Business | Oil & Gas
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Sunday May 27
Jordan hikes gasoline, power prices to ease budget
The prices of premium petrol would increase by almost 20 per cent
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Sunday May 27
Icahn takes Chesapeake stake, calls for board changes
Billionaire vows to protect henhouse from foxes at natural-gas producer whose shareholders are concerned about mismanagement
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Sunday May 27
Oil holds near 2012 low after downward spiral
Prices have tumbled in May on signs of trouble in US and China
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Saturday May 26
Oil fluctuates amid ample US stockpiles
Canada output boosts inventories
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Friday May 25
Dow Chemical wins $2.16b in Kuwait arbitration
Kuwait's state-run chemical company must pay Dow Chemical Co $2.16 billion
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Thursday May 24
Emerging stocks fallto lowest in five months
Emerging-market stocks dropped to a five-month low as concern deepened that Europe's debt crisis will reduce developing-nation exports and curb demand for riskier assets
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Thursday May 24
Turkmenistan agrees on gasline to India
Country strikes deal with Pakistan also
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Wednesday May 23
Oil falls below $109 on progress in Iran talks
Oil fell below $109 a barrel yesterday as signs of a deal over Iran's nuclear programme eased fears of oil supply disruptions and as a report predicted more misery for the Eurozone
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Monday May 21
Massive gas discoveries add to East Africa's allure
Mozambique will be sixth largest GAS exporter by middle of next decade
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Monday May 21
Iran finds first Caspian Sea oil
Iran discovers deposit that may contain 10b barrels of crude
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Sunday May 20
Oil falls to six-month low on concern over Europe
Negative macroeconomic news weighs on investor sentiment
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Sunday May 20
Obama, G8 may remind Iran of their own ‘oil weapon'
After months of diplomacy with key allies timely retort may be offered with plans to release reserves likely to be part of discussions
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Sunday May 20
$2.5b Uzbek-Korea gas venture funded
Project highlights nation's desire to switch focus to commodities
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Saturday May 19
Oil hits 2012 low on Eurozone turmoil
Lack of a Greek government is raising fears about a disorderly exit from the euro
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Friday May 18
Security clouds speedy recovery of oil sector
Cracks start to appear as new leadership struggles to impose order
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Wednesday May 16
UAE joins 11-member Gas Exporting Countries Forum
Cabinet approves joining Arab Union of Land Transport
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Tuesday May 15
Dana Gas reports strong profit growth for Q1 2012
Dana Gas reported a 125 per cent jump in its first quarter net profits reaching Dh206 million for the first quarter of 2012, up from Dh92 million recorded during the corresponding period last year
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Tuesday May 15
Oil slips on demand slowdown concerns
China's weak industrial data and trading losses by JPMorgan have hurt investor confidence
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Tuesday May 15
Iran likely to expand oil storage at sea
Iran will likely expand how much oil it's storing at sea as sanctions deter China, Japan and other buyers from purchasing the country's crude, according to RS Platou Markets.
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Tuesday May 15
Crescent refuses to provide cash for Dana Gas' debt repayment
Upheavals in Egypt and Kurdistan delay customer payments
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Tuesday May 15
Total eyes role in Australia gas, oil projects
Sees enough oil supply in market to absorb the impact of international sanctions on Iran as prices stabilise
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Tuesday May 15
Hedge funds cut bullish oil bets
Fears of worsening European debt crisis curbs fuel demand as global supply rises
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Monday May 14
NPCC unveils $500m upgrade of facilities
Project planned over the next three years
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Monday May 14
Chevron sells Australia gas to Japan
Tohoku Electric to buy 1m tonnes of LNG under a 20-year agreement
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Sunday May 13
NPCC announces $500 million investment
'This covers upgrading our onshore marine fleet, increasing yards capacity, augmenting equipment facilities, and in addition, expanding our engineering capabilities'
Business Editor's choice
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‘Wrong Way' Krugman
The source of our economic malfunction lies with government-mandated bank regulations
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Greek exit could make Eurozone stronger
Departure will show limits of bailouts and allow remaining members to act much more like a unit
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UAE upholds values of free trade
Recently released statistics confirm an established fact, namely that of the UAE embracing the free trade principle in general and imports in particular
