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: February 4, 2016
INTERNATIONAL. Russians potentially enter any discussions with a weaker hand. The Saudis and their Gulf Arab allies probably can withstand lower prices longer than the Russians. Russia lacks the financial resources the Saudis and their Gulf Arab allies have at their disposal.
Posted: February 3, 2016
UAE. "Dubai's sustainability drive has become a global role model, with district cooling playing a key role," says Empower CEO.
Posted: February 3, 2016
EGYPT. The Egypt Energy Investment Summit will cover central issues including the progress in the renewable energy FIT programme, the 'Build-Own-Operate' projects and the IPP scheme.
Posted: February 3, 2016
OMAN. The contract aligns with PDO's "In County Value" initiative to promote local manufacturing; Integrated approach by PDO on Reciprocating Rod Pump equipment & service will enhance operational efficiency.
Posted: February 2, 2016
INTERNATIONAL. The visible clash of interests from various cartel members combined with an appreciating Dollar has added to oil's woes consequently obstructing any opportunity for a recovery in prices.
Posted: February 2, 2016
INTERNATIONAL. Oil at the eye of the storm during a volatile week; Oil rebound on speculation of Russo/Opec deal; Gold's rally ran out of steam, leaving longs wondering what's next.
Posted: February 1, 2016
UAE. US$500,000, two-year grant announced; This experiential learning program takes youth through the entire startup cycle of creating their own business during an academic year.
Posted: January 29, 2016
IRAQ. The value of the contracts signed totals more than US$1 billion; Technology upgrades, advanced solutions and maintenance to generate added power from MoE's fleet of GE's heavy duty gas turbines across the country.
Posted: January 28, 2016
UAE. Investment in low emission technologies can make huge savings, create competitive business edge, says PA Consulting.
Posted: January 27, 2016
UAE. With an impressive track record of having made accurate market forecasts in previous years, the UAE-based firm has published its annual predications, as they relate to Global assets, financial environments, and markets, for the start of 2016.
Posted: January 27, 2016
UAE. Panel discussion at Abu Dhabi's Global Forum for Innovations in Agriculture to tackle water for food security issue.
Posted: January 27, 2016
UAE. In face of unprecedented price volatility, research reveals 86% of respondents expect oilfield services M&A to increase in the next 12 months, 30% anticipating major surge; Middle East open to overseas oil servicing deals to enhance technology.
Posted: January 26, 2016
INTERNATIONAL. This process will have a dramatic, but, as yet, undetermined impact on the already fractured Middle East and on the increasingly connected global economy.
Posted: January 26, 2016
UAE. "The key to navigating the choppy waters we are currently experiencing in the oil and gas sector is good management of growth, costs, funding and externalities. Get those four factors under control and you give your organisation the best chance of success."
Posted: January 23, 2016
INTERNATIONAL. "It's going to come to a point where there is just going to be no real economical benefit to any kind of production staying at any kind of level in those countries. And once they come off, that's going to obviously support oil prices."

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: February 6, 2016
INTERNATIONAL. PMI: The high cost of low performance shows need for stronger worldwide implementation of project, program and portfolio management.
date:Posted: February 6, 2016
UAE. S&P expects Abu Dhabi's government balance will worsen further based on the ratings agency's updated oil price assumptions; However, the emirate's large net asset position will continue to give it a considerable buffer to support the economy; Continued structural and institutional weaknesses anticipated.
date:Posted: February 5, 2016
INTERNATIONAL. "Saudi regional leadership amounts to exploitation of a window of opportunity rather than reliance on the assets and power needed to sustain it. That window of opportunity exists as long as the obvious regional powers - Iran, Turkey and Egypt - are in various degrees of disrepair."
UAE. S&P expects Abu Dhabi's government balance will worsen further based on the ratings agency's updated oil price assumptions; However, the emirate's large net asset position will continue to give it a considerable buffer to support the economy; Continued structural and institutional weaknesses anticipated.
INTERNATIONAL. "It's going to come to a point where there is just going to be no real economical benefit to any kind of production staying at any kind of level in those countries. And once they come off, that's going to obviously support oil prices."
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