Industry

Aramco reaffirms partnership

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Saudi Aramco reinforced its commitment to cutting-edge research and education in the oil and gas industry recently when Ahmed M. Alzayyat, managing director of Aramco Overseas Co., made a donation to the Delft University of Technology (TU Delft) on behalf of the company.

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Energy investment to surpass expectations

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The UAE has overtaken Qatar to become the region's second largest energy investor with its potential capital in the sector totaling around US$74 billion during 2011-2015, official figures have shown.

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Statoil sees UAE opportunities

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Statoil, Norway's biggest oil producer, plans to challenge Abu Dhabi National Oil Co's existing partners such as ExxonMobil Corp and Royal Dutch Shell for a role in the UAE's resources.

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Kuwait’s northern oil fields to produce 860,000 bpd

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Kuwait's northern oil fields have seen a ramp up in production which has come about by the successful completion of an early production facility that has increased oil production in the country's north fields to 860,000 bpd.

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Oman's CreditWatch rating placed on negative on possible economic and fiscal pressures

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Standard & Poor's Ratings Services placed its 'A/A-1' long-term and short-term local and foreign currency ratings on the Sultanate of Oman (Oman) on CreditWatch with negative implications.

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