UAE
News
February 11, 2015
TAM International has recently hired Scott Myers as Middle East Manager and Edward Wharam as Country Manager for Indonesia and Malaysia.
News
February 10, 2015
Occidental Petroleum, the second- largest independent U.S. oil producer, agreed to a $500 million oil exploration project with Abu Dhabi over two years.
News
February 09, 2015
DUBAI (Bloomberg) -- Abu Dhabi National Oil is seeking final bids by Feb. 10 for concessions to the emirate’s largest onshore fields, said Abdullah Nasser Al Suwaidi, director general of the state-owned company.
News
February 05, 2015
Inpex Corp., through its wholly owned subsidiary, Japan Oil Development Co., commenced oil production from Nasr field, offshore Abu Dhabi, the United Arab Emirates, on Jan. 24.
News
February 05, 2015
Rod Starr has now assumed the role of CEO of Polarcus, the company has confirmed.
News
February 04, 2015
ABU DHABI (Bloomberg) -- Abu Dhabi, the desert emirate holding about 6% of the world’s oil, cut export prices for its crude for the seventh consecutive month and to the lowest since 2009 amid a global price slump.
News
February 04, 2015
DUBAI -- Lamprell has completed construction on the jackup rig 'Jindal Pioneer' and its delivery to Dev Drilling of Singapore, a D. P. Jindal Group, on time and within budget.
News
January 29, 2015
Total has signed a new 40-year onshore concession agreement that covers the fifteen principal onshore oil fields of Abu Dhabi and represents more than half of the Emirate’s production.
News
January 26, 2015
The United Arab Emirates will continue building and upgrading its oil facilities to maintain its role as a major producer amid the decline and volatility in prices, Energy Minister Suhail Al Mazrouei said.
News
January 21, 2015
ABERDEEN, United Kingdom -- Deep Casing Tools has announced the establishment of new branch office in the Jebel Ali Free Zone (JAFZA) area in the United Arab Emirates.
News
January 14, 2015
KUWAIT CITY and ABU DHABI (Bloomberg) -- Oil oversupply that sent prices to a five-year low will probably persist until at least the second half when demand is set to recover, according to Kuwait’s oil minister and the OPEC governor of the United Arab Emirates. Faster global economic growth will be needed to help absorb the oil surplus estimated at 1.8 MMbpd, Kuwait Oil Minister Ali Al-Omair told reporters in parliament. A demand-led recovery is seen in the second half, the U.A.E.’s Governor to OPEC Ali Al Yabhouni told reporters in Abu Dhabi.
News
January 13, 2015
ABU DHABI (Bloomberg) -- OPEC nations can withstand a drop in crude prices to the lowest in more than five years, while shale drillers will probably be the first to curb production amid the collapse, the United Arab Emirates’ energy minister said. Oil slumped almost 50% last year, the most since the 2008 financial crisis, amid a supply surplus that the U.A.E. and Qatar estimate at 2 MMbopd. The Organization of Petroleum Exporting Countries is battling a U.S. shale boom by resisting production cuts, signaling its readiness to let prices fall to a level that slows American output, which has surged to a three-decade high.
News
December 22, 2014
ABU DHABI (Bloomberg) -- Saudi Arabia and the United Arab Emirates reiterated pledges to keep pumping the same amount of crude, blaming non-OPEC producers for the glut of oil that’s driven prices to the lowest in five years. Suppliers from outside the Organization of Petroleum Exporting Countries should cut “irresponsible” output, U.A.E. Energy Minister Suhail Al Mazrouei said in Abu Dhabi. Even if non-OPEC producers were to offer cuts, OPEC probably wouldn’t follow suit, Saudi Oil Minister Ali Al-Naimi said. The two countries account for about 40% of OPEC supply.
Article
October 2014
Despite geopolitical turmoil, Middle Eastern and North African exploration and licensing activity levels remain strong, with the MENA region producing over one-third of the world's oil and one-fifth of global gas.
