Tuesday 27 January 2015

3,000 students attend ADSW conference

More than 3,000 students attended the 2015 Abu Dhabi Sustainability Week (ADSW) conference held in Abu Dhabi, UAE. Hosted by Masdar, Abu Dhabi's renewable energy company, the company is committed to educating children about sustainability and the most recent advancements in clean e


Opec, oil companies clash at Davos over price collapse

The Organization of the Petroleum Exporting Countries (Opec) defended its decision not to intervene to halt the oil price collapse, shrugging off warnings by top energy firms that the cartel's policy could lead to a huge supply shortage as investments dry up


Oil export losses to reach $300 billion in Middle East

Losses from lower oil exports should sap up to $300 billion from economies in the Middle East and Central Asia this year, as countries in the region adjust to falling crude prices, the International Monetary Fund (IMF) said.  


Yemen's Masila oilfields pumping again after kidnap protest

Work at Yemen's Masila oilfields in the eastern Hadramout province has resumed, a labour union official said, two days after oil companies suspended operations in protest at the kidnapping of a presidential aide by Shi'ite fighters. &


Atoll Energy to showcase polygeneration innovation

Atoll Energy, a French firm focused on smart thermal grid solutions, is set to unveil its innovation in polygeneration at the World Future Energy Summit to be held in Abu Dhabi next week. The event, hosted by Masdar, will run from January 19 to 22 at the Abu Dhabi National Exhibi


UAE Minister of Energy to open Tank Storage event

Suhail Mohamed Faraj Al Mazrouei, the UAE Minister of Energy, will open the inaugural Tank Storage Middle East exhibition and conference and will also deliver its keynote address next week in Abu Dhabi, UAE.   The exhibition will take place on January 26 and 27, at the Abu Dh


Kuwait to spend $100bn on oil projects

Kuwait will  spend $100 billion on oil projects in the next five years to modernise the sector and increase production, the country's oil minister was quoted as saying. Funds will be spent on various projects related to production, refining, petrochemicals, as well as tr


Oil market will rebalance itself, in time, says Aramco CEO

It will take some time for the oil market to rebalance, but the market will balance itself, the head of Saudi Arabia's state oil company Saudi Aramco said on Wednesday. Expectations of higher oil prices by many investors have been shaken to a large degree, said Saudi Aramco C


Deep Casing Tools opens branch office in Dubai

Deep Casing Tools, a leading oil and gas services firm headquartered in Aberdeen (UK), said it has established its new branch office in the Jebel Ali Free Zone (Jafza) area in Dubai, UAE. Local sales and operational services have contributed to the company’s success and the


Eni CEO urges Opec to act now

The head of Italian energy company Eni Spa urged Opec on Wednesday to act to restore stability in oil prices, which he warned could overshoot to $200 per barrel several years down the road because of low investment now. Claudio Descalzi told Reuters Television he expected prices

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