July 18, 2019

Mubadala Petroleum to farmout a 20pc participating interest...

Mubadala Petroleum has signed an agreement with Premier Oil to farmout a 20 per cent participating interest in each of the Andaman I and South Andaman Gross Split Production Sharing Contracts (PSCs). Mubadala Petroleum is the operator of both the Andaman I and adjacent South Andaman PSCs.

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July 15, 2019

Oil prices to influence GCC banks’ performance

Doha: Geopolitics and oil are key for GCC banks for 2019-2020. The GCC banks’ financial profiles should remain stable for the remainder of these years, absent any unexpected geopolitical shock or significant drop in oil prices, S&P’s Midyear 2019 banking outlook noted.

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July 15, 2019

UAE opens solar water pumping station in Yemen

The UAE has opened an integrated solar-powered water pumping station in the district of Naseeb in the Shabwa Governorate of Yemen. The unit will supply water to residents of Dar'aa and Mouriba areas and neighbouring villages.

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July 10, 2019

Oil prices react moderately as slowing global economy softens...

Oil made moderate gains even as it lurks in a stagnant market, with slowing global economic fundamentals weighing down prices.

Brent gained 0.41 per cent and trading at $64.37 per barrel at 1.46pm UAE time on"...

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July 9, 2019

Oil Minister stresses on completing executive mechanism...

SANAA, July 8 (Saba) - Minister of Oil and Minerals Ahmed Daress on Monday stressed the importance of completing the executive mechanism of the national vision to build the modern Yemeni state in the oil and minerals sector.

Daress chaired a meeting included the ministry's"...

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July 8, 2019

Kahramaa’s new projects ensure enhanced customer services...

Doha: Qatar General Electricity and Water Corporation (Kahramaa) has adopted a multi-dimensional and multi-layered approach to enhance its services and service channels for all segments of customers.

“We"...

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July 2, 2019

KOC Awards Halliburton Integrated Offshore Services Contract...

Kuwait Oil Company (KOC) and Halliburton (NYSE: HAL) today announced the companies have signed an Integrated Offshore Drilling Services contract for six high-pressure high-temperature (HPHT) exploration wells on two jack-up rigs in the Arabian Gulf. Through Halliburton Project Management,"...

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June 30, 2019

Oil Minister inaugurates campaign to replace damaged gas...

Minister of Oil and Minerals Ahmed Daress and Deputy Minister of Industry and Trade Mohammed al-Hashemi on Saturday inaugurated a campaign to replace and change damaged gas cylinders with new or renovated ones.

In the inauguration, the oil minister said that the campaign was"...

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June 27, 2019

Chalhoub Group installs Solar Panels in Dubai

Chalhoub Group, the leading partner for luxury across the Middle East completed the installation of over 6,200 solar panels at both its head office and main warehouse in Jebel Ali Free Zone, UAE. The solar panels installation is set to cut 1,750 tons of carbon dioxide emissions per year"...

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June 25, 2019

Yemeni Oil Company employees condemns UN silence on the...

SANAA, June 24 (Saba) - The Yemen Oil Company employees on Sunday demonstrated in front of the United Nations Office in Sana'a to condemning the international silence towards the practices of the coalition of aggression and its continued detention of oil vessels.

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