NDC Inaugurates its New Jack-up Rig Shuwehat, Built in UAE

NDC Inaugurates its New Jack-up Rig Shuwehat, Built in UAE

NDC Inaugurates its New Jack-up Rig Shuwehat, Built in UAE National Drilling Company (NDC) has marked the inauguration of its new state-of-the-art jack-up rig, “Shuwehat”, at a ceremony held in the Hamriyah Free Zone in Sharjah. “Shuwehat” is the fifth rig in a series of eight similar units being acquired by NDC and manufactured More...

by Staff writer | Published 4 years ago
Renewable Power Costs Plummet: Many Sources Now Cheaper than Fossil Fuels Worldwide
By Staff writer On Sunday, January 18th, 2015
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Renewable Power Costs Plummet: Many Sources Now Cheaper than Fossil Fuels Worldwide

Renewable Power Costs Plummet: Many Sources Now Cheaper than Fossil Fuels Worldwide The cost of generating power from renewable energy sources has reached parity or dropped below the cost of fossil fuels for many More...

oil
By Staff writer On Saturday, January 17th, 2015
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Weak world economies continue to restrain oil demand growth

oil Growth in global oil demand continues to stagnate as world economic conditions fail to broadly improve, despite a sharp decline in oil prices, the International Energy Agency (IEA) said in a report Friday. “Macroeconomic More...

Christine Lagarde, Managing Director of the International Monetary Fund (IMF)
By Staff writer On Friday, January 16th, 2015
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Plummeting oil prices good for consumers, bad for growth

Christine Lagarde, Managing Director of the International Monetary Fund (IMF) Managing Director of the International Monetary Fund (IMF) Christine Lagarde admitted here Thursday that while cheap oil prices are welcome More...

Emirates General Petroleum Corporation ''Emarat''
By Staff writer On Wednesday, January 14th, 2015
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Emarat cuts prices of LPG Cylinders

Emirates General Petroleum Corporation ”Emarat” The Emirates General Petroleum Corporation, Emarat, has announced a reduction in prices for liquefied petroleum gas, LPG, cylinders effective from 17th More...

10th Gas Arabia Summit
By Staff writer On Wednesday, January 14th, 2015
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Vice Chairman of the Dubai Supreme Council of Energy addresses Gas Arabia Summit 2015

10th Gas Arabia Summit Saeed Mohammed Al Tayer, Vice Chairman of the Dubai Supreme Council of Energy and MD & CEO of DEWA, delivered a keynote address at the 10th Gas Arabia Summit, being held from 13 to 15 More...

Saeed Mohammed Al Tayer, Vice Chairman of the Dubai Supreme Council of Energy, and Managing Director and CEO of DEWA
By Staff writer On Wednesday, January 14th, 2015
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Etihad ESCO and DEWA sign AED 37 Million Energy Savings Performance Contracts

Saeed Mohammed Al Tayer, Vice Chairman of the Dubai Supreme Council of Energy, and Managing Director and CEO of DEWA Dubai Electricity and Water Authority (DEWA) and Etihad Energy Service Company (Etihad ESCO), More...

Kuwaiti oil price crude barrel down to USD 50.78 pb
By Staff writer On Wednesday, January 14th, 2015
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Fall in oil prices casts doubts on GCC spending level

Fall in oil prices casts doubts on GCC spending level The decline in oil prices during the last quarter of 2014 casted doubts on the GCC governments’ ability to sustain the planned level of spending in 2015, More...

Suhail bin Mohammed Faraj Faris Al Mazrouei, UAE Energy Minister
By Staff writer On Wednesday, January 14th, 2015
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UAE Energy Minister: Slump in world oil prices will not impact UAE economy, OPEC has no plan to cut output

Suhail bin Mohammed Faraj Faris Al Mazrouei, UAE Energy Minister Slump in world oil prices will have no impact on the UAE’s vibrant economy, Suhail bin Mohammed Faraj Faris Al Mazrouei, the UAE Minister of More...

Qatargas Delivers First Cargo to Thailand
By Staff writer On Sunday, January 11th, 2015
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Qatargas Delivers First Cargo to Thailand

Qatargas Delivers First Cargo to Thailand ‘Qatargas’ has delivered the first cargo of Liquefied Natural Gas (LNG) under the long-term Sale and Purchase Agreement (SPA) between Qatar Liquefied Gas Company More...