Middle East

Slew of Spanish Lawsuits Filed over Renewable Energy Reforms

Spain's Supreme Court has accepted at least 125 lawsuits so far this month from firms and individuals fighting energy reforms, official data showed, after the government

DMCC Employs Zarghamian

Dan-Bunkering (Middle East) DMCC announced that Sahar Zarghamian joined the company on August 11 in the position of Bunker Trader. Sahar who was born in Iran

Oil Prices Fall on Sluggish Demand, Ample Supply

Crude oil futures fell on Monday as ample supply and slowing economic growth in Europe and China outweighed expectations of a cut in oil output from the Organization

Azerbaijan Expects Absheron Gas Production Start in 2021

French oil firm Total is expected to start production at Azerbaijan's Absheron gas field in the Caspian Sea in 2021, the Azeri energy minister told a local newspaper,

China's Navy Enters Strait of Hormuz

Bandar Abbas, home of Iran's navy and the main port in the strategically important Strait of Hormuz, is currently hosting two Chinese naval vessels on a five-day goodwill visit,

How Islamic State Uses Syria's Oil to Fuel Its Advances

In an oil field in northeastern Syria, a queue of trucks lines up daily to load crude sold cheaply by Islamic State militants who have hijacked parts of the country's

Watson, Farley & Williams Opens Office in Dubai

Watson, Farley & Williams (WFW), an international law firm, has opened its 14th office, in Dubai, United Arab Emirates (UAE). The opening is in response to increasing

Oil Edges Below $99 but Supply Risks in Focus

Oil traded slightly lower below $99 a barrel on Thursday, pressured by ample supply and concern over the weakening of demand growth in major consumer nations, as well as a rise in the U.

World’s Largest Fast Crew Boat Christened at Incat

The 70-meter Fast Crew Boat (FCB) was christened Muslim Magomayev at a ceremony at the Incat shipyard on Monday, September 15. This is the first vessel that

Oil Steadies Around $99 on Possible OPEC Output Cut

Brent crude oil steadied at around $99 per barrel on Wednesday, after jumping on Tuesday on hopes the Organization of the Petroleum Exporting Countries (OPEC) would

UFG to Drop Egypt Lawsuit if Israel Import Deal Cleared

Spain's Union Fenosa Gas (UFG) may drop a lawsuit against Egypt if it approves a deal for the company to import Israeli gas into its idle liquefied natural gas (LNG) export plant in Egypt,

Oil Above $98, OPEC Supply Comments Offset Concern

Brent crude oil rose above $98 per barrel on Tuesday, as the prospect of a likely supply cut from OPEC outweighed the impact of weak demand from the world's biggest energy consumers.

Azeri Oil Exports Decline in 2014

Azerbaijan's oil exports fell 1.8 percent year on year in the first eight months of 2014, a source at the State Statistics Committee said on Tuesday, driven by declines at fields operated by BP.

Mideast Crude Tanker Rates Near 3-month Low

Crude oil tanker earnings on the major Middle East route fell to their lowest in nearly three months as a slowdown in business in recent days battered rate sentiment.

Pressure Grows on Leviathan to Finalize Gas Deals

The group developing Israel's giant Leviathan gas field is running out of time to clinch binding major supply deals with Egypt and Jordan to ensure government support

ProSep Appoints McPherson for Middle East

Houston headquartered oil, gas and water treatment specialist, ProSep has appointed a General Manger for the Middle East as it plans for significant growth in the region.

Russia's Energy Minister to Meet OPEC as Oil Price Falls More

Russian Energy Minister Alexander Novak will meet OPEC officials on Tuesday in Vienna, his spokeswoman said, as oil's price fall piled pressure on Moscow's budget.

Marlink VSATs Chosen for UASC Containerships

United Arab Shipping Company (UASC) has selected WaveCall Plus VSAT (Very Small Aperture Terminal) services from Marlink to provide reliable connectivity for its new build fleet of 17 containerships,

Dana Gas Gets Finance for UAE Offshore Project

Dana Gas, the Middle East’s leading regional private sector natural gas Company, says  it has secured, through its wholly owned subsidiary Dana Gas Explorations FZE,

Israel Eyes Pipeline to Export Natural Gas to Southern Europe

Israel's foreign minister said on Wednesday the preferred way to export its recently discovered natural gas reserves to Europe would be via a pipeline to southern Europe.

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