Just as tensions in the Middle East began to escalate, it seemed that regional, political and military factors will significantly influence oil price increase in the long term. Yet, it proved that no more than a week after a partial relief, crude oil prices are 10 % down, Gulf Brokers reported.

While price of Brent Crude oil marker grew to 70 USD per barrel shortly after the attacks, it declined to 64 USD per barrel on 16th January. Furthermore,"...

Anton Oilfield Services Group, an international integrated oilfield service company, had an anniversary gala with about 500 guests in Beijing on January 19th, 2020 to celebrate their 20 years of achievement.

From local start-up to international company

Anton Oilfield Services Group was established in Tarim Basin, China in 1999. Under the leadership of Luo Lin, the entrepreneurial"...

PARIS: Oil and gas companies must boost investment in low carbon energies or face an increasing backlash that could threaten their long-term profits and social acceptance, the International Energy Agency (IEA) said on Monday.
In a report with the World Economic Forum presented in Davos, the IEA said oil and gas companies face a critical challenge as the world increasingly adopts clean energy transitions to curb global warming.
Around 15 per cent of global energy-related emissions come from the process of getting"...

SNC-Lavalin announces that it has been awarded an engineering services contract from Al Dhafra Petroleum, a joint venture company between ADNOC and the Korea National Oil Corporation and GS Energy. This contract win is aligned with SNC-Lavalin’s new strategy moving forward to greater growth and engineering services.

Under the nine-month agreement, SNC-Lavalin will provide front-end engineering and design (FEED) services for the second phase"...

AMMAN, Wednesday, January 15, 2020 (WAFA) - The Jerusalem District Electricity Company (JDECO) and the Jordanian National Electricity Company signed today in the Jordanian capital, Amman, an agreement to raise Palestine’s electricity supply capacity by bolstering the electrical connection between them that would allow an increase in the quantity of current exported to Palestine from 26 MW to 80 MW.

The agreement was signed in the presence"...

The Emirates Nuclear Energy Corporation (ENEC) has showcased at World Future Energy Summit the impactful role that nuclear energy will play in sustainably powering the growth of the country, in line with the UAE Energy Strategy 2050.

The strategy includes a reduction in carbon dioxide emissions by 70 per cent, an increase in clean energy use by 50 per cent and a 40 per"...

The Palestinian Authority (PA) has paid Israeli Electric Corporation 700 million shekels ($202 million) in part payment for debts it has accrued, Israel’s Reshet Bet radio station reported yesterday.

Quoting a PA source, the channel said that the money was borrowed from Palestinian banks and makes up part payment of the 1.8 billion shekel ($512 million) debt.

According"...

SINGAPORE (Reuters) - Oil prices slipped on Wednesday on concerns that the pending Phase 1 trade deal between the United States and China, the world’s biggest oil users, may not boost demand as the U.S. intends to keep tariffs on Chinese goods until a second phase.

U.S. Treasury Secretary Steven Mnuchin said late on Tuesday that tariffs on Chinese goods will remain in place until the completion of a second phase of a U.S.-China trade agreement,"...

With the coal power sector in India struggling for the last few years, the Indian government has proposed carbon tax waiver on coal which may pose significant risk to India's renewable energy sector growth, says GlobalData, a leading data and analytics company.

The waiver is an attempt to help finance pollution curbing equipment and alleviate significant debt levels"...

Mubadala Investment Company’s real estate and infrastructure arm and Abu Dhabi National Oil Company (Adnoc) have signed a new long-term lease for 8,194 sq m in Sarab Tower, one of four towers located at Al Maryah Island’s Abu Dhabi Global Market Square (ADGM Square).

ADGM Square totals 182,000 sq m of leasable space and is approximately 70 per cent occupied."...