Gulf

Why is the Gulf Going Nuclear?

The UAE has embraced nuclear power.

Iran

Iran Launches Phase 1 of Qeshm Oil Export Terminal

Iranian president Hassan Rohani has inaugurated the first phase of a new oil export terminal on Iran's Qeshm island, at the mouth of the Gulf of Oman.

Wind Power Project

Government of Egypt, Vestas Sign 250MW Wind Deal

The Government of Egypt has signed an agreement with Vestas and other European partners to develop a 250MW wind project located in the Gulf of Suez.

Oil&Gas Drilling

Trump Administration Looks at Allowing Longer Extensions to Remote Offshore Wells

The U.S. government is considering changes to policies for oil companies operating in the offshore Gulf of Mexico that might allow existing platforms to lengthe…

Offshore Wind Power

Estonia and Latvia to Jointly Develop 1 GW Offshore Wind Farm

The governments of Estonia and Latvia have signed a memorandum of understanding to jointly develop an offshore wind farm in the Gulf of Riga, the Baltic Sea.

Crude Oil

Iran Clears Oil Spill in Northern Gulf Region

Iranian teams have cleaned up an oil slick near field in the northern region of the Gulf that had extended over a six-square-km area.

Crude Oil

Crude Shipments Resume from Pemex Floating Oil Storage Unit After Collision

An oil production and storage vessel operated by Mexican state oil firm Pemex in the Gulf of Mexico has resumed crude shipments after a tanker collision halted …

Crude Oil

US Crude Stocks Build on Higher Imports, Distillates Inventories Hit 37-yr High: EIA

US crude oil stockpiles grew last week and inventories on the Gulf Coast hit a record high as imports from Mexico rose to an eight-year high.

Offshore Wind Power

Gulf Energy to Acquire 50% Stake in German Offshore Wind Farm

A subsidiary of Gulf Energy Development has signed an agreement to acquire Borkum Riffgrund 2 Investor Holding, which owns 50% of the Borkum Riffgrund 2 Offshor…

Crude Oil

Oman Steps Up Plan to Build Middle East's Biggest Oil-Tank Farm

Oman's ambitious goal of building the biggest oil-storage facility in the Middle East is finally progressing, more than seven years after the Gulf sultanate ann…

Oil Field

Massive Fire at Assam's Baghjan Oil Well

A massive fire engulfed the damaged Baghjan oil well on Tuesday which has been spewing gas uncontrollably for the last 14 days in Assam's Tinsukia district.

Solar Power Plant

Solar Plant Starts Feeding Power to Oil Companies in Oman

Petroleum Development Oman, in which Royal Dutch Shell Plc and Total SA hold minority stakes, has begun receiving power from the Gulf Arab country’s largest ph…

Market Analysis

Global Oil Demand Could Take Years To Recover

Global oil demand will take at least a year to return to the pre-crisis levels of 100 million barrels per day , Fatih Birol, Executive Director of the Internati…

Oil & Gas Trade

Shell Delays Decisions on Deepwater Projects Amid Oil Price Rout

Shell has delayed a decision on whether to proceed with two large oil and gas development projects in the gulf of Mexico and the north sea.

Oil Pipeline

Shell Restarts US Offshore Oil Hub After Pipeline Leak

Royal Dutch Shell Plc resumed production of 100,000 barrels a day Tuesday at its Perdido deepwater center in the U.S. gulf of Mexico.