustainability.
Dubai Electricity and Water Authority (DEWA) will organise a number of seminars during the Water, Energy, Technology, and Environment Exhibition (WETEX 2015).
Egypt's state gas board has awarded a $2.2 billion tender to import 75 cargoes of liquefied natural gas (LNG) to four international firms.
Saudi Aramco will renegotiate some contracts and postpone some projects due to falling oil prices, the head of Saudi Arabia's state oil company.
January 27, 2015
Oil's decline in 2014 was its second-biggest ever, after the collapse in 2008 which followed the record high.
Emirates National Oil Company (ENOC) and its subsidiary Emirates Gas (EMGAS) co-hosted the first Middle East LP Gas Summit to promote the safe use of Liquefied Petroleum Gas (LPG) in the Middle East.
January 26, 2015
EQUATE Petrochemical Company hosted a number of leaders from Kuwait Petroleum Corporation (KPC) & Subsidiaries during the company’s world record breaking Turnaround (TA).
Following a decision by the Undersecretary of the Ministry of Interior and in conjunction with the Civil Defence of Umm Al Quwain, domestic gas users in the northern emirate of Umm Al Quwain will have new LPG cylinder valves.
Dubai Electricity and Water Authority (DEWA) officially launched the Strategy Pioneers Group in the presence of the Group’s founding partners, at a meeting held at Park Hyatt Dubai.