Energy Industry

France's Total boosts Cypriot gas plan as it eyes Iran exit

May 21, 2018

French energy company Total says it is looking to expand its search for natural gas off Cyprus' south coast, days after warning it will likely have to exit its projects in Iran.

Scholar: Dumping fossil fuels by 2050 needed to save climate

May 19, 2018

A prominent American economist says getting rid of fossil fuels by mid-century and switching to renewable energy sources and nuclear power offers the best chance of meeting the climate change targets set out by the Paris accord

Iran signs oil deal with UK group as France's Total exits

May 17, 2018

Iran's state TV is reporting that Tehran has signed an agreement with a British consortium to develop an oil field in the country's south

Iraqi vote offers chance to chart post-IS future

May 8, 2018

Iraqis to vote this weekend in first elections since government declared victory against Islamic State group

Airplane and oil deals at risk in Trump pullout of Iran deal

May 6, 2018

Corporate deals worth billions, from airplanes to oilfields, at risk as Trump weighs Iran nuclear deal pullout

Cyprus and Israel look to settle gas dispute

May 2, 2018

Cyprus' energy minister says oil and gas companies with a stake in gas field off the east Mediterranean island will sit down with Israeli companies to settle a dispute over how much the field extends into Israeli waters

IMF: Mideast not growing fast enough to reduce unemployment

May 2, 2018

The International Monetary Fund says nearly a quarter of the Middle East's youth are unemployed, warning that unless deeper reforms are made, millions of young people entering the labor market each year may not find jobs

Japanese prime minister praises relations with oil-rich UAE

Apr 30, 2018

Japanese Prime Minister Shinzo Abe is praising relations between his country and the United Arab Emirates

Japan PM Abe arrives in UAE on Middle East trip

Apr 29, 2018

Japanese Prime Minister Shinzo Abe arrives in United Arab Emirates at start of trip across the Mideast

Austria's OMV signs $1.5B deal for stakes in Abu Dhabi oil

Apr 29, 2018

Austria's OMV has signed a deal worth $1.5 billion for a 20 percent stake in two offshore concessions in the United Arab Emirates' capital

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