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Oil Gas & Utilities

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 19, 2015
INTERNATIONAL. The acquisition of the management consulting arm of Schlumberger will expand Accenture strategy capabilities in upstream oil and gas.
Posted: August 18, 2015
UAE. Energy usage in the UAE has grown at an annual average of 4% over the past 6 years, with projections that it will increase to 5% through 2020; An integrated energy efficient strategy comprising of three key aspects - smart cities, building efficiency and water usage can significantly reduce consumption.
Posted: August 18, 2015
INTERNATIONAL. Survey finds companies and sector stakeholders optimistic about a range of key African electricity issues.
Posted: August 16, 2015
KUWAIT. The sharply lower oil price environment since mid-2014 significantly reduced S&P's forecast of Kuwait's fiscal and external surpluses. However, Kuwait has built up very large fiscal and external net asset positions over many years, which will help it weather the current environment; The outlook is stable.
Posted: August 15, 2015
INTERNATIONAL.The Saudi miscalculation has several sources. One is the negative feedback loop between oil production, GDP, and national budgets that plagues many non-Western oil producers. As a result, the revenue shortfalls incentivize them to produce as much oil as possible to mitigate the shortfall.
Posted: August 14, 2015
INTERNATIONAL. Thanks to its generous public spending and a costly war in Yemen, one of the major worries for Saudi Arabia is that it is burning through its foreign reserves at an alarming pace. According to the IMF, Saudi Arabia's fiscal deficit could rise to around $140 billion by this year end.
Posted: August 13, 2015
INTERNATIONAL. Monthly output up 120,000 b/d from June; Saudi Arabia supply climbed 100,000 b/d to 10.45 million; Angola, UAE and Iran increased by 50,000, 30,000 and 20,000 b/d.
Posted: August 13, 2015
INTERNATIONAL. Hedge funds are fleeing gold-backed ETPs as the fear of a prolonged, oil-style rout makes its way through world markets; Surprise event could see massive short covering.
Posted: August 12, 2015
INTERNATIONAL. World Bank report projects lower export earnings and revenue for MENA's other oil exporters, such as the Gulf States and Libya, while oil importers in the region, such as Egypt and Tunisia, will benefit from lower world prices.
Posted: August 8, 2015
INTERNATIONAL. The collapse of prices in July - owing to the Iran deal and over production - have darkened the mood. Now a prevailing sense that oil prices may stay lower for longer has hit the markets.
Posted: August 6, 2015
UAE. With the recent deregulation of oil prices, electric vehicle charging stations opening up around Dubai and talk of privileges for eco-friendly car drivers, will hybrid and electric vehicles take over the roads?
Posted: August 6, 2015
IRAQ. Gulftainer's Umm Qasr Logistics Centre in Basra safely stores specialist cargo.
Posted: August 6, 2015
UAE. S&P continues to expect that the likelihood of extraordinary support to Mubadala Development Co. from the Abu Dhabi government would be almost certain if Mubadala comes under financial stress.
Posted: August 5, 2015
UAE. MEASA's leading technology showcase extends footprint to ICT professionals in oil & gas, education, healthcare, retail, banking and construction.
Posted: August 4, 2015
UAE. Regional decision makers to gather at biennial Offshore Marine & Work Boats conference as industry looks to future proof commercial potential.


date:Posted: September 4, 2015
UAE. The Middle East's 16 largest centres of economic growth could have substantial risk from a series of threats over the next decade, according to research for Lloyd's.
date:Posted: September 4, 2015
IRAQ. Iraq benefits from massive oil reserves and exports; Projected large increases in production will support economic growth and help alleviate fiscal and external pressures.
date:Posted: September 4, 2015
EGYPT. A new IFC-supported report by Wamda Research Lab finds that although support for start-ups has grown substantially, many challenges remain, hindering job creation and economic growth.
EGYPT. A new IFC-supported report by Wamda Research Lab finds that although support for start-ups has grown substantially, many challenges remain, hindering job creation and economic growth.
INTERNATIONAL. Suspected anchors on the gold price, such as an interest rate increase and devaluation of the yuan, could actually be a rallying cry for commodities, he says in this interview with The Gold Report.