ConocoPhillips (NYSE: COP - News), JSC National Company KazMunayGas (KMG) and Mubadala Development Company PJSC (Mubadala) today announced that they have signed project agreements allowing the joint exploration and development of the Nursultan Block (N Block) located in offshore Kazakhstan.
KMG as majority owner will hold a 51 percent interest in the subsoil use contract and [...]

ROME (Dow Jones)–Energy ministers from the world’s eight richest nations Monday said they would increasingly emphasize nuclear energy and the creation of a common low-carbon technology platform as solutions to climate change and supply insecurity.
The statement comes as a number of countries, including the oil-rich United Arab Emirates, are turning their attention to once-unpopular [...]

French president says he wants to help UAE stabilize world oil prices
ABU DHABI, United Arab Emirates (AP) — French President Nicolas Sarkozy urged both oil-rich nations and industrial powers Tuesday to work to stabilize world oil prices, noting that the global economy cannot afford major price swings while it works to recover from the [...]

By Mary Beth Sheridan
The White House said today that President Obama has approved an agreement to help build a nuclear-energy program in the United Arab Emirates, setting up a congressional review of the controversial accord.
The agreement was reached at the end of the administration of President George W. Bush, and left for Obama to shepherd [...]

DUBAI (AFP) — The economies of Middle East oil exporters are likely to suffer from a possible prolonged global recession as demand for the region’s main export wanes, the International Monetary Fund said on Sunday.
Government expenditure, however, should mitigate the slowdown, the IMF said in a report released in Dubai.
Arab states in the Gulf and [...]

DUBAI: A new industry is swiftly taking shape around what is expected to be the Arab world’s first independent civil nuclear power programme, according to an engineering, safety and risk management consultancy.
“Several GCC countries have shown interest in nuclear energy but it is in the UAE where moves to establish a legal and regulatory [...]

MANAMA, Feb 2 (Reuters) - Bahrain and Royal Dutch Shell (RDSa.L) on Monday signed an agreement to study gas imports to meet the kingdom’s growing demand.
Bahrain, like its Gulf Arab neighbours, saw demand for natural gas rise rapidly as its economy grew on the back of a petrodollar-fuelled boom in the region. Bahrain aims [...]

TOKYO, Jan 23 (Reuters) - Abu Dhabi’s Masdar, a clean energy venture, and Japan’s SBI Holdings Inc (8473.T) may invest up to $300 million in Japanese alternative energy start-ups through a joint investment fund, SBI said on Friday.
Masdar’s investment vehicle, the Masdar Clean Tech Fund, and SBI have agreed to each put up $10 [...]

Secretary General of OPEC, said that more than contain oil market is big and strong output cut is needed, sending crude oil prices on world markets in question.
The president of OPEC, but here too, that the unanimous support of the reduction in Organization
Note that speculation that the State of the Organization of Petroleum Exporting Countries [...]

By Maher Chmaytelli and Ayesha Daya
Nov. 30 (Bloomberg) — OPEC deferred a decision on reducing production this year by two weeks to gauge the impact of earlier cuts, as it seeks to push oil prices back up to $75 a barrel.
Crude has dropped 62 percent from July’s record of $147.27 a barrel as the global [...]