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Oil will back economy growth for decades: UAE ministerHydrocarbons would continue to be the bedrock of economic growth for decades to come, said Dr Sultan Ahmed Al Jaber, UAE Minister of State and Adnoc Group CEO, adding that by 2040, oil and gas will supply over half of the world’s energy ne More… |
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Why GCC will find it hard to diversify from hydrocarbonsThe GCC economies' high concentration and dependence on the hydrocarbon sector, which averaged about 30 per cent of GDP and 60 per cent of total exports over 2015-2016 could become a credit negative factor when not offset by substantial fina More… |
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Rosneft, Kurdistan to expand strategic tie-upRussia’s Rosneft and the Kurdistan Regional Government (KRG) have signed a series of agreements on expanding their collaboration in exploration and production of hydrocarbons, commerce and logistics, a report said. The docum More… |
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KBR, IBM to develop digital products for gas sectorKBR, a global provider of technology services and IBM have entered an agreement to collaborate on the development of digital products and services in the gas and petrochemical customers sector. Falling crude prices, volatile socio More… |
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KBR, IBM to develop digital products for gas sectorKBR, a global provider of technology services and IBM have entered an agreement to collaborate on the development of digital products and services in the gas and petrochemical customers sector. Falling crude prices, volatile socio More… |
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Oman steps up hunt for hydrocarbon resourcesOman plans to drill a number of exploration wells in Blocks 3 & 4 targeting prospective hydrocarbon resources, Swedish based international oil and gas firm Tethys Oil was quoted as saying. The Swedish company said it also plan More… |
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Oil, gas to play major role in energy mix ‘for decades’Oil and gas will continue to play a significant role in the future energy mix for decades to come as the world transitions to a sustainable energy future, president and CEO of Saudi Aramco Amin Nasser said at the World Economic Forum (WEF) in Da More… |
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Low oil slows Kuwait’s non-oil expansion: IMFEconomic activity in Kuwait’s non-oil sector continued to expand in 2016, albeit at a slower pace, reflecting the impact of lower oil prices, said an IMF report. Non-hydrocarbon growth slowed from 5 per cent to an estimated More… |
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Low oil slows Kuwait’s non-oil expansion: IMFEconomic activity in Kuwait’s non-oil sector continued to expand in 2016, albeit at a slower pace, reflecting the impact of lower oil prices, said an IMF report. Non-hydrocarbon growth slowed from 5 per cent to an estimated More… |
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Daleel to boost use of ultra-thin reservoirsDaleel Petroleum, a Muscat-based oil and gas exploration and production firm plans to harness the hydrocarbon potential of ultra-thin carbonate reservoirs to help boost the reserves potential of its Block 5 concession in Oman. &ld More… |
