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Oil Gas & Utilities

FEATURED REPORT...
Posted: 10-08-2011
INTERNATIONAL. Saudi Arabia pumped the most oil in three decades last month, reaching 9.8 million barrels a day and boosting OPEC production, the International Energy Agency said. Increased output in Angola helped replace lower supply in Libya. Daily supply from the 11 Organization of Petroleum Exporting Countries members bound by quotas rose to 27.37 million barrels a day in July from 27.22 million in June, the Paris-based IEA said today in its monthly oil market report. “Output has regained levels close to those seen before the Libyan crisis, although OPEC spare capacity now stands at
Posted: August 27, 2015
INTERNATIONAL. Offers new growth opportunities by creating the industry's first complete drilling and production systems; Integrates complementary downhole and surface offerings through software optimization and automation.
Posted: August 26, 2015
UAE. Cyberattacks on industrial systems in the Internet of Things era could shut down oil and gas, utilities, and transportation systems.
Posted: August 25, 2015
INTERNATIONAL. OPEC next gathers December 4 in Vienna, just over a year since Saudi Oil Minister Ali Al-Naimi announced at the previous OPEC winter meeting the Saudi decision to let the oil market determine oil prices rather than to continue Saudi Arabia's role of guarantor of US$100+/bbl oil.
Posted: August 24, 2015
UAE. The continuation of low energy prices is impacting both optimism and risk appetite in the Middle East, finds Deloitte report. Optimism in UAE drops to a net 46% from net 61% previously.
Posted: August 21, 2015
UAE. Dr. Daniel Yergin to present "Big Picture" of industry's future to global gathering of petroleum executives.
Posted: August 21, 2015
QATAR. Largest single order for Siemens WLL in Qatar to date; Substations are required for infrastructure development projects due to upcoming FIFA World Cup 2022 and Qatar National Vision 2030.
Posted: August 19, 2015
INTERNATIONAL. The acquisition of the management consulting arm of Schlumberger will expand Accenture strategy capabilities in upstream oil and gas.
Posted: August 18, 2015
UAE. Energy usage in the UAE has grown at an annual average of 4% over the past 6 years, with projections that it will increase to 5% through 2020; An integrated energy efficient strategy comprising of three key aspects - smart cities, building efficiency and water usage can significantly reduce consumption.
Posted: August 18, 2015
INTERNATIONAL. Survey finds companies and sector stakeholders optimistic about a range of key African electricity issues.
Posted: August 16, 2015
KUWAIT. The sharply lower oil price environment since mid-2014 significantly reduced S&P's forecast of Kuwait's fiscal and external surpluses. However, Kuwait has built up very large fiscal and external net asset positions over many years, which will help it weather the current environment; The outlook is stable.
Posted: August 15, 2015
INTERNATIONAL.The Saudi miscalculation has several sources. One is the negative feedback loop between oil production, GDP, and national budgets that plagues many non-Western oil producers. As a result, the revenue shortfalls incentivize them to produce as much oil as possible to mitigate the shortfall.
Posted: August 14, 2015
INTERNATIONAL. Thanks to its generous public spending and a costly war in Yemen, one of the major worries for Saudi Arabia is that it is burning through its foreign reserves at an alarming pace. According to the IMF, Saudi Arabia's fiscal deficit could rise to around $140 billion by this year end.
Posted: August 13, 2015
INTERNATIONAL. Monthly output up 120,000 b/d from June; Saudi Arabia supply climbed 100,000 b/d to 10.45 million; Angola, UAE and Iran increased by 50,000, 30,000 and 20,000 b/d.
Posted: August 13, 2015
INTERNATIONAL. Hedge funds are fleeing gold-backed ETPs as the fear of a prolonged, oil-style rout makes its way through world markets; Surprise event could see massive short covering.
Posted: August 12, 2015
INTERNATIONAL. World Bank report projects lower export earnings and revenue for MENA's other oil exporters, such as the Gulf States and Libya, while oil importers in the region, such as Egypt and Tunisia, will benefit from lower world prices.

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: August 27, 2015
UAE. Exponential's insight provides tangible tips for driving "active attention" amongst consumers.
date:Posted: August 27, 2015
UAE. The rate of decline is however easing and is expected to continue to decelerate over the remainder of the year, according to ValuStrat's Q2 2015 Dubai Real Estate Market Report.
date:Posted: August 26, 2015
UAE. "Using a per unit of value job creation metric, we extrapolate that the number of jobs created in the real estate sector will rise by approximately 60% in the next five years."
UAE. The rate of decline is however easing and is expected to continue to decelerate over the remainder of the year, according to ValuStrat's Q2 2015 Dubai Real Estate Market Report.
UAE. NY Times bestselling author Daniel Pink's team has developed a set of workshops based on his bestselling book, Drive, that are now being delivered across the GCC by CLCC.
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