ADNOC has reduced the gas prices for the second time in two months.
Saudi Aramco CEO Khalid Al Falih tops the Gulf Business list of most powerful Arabs in Energy.
The Clean Fuels Project is a specification upgrade and expansion of Kuwait’s largest refineries.
IPIC will recruit UAE nationals for roles across a number of its projects.
TAQA plans to take a majority stake in the plants while India’s IDFC Alternatives and PSP Investments will hold minority stakes.
Aramco has re-tendered three of the four construction packages.
Goutam Sen is allegedly being held in detention as part of a corruption probe involving Oman’s oil industry.
Construction is expected to start in early 2015 and commercial operations in 2017.
Tohoku declined to provide any details on how the Qatar gas will be priced.
The group posted sales of $90.1 million in 2012, according to its financial statements.
GCC petrochemical exports are expected to rise due to the Bali Package, which aims to cut the cost of trade by 15 per cent.
SEC said at the beginning of January that it had chosen banks to arrange the riyal-denominated transaction.
The company collected $134 million in Egypt last year and $69 million from Kurdistan.
Energy CEO of DNV GL says the Gulf needs to look at the cost of energy and its sustainability.
Rapidly rising demand and slow production growth have made the UAE a net importer of gas over the past few years.
Three refineries, close together on the Gulf coast south of Manama, were shut by a power outage on Wednesday.
The Mina Abdullah and Mina Ahmadi refineries have restarted but are not expected to return to full production until Friday.
The new centre will maintain the required electricity reserve for emergency cases and monitor quality indicators and network performance.
Consumption in the country is double or triple the average of the world, Suhail bin Mohamed Al Mazrouei said.
SABIC CEO Mohamed al-Mady said the investment would be in downstream operations.
DEWA has a $1 billion bond maturing in April 2015.
TAQA aims to boost its water output by at least 120 million gallons per day in five years.
The UAE and New Zealand signed an agreement to fund viable renewable energy projects in Pacific Island countries.
Frederik, Crown Prince of Denmark, commended the UAE for embracing renewable energy.
Taqa plans to invest more than $300 million in the first phase of the project.
The firms will work on photovoltaic solar projects through the joint venture.
Shell is selling the stakes to the Kuwait Foreign Petroleum Exploration Company, a partner in the project.
It was previously estimated that the project to produce usable gas from Shah’s high-sulphur gas field would be completed in late 2014.
The contribution of solar power towards the region’s energy mix is forecast to shift significantly in the coming years, says new report.
Fiji, Kiribati, Samoa, Tuvalu and Vanuatu will receive grants from the UAE’s $50m renewable energy fund.