Business | Oil & Gas
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Friday Mar 1
Saudi Arabia to lower crude prices
Kingdom cut March OSPs by over a dollar in anticipation of weak demand
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Friday Mar 1
US crude hits record low
Unexpectedly weak US GDP growth weighs
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Thursday Feb 28
Global support for economy helping oil rise
In the longer term bearish factors could cap oil price strength
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Thursday Feb 28
Petrofac posts a 17% rise in profit
Company posted full-year net profit of $632 million
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Wednesday Feb 27
US shale puts questions on Canada’s own industry
Suncor Energy reexamines plan to build plant in northern Alberta
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Wednesday Feb 27
Emirates Petrol in franchise agreement with Omani investor
Three brands under the agreement
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Wednesday Feb 27
Spanish firm sells LNG assets to Shell
Shell to pay $4.4 billion in cash and assume $2.25 billion in debt
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Tuesday Feb 26
Negligence at the heart of BP gulf spill
Billions of dollars in penalties hinge on a legal distinction that remains unclear
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Tuesday Feb 26
Adnoc to extend concessions with oil companies
Has proposed a one-year extension
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Saturday Feb 23
Abu Dhabi to host international conference on Corrosion of Oil And Gas Pipelines
Local oil and gas giants will focus on issues such as the financials and development of the pipeline industry
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Saturday Feb 23
Oil prices up on German business sentiment
Crude futures still fell by the largest weekly margin of 2013
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Friday Feb 22
Oil rose on Friday to $114.79
Evidence of improving business morale in Germany helped bolster sentiment
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Wednesday Feb 20
Enoc explores self-service option
Planned initiative will also help enhance operational efficiencies
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Wednesday Feb 20
Japan’s top buyer cuts Iran crude imports
JX Nippon Oil & Energy reduces volume by 12% to avoid US sanctions
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Wednesday Feb 20
Choice of oil geologist signals BHP shift
Move by world’s biggest resources group signals shift to oil and gas rather than metals
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Wednesday Feb 20
Shale oil fails to dent Middle East shipments
As percentage of total US oil imports, the Middle East is still in line with the 20-year average
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Wednesday Feb 20
China and Saudi buoy oil rally hopes
Positive sentiment that global economic recovery is sustainable has driven Brent to near $120
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Monday Feb 18
Crude oil falls below $118
US economic recovery seen on track
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Sunday Feb 17
Taqa strikes oil in North Sea
Two oil columns found since November at the Darwin field
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Saturday Feb 16
Oil falls hard amid concern of sluggish US economy
US crude also drops as traders sold positions ahead of holiday weekend
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Friday Feb 15
Eni fourth quarter earnings flat as Libya offset by taxes
Oil and natural gas production for the year was up 7%
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Thursday Feb 14
Kufpec picks up five banks to arrange $750m loan to help fund operations
Company is owned by state oil firm Kuwait Petroleum and has an international focus
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Thursday Feb 14
Shale oil could add $2.7tr annually to the global economy
India and Japan to see greatest benefits and oil could fall to around $83 by 2035 in real terms
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Thursday Feb 14
Exxon Mobil, Russia’s Rosneft sign Arctic deals
Russian partner to acquire 25 per cent interest in Point Thompson
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Wednesday Feb 13
Kuwait assessing shale-oil deposits
Opec member produces around three million barrels of crude a day
Business Editor's choice
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Ramadan food cost rise forbidden
Ministry of Economy to keep strict watch for consumer law violations
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Microsoft unveils Xbox One with Spielberg
Xbox One is Microsoft’s first new gaming console in eight years
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Mariner of the Seas in maiden call on Dubai
1,020-feet-long cruise ship en route to Singapore and China
