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 9, 2016
UAE. The MoU promotes cooperation between the two sides in exchanging knowledge and expertise, development of solutions and applications, and enhancing innovation across the UAE and the GCC.
Posted: February 9, 2016
SAUDI ARABIA. TM2500+ aeroderivative mobile units provide "black-start" capability to deliver approximately 180 MW of fast power in isolated desert areas.
Posted: February 8, 2016
UAE. Acquisition leverages significant synergies and strengthens the Gulf Capital Portfolio Company's competitive positioning in the offshore oil and gas manpower services sector.
Posted: February 7, 2016
UAE. The markets are looking for help as the US economy joins the pack with weaker than expected growth; Dollar weakness provides relief for Asia.
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.

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: February 10, 2016
UAE. Low oil prices will constrain the amount of funding available to Gulf sovereigns and banks to support the region's substantial infrastructure bill in coming years; S&P projects a gap as large as $270 billion through 2019 between capital spending for projects and project contracts awarded.
date:Posted: February 10, 2016
UAE. Across the Middle East, educational institutions and providers face a myriad of challenges and opportunities; "Educational organizations are increasingly being asked to demonstrate their wider impact and contribution to goals around employability, social mobility and inclusion."
date:Posted: February 9, 2016
UAE. The YPO Global Pulse Confidence Index for the Middle East and North Africa declined for the fifth consecutive quarter, falling nearly one point to 56.4, below the global confidence level of 58.0; Economic confidence in the UAE fell 7.2 points to 50.3, its lowest score in the six-year history of the index.
UAE. Low oil prices will constrain the amount of funding available to Gulf sovereigns and banks to support the region's substantial infrastructure bill in coming years; S&P projects a gap as large as $270 billion through 2019 between capital spending for projects and project contracts awarded.
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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