According to a report by Oxford Strategic Consulting the current period of low oil prices could be an opportunity for GCC-based oil and gas companies to invest in and diversify talent.
Gulf oil producers are delaying some field maintenance until next year to keep production high and reduce costs, forecasting weaker oil prices in 2016.
Oil at $50 a barrel is a “gift to the world” as prices should be low enough to spur economic growth, explained Ali Al Mansoori head of Abu Dhabi’s Department of Economic Development
The United Arab Emirates and New Zealand have signed an arrangement for the development of a jointly funded 1 MW solar photovoltaic (PV) power plant in the Solomon Island
Abu Dhabi-based renewables firm Masdar is currently in talks over taking part in Morocco's forthcoming wind tender as well as other wind and solar energy investments.