Gulf

Electricity Trade

Iraq Signs Deal To Plug into Gulf Power Grid

It is the second deal the ministry signed in as many days to boost electricity supply in Iraq, where generation falls about 9 gigawatts below estimated demand o…

Pumped Energy Storage

DEWA Invest $391 Million For A 250-MW Pumped-Storage Project in Dubai

The Dubai Electricity and Water Authority (DEWA) has awarded a Dh1.437 billion ($391 million) construction contract for a 250-MW hydropower project in the Unite…

Oil & Gas Trade

​Iran Said Seized A Foreign Oil Tanker in the Persian Gulf

Iran said Sunday it has seized a foreign oil tanker in the Persian Gulf for allegedly smuggling fuel, according to the official IRNA news agency.

Oil & Gas Trade

Decision to Sanction Iranian FM is Latest Blow by President Donald Trump

Iran accused the United States on Thursday of "childish behaviour" driven by fear after Washington imposed sanctions on its foreign minister, escalating tension…

Oil & Gas Trade

BP Said "Certainly Not Sending British Ships and Crews" Through the Strait of Hormuz

BP plc, the British oil giant that had to shelter one of its tankers in the Persian Gulf this month in fear it could be targeted by Iranian forces, is avoiding …

Oil & Gas Trade

Saudi Arabia is Looking to Raise the Capacity of its East-West Oil Pipeline to 7 Million Bpd

Saudi Arabia, the world’s top crude oil exporter and the largest oil producer in OPEC, is one of the few oil producers in the Middle East that have some altern…

Crude

The Extension of the OPEC+ Oil Production Cuts will Impact the Economies of Arab

The extension of the OPEC+ oil production cuts into 2020 will impact the economies of the key Arab oil producers, according to a quarterly Reuters poll of 30 ec…

Oil & Gas Trade

Iran Says Tanker Incidents Have Not Impacted Its Oil Exports

Britain has called Iran's capture of the Stena Impero in the Gulf on Friday a "hostile act" and rejected Tehran's explanation that it seized the vessel because …

Oil&Gas Drilling

The U.S. Offer 77.8 Million Acres Sale for Oil and Gas Exploration and Development in the Gulf of Mexico

The proposed sale will be the fifth offshore sale under the US Administration’s Outer Continental Shelf (OCS) Oil and Gas Leasing Program for 2017-2022. The US…

Nuclear Fuel

What America Should Do About Nuclear Power of The Middle East

As the United States continues to address the nuclear ambitions of Iran—currently resulting in sanctions and tensions in the Persian Gulf and Strait of Hormuz…

Oil&Gas Drilling

Oil And Gas Activity To Recover in Gulf of Mexico After "Barry"

Oil and gas activity is beginning to return to the Gulf of Mexico this week after Hurricane Barry swept through the region and up into Louisiana.

Crude

​Tropical Storm Barry Reduces Gulf Crude oil Output By 59 Percent

Crude oil output in the U.S.-regulated areas of the Gulf of Mexico has been cut by almost 59 percent, or 1.1 million barrels per day, because of Tropical Storm …

Oil & Gas Trade

Oil Tanker Event Marked the Latest Escalation of Tensions in the Persian Gulf

Britain said Thursday that three Iranian vessels unsuccessfully tried to impede the passage of a British commercial vessel through the Strait of Hormuz, signali…

Oil & Gas Trade

A tanker Damaged by Iran's Bombing Has Reopened

According to ship tracking data compiled, the Andria Victory is sailing in the northern Gulf and has listed Iran's Bandar Imam Khomeini as its destination.

Trump: "No Need for US Presence in Gulf, We Are World's Largest Energy Supplier"

US President Donald Trump yesterday said there was no need for his country to be present in the Gulf region, especially since the US has become the world's larg…