Energy Industry

Oct 8, 2018

GE firm buys 5-percent stake in Abu Dhabi's state driller

General Electric subsidiary to buy 5-percent stake in drilling arm of Abu Dhabi's oil company for $550 million


Oct 6, 2018

Bombs in former IS strongholds in Iraq kill 1, wound 16

Police say two bombs have exploded in former strongholds of the Islamic State group in central Iraq killing one person and wounding 16


Oct 5, 2018

ExxonMobil to drill off coast of Cyprus; Turkey protests

A top ExxonMobil executive has affirmed that the energy company will go ahead with a search for natural gas off Cyprus by the end of the year


Oct 3, 2018

Trump: Saudi king wouldn't last 2 weeks without US support

President Donald Trump says Saudi Arabia's king "might not be there for two weeks" without U.S. military support, as he sought to pressure the close American ally over rising oil prices


Oct 2, 2018

Iran's rial unexpectedly rallies after weeks of steep falls

Iran's currency has unexpectedly rallied after weeks of depreciation linked to renewed American sanctions, sending Iranians rushing to exchange shops to cash in


Oct 2, 2018

Amid currency's freefall, Yemen receives cash injection

Saudi Arabia shores up Yemen's government with $200 million cash infusion as local currency goes into freefall


Sep 30, 2018

Iraq's Kurds hold elections for regional parliament

Iraq's self-ruled Kurdish region holds parliament elections, year after independence vote sparked backlash from Baghdad


Sep 26, 2018

Amnesty: Firm by Qatar 2022 World Cup site didn't pay wages

Amnesty International says contractor involved in projects around stadium for 2022 World Cup didn't pay its workers


Sep 24, 2018

Iran: US wish to halt Iran's crude exports won't come true

Iran's oil minister: US will not succeed in plans to halt Iran oil exports; South Korea stops buying Iranian crude


Sep 23, 2018

Iran-backed militias accused of reign of fear in Iraqi Basra

Activists in Iraq's oil capital of Basra say the city's powerful Iranian-backed Shiite militias used violence, threats to silence protests against them