26th May, 2013, 08:38
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Oil Gas & Utilities
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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: May 25, 2013
INTERNATIONAL. Oil exporters maintain healthy non-oil growth, oil importers see moderate recovery; Transition countries need resolute actions to maintain economic stability and promote inclusive growth.
Posted: May 23, 2013
IRAQ. Oil production from the field has averaged over 100,000 barrels a day during the previous 72 hours as the Company conducts well and pipeline deliverability tests following its 2012 drilling program and facilities upgrades.
Posted: May 23, 2013
SAUDI ARABIA. Four-day trade event combines four of KSA's top energy-related trade shows to create ideal business-to-business networking platform.
Posted: May 21, 2013
UAE. IMF Regional Economic Outlook Update looks at the implications of the economic roads ahead for the Middle East, North Africa. Afghanistan, and Pakistan (MENAP) region against the backdrop of complex political, social, and economic transitions.
Posted: May 21, 2013
SAUDI ARABIA. First compressor control project in the Kingdom for GE's Measurement & Control business; Haradh facility plays key role in Saudi's oil & gas industry.
Posted: May 21, 2013
UAE. GCC countries are actively investing in using renewable energy as a source of power to produce fresh water; Solar Desalination Forum to be held from 26-28 May 2013 in Abu Dhabi.
Posted: May 17, 2013
UAE. Saudi Arabia's SABIC clinched the number one spot with net profits of US$6.6 billion and US$90.2 billion in total assets; Qatari companies top the banking, industrials, insurance, transport and retail sectors; The real estate sector is back on track.
Posted: May 17, 2013
UAE. New alliance to explore potential development of US$1.5 billion in carbon capture, renewable energy, desalination and cleantech venture capital projects.
Posted: May 16, 2013
UAE. MoU will explore finance opportunities of up to US$2 billion in U.S. renewable-energy products and services that Masdar will implement across global markets.
Posted: May 16, 2013
Forbes Middle East rankings are based on the quality of standards set globally by Forbes Media, U.S.
Posted: May 15, 2013
UAE. The awards evening was a inspirational gathering, stirring budding entrepreneurs to aspire to brilliance and well-established businesses to expand their horizons, collaborate with the best in the region, and win.
Posted: May 15, 2013
UAE. IPIC's Khalifa Abdulla Al Romaithi assumes post from ENOC's Saeed Abdulla Khoory
Posted: May 14, 2013
INTERNATIONAL. North America will provide 40% of new supplies to 2018 through the development of light, tight oil and oil sands, while the contribution from OPEC will slip to 30%.
Posted: May 14, 2013
KUWAIT. OPEC held its forecast for growth in world demand unchanged at 0.80 million bpd, and repeated a warning that the rate of oil consumption could underperform.
Posted: May 14, 2013
INTERNATIONAL. The Kuwait Investment Office, Borealis Infrastructure Management Inc. and Universities Superannuation Scheme have approached the utility regarding a possible bid.
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RedditMIDDLE EAST BUSINESS COMMENT & ANALYSIS
date:Posted: May 25, 2013
INTERNATIONAL. Oil exporters maintain healthy non-oil growth, oil importers see moderate recovery; Transition countries need resolute actions to maintain economic stability and promote inclusive growth.
date:Posted: May 24, 2013
INTERNATIONAL. A currency war is different from any other kind of conventional war in that the object is to kill oneself. The nation that succeeds in inflicting the most damage on its own citizens wins the war. The only real way to win is not to play.
date:Posted: May 23, 2013
UAE. Stock market indices racing ahead but GDP figures do not support the euphoria and commodity outflows fuel the rally; Is there too much liquidity in the banking system?
INTERNATIONAL. Oil exporters maintain healthy non-oil growth, oil importers see moderate recovery; Transition countries need resolute actions to maintain economic stability and promote inclusive growth.
INTERNATIONAL. Nothing new is coming online anytime soon and movement on developing renewable energy resources has been sadly inadequate. The idea that shale reservoirs will lead the US to energy independence will soon enough be recognized as unrealistic hype.
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