Tag Archives: The National

The financing will help deliver and secure more than two gigawatts of new power.

Oil prices have plunged by around 30 per cent since their last peaks in early October.

Thanks to shale. US oil production surged to a record level of 11.6 million barrels per day earlier this month.

Libya has northern Africa'.s largest proven reserves of oil - at 48 billion barrels.

Gazprom Neft could partner with Mubadala. Adnoc and other companies in the development of oil and gas reserves.

The capital plans to boost oil output capacity to 4 million bpd by 2020 and 5 million bpd by 2030.

BP concluded its purchase of global miner BHP Billiton for $10.5bn earlier this year.

The agreement is in line with recent trends towards locking in longer-term supply of products in Asia.

Weatherford posted a net loss of $199 million (Dh730.8m) for the third quarter year-on-year.

Exxon still sees a bright future for the oil industry. with 2.5 billion people set to enter the middle class in the next 20 years.