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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: November 20, 2009
INTERNATIONAL. Major world powers are to meet in Brussels on Friday to discuss Iran's rejection of a nuclear fuel deal, a top EU official said, after US President Barack Obama warned of "consequences" for Tehran.
Posted: November 18, 2009
INTERNATIONAL. AREVA's Transmission and Distribution division announces the launch of its Electrica Awards, the first international innovation contest in the transmission and distribution industry.
Posted: November 17, 2009
KUWAIT. OPEC will leave its production unchanged at its meeting next month, the Minister said, adding that current oil price was 'comfortable'.
Posted: November 14, 2009
UAE. The Port of Fujairah, the biggest refueling center for ships in the Middle East, will ban single-hull oil tankers from next year, potentially spurring demolition of the vessels and limiting supply.
Posted: November 13, 2009
INTERNATIONAL. Demand for oil is surprisingly strong as China and the United States lead global economic recovery, but rising oil prices and mysteries in the data could derail the trend.
Posted: November 12, 2009
QATAR. Standard & Poor's Rating Services said today that it affirmed its 'A+' long-term corporate credit rating on Qatar-based liquefied natural gas shipping company Nakilat. Outlook Stable.
Posted: November 12, 2009
BAHRAIN. Bahrain-based Instrata Capital has announced that it has joined a leading consortium of investors including GDF SUEZ and Gulf Investment Corporation.
Posted: November 11, 2009
QATAR. Qatar Petroleum International (QPI) and Shell Eastern Petroleum have sealed agreements in which QPI takes stakes in two Shell Chemicals joint ventures in Singapore.
Posted: November 11, 2009
UAE. Abu Dhabi National Energy Company today reported financial results for the third quarter and the first nine months of 2009.
Posted: November 11, 2009
BAHRAIN. Mubadala and the National Oil and Gas Authority of Bahrain announced the creation of a new joint operating company, Tatweer Petroleum, which will serve as the operator for the Bahrain field.
Posted: November 10, 2009
UAE. Global experts and local stakeholders taking part in the Environment and Water Workshop organised by Dubai Institute of Technology -TechnoPark.
Posted: November 9, 2009
UAE. Abu Dhabi's investment company Mubadala said its commercial finance joint venture with General Electric was aiming for up to US$5 billion in business next year.
Posted: November 7, 2009
IRAQ. The consortium, which also includes Royal Dutch Shell, agreed to boost production from West Qurna oil field from its current level of 160,000 barrels per day (bpd) to 2.325 million bpd over the course of its 20-year contract.
Posted: November 7, 2009
MOROCCO. Germany plans to help Morocco develop a water-desalination plant and electricity generators using solar power as part of a larger program to expand the use of renewable energy.
Posted: November 7, 2009
INTERNATIONAL. Roubini said oil's jump to US$80 a barrel is unjustified and that a run to US$100 may cause economic stress the way record highs near US$150 did last year.

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: November 19, 2009
INTERNATIONAL. A majority of investors expects the US Federal Reserve to hold off from raising interest rates until the second half of 2010, according to the BofA Merrill Lynch Survey of Fund Managers for November.
date:Posted: November 19, 2009
INTERNATIONAL. Faber said, considering the size of the stimulus packages and the monetary printing, the US economy hasn't responded well. What have responded well are asset markets but unemployment is horrrible and the typical household is suffering.
date:Posted: November 18, 2009
INTERNATIONAL. The global health industry is worth around US$4.2 trillion. As GCC countries continue to develop world class healthcare systems, they must avoid pitfalls of the developed markets, according to AT Kearney.
UAE. Dubai ruler Sheikh Mohammed Bin Rashid Al-Maktoum tightened the control of the emirate's largest holding company, the Investment Corporation of Dubai.
INTERNATIONAL. This situation gives rise to increasingly positive prospects for gold and other commodities that may ultimately stand in as the world's reserve currency. And there are some pretty hot speculative prospects - Louis' 'best of the best' - waiting in the wings for the market's next big leg down.