The current account surplus narrowed to $2.8bn in Q3 2015 on lower hydrocarbon exports: QNB Economics
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OPEC points to larger oil surplus in 2016
OPEC, in its monthly report, indicates supply will exceed demand by 720,000 bpd in 2016, up from 530,000 bpd implied in the previous report
India seeks UAE investment in oil and gas sector
Oil Minister Dharmendra Pradhan told the visiting UAE Energy Minister Suhail Mohammed Al Mazrouei that Indian companies are interested in acquiring a stake in the Abu Dhabi Company for Onshore Oil Operations (ADCO)
Essar Oil adds twist; says talks with Rosneft on
India’s Essar Group, which owns Essar Oil, declined to comment of media reports of a likely stake sale to Saudi Aramco
QP to buy 30% stake in Chevron Morocco oil blocks
The sale will reduce Chevron’s stake in the offshore leases to 45%
Aramco cuts March light crude oil pricing for Asia
Saudi Aramco lowered its official selling price for Arab Light crude to Asia by 20 cents/bbl to $1/bbl less than the regional benchmark
Staggering 3.4mn barrels of oil produced at a loss
That’s more than UAE’s entire crude oil output
Oil & gas employees remain committed to sector
But majority are looking for new positions, new study finds
GE Oil & Gas pockets $700mn in contract wins
The new agreements were announced during GE Oil & Gas annual meeting in Florence, Italy last week
GE Oil & Gas signs long-term deal with PDO
Contract comes into effect in the second quarter of this year