Oil & Energy

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A sky view of Mecca, Saudi Arabia
May 16, 2013 - 14:36 GMT
Saudi Arabia will continue to make the most of the competitive advantage presented by its hydrocarbon reserves despite rising US shale oil production.

May 16, 2013

Mr. Abdulla Hassan Al Noman, Manager, Retail Sales Operations at Emarat
07:13 GMT

Emirates General Petroleum Corporation has launched a new “Spend & Win” promotional campaign to offer shoppers at its various service stations the chance to win valuable prizes.

May 15, 2013

Masdar
12:28 GMT
(press release)

Masdar and the Export Import Bank of the United States signed a Memorandum of Understanding in which they will explore opportunities to structure and deploy up to $ 2bn worth of Ex-Im Bank’s finance supporting U.S. exports to Masdar’s future projects.

 UAE researchers discover biodiesel to run motor engines
10:31 GMT

UAE researchers have discovered the oil extracted from microalgae as a promising alternative to diesel, saying it can run motor engines effectively without any modifications.

The group’s net production averaged 61,400 barrels of oil
10:27 GMT

Revenue from the sale of hydrocarbons during the period was Dh557 million ($152 million).

May 14, 2013

ENOC
10:14 GMT
(press release)

Emirates Gas is hosting the Compressed Natural Gas Forum 2013.

EQUATE President & CEO Mohammad Husain
09:56 GMT
(press release)

EQUATE Petrochemical Company said that Gulf countries export over 80% of their petrochemical production.

RAK Petroleum
05:45 GMT

RAK Petroleum Public Company Limited yesterday announced that its shareholders had approved plans to restructure the Company and its subsidiaries and seek a listing on an international stock exchange.

May 13, 2013

Campaign poster
18:55 GMT

Dubai tops the list of cities with the brightest future, followed by the two North American cities of Calgary and Denver

The Organization of the Petroleum Exporting Countries’
14:10 GMT

Opec crude oil output rose in April from its lowest monthly level in more than a year due to the resolution of export disruptions in Iraq and Libya and a rise in Iranian sales

Gasoline prices needed to rise in line with those of its neighbours
13:58 GMT

Libya will join its neighbours in tackling sensitive fuel market reforms and plans to do away with all subsidies within three years, Oil Minister Abdelbari Al Arusi said.

RAK Petroleum plant
11:53 GMT

RAK Petroleum’s assets include a 42.8 per cent holding in Norwegian oil company DNO International ASA.

Country will be “lucky to go past” its current oil production of about 9 mbpd by 2020
10:09 GMT

Saudi Arabia’s energy minister said the kingdom has no plans to dramatically expand its oil production capacity to 15 million barrels per day

May 12, 2013

The GCC projects industry is expected to have another stellar year in 2013
12:49 GMT

The GCC projects industry is expected to have another stellar year in 2013 as the value of contracts to be awarded is expected to reach $1.35 trillion by year-end, significantly higher than the $ 730 billion total last year.

The exhibition will showcase the latest technology in energy management
11:15 GMT

Bahrain will host the Energy Management Conference and Exhibition 2013

Commerce and Industry Minister Tawfiq Al-Rabiah speaks at the Forum for Indigenization of Electrical Equipment Industry in Riyadh.
10:54 GMT

Commerce and Industry Minister Tawfiq Al-Rabiah has commended the keenness of Saudi Electricity Company (SEC) to encourage national industries through the purchase of electrical products in the Kingdom.