UAE | Egypt Oil & Gas - Part 39
Shell Pulls Out of High-Risk, Low-Return UAE Gas Project
Royal Dutch Shell has announced that it will pull out of a multi-billion-dollar plan for the Bab sour gas field in Abu Dhabi.
Dana Gas to Cut Costs at Home, Boost Investment in Egypt
UAE's Dana Gas announced its decision to slash its head office workforce by 40%, and cut administrative costs by 50%. The move is part of the evaluation and cost cutting process, which the company adopted in 2015.
UAE Denies Nigeria’s Call for Emergency OPEC Meeting
The UAE has denied claims made earlier by Nigerian Petroleum Minister that an emergency meeting of OPEC was in order to discuss the current oil pricing policy amid a 12-year low drop of oil prices to $30.
UAE, Chinese Joint Venture to Market Solar Power Tech
Nanjing-based photovoltaic (PV) manufacturer, China Sunergy (CSUN), has signed a deal with the UAE’s Z-One Holding to establish a joint venture company, CSUN Solar MEA FZC, that will sell a full range of solar produc ...
Australia Confirms Uranium Export Commitment to UAE
Australia has confirmed its commitment to export uranium for UAE's nuclear program, in line with the bilateral 2015 agreement, once the nuclear plants in the Gulf country come online.
El Molla: Egyptian-UAE Energy Ties are Strong, Positive Outlook for 2016
Egypt and UAE have become close across the economic and political spheres over the past three years, Egyptian Petroleum Minister, Tarek El Molla said, as Cairo has been receiving a flow of broad support from the UAE ...
UAE Lowers Domestic Fuel Prices, Increases Public Spending
The UAE’s ministry of energy announced that it would lower domestic prices for gasoline and diesel in January, making a long anticipated move given the plunge in Brent crude.
UAE to Withstand US Crude Exports Unaffected
In the aftermath of America's landmark decision to remove the ban on crude oil exports, UAE's Minister of Energy, Suhail bin Mohammed Faraj Faris Al Mazrouei said that the move would not affect market fundamentals or ...
