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Last Updated: Sun, Jan 22 2017 | 11:04 AM |
Output cuts set to lower oil inventories, says Saudi's Falih
Energy»

Output cuts set to lower oil inventories, says Saudi's Falih

Sunday, 22 January 2017 2:36 PM

Producers have pledged to lower output beginning this month in order to support prices

Saudi's PetroRabigh to restart petchem complex gradually after brief shutdown
Energy»

Saudi's PetroRabigh to restart petchem complex gradually after brief shutdown

Sunday, 22 January 2017 12:32 PM

The whole complex at Rabigh on the west coast was shut on Thursday as a precautionary measure after a technical failure at the utilities unit

SABIC to acquire remaining stake in Saudi JV with Shell for $820m
Energy»

SABIC to acquire remaining stake in Saudi JV with Shell for $820m

Sunday, 22 January 2017 12:25 PM

The agreement which is expected to be complete before the end of this year is subject to regulatory measures, SABIC said

Dubai's DEWA invites bids for phase 4 of giant solar park
Energy»

Dubai's DEWA invites bids for phase 4 of giant solar park

Saturday, 21 January 2017 11:32 AM

Fourth phase of the Mohammed bin Rashid Al Maktoum Solar Park will be operational by April 2021, says DEWA chief

Major challenges remain to Gulf's move away from oil, says S&P
Politics & Economics»

Major challenges remain to Gulf's move away from oil, says S&P

Saturday, 21 January 2017 11:11 AM

Ratings agency says sovereign creditworthiness in the Gulf has continued to deteriorate, weighed by Saudi Arabia

Car giant Toyota says to explore hydrogen fuel potential in the UAE
Energy»

Car giant Toyota says to explore hydrogen fuel potential in the UAE

Saturday, 21 January 2017 1:26 AM

Japanese car maket to collaborate with Masdar, ADNOC on joint research program from May

SABIC chief says still keen on Exxon Mobile venture in US
Energy»

SABIC chief says still keen on Exxon Mobile venture in US

Friday, 20 January 2017 1:29 AM

Saudi Basic Industries Corp CEO says preliminary investment decision could be made within months

Emirati family set to move into first Masdar City eco-villa
Energy»

Emirati family set to move into first Masdar City eco-villa

Thursday, 19 January 2017 8:35 PM

Home is designed to use around 72% less energy and 35% less water than typical four-bed villa

Saudi's SABIC Q4 net profit jumps 48%, first rise in 10 quarters
Energy»

Saudi's SABIC Q4 net profit jumps 48%, first rise in 10 quarters

Thursday, 19 January 2017 1:59 PM

Saudi Basic Industries Corp's results suggest that the worst might be over for Saudi petrochemical sector

UAE launches $50m fund for Caribbean clean energy projects
Energy»

UAE launches $50m fund for Caribbean clean energy projects

Thursday, 19 January 2017 1:57 PM

UAE-Caribbean Renewable Energy Fund represents one of the largest-ever single investments in the region

OPEC points to growing stability in oil market
Energy»

OPEC points to growing stability in oil market

Thursday, 19 January 2017 10:58 AM

Oil supply surplus has dropped in 2017 as producers comply with last year's accord

ADNOC's energy-efficiency initiatives to save $1bn by 2020
Energy»

ADNOC's energy-efficiency initiatives to save $1bn by 2020

Wednesday, 18 January 2017 12:09 PM

Abu Dhabi company says it has already cut CO2 emissions by 3.1 million tonnes

Increased energy prices, operating costs see Saudi Electricity's Q4 loss widen
Energy»

Increased energy prices, operating costs see Saudi Electricity's Q4 loss widen

Wednesday, 18 January 2017 10:43 AM

The Saudi government has indicated it intends to raise fuel and electricity prices again later this year

Russian state bank lent billions to fund Qatar-Glencore Rosneft privatisation deal
Banking & Finance»

Russian state bank lent billions to fund Qatar-Glencore Rosneft privatisation deal

Wednesday, 18 January 2017 9:30 AM

Loan was a stopgap until other financing was put in place but the fact that it was required shows last-minute scramble by the Kremlin and its allies to get the Rosneft sale over the line

Saudi Aramco to continue building oil, gas capacity to meet demand, says CEO
Energy»

Saudi Aramco to continue building oil, gas capacity to meet demand, says CEO

Wednesday, 18 January 2017 9:29 AM

Chief Executive Amin Nasser said Saudi Aramco will double gas production over the next decade


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