GulfNav Allied with Mena Energy for Management of Oil Tankers

• Wednesday, 17th May 2017
• by Sarah Samir

Dubai-based shipping company Gulf Navigation Holding PJSC (GulfNav) has entered into a strategic alliance with compatriot energy trading firm Mena Energy in order to cooperate in leasing, acquisition, and commercial m...

Adnoc to Decrease Oil Sales by 10% in June

• Thursday, 4th May 2017
• by

The United Arab Emirates is cutting back supplies to customers in June, in line with its plan to follow the Organization of Petroleum Exporting Countries’ agreement to reduce production, Bloomberg reported. Acco...

DeepOcean Awarded Contract Offshore UAE

• Thursday, 27th April 2017
• by Editorial Team

Offshore services provider DeepOcean has been awarded a contract for the provision of post-lay trenching and backfilling works on 56km of power cable offshore the United Arab Emirates (UAE), according to Offshore Ener...

OPEC, UAE to Launch Oil and Gas Big Data Project

• Thursday, 13th April 2017
• by Editorial Team

The Organization of Petroleum Exporting Countries (OPEC) and the United Arab Emirates’ (UAE) Ministry of Energy will launch late April the first phase of a new global oil and gas database project, aiming to develop an...

Aramco Signs MoUs for Petroleum, Energy Collaboration

• Wednesday, 5th April 2017
• by Editorial Team

Saudi Aramco signed early April two different memorandums of understandings (MoU) covering energy and oil and gas technology, Hellenic Shipping News reported. Hellenic Shipping added that the first MoU was signed with...

McDermott Launches Graduate Training Program in the Middle East

• Thursday, 30th March 2017
• by Editorial Team

McDermott Middle East launched a specialized vocational training for students of Saudi Arabia and the United Arab Emirates (UAE). The first group receiving the training is composed by 14 selected students, both in the...

UAE Boosts OPEC Production Cut in March

• Thursday, 30th March 2017
• by Editorial Team

Oil output from the Organization of Petroleum Exporting Countries (OPEC) is likely to fall for a third consecutive month in March as the United Arab Emirates (UAE) made progress in reducing oil supplies, The News repo...

Swedish Trelleborg Wins EPC Contract in the UAE

• Wednesday, 8th March 2017
• by Editorial Team

Swedish engineering firm Trelleborg has won a contract for the supply of float-over equipment for a major offshore oilfield development project in the United Arab Emirates (UAE), 4-traders informed. The contract spans...

Lukoil Targets New Projects in the Middle East

• Monday, 6th March 2017
• by Editorial Team

Russian oil giant Lukoil is targeting new projects in the United Arab Emirated (UAE), Iran, Oman and Kuwait as it plans to expand its operations in the Middle East, the company’s Vice President in the region, Gati Al ...

UAE to Increase Fuel Prices in March

• Tuesday, 28th February 2017
• by Editorial Team

Gasoline and diesel prices in the United Arab Emirates (UAE) are set to increase again in March, Gulf Business reported based on the new rates revealed by the Energy Ministry. The increases, though small, mean that Su...