Environment & Energy | Tuesday 2 February, 2016 12:50 pm

Rumor & Denial: Verbal oil intervention in action 

January proved to be a very volatile month for commodities and the final week was no exception, with the oil market continuing to attract most of the attention. Speculation of a so far unconfirmed and still doubtful grand bargain between Opec and Russia helped trigger a strong comeback as short...

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Environment & Energy | Monday 1 February, 2016 12:48 pm

World Nuclear Exhibition moves to the summer

Following on from its successful launch, the World Nuclear Exhibition (WNE) will be held for the second time from 28th to 30th June 2016 at Paris Le Bourget, hall 2B. Larger and more international, it will occupy 50% more space and is expected to attract over 10,000 visitors from all around the...

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Environment & Energy | Monday 1 February, 2016 12:41 pm

GE Oil & Gas wins landmark contract from Petroleum Development Oman

GE Oil & Gas (NYSE: GE), has signed a landmark long-term, multi-million dollar contract with Petroleum Development Oman for the provision of integrated Reciprocating Rod Pump equipment  (RRP) and related services commencing in the second quarter of 2016.    Joining hands...

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Environment & Energy | Saturday 23 January, 2016 11:23 am

Oil prices jump 7% as cold weather boosts energy demand

Global equity markets and oil prices climbed for a second day on Friday, providing some relief to bruised investors as frigid weather across the United States and Europe boosted energy demand. Oil, which had tumbled during a recent rout in world markets, jumped about 7 percent and traded above ...

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Environment & Energy | Thursday 21 January, 2016 1:03 am

King opens petroleum research & study center

Custodian of the Two Holy Mosques King Salman and Chinese President  Xi Jinping remotely inaugurated the Yanbu Aramco Sinopec Refining Company (YASREF) located in Yanbu on Wednesday. The King also inaugurated in Riyadh the King Abdullah Petroleum Studies and Research Center (KAPSARC), a...

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Environment & Energy | Wednesday 20 January, 2016 4:25 am

ACWA Power signs MoU with Silk Road Fund Co., Ltd.

ACWA Power announced today the signing of a Memorandum of Understanding (MoU) with China-based Silk Road Fund Co., Ltd. to explore joint investment and power project development opportunities in the UAE, Egypt and across the region. The framework agreement was signed at a ceremony in the Saudi...

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Environment & Energy | Tuesday 19 January, 2016 1:33 pm

United Arab Emirates’ world-class research will produce food and fuel without using arable land or fresh water

The Sustainable Bioenergy Research Consortium (SBRC) today announced that in March it will begin operating the world’s first bioenergy research facility using desert land – irrigated by seawater – to produce both food and aviation fuels. The facility is located on a 2-hectare site ...

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Environment & Energy | Tuesday 19 January, 2016 4:33 am

MENA to See USD 35 Billion in Annual Renewable Energy Investment Through 2020

Governments, banks and landlords in the Middle East and North Africa (MENA) are urged to join forces to promote solar rooftop adoption, saving on energy costs and creating “green” jobs, industry experts announced today in the build-up to the World Future Energy Summit...

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Environment & Energy | Monday 18 January, 2016 1:31 pm

Kuwait Oil Company Opts for Cisco Security Solutions for High-Security Network

Cisco today announced that Kuwait Oil Co. has selected Cisco® security solutions for its network hardware refresh. Kuwait Oil has installed Cisco Network Admission Control (NAC), a powerful, easy-to-deploy admission control and compliance enforcement component of the Cisco TrustSec®...

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Environment & Energy | Monday 18 January, 2016 10:04 am

Oil market will take time to stabilize, says Al-Naimi

Minister of Petroleum and Mineral Resources Ali Al-Naimi said on Sunday it would take “some time” to restore stability to the global oil market in the midst of a glut, but he remained optimistic about the future. Al-Naimi's comments come at a time when OPEC member Iran is preparing ...

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