Tuesday, June 18, 2019

Energy

The latest oil & gas and energy news from the Middle East – only on Business Live ME.

Aramco Pumps Oil at Fraction of Rivals’ Costs and Way More...

(Bloomberg) -- Saudi Aramco can pump oil at a fraction of the cost of rivals and extracts more from beneath the Arabian Peninsula’s deserts and...
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Saudi Aramco Is the Most Profitable Company on Earth by Far

Saudi Aramco was the world’s most profitable company in 2018, easily surpassing U.S. behemoths including Apple Inc. and Exxon Mobil Corp., according to an...
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BP and Shell Both Claim to Be Number One in Investor...

(Bloomberg) -- In the cutthroat game of global capitalism, there can be only one winner. Unless you’re an oil company. Both BP and Shell are claiming...
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Saudi Aramco to Acquire $69 Billion Sabic Stake in Record Deal

(Bloomberg) -- Saudi Aramco, the world’s biggest oil producer, will buy a majority stake in local chemical giant Sabic from the kingdom’s sovereign wealth fund...
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Obscure Pollution Rule May Cost Middle East Billions

(Bloomberg) -- The world’s biggest oil-exporting region may lose billions of dollars in annual revenue when an arcane United Nations requirement for ships to burn...
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Energy innovation gains momentum in Oman

Initiatives are in place to establish Oman as a centre for energy technologies and innovation in the region. SparkLabs Energy’s inaugural Demo Day recently showcased...
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OOMCO Celebrates 15 Years Of Transforming The Fuel Industry

Under the patronage of H. E. Ahmed bin Abdullah bin Mohammed Al Shuhi, Minister of Regional Municipalities and Water Resources, Oman Oil Marketing Company...
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PetroChina’s $45 Billion Can’t Feed a Dry Well

(Bloomberg Opinion) -- It’s remarkable what a little money can do. Faced with a declining reserve base and a government mandate to increase domestic production,...
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PDO to create 21,000 job opportunities for Omanis in 2019

Petroleum Development Oman (PDO) has unveiled a significant new employment commitment by sponsoring the training of more than 2,000 young Omanis to work in...
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PDO to ramp up oil production to 670,000 bpd

Petroleum Development Oman (PDO) has announced plans to ramp up oil production to a new level of 670,000 barrels per day (bpd) in the...
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