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Oil Gas & Utilities

FEATURED REPORT...
Posted: 19-12-2008
INTERNATIONAL. Analysts surveyed by Bloomberg News were split over whether prices will rise or fall in the coming weeks amid surging US inventories and OPEC production cuts. Some 11 of 30 analysts surveyed by Bloomberg News, or 37%, said futures will decline up to 26 December. Another 11 said that prices will increase, and eight or 27%, said there would be little change. Last week 53% expected a gain. US crude-oil supplies rose in 11 of the past 12 weeks, according to a US Energy Department report this week. Fuel consumption during the four weeks ended 12 December av
Posted: September 2, 2010
UAE. EPC works for Abu Dhabi's Inter Refinery Pipelines Project; Contract worth US$623 Million.
Posted: September 1, 2010
UAE. Taqa said in a statement it will fight Barker- Homek's suit and what it called "spurious allegations."
Posted: September 1, 2010
UAE. Masdar, renewable energy industry and UK businesses to meet in October for European Future Energy Forum and Abu Dhabi Investment Forum.
Posted: August 31, 2010
INTERNATIONAL. Funds to be distributed through the Red Crescent .
Posted: August 31, 2010
INTERNATIONAL. BP had planned to begin Monday removing the so-called blowout preventer from the busted well and replace it.
Posted: August 31, 2010
SAUDi ARABIA. Active Risk Manager (ARM), the leading ERM software from Strategic Thought Group, a CMCS partner in the region, has been selected by Aramco.
Posted: August 30, 2010
SAUDI ARABIA. Dr Yamani, the former Minister of Commerce & Industry was appointed as the President of the newly established King Abdullah City for Atomic & Renewable Energy.
Posted: August 29, 2010
UAE. Gulf Navigation may acquire two very large crude carriers, or VLCCs, this year the company's chief executive officer said.
Posted: August 29, 2010
SAUDI ARABIA. Refinery will be shut for 4-5 weeks to bring on stream clean fuel project.
Posted: August 28, 2010
INTERNATIONAL. Lukoil and Statoil sealed the 20-year deal to develop the West Qurna Phase Two, in an auction in December.
Posted: August 28, 2010
Egypt. Egypt aims to set up four nuclear plants by 2025, with the first to start operating in 2019.
Posted: August 28, 2010
INTERNATIONAL. Oil prices soared beyond US$75 per barrel on Friday after US central bank chief Ben Bernanke managed to soothe growth concerns.
Posted: August 26, 2010
INTERNATIONAL. Top Iraqi oilmen debate "ambitious" targets at Istanbul conference.
Posted: August 26, 2010
UAE. TAQA to control 60% of Dutch gas project from current 36%; Takes on stake from Dyas, EBN and Petro-Canada.
Posted: August 24, 2010
UAE. The project is part of the US$12 billion Shah sour gas field development which is essential to meet Abu Dhabi's surging gas demand.

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: September 2, 2010
INTERNATIONAL. The triangle pattern has taken nearly 9 months so far, and a move over US$19.50 could start a multi-month run targeting US$26-US$29 per ounce for starters before a broad pullback.
date:Posted: September 1, 2010
UAE. Given the recent developments in Saudi Arabia and India, there is now a greater level of hope that the TRA and RIM will reach an agreement about the manner in which BB Messenger services are provided.
date:Posted: September 1, 2010
UAE. GCC Telecom markets are on the verge of saturation, while prices decline due to increasing competition, resulting in telcos profits being under very high pressure.
INTERNATIONAL. Masood Ahmed, Director of the IMF's Middle East and Central Asia Department, described the flooding as a "human catastrophe that is still evolving." Reconstruction costs expected to run into billions of dollars.