The company was previously independent from Qatar’s other oil and gas firms
Brent crude futures were down by just over $2 per barrel or about 4 per cent
The cuts came as a surprise to staff, with several recently hired to develop new roles in the Middle East
The ranking assesses cities on the number of green building initiatives and their effectiveness
The licensing round for international oil companies is expected to be launched on Tuesday
Al Shaheen has three joint ventures in oilfield services
Construction of the country’s first nuclear energy plant is now more then 65 per cent complete
Ahmed Saeed al-Calily will oversee Mubadala’s energy portfolio, which includes Mubadala Petroleum and Masdar
The five-year loan will help ENOC fund new projects and expansion plans
The agency said demand growth in 2017 is likely to be flat at around 1.3 million barrels per day
Each plant will generate up to 50MW using photovoltaic technology
Iran plans to sell 600,000 to 800,000 barrels per day to European buyers
The fund said an additional substantial deficit reduction effort is required in the region
The new entity, Nawah, will operate and maintain Units 1 to 4 in Barakah
Edward LaFehrhe was the company’s highest ranking executive after the CEO position was made defunct
The 1000MW project will include five individual facilities
OPEC officials meet in Vienna today
New report by Bank of America Merrill Lynch says transport demand will determine peak
Oil prices rose above the $50 mark for the first time this year last Thursday
Petrol prices have been raised by over 4 per cent while diesel rates are up 10.6 per cent
Supply disruptions and increasing US demand have been cited for the increase
Kuwaiti oil and gas workers went on strike for three days in April
A meeting of the OPEC exporters’ group, including Iran, is scheduled for June 2
Media reports had hinted at the possibility of the two companies merging their petrochemicals businesses
Many companies in the Gulf are trying to cut costs as low oil prices slow economic growth
The 3,319 MW Ibri Sohar-3 power generation scheme is expected to generate 30 per cent of Oman’s electricity
The firm has appointed new chief executives for six of its 18 operating units
Crude prices are struggling to rise despite signs of demand growth, says Reuters columnist John Kemp
An earlier plan to agree on measures to stabilise soaring oil production failed during talks in Doha in April