A team of UAE experts have said they are ‘just waiting’ for the phone call to assist in tackling the oil spill disaster which is taking place in the Gulf of Mexico.
As BP admitted that it has failed in its attempts to plug the gushing oil flow, which is destroying marine life and livelihoods in the area, the UAE experts had on standby $1million worth of state of the art equipment to deal with the spill. The team consists of a number of nationals, from the Philippines, Egypt, Algeria, Sudan and the Emirates, all skilled in clean up operations.
The Crisis Management Team leader, Craigh Buckingham, said that ‘everyone and everything’ is set to go and that the team had an excellent track record.
President Obama described himself as ‘heartbroken’ today after BP’s admission of failure. The spill is the biggest the US has ever seen with an estimated 12,000 barrels of oil gushing daily into the ocean off the southern coasts of the United States. The economy of the Gulf of Mexico will no doubt be experiencing long lasting consequences following the oil spill unlike the UAE; jobs are abundant there.
Sarah O'Connell, Staff Writer, Gulf Jobs MarketThe price of a barrel of crude oil has now fallen to its lowest level in almost eight month as concerns about Europe’s finances hit the oil market.
Worries about the state of Europe’s economy, and the debts owed by Greece in particular, have forced the price of oil below $68 per barrel, which means a [...]
A 30 year agreement to explore and produce gas around Qatari city Ras Laffan has been signed by Royal Dutch Shell and China National Petroleum Corp’s subsidiary PetroChina. The deal will mean exploration both onshore and offshore in Qatar and will cover a region of 8089 km.
The announcement, made today, marks Petrochina’s first foray into [...]
The price of a barrel of oil has dipped below OPECs ‘comfort zone’ of $70 per barrel, despite hopes that the price could be maintained between a range of $70 and $80 a barrel.
Abdullah bin Hamad al-Attiyah, the Energy Minister for Qatar, present at a Doha forum said today that a price of $75 per [...]
According to a recent study by Saudi Arabia’s largest bank, NDB Capital, 2010 promises to be a prosperous year for the Petrochemical industry in the GCCs largest country. With 2009 Petrochem revenues at a near 20 year low, Saudi Arabia could see its SR11.6 billion turnover double to SR29 billion thanks to a combination of [...]