Industry

Kuwait Energy and NOV Q4 profits surge

Kuwait_Energy_NOV_1Kuwait Energy and National Oilwell Varco (NOV) have both reported higher Q4 revenues, rising 27 per cent and 30 per cent respectively.

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Emerson signs MoU with Petroleum Institute

Emerson_MoUEmerson Process Management has signed a Memorandum of Understanding (MoU) with the Petroleum Institute of Abu Dhabi (PI), to support the PI engineering programs through technology transfers, and development programs that bring industry and academia together.

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ExxonMobil Q4 earnings up 1.6 per cent

ExxonMobil_Q4Exxon Mobil's Q4 earnings edged up 1.6 per cent as high oil prices offset impacts from lower production and weak refining margins.

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Saudi assurance to prevent global oil disruption

Saudi_oilSaudi Arabia's oil minister, Ali Naimi, stated that the country would be able to step in and prevent any potential oil disruption to global oil supplies from the escalating tensions over the EU sanctions on Iran's oil exports

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Iranian oil embargo could see oil prices skyrocket: IMF

straight-of-hormuzThe International Monetary Fund (IMF) has warned oil prices could jump by as much as 20-30 per cent if Iranian exports are disrupted by US and EU sanctions.

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