2008
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Costs to affect Gulf energy expansions
The cost of expanding energy capacity in the Middle East has risen as interbank lending rates... Read full article »
Iran eyes $4bn gas pipeline to Europe
Iran is seeking to build a $4bn natural-gas pipeline to the European Union, reported Bloomberg.... Read full article »
MENAdrill to buy new oil rigs
MENAdrill, an oil and gas drilling services company launched by Bahrain-based First Energy Bank... Read full article »
Shell inks deal for gas venture in Iraq
Iraq signed a multi-billion dollar natural gas deal with Royal Dutch Shell on Monday, reported... Read full article »
Masdar buys $174m stake in wind turbine maker
Masdar, Abu Dhabi's multi-billion dollar renewable energy and clean technology initiative, today... Read full article »
Taqa to invest $2.5bn in North Sea production
Abu Dhabi National Energy Company (TAQA) plans to invest up to 2.5bn over next 4-5 years to... Read full article »
Record-breaking jump in oil prices
Oil prices spiked more than $25 a barrel Monday - the biggest one-day price jump ever - as... Read full article »
Diesel prices lowered in Dubai again
Dubai oil retailers Emirates National Oil Company (Enoc), Emirates Petroleum Products Company (... Read full article »
Siemens wins $147m Saudi contract
Saudi property developer Emaar Economic City has awarded German Siemens a $147.5m contract,... Read full article »
IEA decides not to release reserves
The International Energy Agency and the US government have decided there is no need to release... Read full article »
Oil shoots up then drops
Oil prices has risen sharply for a second day running on Friday as it bounced above $102 due to... Read full article »
Iran to spend $22bn to boost refining capacity
Iran plans to invest $22bn to construct seven refineries and add more than 1.5 million barrels-a-... Read full article »
Aabar Petroleum appoints new chairman
The board of directors of Abu Dhabi-based Aabar Petroleum yesterday elected Khadem Al Qubaisi as... Read full article »
Goldman cuts oil forecast
Goldman Sachs has cut its forecast for crude oil prices in New York, saying the market has '... Read full article »
Opec trims 2009 demand forecast
Opec has lowered its forecast for 2009 oil demand as the global economic slowdown cuts fuel... Read full article »
