Some 80 % of major petrochemical and chemical producers in the GCC are pursuing innovation strategy as a key business priority, a recent survey conducted by the Gulf Petrochemicals and Chemicals Association (GPCA) indicates.
Israeli companies are continuing to pursue energy trade deals with Egyptian firms despite the Egyptian government’s order to freeze current energy negotiations.
Oman Oil Marketing Company has been permitted to launch its feasibility study to determine the scope of its potential investment in the operation of fuel filling stations, and fuel services centers in Saudi Arabia.
OptaSense, a leading company in Distributed Acoustic Sensing (DAS) solutions, has signed a services agreement for upstream and downstream activities with Abu Dhabi’s Gulf Automation Services and Oilfield Supplies (Gasos).
Japanese Toshiba Corporation, and Tanzania Geothermal Development Company (TGDC) have concluded a Memorandum of Understanding to bring together their expertise in different geothermal areas, and in the field of human resource development.
China's oil product exports increased to the level of between 68 % to 77 % in November, compared to the previous month, over a bleak domestic demand for refined products.
In a COP21 speech, the UAE emphasized that the developed world bears commitments to the developing countries to help them fund their attempts to cope with the impacts of the climate change.
Italy's ENI CEO, Claudio Descalzi said that the $200b cuts in oil investment in 2015 will continue next year, raising concerns that it may create an imbalance between supply and demand.
South Africa's Eskom informed that it had lost 220MW of power imports from Mozambique due to a technical fault on one of the eight converters at Apollo substation in Midrand.
Saudi Arabia's oil export to Asia has increased by 12 % in the first 11 months of 2015, in comparison with the same period of 2014, allowing Riyadh to defend its prominent market position.