Energy

Pilot facility to test equipment using heat of sun to extract oil

A new factory for solar equipment could come to the Arabian Gulf not to serve renewable energy demand, but to fuel oil production. Read Article Pilot facility to test equipment using heat of sun to extract oil

Saudi Arabia to import near record high diesel this summer

Saudi Arabia will import near record high diesel volumes this summer, as it gears up to beat the sweltering heat and meet rising travel needs during Ramadan, trade sources said. Read Article Saudi Arabia to import near record high diesel this summer

Qatar to establish new overseas energy infrastructure fund

Three Qatari state-backed entities, including the nation's acquisitive sovereign wealth fund, are to establish a new overseas fund which will look to invest in energy infrastructure. Read Article Qatar to establish new overseas energy infrastructure fund

energy

BP, Chevron, Total and other major oil firms seek new terms in Iraq
International oil companies in Iraq are negotiating to revise their contracts with the government, as new production targets undermine the profitability of their operations.

Florian Neuhof

Related: OMV starts to pump oil in Kurdish area of Iraq

energy

Ipic seeks $4bn return for building key oil pipeline
The International Petroleum Investment Company is in talks with the Government to receive US$4 billion in cash for building a strategic oil pipeline bypassing the Strait of Hormuz.

April Yee

Related: Profits of Abu Dhabi's Ipic jump from the millions to billions

Oil tender delay plan rejected

Abu Dhabi's Supreme Petroleum Council has rejected a proposal to extend the emirate's onshore concession by a year, allowing only a few months to evaluate bids before the existing contract expires. Read Article Oil tender delay plan rejected

Saudi oil exports fell in March as power use rose

Saudi crude exports fell to 7.42 million barrels per day (bpd) in March, 34,000 bpd less than in February, as Saudi power sector oil use rose and output edged lower. Read Article Saudi oil exports fell in March as power use rose

Western Region seeks to diversify

The UAE's civil nuclear programme will be among the key drivers of economic diversification in Al Gharbia, according to the Western Region Development Council. Read Article Western Region seeks to diversify

Taqa counting on its expertise

The Abu Dhabi National Energy Company wants to grow its regional oil and gas footprint by drawing on expertise gained at its operations in North America and Europe. Read Article Taqa counting on its expertise

Nova Chemicals to start using shale gas in Ontario

North America's experiments with unconventional gas are having ripple effects from the UK to Abu Dhabi. Read Article Nova Chemicals to start using shale gas in Ontario

Dana Gas first-quarter profit rises after MOL stake sale

Dana Gas, the oil and natural gas producer forced to restructure debt last year, boosted first-quarter profit 17 per cent as gains from an asset sale outweighed a decline in revenue. Read Article Dana Gas first-quarter profit rises after MOL stake sale

RAK Petroleum broadens assets into West Africa

RAK Petroleum has bought a small oil company with assets in Cote d'Ivoire, expanding its footprint beyond the Middle East. Read Article RAK Petroleum broadens assets into West Africa

DNO profits slip as output falls in Kurdish region

Profits at DNO, the part-UAE-owned oil company, have fallen by half on the back of suspended exports from the Kurdish region of Iraq. Read Article DNO profits slip as output falls in Kurdish region

Adnoc aims to award rights this year

Oil 2014: Abu Dhabi National Oil Company hopes to complete a complex tendering process for the emirate's lucrative onshore oil fields this year. Read Article Adnoc aims to award rights this year

Natural gas no longer just a footnote in nation's hydrocarbon story

Oil 2014: Gas is more than a mere sideshow in Abu Dhabi's energy sector. Read Article Natural gas no longer just a footnote in nation's hydrocarbon story

Premium business content offered by The National

energy

To harness the sun, first break it into little pieces
In a region that derives its electricity from sprawling power plants that generate millions of kilowatts every day, it is little surprise that the advance of solar power is measured in utility-scale arrays.

Florian Neuhof

energy

Myanmar to pump oil and gas to energy-hungry China
A huge project to transport oil and gas from the former Burma to the world's second-biggest economy promises to improve energy security in the face of China's burgeoning fuel demand.

Clifford Coonan

Related: Myanmar to pump oil and gas to energy-hungry China

energy

KPC shake-up after $2.5bn fine
Kuwait Petroleum Corporation has replaced its chief executive and reshuffled its board after a unit was last month ordered to pay Dow Chemical US$2.5bn for a cancelled project.

Florian Neuhof

'Queue and wait' lives up to its name as oil rivals advance

SOUND & VISION

Industry Insights Forum - James Hogan, Etihad Airways

Industry professionals gathered at an exclusive event to discuss the aviation industry with CEO of Etihad Airways, James Hogan. Watch Video

Most Viewed

energy

The alleged wrongdoing concerning price fixing in the oil industry primarily concerns traders making money off other traders.

Robin Mills

Related: Single agency identified in oil price fix investigation
High oil prices can cushion impact of Iran sanctions

Sound & Vision

In pictures: Qatar's 2022 World Cup dream stadiums See Pictures
In pictures: Dubai in top 10 fastest rising property markets in the world See Pictures
In pictures: Swarovski studded tub See Pictures
In pictures: Compare the price of Donald Trump's golf course with the UAE's finest See Pictures
In pictures: Arabian Travel Market See Pictures
Video: Western shoppers unsure about pressuring retailers about Bangladesh Watch Video
In pictures: Rotana's 5-star hotel on Saadiyat Island See Pictures
In pictures: Apple products throughout the years See Pictures
In pictures: Rosewood Hotel on Abu Dhabi's Al Maryah island to open See Pictures
Video: Aldar optimistic about key developments Watch Video

THE MOST FROM THE NATIONAL

View History

Clear

Editor's Picks

Majid Al Futtaim to buy Carrefour hypermarkets

Carrefour in Mall of the Emirates, Dubai. Pawan Singh / The National

Majid Al Futtaim will own 100 per cent of Majid Al Futtaim Hypermarkets’ shares, the Dubai-based retailer said in a statement after buying Carrefour's 25 per cent stake for €530 million. Majid Al Futtaim to buy Carrefour hypermarkets

China tourists asked to behave

The Emirates is becoming an increasingly popular destination for Chinese tourists. Fatima Al Marzouqi / The National

Chinese tourists, who have been flooding global destinations, including the Emirates, have been asked by a top Communist Party official to behave when abroad. China tourists asked to behave

IMF official urges caution amid resurgence in Dubai property

Controls are required to help guard against the risk of a repeat of the boom and bust cycle in the Dubai property market, Masood Ahmed, the director of the IMF’s Middle East and Central Asia Department, said yesterday. IMF official urges caution amid resurgence in Dubai property