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    New Saudi oil minister says production cuts to benefit all

    New Saudi oil minister says production cuts to benefit all

    09 Sep 2019

    Saudi Arabia’s new Energy Minister, Prince Abdulaziz Bin Salman, said on Monday that oil production cuts would benefit all exporting nations. The minister signalled no major change in approach in...

    Enoc Group enhances safety standards

    Enoc Group enhances safety standards

    06 Sep 2019

    Business Bureau, Gulf Today Enoc Group has introduced a new fleet of trucks compliant with the latest international EHS standards. The group’s move is in line with its commitment towards...

    Manufacturing sector contributes Dhs122b to UAE’s non-oil GDP in ’18

    Manufacturing sector contributes Dhs122b to UAE’s non-oil GDP in ’18

    03 Sep 2019

    The manufacturing sector’s contribution to the UAE’s non-oil GDP grew 2.5 per cent to Dhs122 billion in real prices in 2018 from Dhs119.7 billion in 2017, according to figures revealed...

    Lebanon dismisses Turkish claims on Iranian oil tanker

    Lebanon dismisses Turkish claims on Iranian oil tanker

    30 Aug 2019

    Lebanon dismissed Turkish claims on Friday that it would receive the Adrian Darya, an Iranian tanker which has been bouncing around the Mediterranean amid US warnings over its valuable oil...

    BP to sell Alaskan properties to Hilcorp Energy for $5.6 billion

    BP to sell Alaskan properties to Hilcorp Energy for $5.6 billion

    28 Aug 2019

    LONDON: British oil major BP agreed to sell all its Alaskan properties for $5.6 billion to privately held Hilcorp Energy Co, exiting a region where it operated for 60...

    Norway cuts oil sector investment

    Norway cuts oil sector investment

    22 Aug 2019

    Oil and gas companies working in Norway have slightly cut their 2019 investment forecasts since May, a survey by the country’s statistics agency (SSB) showed on Thursday. While 2019 investments...

    Rosneft’s daily production falls after restrictions from operator

    Rosneft’s daily production falls after restrictions from operator

    21 Aug 2019

    Rosneft’s daily oil output fell 2.7% in the second quarter from the previous three months, the Russian oil company said, mainly because of restrictions introduced by pipeline operator Transneft...

    China CNPC suspends Venezuelan oil loading, worried about US sanctions: Sources

    China CNPC suspends Venezuelan oil loading, worried about US sanctions: Sources

    19 Aug 2019

    China National Petroleum Corp has halted August loadings of Venezuelan oil following the latest set of US sanctions on the South American exporter, two Beijing-based senior sources with direct...

    UAE strongly condemns Houthi attack on Saudi oil field

    UAE strongly condemns Houthi attack on Saudi oil field

    18 Aug 2019

    The United Arab Emirates has condemned the terrorist attack carried out by Houthi drones on the Shaybah Oil Field in Saudi Arabia. The Ministry of Foreign Affairs and International...

    Saudi Aramco plans to buy 20% stake in Reliance’s refining unit

    Saudi Aramco plans to buy 20% stake in Reliance’s refining unit

    12 Aug 2019

    Saudi Aramco is planning a multibillion dollar investment in India’s Reliance Industries as the energy giant diversifies its oil business. In preparation for what could be the world›s largest initial...

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