Business | Oil & Gas
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Thursday May 16
Brent oil drops on weak US data
Brent fell 62 cents to $103.06 a barrel, after rising on Wednesday by $1.08, the most in dollar terms since May 6. US oil dropped 87 cents to $93.43
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Wednesday May 15
Brazil lures record bids at energy auction
Petrobras, Galp, OGX, Total, Chevron among winning bidders
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Tuesday May 14
Dana Gas reports Dh241m first quarter net profit
Refinancing of $1b sukuk completed; Conservative cash policy, temporary suspension of LPG in Kurdistan Region of Iraq force revenues, gross profit down
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Tuesday May 14
IEA: Oil market in shale supply ‘shock’
Development will be as transformative to the market over the next five years
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Tuesday May 14
Oil prices: Brent steady near $103 a barrel
Investors nervous about US, China demand amid slowing consumption in Europe
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Tuesday May 14
Kuwait: Agility signs $24m logistics contract
Will transport state-run petroleum firm’s purchases of spare parts, components and pipes
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Tuesday May 14
Japan-Taiwan venture to build Qatar refinery
Chiyoda Corporation and CTCI Corporation awarded $1.5b Laffan 2 project
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Monday May 13
RAK Petroleum shareholders approve restructuring
Assets will be transferred to a newly formed Dutch company
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Monday May 13
Glencore Xstrata dumps Australian coal terminal
Cites poor market conditions and concerns about the industry outlook
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Saturday May 11
Oil down slightly on rising dollar, Opec output
Opec produces 30.5m barrels of oil a day in April, the most since November
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Thursday May 9
Qatar Shell, QDB announce opportunities for local SMEs
Move aims to help companies achieve world-class standards
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Thursday May 9
Dana Gas successfully completes sukuk refinancing
Company receives approvals from sukuk-holders and equity shareholders to pay down $70m of debt with a five-year extension to pay the rest
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Thursday May 9
Brent futures held near $104 a barrel
Brent neutral above support at $103.77
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Wednesday May 8
Oil holds above $104 amid concerns over global demand
Strong Chinese data push world shares to five-year highs and boost other commodities
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Wednesday May 8
Taqa Q1 net profit falls 80 per cent
Taqa Q1 revenue at Dh5.42 billion
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Tuesday May 7
Qatar to supply gas to Egypt
Supplies to be sourced on credit
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Monday May 6
Adnoc crude prices average $104.64 in April
They have fallen in line with international oil prices
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Monday May 6
Emarat won’t expand fuel retailing business in Dubai
Fuel at pumps available in sufficient quantity
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Monday May 6
Crude rallies on US data and Middle East tensions
Brent crude rises to $105.30 a barrel
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Sunday May 5
UAE’s refining capacity pushes ahead at full steam
Takreer’s expansion bodes well for UAE’s aspirations
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Saturday May 4
Shell says Basrah Gas Company starts operations
Shell holds 44% stake in Basrah Gas
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Friday May 3
Brent swells to $104 on US outlook
Weak manufacturing in US and China remains a worrisome factor
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Thursday May 2
Japan seeks to extend oil concessions from UAE
Abe seeks extending existing oil and gas concessions expiring by 2018
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Thursday May 2
Adnoc delegation to participate in Texas offshore technology conference
Adnoc looking at opportunities for new business partnerships
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Thursday May 2
Kuwait Energy Co’s production surges 24%
First-quarter production also rose 7.5% c
Business Editor's choice
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UAE tops GCC spend in home fit-outs market
Also estimated to be top regional spender on retail interior contracting
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Expat holidays trigger airfare price hike
Abu Dhabi airport to receive 15 per cent more weekly flights this summer, says Adac
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Is Japan’s rebound a recipe for Europe?
Economy is renewing pressure on policymakers to shift course from austerity to stimulus
