2008
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Sumitomo to buy 20% of UAE power project
Japanese trading group Sumitomo Corp has agreed to buy a 20% stake in a water and power project... Read full article »
Adnoc cuts benchmark crude price
The Abu Dhabi National Oil Company (Adnoc) has cut the August retroactive official selling price... Read full article »
KSA begins pumping oil from Khursaniyah field
The largest single increment to global oil production capacity for several years is now underway... Read full article »
TAQA buys Dutch oil stake
The Abu Dhabi National Energy Company (Taqa) has announced the purchase of EnCore Oil Nederland... Read full article »
Oil price drops nearly 10%
Oil prices fell by almost 10% yesterday, hitting a five-month low as Hurricane Gustav proved much... Read full article »
Mubadala sets up EPC firm
A new company, Petrofac Emirates, has been set up in Abu Dhabi to provide a full range of onshore... Read full article »
Oil trades near 4-month low
Crude oil traded near a four-month low as Hurricane Gustav has eased after striking the US Gulf... Read full article »
GCC to invest over $320bn in energy by 2018
GCC countries are likely to invest more than $320bn by 2018 to develop oil, gas, power and... Read full article »
UAE ventures in biodiesel
Dubai-based venture capital fund, Alf Yad Limited LLC has invested in EmBio, a capital venture... Read full article »
Iran oil reserve at 85bn barrels
An official at the National Iranian Oil Company said that Iran has more than 85bn barrels of... Read full article »
China inks $3bn Iraq oil deal
China National Petroleum Corporation (CNPC) has signed a $3bn agreement to develop and operate... Read full article »
Oil price moves $2 up
Oil price went up by $2 to near $118 a barrel on Friday as energy companies braced for the entry... Read full article »
Dubai diesel to fall further
Dubai oil retailers - Emirates National Oil Company (Enoc), Emirates Petroleum Products Company (... Read full article »
Jordan to buy French nuclear reactor
Jordan plans to buy a nuclear reactor from a French company soon, reported Jordan Times, citing... Read full article »
Oil rises for third day
Crude oil rose for a third day in New York on concern that Hurricane Gustav may enter the Gulf of... Read full article »
