GE Oil and Gas said it is showcasing its advanced technologies to maximise the production efficiency of ethylene at the Ethylene Middle East Technology Conference and Exhibition 2014 in Bahrain.
The three-day event started yesterd
A self-styled rival government controlling Libya's capital announced its own oil policies this week, drawing a rebuttal from Prime Minister Abdullah Al Thinni who said oil revenues continued to go to the elected government.
Indian refiners will pay $500 million to Iran next week, the second installment in an interim deal that allows Tehran to recover part of overseas frozen oil revenues that are payments for oil it has sold, two industry sources said.
An advertisement by the highway outside Dubai's massive Jebel Ali Port tells firms they don't need to ship goods through the Strait of Hormuz, the traditional gateway to the Gulf. Instead they can have goods delivered to a port in Oman,
About $180 billion of contracts for new construction projects will be awarded in wealthy Gulf states this year, the largest amount for six years, despite falling oil prices, according to a recent study.
Brent crude oil sank to a f
Saudi Arabia effectively started a global oil price war this month aimed at quickly denting US oil output. Slowing a US drilling boom, however, could take more than a year.
Many observers expect a downward spir
The oil price drop to four year lows will not affect Kuwait's output plans or rate of production, the head of its state oil company said.
Speaking to reporters, Hashem Hashem, chief executive of Kuwait Oil
Oil fell more than $1 a barrel on Thursday, with Brent crude hitting a fresh four-year low at below $83, as growing concerns over the global economy stretched a four-month rout.
Brent has lost more than 28 per cent since June amid