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Wed, 07 Jan 2009 | 19:54 GMT
 
Top Oil & Gas News

  • Oil prices firm before US energy report


    Oil prices recovered some lost ground on Wednesday as traders awaited the latest weekly snapshot of US energy stocks, a key indicator for the market. AFP - 07Jan 13:26GMT
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  • VideoDana Gas plans to boost production 76% in 2009


    (Arabic) UAE's Dana Gas plans to increase its production rate by 76% in 2009 and to extract about 300 million standard cubic feet per day from its fields in Kurdistan region of Iraq. Al-Arabiya - 07Jan 11:50GMT
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  • VideoSaudi Nama unit gets SAR210 million loan


    (Arabic) Saudi Nama has got the Saudi Industrial Development Fund's approval to get a SAR210 million loan for its chemical unit JANA which will use it to boost its production capacity to 100%. Al-Arabiya - 07Jan 10:57GMT
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  • Oil prices slip before US energy report


    Oil prices fell Wednesday on profit-taking as traders awaited the latest weekly snapshot of crude inventories in key energy consumer the United States. AFP - 07Jan 10:30GMT
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  • Energy City Qatar awards QR40m contract to firm


    Energy City Qatar awarded a QR40m contract to Qatar-based AMMICO for the construction of Phase I of its headquarters at the currently being developed Lusail project. The Peninsula - 07Jan 06:34GMT
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  • Oil Prices Mixed In Asian Trade


    Oil prices were mixed in Asian trade Wednesday after recent rallies, analysts said. New York's main futures contract, light sweet crude for February delivery, was down one cent to 48.57 dollars a barrel, after falling 23 cents to 48.58 at the close of trading Tuesday on the New York Mercantile Exchange. AFP - 07Jan 04:39GMT
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  • Dow Considers Legal Action Against Kuwait


    Dow Chemical, the largest chemicals group in the US, on Tuesday said it was considering legal action against Kuwait after the Gulf emirate last month cancelled a planned $17.4bn petrochemicals joint venture. Financial Times - 07Jan 04:29GMT
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  • Dow Chemical Plans Legal Action on Kuwait Deal


    Dow has said it will seek to enforce its rights under the terms of the various agreements and the JVFA executed by Dow and PIC since the joint venture partnership was first announced in December 2007. Press Release - 06Jan 14:15GMT
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  • Dana Gas target 76% increase in production rate in 2009


    Dana Gas PJSC expects a strong year of growth in both production and operations in 2009, building on the Company's significant achievements of 2008. Press Release - 06Jan 12:17GMT
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  • Iraq's oil exports exceeded 54 million barrels in December


    Spokesperson for the Iraqi Oil Ministry on Tuesday said that Iraq's exports of crude oil in December 2008 reached 54.45 million barrels. Aswat Aliraq - 06Jan 11:57GMT
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» More Top Oil & Gas News
 
 
 
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The Toolbox

Companies     

Shifting Targets

Target Engineering Construction Company shifted its focus from civil contracting by expanding its electromechanical and marine contracting activities to generate 58% of its 2006 revenues. Arabtec later acquired 60% of the company in 2007 to assimilate Target’s Oil and Gas and Power market share.


 
»  Profile | Officers | News

Video     

Nama CEO Talks About Jubail Chemical Industries' Loan
 
Arabic language (4:10)
Abdulmohsen Al Ogaili says that loan of Nama's chemical unit Jubail Chemical Industries is a 10 year loan - 07Jan
 
» Watch Video | More Videos

Research     

Dana Gas
TAIB Securities WLL - 05 Jan 2009

TAIB initiates coverage on Dana Gas with an OVERWEIGHT investment opinion and a target price of AED 0.84, representing a 40.7% upside potential to the current market price AED 0.6. The company is expected to achieve FY08 net profit of AED 277 million, compared to AED 85 million for FY07. The stock is trading at a PE of 12.98x for FY08E.

» Read Report
 
» Quote | Profile | News | Financials | Estimates | Charts

Radio     

Energy Market Outlook For 2009
 
Michael Corke, Senior Vice President at Purvin & Gertz, discusses the energy market outlook for 2009.
Dubai Eye - 04 Jan 2009

» Listen To Interview Audio
 
 
 
 
Community Buzz

Stories in Oil & Gas

 

Companies in Oil & Gas

Most viewed companies by Community in the last 24 hrs
Company Name Country Industry
Sonatrach Algeria Oil
Saudi Basic Industries Corporation Saudi Arabia Petrochemicals
Qatar Petroleum Qatar Oil
Abdulhadi Al Qahtani and Partners for Marine and Oil Field Services Saudi Arabia Oil and Gas Field Services
Sudan Petroleum Company Sudan Oil
Emirates National Oil Company UAE Oil
Saudi Arabian Oil Company Saudi Arabia Oil
ExxonMobil Corporation Overseas Oil
Abu Dhabi Oil Refining Company UAE Oil
Sudanese Petroleum Corporation Sudan Oil
 

Posted on 06Jan
Comments

 
Dow should have known better
“...Who knows how the Kuwaitis will react to being sued, but it won't go down well for sure. I'm sure Aramco, with which Dow has a JV for the Ras Tanura project, will be taking note with interest.”
 
 

Projects in Oil & Gas

Most viewed projects by Community in the last 24 hrs
Project Name Country Sector
Ras Tanura Integrated Refinery and Petrochemicals Complex Saudi Arabia Oil and Gas
QP - Al Shaheen Refinery Qatar Oil and Gas
KNPC - Al Zour Refinery Kuwait Oil and Gas
ADCO - SAS Field Development UAE Oil and Gas
IPIC - Abu Dhabi Crude Oil Pipeline (ADCOP) UAE Oil and Gas
Aramco - Karan Gas Field Development Saudi Arabia Oil and Gas
SATORP - Jubail Refinery and Petrochemical Complex Saudi Arabia Oil and Gas
Aramco - Karan Gas Field Development (Offshore part) Saudi Arabia Oil and Gas
ADCO - Phase 1 Development Programme UAE Oil and Gas
ADNOC Sour Gas Fields Development - Shah Field UAE Oil and Gas
 
 
 
 
Zawya Network
287 members in Oil & Gas
 
Market Metrics
 
ICE Brent $/bbl
46.01
NYMEX WTI $/bbl
42.84
Dubai Crude ($/bbl)
48.02
OPEC Basket $/bbl
37.94
Nat. Gas $/MMBtu
5.86
Products
 
ICE Brent (Futures)
BRI-
Pct Change
 - 8.78%
Net Change
 - 4.43
YTD Change
+ 14.60%
» Charting 19:45 GMT 07Jan
NYMEX WTI (Futures)
NYMWTI-
Pct Change
 - 11.67%
Net Change
 - 5.66
YTD Change
 - 3.95%
» Charting 19:45 GMT 07Jan
NYMEX Dubai Crude (Futures)
DUB-
Pct Change
+ 1.69%
Net Change
+ 0.80
YTD Change
+ 18.48%
» Charting 23:25 GMT 06Jan
OPEC Reference Basket
OBP-
Pct Change
 - 3.19%
Net Change
 - 1.25
YTD Change
0.00%
» Charting 08:45 GMT 10Dec
NYMEX Nat. Gas (Futures)
NYMNGS-
Pct Change
 - 2.01%
Net Change
 - 0.12
YTD Change
+ 4.23%
» Charting 19:45 GMT 07Jan
NYMEX (¢/gal)
Heating Oil
164.78
 07Jan19:45
Unleaded
118.63
 07Jan19:45
Propane
77.13
 06Jan21:50
 
ICE ($/MT)
Gas Oil
513.00
 07Jan19:45
All times expressed in GMT
 
 
Zawya Select
ZawyaSelect
Qatar
Gas Beats Oil
Qatar's fast growing gas sector has overtaken its crude oil industry for the first time since the Gulf Opec producer launched mega LNG projects to tap the world's largest gas field, official figures showed yesterday.
 
 
Saudi Arabia
Ghawar's Black Gold
Straddling over an area bigger than Qatar and housing more than six per cent of the world's oil wealth, Saudi Arabia's Ghawar is yet to be fully explored though it has been pumping crude for more than half a century.
 
 
Queen Of Oil
In 1961, Wanda Jablonski set up her own publication, Petroleum Intelligence Weekly, where she unveiled the mysteries of that secretive world, helping to reshape the industry and loosen the grip of western oil companies.
 
 
Company Ranking
Ranked by Market Cap 
Based on yesterday's close
 | No. of Employees | Total revenue
  Company Country Market
Capital
($mil)
1 Saudi Basic Industries Corporation Saudi Arabia 47,390
2 Industries Qatar Qatar 13,955
3 Saudi Arabian Fertilizer Company Saudi Arabia 6,815
4 Saudi Kayan Petrochemical Company Saudi Arabia 4,619
5 Rabigh Refining and Petrochemical Company Saudi Arabia 4,543
» View Full List
 
Related Information
  Companies in Oil & Gas  (604)
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  EIU Forecast For Oil & Gas Sector
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  BP Statistical Review of World Energy 2007
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