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.

UAE Nuclear Power Plant Green Light

The country’s first nuclear station will begin construction as the licence is agreed for ENEC and KEPCO.

UAE Ships First Oil Via Fujairah

The UAE aims to increase exports from the new oil terminal as threats to close the Strait of Hormuz rise.

Oman’s Oil Output Drops 4.1%

The country’s oil production fell 4.1 per cent to 27.7 million barrels in June compared to May.

UAE Nuclear Plant Gets Eco Nod

The country’s first nuclear plant receives approval from the UAE’s environmental regulator.

TAQA Gets $355m To Grow In Ghana

The Abu Dhabi-based oil explorer has secured financing to expand in the African country.

UAE Ships First Oil Via Fujairah

The UAE aims to increase exports from the new oil terminal as threats to close the Strait of Hormuz rise.