Business | Oil & Gas
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Wednesday Feb 13
Shale gas revolution ups US energy outlook
Senate Energy Committee to examine US gas policy as industry remains divided on amount of LNG exports allowed
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Tuesday Feb 12
Adnoc, Japanese bank ink $3b energy loan deal
Facility will ensure a long-term and stable supply of crude to Japan
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Tuesday Feb 12
Sudan standoff holding billions of dollars ‘hostage’
Both economies suffer as Khartoum insists that oil cannot flow until security issues are addressed
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Monday Feb 11
Fujairah oil storage capacity to rise by 2 mcm
Fujairah had 4.07 mcm of oil storage capacity at the end of 2012
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Monday Feb 11
Brent futures slip from 9-month high
Trading light due to Lunar New Year holidays
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Saturday Feb 9
Oil hits 9-month high near $119
Goldman Sachs sees strong global oil demand
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Friday Feb 8
Oil surges to a nine-month high above $118 per barrel
Fiery rhetoric from Iran leader and Middle East concerns counteracted by China’s crude imports
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Friday Feb 8
Dana Gas sells stake in Hungarian oil firm
Dana Gas sells 1.675m shares in MOL, offers no comment on price
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Friday Feb 8
Japan gives another $3b to Adnoc
Loan aimed at boosting Abu Dhabi company’s upstream business and strengthening relations
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Thursday Feb 7
Oil rises above $117 as traders eye ECB outcome
Brent rose for three weeks on good economic data for key economies and consumption outlook
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Thursday Feb 7
Statoil’s 4Q 2012 net profit plunges
Norwegian company reports $2.36 bilion net profit
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Wednesday Feb 6
Brent holds above $116 on hopes of global recovery
Strong PMI numbers from US, Europe boost economic outlook
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Wednesday Feb 6
Lamprell gets second Jindal contract
Lamprell to build mobile offshore drilling platform for Jindal
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Tuesday Feb 5
BP profits slump on US oil spill fallout
Earnings after taxation tumbled 54 per cent to $11.582 billion
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Monday Feb 4
Oil steadies above $116 on outlook
Brent-US crude premium holds at $19 per barrel
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Sunday Feb 3
Dana Gas net profit climbs 20%
For 2012 net profit rose to $165m from $138m
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Sunday Feb 3
Shell Aviation named best aviation fuel provider for the Middle East and surrounding region
This is the third consecutive year that Shell wins the award
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Saturday Feb 2
Chevron profit up on asset exchange, refineries
Posts biggest fourth quarter profit in the company’s history
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Saturday Feb 2
Brent crude jumps, premium over US crude widens
US crude oil stock build threat spurs early spread trading
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Friday Feb 1
Saudi Arabia may lower its official selling prices
Top oil exporter may lower the OSPs for Arab Light and Arab Medium by a dollar per barrel
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Friday Feb 1
Mideast tension stokes supply worries
Brent had risen 23 cents to $115.78 a barrel by 0737 GMT, after an earlier high of $115.91 marking its highest since mid-October
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Thursday Jan 31
Chinese demand boosts Iran oil shipments
Iran shipped more than 1.4 million bpd of crude oil in December
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Thursday Jan 31
Shell earnings in rise Q4 on refining turnaround
Company to continue aggressive expansion based on positive future outlook perspective
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Thursday Jan 31
Brent crude touches a three-month high
Highest since October 16, brent crude futures briefly hit $115.24
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Wednesday Jan 30
BP to pay record $4b in damages for US oil spill
The company has 60 days to submit remedial plan to US authorities on how it plans to meet stipulations
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
