Abu Dhabi’s National Petroleum Construction Co and French Technip to build offshore oil facilities.
New foreign partners, mainly from the Far East, are being targeted as stakeholders of the future.
Crude oil across the region is down as caution in China has knock-on effect for global oil prices.
The oil giant signs agreement to sell its Vela marine unit to Saudi National Shipping Company.
Key concerns about the European debt crisis offset worries about tighter North Sea supplies.
Qatar’s government is hoping that its nascent non-oil sector will keep the economic engine running.
The new pipeline is expected to end the UAE’s dependence on the shipping route that Iran has threatened to block.
Poor outlook for the US economy and rising supply pushed oil prices to around $92 per barrel on Thursday.
Oil prices briefly fell below $95 a barrel on Tuesday on Eurozone worries, but bounced back again.
The amount will be partly used to construct a fuel pipeline from Jebel Ali to the Dubai Airport.
The Gulf is refining its billion-dollar petrochemicals agenda to supply value-added products across the globe.
The Kingdom’s cabinet has approved authorities to hold discussions with Turkey for a joint electricity grid.
Concerns about the Eurozone debt crisis pushed crude oil prices towards its lowest so far this year on Tuesday.
The $125 billion aid package received by Spain to boost its banks has revived oil demand hopes.
The UAE energy firm has announced a new chairman as it looks to repay a $920 million sukuk.
The African country has invited the UAE to invest in industries relating to oil and gas exploration.
The Kingdom pumped 9.8 million barrels per day last month, down 300,000 bpd from April.
The company currently produces around eight million tonnes of liquefied natural gas a year.
The LNG plant is operating at 100 per cent capability after maintenance shutdowns earlier this year.
The country has signed a ‘permanent headquarters’ agreement with the renewable energy agency.
Expert says GCC governments will not succeed in reaching their goal of a large renewable energy market by 2020.
Despite oil prices falling below $100 a barrel, Saudi Arabia will not cut supplies anytime soon, say experts.
Crude oil prices dropped to nearly $100 per barrel fueled by fears about the Eurozone crisis.
Price of crude oil has dropped on Eurozone debt worries and likelihood of Greece leaving the currency.
Committee approves Dhs755 million infrastructure projects in the UAE’s East Coast and UAQ.
Abu Dhabi oil company signs agreement for EMARAT’s fuel stations across five emirates in the UAE.
Exclusive: Utility company International Power-GDF Suez does not face market concentration in the ME.
The GCC’s share of global aluminium production could reach ten per cent by 2022, but the sector faces hazards.
The Abu Dhabi National Energy Company (TAQA) is studying energy investments in Turkey.
ADNOC’s highest ever offers for naptha contracts are likely to influence Saudi Aramco talks