Saudi has agreed to cut output by 486,000 barrels per day
DEWA is set to complete the construction of 100 132/11 KV substations over the next three years
An Iranian interior ministry spokesperson denied the attacks took place
The UAE has committed to reduce production by 139,000 barrels per day in the first half of 2017
Brent has averaged about $45 per barrel in 2016
Regulators and policy makers are adopting new technologies in the energy sector
The ocmpany operates 179 retail petrol stations in Oman
The cost of diesel has also been hiked by nearly 7.2 per cent
The expansion project includes new power generation units with a capacity of 700MW
The commission includes five members: Kuwait, Algeria, Venezuela, Russia and Oman
The second phase of the park will eventually generate 200 megawatts
The report claimed Aramco planned to sell 49 per cent of its shares over the next 10 years
Laffan 2 will add an additional 146,000 bpd capacity to the the refinery
The company is targeting 2018 for what is expected to be the world’s biggest IPO
In exchange, BP has got a 10 per cent stake in Abu Dhabi Company for Onshore Petroleum Operations
ADNOC struck a $2.2bn deal with BP for a 10 per cent stake in the ADCO concession on Saturday
The new wind turbine will generate 2.75 megawatts of power at its peak
Under the agreement BP will manage the Bab oilfield
The country said any additional supplies will compensate for a cut from other fields
The new ventures will focus on boosting Saudi Arabia’s domestic capabilities in the oil industry
OPEC last month finalised a plan to cut output by about 1.20 million bpd from January 1
The organisation’s final report of the year said the new OPEC/non-OPEC deal would end the current oil glut
The move is one of the first visible indicators that oil markets could be physically tighter in 2017
The transition will take around 12 months to complete
The first phase of the Hassyan clean coal project comprises four units of 600MW net power
Marzouq has previously served as head of the country’s stock exchange
The market’s focus will now switch to compliance with the agreement
Most energy professionals expect OPEC output will decline but stand well above the deal’s target
The deal was announced days after Russia and OPEC agreed to coordinated output cuts to support oil prices
Analysts said the deals showed major oil companies were prepared to keep doing business with Iran