Thursday 13 December 2018
 
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Oil

Saudi CEOs optimistic of growth away from oil

Chief executive officers (CEOs) in Saudi Arabia remain moderately optimistic about the growth prospects of the kingdom's economy, as it diversifies away from oil, according to a survey by KPMG Al Fozan & Partners, a leading audit, tax an

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Adnoc, IBM in oil, gas blockchain application deal

Abu Dhabi National Oil Company (Adnoc), a leading energy and petrochemicals group, has announced its successful collaboration with IBM, piloting a blockchain-based automated system to integrate oil and gas production across the full value chain.

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GCC banking outlook for 2019 stable: Moody's

The outlook for Gulf Cooperation Council (GCC) banking systems remains stable, reflecting their improving operating conditions, weakening but still, solid loan performance and strong capital, Moody's Investors Service said in a report.

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Oil slumps to worst loss in 10 years as G20 kicks off

Oil closed out its worst month since the global financial crisis a decade ago, as all eyes turned to this weekend’s G-20 summit for signs that Saudi Arabia and Russia can head off a worldwide supply glut.  

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New oil find studies encouraging: Bahrain minister

Reservoir simulation studies at the Khaleej Al Bahrain basin, where the kingdom discovered some 80 billion barrels of tight oil, have been encouraging and by the end of next year there could be an international company engaged in the first dev

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Aramco signs deals worth $27.5bn with suppliers

Saudi Aramco, the kingdom's oil giant, has signed 31 commercial collaborations with a total value of $27.5 billion with suppliers at the annual In Kingdom Total Value Add (IKTVA) Forum in Dhahran.   Saudi Ara

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Aramco signs deals worth $27.5bn with suppliers

Saudi Aramco, the kingdom's oil giant, has signed 31 commercial collaborations with a total value of $27.5 billion with suppliers at the annual In Kingdom Total Value Add (IKTVA) Forum in Dhahran.   Saudi Ara

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Oil plunges to new three-year low as glut fears grow

Oil notched its biggest weekly loss since the depths of the last price crash, as record Saudi output, pressure from US President Donald Trump and a global stock sell-off intensified crude’s freefall,  reported Blomberg.

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Libya can now play key role in world oil supply dynamics

Libya can play an important role in stabilising the oil price as its production has started to ramp up towards levels not seen since the revolution in 2011, a report said.   The Arab Petroleum Investments Corpora

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Libya can now play key role in world oil supply dynamics

Libya can play an important role in stabilising the oil price as its production has started to ramp up towards levels not seen since the revolution in 2011, a report said.   The Arab Petroleum Investments Corpora

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