Exclusive interview with Marasi News Magazine, Mr. Abdallah Saeed Al Suwaidi, Chief Executive Officer at the National Drilling Company (NDC)
United Arab Emirates energy firm Dana Gas posted a 73.3 per cent drop in its first-quarter net profit on Tuesday due to lower hydrocarbon prices but said it was pressing ahead with an offshore gas project in its home country.
Dubai Maritime City Authority ( DMCA ), the government authority charged with regulating, coordinating and supervising all aspects of Dubai's maritime sector, has announced its sponsorship and participation in the Middle East Offshore Journal Conference 2015.
Saudi Arabia's government is expected to announce spending cuts and a drive to raise revenue from new sources as it lays out a strategy to cope with an era of cheap oil, people familiar with Saudi policy-making said.
Iran's crude OIL EXPORTS are set to hit a six-month high in December as buyers ramp up purchases in expectation that sanctions against the country will be lifted early next year.
Saudi Arabia, the world's top crude exporter, has cut the supply of January-loading Arab Extra Light crude to some buyers in Asia and replaced it with Arab Light, four industry sources familiar with the matter said.
'We will live in a different reality,' said a top Kremlin official. The message is aimed squarely at Saudi Arabia in a war for market share