December 11, 2018

Up to $60 a barrel is oil sweet spot for airlines, says...

Fuel prices below $60 a barrel would be the sweet spot for airlines, according to the chairman of Dubai-based aviation giant Emirates and its budget sister carrier Flydubai, after both airlines reported a dent in profits from rising fuel bills.

“From"...

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December 9, 2018

The three key decisions shaping the markets this month

One key decision down and two more to go before the end of the year. The Opec agreement to cut oil production over the weekend marks the first of three important policy decisions being made this month. The other two will be about Brexit in the coming week in the British Parliament and about"...

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December 4, 2018

Tullow Oil redefines future ambitions

The fortunes of Paul McDade and Tullow Oil have mirrored each other for almost three decades.

Drawn to the industry in the 1980s as a way to see life outside his native Scotland, Mr McDade moved through the Middle"...

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December 1, 2018

Tokyo Gas Switches to Rimini Street Support for SAP Applications...

(AETOS Wire)-- Rimini Street, Inc. (Nasdaq: RMNI), a global provider of enterprise software products and services, and the leading third-party support provider for Oracle and SAP software products, today announced that Tokyo Gas Co., Ltd., Japan’s largest provider of city gas, has switched to Rimini Street support for its SAP BusinessObjects application. By switching to Rimini Street support, Tokyo Gas finds it now receives a vastly improved service model which is more comprehensive and responsive than what they had received before; the company can also maximize its current, stable SAP application without the need to upgrade just to stay......

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November 29, 2018

Middle East economies still dominated by oil sector development...

Economic recovery in the Middle East is slowly gathering momentum after last year’s slump, when economic growth slowed to an eight-year low at only 0.9 per cent, according to ICAEW’s latest Economic Insight report.
Overall, the Middle East’s GDP is expected to grow"...

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November 28, 2018

Disused oil rigs provide salvagers with multi-billion dollar...

Scottish marine salvage group Ardent is adapting the tanks it used to refloat the Costa Concordia, the cruise ship wrecked off the Italian coast in 2012, to decommission North Sea oil platforms.

It is one of several"...

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November 28, 2018

Despite fall in crude prices, Asian motorists yet to see...

US President Donald Trump has boasted that falling crude prices are like a tax cut for the world, however, motorists in much of Asia have yet to pocket substantial savings from the recent rout in oil markets.

Since"...

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November 22, 2018

PermianChain offers crypto asset-class to oil sector

PermianChain Technologies, a blockchain solutions provider, is introducing the Permian Token (XPR), a crypto asset-class that will underpin holding rights to the value of potential but undeveloped oil and gas reserves.

XPR is expected to eliminate the layers of bureaucracy"...

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November 21, 2018

Gas Company distributes 189 cars of gas cylinders in Sanaa...

SANAA,Nov.19 (Saba) – The Gas Company distributes 189 cars of gas cylinders to man who responsible for his neighborhood for distribution to citizens. The Gas Company distribution 21 cars of gas cylinders to the restaurants, while the company worked many gas station in several provinces, the price of the cylinders 2100 Meanwhile, 55 cars carried Gas cylinders from Safer directorate including them 17 cars to the capital Sanaa,38 cars to the other provinces. Saba ...

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November 21, 2018

Dana Gas and Crescent Petroleum Announce 30% Gas Production...

Dana Gas, the Middle East’s leading publicly-listed regional natural gas company, and its partner Crescent Petroleum, have announced achievement of a 30% increase in production capacity at the Khor Mor field in the Kurdistan Region of Iraq, which the companies jointly operate on behalf"...

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