Kuwait’s oil minister Ali al-Omair said that cutting output would not necessarily prop up prices.
The wind farm at Harweel will have a capacity of 50 megawatts, and is expected to begin operating early in 2017.
The lack of a Saudi cut could add to perceptions of traders and analysts that the Kingdom is looking to defend market share, not prices.
Emirates Transport has been meeting the staff transportation needs of ENOC’s group of companies for the last seven years.
The purchases strengthened the Dubai cash price, flipping it into a small premium against its swap for the first time in two months.
The Mirfa IWPP was financed through a mix of bank debt and equity from the shareholders, a statement from ADWEA said.
The deal with Kuwait Foreign Petroleum Exploration Co helps Chevron reduce production risk and gives it more capital to increase drilling in Alberta’s Duvernay shale formation.
The firm aims to raise $25 million in an initial public share offering (IPO).
The refinery could be converted into a storage terminal or might be shut down permanently following the cancellation of the investment, an official said.
The Khazzan project aims to extract around one billion cubic feet (bcf) per day of gas.
Kuwait has invited BP, Total, Royal Dutch Shell, ExxonMobil and Chevron, to bid for an agreement for the northern Ratqa heavy oilfield.
The move comes amid calls from some within the OPEC for action to shore up prices, as international benchmark Brent crude oil has slumped to a two-year low.
Concern over rising OPEC oil supply, weak European and Chinese growth and a stronger dollar pushed Brent to its lowest since June 2012 on Sept 30.
Al Nowais Investments, an Abu Dhabi-based private firm is leading a consortium to build Egypt’s first coal-fired power plant in the Suez area.
The company has had problems recovering payments in Egypt because of political turmoil and said in August that it was working with the Egyptian government to agree a new deal.
The company will operate the North El Salhiya onshore area on a 100 per cent basis, and will partner with British major BP to explore El Matariya on a 50:50 ownership basis.
Abu Dhabi Judiciary and Al Ain Zoo are among the institutions granted licenses to generate electricity through solar power.
The grid has been working since 2009 with trading touching the equivalent of 800,000 mega watts (MW) hour of energy annually.
Oil prices have slid on ample supplies and concern about weakening demand on slowing economic growth in Europe and China.
Oil has fallen from $115 in June, pressured by concern about slowing global demand and higher supplies, raising concern among some oil exporters of lower revenues.
The total value of oil aid to Egypt from Saudi Arabia since July 2013 through September of this year amounted to $5 billion.
The deal for two million barrels a month of Kuwaiti crude was signed with the Arab Petroleum Pipeline Co.
The firm, part of the Al Ghurair Group and one of the largest aluminium product makers in the Gulf, will lift annual output to 100,000 tonnes in the next three to four years.
Masdar bought the stake in a $2.5 billion 402 MW offshore wind project from Norway’s Statoil.
The Dubai entity currently produces 1.1 million tonnes of aluminium per year, with the planned upgrade set to enhance output by 100,000 tonnes when completed.
Brent crude prices have fallen below OPEC’s preferred level of $100 a barrel.
Oil prices in Europe have declined since June as geopolitical concerns wane and key producers pump large amounts into the market.
Sohar Aluminium plans to spend $35 million over the next five years.
The Al Sejeel petrochemical project, one of the world’s largest mixed-feed steam crackers, was scheduled for completion in 2018.
SWCC, also Saudi Arabia’s second largest power producer, now produces 3.6 million cubic meters per day of desalinated water.