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: August 20, 2014
INTERNATIONAL. The armed wing of Hamas, engaged in a six-week war with Israel, said on its website it had fired two rockets at Noa, a gas well owned by Nobel Energy and Delek.
Posted: August 20, 2014
UAE. "Bringing in institutional funds is a key part of the board's strategic capital markets plan," Samir Fancy, Topaz's chairman, said in a statement.
Posted: August 15, 2014
KUWAIT. Kuwait confirms the network layout for its new US$20 billion metro with construction due to begin in 2017; KNPC to invest US$35 billion on expanding oil and gas projects over the next five years.
Posted: August 11, 2014
INTERNATIONAL. Multiple geopolitical worries halted the slide in crude oil and gave precious metals a lift while industrial metals took stock following disappointing data from China and Europe.
Posted: August 11, 2014
UAE. Al Jaber Group is planning a sale of its transportation and lifting unit to help repay loans, according to people with knowledge of the matter.
Posted: August 11, 2014
SAUDI ARABIA. Higher public spending and robust credit growth should support non-oil growth with construction, transport, manufacturing and retail sectors in the lead; A slowdown in global growth and geopolitical tensions constitute key risks, though they are less acute and more evenly balanced than in recent years.
Posted: August 10, 2014
UAE. "The 25-year contract between Crescent Petroleum and NIOC is valid and binding upon the parties."
Posted: August 7, 2014
INTERNATIONAL. Brent for September settlement traded at US$104.62 a barrel on the London-based ICE Futures Europe exchange; WTI for September delivery traded at US$96.55 a barrel, the lowest since Feb. 4.
Posted: August 7, 2014
INTERNATIONAL. Nigeria and South Africa dominate the infrastructure market; A substantial increase in spending in the basic manufacturing sector is expected in sub-Saharan Africa.
Posted: August 6, 2014
UAE. 2Q 2014 gross revenues of US$187 million and gross profit of US$85 million, 30% and 35% higher than 2Q 2013 respectively; Strong production growth of 17% in 2Q 2014 to 72,200 boepd; Interim relief award in Kurdistan Region.
Posted: August 6, 2014
UAE. UAE. Infrastructure project awards across the GCC are forecast to exceed US$ 86 billion in 2014, as rail projects take centre stage.
Posted: August 5, 2014
INTERNATIONAL. I think one of the big fallacies in people's thinking about the Iraqi oil sector has been the focus on who's making money producing the oil. The bigger impact is on consumers.
Posted: August 5, 2014
INTERNATIONAL. Africa needs to add an extra 300 gigawatts (GW) of power generating capacity over the next 15 years in order to meet demand.
Posted: August 5, 2014
INTERNATIONAL. GE revenues exceed US$5.2 billion across 30 African countries in 2013; Africa has emerged as the most promising growth region for GE
Posted: August 4, 2014
JORDAN. Elects to divest stake in project that it co-developed, attracting foreign institutional investors.

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: August 20, 2014
UAE. Rising geopolitical tensions and slowing global growth; GCC markets remain steady in spite of increased global volatility; Commodity prices soft on China bank data.
date:Posted: August 20, 2014
UAE. "In the short term, Erdogan's election signals a sign for continuity for Turkey. However, in the medium to longer term, questions remain. As in any political arena, a concentration of power and reduction of checks and balances carries negative risks."
date:Posted: August 20, 2014
UAE. Dubai has a bold vision to become the world's most visited city by 2020. The Director of Dubai's Tourism department, Helal Saeed Almarri, discusses how his team will make it happen.
INTERNATIONAL. I think one of the big fallacies in people's thinking about the Iraqi oil sector has been the focus on who's making money producing the oil. The bigger impact is on consumers.
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