Gulf

Oil drilling in Gulf safer, but safety issues linger, says report

Thirteen years after the massive Deepwater Horizons spill fouled the Gulf of Mexico, regulators and industry have reduced some risks in deep water exploration in the gulf but some troublesome safety issues persist, a new study by the National Academy of Sciences said. The creation of a specific federal agency for offshore oil drilling safety, an industrywide safety centre and new technology have all helped reduce risks, Tuesday's report said. But federal inspectors remain relatively powerless over contractors on rigs, which are 80 per cent of the workers. The report also worried about the lack of an industrywide safety culture that integrates accident prevention into everyday work. "There are a lot of things that are happening that are really good, but the industry is not at a place'' where it should be, said panel chairman Richard Sears. He was a longtime Shell executive who was the chief technical adviser to the federal panel that initially investigated the 2010 explosion on the B

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India's crude oil supplies to come mostly from Gulf: Hardeep Singh Puri

Indian refiners have been snapping up relatively cheap Russian oil, shunned by Western companies and countries since sanctions were imposed against Moscow.

Ashok Leyland bags order for supplying 1,400 school buses in UAE

Indian company says deal win by distribution partners 'reaffirms faith' in its buses

Gulf states to gain $1.3 trillion in additional oil revenue by 2026: IMF

The gains, due to high oil prices, are expected to provide 'firepower' to the region's sovereign wealth funds (SWFs), one of the largest in the world

Is cricket sustainable amid climate change?

The warming of the earth, combined with the exhausting nature of the game, is raising questions about the future of the second most popular sport in the world

Oil slips to $75 as threat to US Gulf production from storm wanes

Oil slipped to about $75 a barrel on Thursday, falling from a multi-week high a day earlier, as the threat to US Gulf production from Hurricane Nicholas receded

Oil prices rise as storm forms in Gulf, doubts emerge on Iran deal

Brent crude oil futures for July rose 32 cents, or 0.5%, to $66.76 a barrel by 0143 GMT, while U.S. West Texas Intermediate for July was at $63.93 a barrel, up 35 cents, or 0.6%

Easing dispute, UAE announces reopening of borders, airspace to Qatar

The United Arab Emirates announced on Friday that it would reopen its borders and airspace to Qatar after boycotting the tiny energy-rich country alongside its Gulf allies since 2017

IndiGo, GoAir to expand in Gulf

Unfazed by the slowdown in West Asia, Indian carriers are expanding their network in the region. IndiGo is launching flights to Sharjah later this month and plans to launch a service to Doha its seventh international destination in April. GoAir is likely to begin its international operations with flights from Kochi to Doha and Dammam in the second half of the year.Around 22 million passengers travelled between India and countries in the West Asia accounting for nearly 40 per cent of all international air traffic from India in 2016. This does not include passengers who travelled onward to other destinations from hubs such as Dubai or Doha. This makes the region an attractive bet for Indian airlines.However business was impacted last year and demand growth did not match the growth in capacity. Airline yields which are revenue charged per passenger came under pressure as low crude oil price impacted local economies. Both Air India Express and Jet Airways have said their financial ..

Gulf jobs shrink for Indian workers, a blow to remittances

Despite difficult working conditions, Indians are still seeking jobs in Gulf countries