Energy Industry

May 6, 2018

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

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


May 2, 2018

Cyprus and Israel look to settle gas dispute

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


May 2, 2018

IMF: Mideast not growing fast enough to reduce unemployment

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


Apr 30, 2018

Japanese prime minister praises relations with oil-rich UAE

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


Apr 29, 2018

Japan PM Abe arrives in UAE on Middle East trip

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


Apr 29, 2018

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

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


Apr 26, 2018

Cypriots link arms to protest planned Russian nuclear plant

Protesters are urging ethnically-split Cyprus' government and breakaway Turkish Cypriot authorities to step up their protests against a nuclear power plant that Russia is building for Turkey


Apr 26, 2018

Iraq awards UAE, China rights to develop oil in northeast

United Arab Emirates energy company, Chinese firms emerge as only winners in Iraq's rushed oil bidding round


Apr 25, 2018

Iraq's move to rush oil bidding could deter some firms

Iraq speeds up oil and gas bidding process ahead of national elections, in a move that could deter some firms


Apr 25, 2018

Italian energy firm Eni to drill more off Cyprus coast

Eni's chief executive says the Italian company will proceed with more exploratory drilling south of Cyprus over the next 20 months, affirming a "strong engagement and commitment" in a hydrocarbons search off the east Mediterranean island nation