Tuesday 25 April 2017
 
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Oil

UAE sees healthy oil demand from emerging markets

The UAE sees a healthy level of demand for crude oil in the future from emerging economies in Africa and Asia and the country will remain commercially-minded in its strategic oil investments, said Suhail bin Mohammed Faraj Al Mazrouei, UAE Minis

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Strategic investments vital to meet global energy demand

Saudi Aramco’s long-term strategy of continued investment in core oil and gas projects, downstream and chemicals is necessary to help meet future energy demand and enable the successful transition of the global economy as the market rebala

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Abu Dhabi villa prices down 9pc in Q1

Average apartment sales prices in Abu Dhabi fell by one per cent in Q1 2017 while villa prices dropped by nine per cent amid  public and private sector downsizing, as a result of the static oil and gas sector, according to the Abu Dhabi Res

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Lebanon on target with first licensing round

Lebanon is on target with its first licensing round and oil and gas companies still have a big appetite for investing in the country, Wissam Chbat, chairman of the board of the Lebanese Petroleum Administration (LPA), has said.  

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Oil prices move towards $56

Brent crude oil price rose towards $56 a barrel today (April 10), supported by the tension over Syria following the US missile strike and another shutdown at Libya's largest oilfield. Brent crude rose 68 cents to $55.92, not f

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Kuwait’s Lower Fars Phase I to be completed in 2019

Kuwait expects to start commissioning Phase I of the Lower Fars Heavy Oil Development facility project by August 2018 with turnover in May 2019, said Badria Ali Abdul Rahman, deputy CEO (NK), Kuwait Oil Company (KOC). Speaking ahead of

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Kuwait’s Lower Fars Phase I to be completed in 2019

Kuwait expects to start commissioning Phase I of the Lower Fars Heavy Oil Development facility project by August 2018 with turnover in May 2019, said Badria Ali Abdul Rahman, deputy CEO (NK), Kuwait Oil Company (KOC). Speaking ahead of

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Kuwait working on $234bn construction projects

With $234.4 billion worth of active construction projects and $34 billion worth of developments in the concept or design phase, the construction sector in Kuwait is poised for solid growth this year despite low oil prices, said a report.

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Kuwait working on $234bn construction projects

With $234.4 billion worth of active construction projects and $34 billion worth of developments in the concept or design phase, the construction sector in Kuwait is poised for solid growth this year despite low oil prices, said a report.

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Fujairah beaches cleared of oil slick

An oil spill along the coast of Fujairah has been cleared up by the Dibba Municipality and teams from various hotels across the coast. Beaches were cordoned off earlier this week as they were unsafe for guest access. The oil sp

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