News / International
UAE gives over $700 Million for renewable energy
The UAE has allocated $700 million (Dh2.5 billion) since 2009 in support of the renewable energy sector in developing countries, a top official said on Saturday.
More Gas, Oil from Jubilee Offshore Ghana
Tullow Oil says the deepwater Jubilee field offshore Ghana exceeded its production target last year, averaging 102,000 b/d of oil.
Traders Store W.African Crude in US Until Prices Recover
Traders are shipping West African crude to the United States to store the oil until prices recover, as the global glut forces them to source any tanks available and as seaborne cargoes are able to compete better on price with U.S. crude.
Plunging Oil Prices Hurt Africa Growth
The continued fall of crude oil prices on the international market may impact negatively on Africa's economic growth, the African Capacity Building Foundation (ACBF) said Friday.
Wang Yi’s Fruitful Africa Visit
While in Kenya, Wang Yi said both sides would boost cooperation in seven priority areas, including the modernization of agriculture, infrastructure, renewable energy and environmental protection.
Oil Drop Cuts 29% in Saudi Basic Industries Profit
Saudi Basic Industries Corp. (SABIC), the world’s biggest petrochemical maker by sales, reported a 29% drop in fourth-quarter profit as lower oil prices reduced returns from its own products.
Abu Dhabi Lead Shares Market After Oil Price Jump
Shares in Abu Dhabi rose to the highest level in three weeks, leading gains in Gulf Arab markets, after crude oil surged the most in more than two years.
CGG Launches Multi-Physics Business Line
CGG has confirmed that its new Multi-Physics Business Line is now up and running within its Acquisition Division.
