The UAE’s Nuclear Energy Efforts Are Full Steam Ahead

Following the Fukushima disaster last year, how can the country learn from those mistakes and ensure it gets its $20 billion project right?

UAE’s Masdar Eyes Saudi Investments

The green energy firm is proactively seeking partnerships in the Kingdom, according to its chief executive.

High Oil Price Worries Saudi, Pledges To Meet Demand

Brent crude oil prices have largely traded in a range of $112-117 a barrel since mid August.

Gulf OPEC Big Three Raise Aug Oil Output By 400,000 bpd

Combined oil output from Saudi Arabia, Kuwait and the UAE rose sharply in August.

Oil Prices Re-enter The “Danger Zone”

As oil prices rise, Western economies face dire days ahead, says Reuters’ John Kemp.

Abu Dhabi Power Project Eyes Bond By End Sept

The Shuweihat 2 plant project may launch a bond as part of a $2.2 billion refinancing plan.

Qatar LNG Producer Rasgas Office PCs Hit By Virus

The company confirmed that operational systems both onsite and offshore are secure and that production is not affected.

ENOC Announces 40 New Petrol Stations For KSA

The Kingdom’s own oil company responds to worsening revenue in the Gulf with new stations.

G7 Urges Higher Oil Output, Warns On Reserves

Finance ministers of the G7 nations said that the West was ready to tap oil reserves to offset rising prices.

UAE To Boost Oil Production Capacity

The country plans to increase crude oil production capacity to 3 million barrels per day over the next few months.

Saudi Aramco Says Virus Damage Fixed; Oil Output Unaffected

A virus infected about 30,000 of the oil producer’s workstations in mid-August, forcing the company to cut off external communications.

World Oil Supply Tightens In Last 2 Months – EIA

Global oil inventories in countries other than Iran fell about 1.2 million barrels per day in July and August.

Glencore’s Bid For Qatar’s Xstrata Wavering

New ratio demand leaves the commodity giant at a loss as potential mining deal looks close to collapse.

Oil Rises On Eurozone Hopes, Supply Worries

Investors are optimistic that the European Central Bank will take action to ease Spanish and Italian borrowing costs.

China’s Domestic Growth To Fuel Gulf Oil Demand

Despite fears of a China slowdown, long term urbanisation will spell growth, says Chris Tedder, research analyst at

Brent Inches Up Toward $114; Eurozone Policy Eyed

Brent crude prices are rising on supply concerns stemming from Middle East tensions and maintenance issues in the North Sea.

Oil Prices Inflate As Speculators Bet On Stimulus

An expected stimulus from the US Federal Reserve, instability in the Middle East and a fall in North Sea output are all spurring oil prices.

UAE Awards Nuclear Fuel Supply Contracts Worth $3bn

The contracts have been awarded to six international companies including Rio Tinto and France’s Areva.

Brent Ends At Three Month High On US Data

Brent oil futures ended at a fresh three-month high on Tuesday as strong US retail sales, tighter North Sea crude supplies and speculation about economic stimulus outweighed weak euro zone data

TAQA H1 Revenues Up 67 %

Abu Dhabi oil company TAQA saw increased profits in H1 2012 owing to strong power and water performance and divested assets.

Dana Gas Reports 79% Rise In H1 Net Profit

The natural gas company saw a boost in profit because of increased production and higher oil prices.

Yemen To Export Jet Fuel As Refinery Output Resumes

The Aden refinery resumed production after halting operations for nine months because of attacks on the country’s main oil pipeline.

FAL Oil Recruits Restructuring Officer For Debt Talks

The UAE-based oil trader looks to hire a CRO as its forced to cut operations in the country by 60 per cent.

Saudi Cuts July Oil Output To 9.8m bpd- Source

The Kingdom reportedly reduced oil output by 300,000 barrels per day from June.

Industries Qatar Q2 Profit Inches Up, Meets Forecasts

The petrochemicals firm posted a net profit of QR2.14 billion in the second quarter of the year.

Australia, UAE Sign Deal For Uranium Sales

The UAE recently granted a licence to Emirates Nuclear Energy Corp for the construction of the country’s first nuclear reactors.

OPEC Oil Output Drops In July On Iran

Supply from OPEC members fell by 450,000 barrels per day (bpd) in July to 31.2 million bpd, a survey has found.

Aluminium Bahrain Q2 Profit Falls 49%

Bahrain’s Alba said that second quarter net profit dropped due to lower prices and higher gas costs.

Oil Below $104 On Eurozone Fears

Oil fell on worries that Spain may be forced to seek a lifeline from international lenders.

Fuelling Volatility In The Gulf

False hope and economic turbulence are threatening the reliability of the GCC’s oil income.