Thursday 26 May 2016
 
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oil industry

Saudi Arabia presents plan to move beyond oil

Saudi Arabia outlined ambitious plans on Monday to move into industries ranging from information technology to health care and tourism, as it sought to convince international investors it can cope with an era of cheap oil. A meeti

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Saudi Arabia presents plan to move beyond oil

Saudi Arabia outlined ambitious plans on Monday to move into industries ranging from information technology to health care and tourism, as it sought to convince international investors it can cope with an era of cheap oil. A meeti

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Oil industry's nightmare dream come true for EU drivers

Europe's drivers are in for a winter treat as plummeting oil prices and a surplus of distillates are set to pressure diesel pump prices that are already at six-year lows. Oil firms and commodity-reliant nations are smarting fr

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Oil industry's nightmare dream come true for EU drivers

Europe's drivers are in for a winter treat as plummeting oil prices and a surplus of distillates are set to pressure diesel pump prices that are already at six-year lows. Oil firms and commodity-reliant nations are smarting fr

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Iran invites foreign firms to develop its oil industry

Iran is inviting foreign investors to actively develop the Opec member's energy industry after implementation of a historic nuclear deal reached between Iran and six global powers, deputy Oil Minister Rokneddin Javadi told Reuters on Thursda

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M2M device numbers in oil industry peak in 2013

The number of devices with cellular or satellite connectivity deployed in oil & gas applications worldwide reached 423,000 at the end of 2013, a report said. Growing at a compound annual growth rate (CAGR) of 21.4 per cent, th

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Rosneft bids for BP stake in Russia firm

  State oil firm Rosneft tightened its grip on the Russian oil industry on Thursday, lodging a cash and shares bid for British oil company BP's 50 percent stake in the country's third-largest oil producer, TNK-BP.

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Asset integrity 'key to oil industry expansion'

The oil sector is currently booming with billions of dollars being invested in new fields across the Middle East. But these developments could result in disasters if the industry does not concentrate on investing in asset integrity, said experts

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Middle East oil industry 'on major reform path'

The downstream petroleum industry is witnessing a diversification phase, transforming the Middle East from an exporter of crude to an exporter of finished products, said a senior government official. Bahrain, where oil was first d

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Dutch firm opens regional HQ in Dubai

The Netherlands-based Doedijns Group, a leading player in the field of hydraulics, instrumentation, pneumatics and controls, has opened its headquarters for Middle East and Africa (MEA) region in Dubai. The new full service

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