Showing posts with label oil. Show all posts
Showing posts with label oil. Show all posts

Friday, December 3, 2010

Middle East Energy Players Dig Deep for Charity; Thousands see crowning of the Oil Baron 2010


The wishes of a record amount of children living with different forms of cancer have been granted







due to generous donations collected at the eighth annual Oil Barons Ball in Dubai.

The event - the most anticipated highlight of the energy sector’s social calendar and the largest

outdoor gala event of its kind in the Middle East – saw the region’s energy industry come together

for a fantastic night of fun – and fundraising.

With more than 2,000 people in attendance at the Ball on Friday, November 12, at Dubai Media

City’s amphitheatre, nearly a half million dirhams was raised for Sharjah-based Friends of Cancer

Patients (FOCP) from cash donations and a silent auction held at the event.

Generous bids were received on all the auctioned items on offer, with a pair of business class

flights to Paris courtesy of Emirates Airline receiving the highest bid of the night. One charitable

attendee pledged more than AED 80,000 within minutes of the start of the event.

Al Tayer Motors generously donated one year’s car lease; while another individual pledged AED

40,000 which will ease the financial burden on a family with a sick child by covering their rent for

Three paintings donated by H.E. Ameera A. Binkaram, President of Board of Trustees &

Founding Member of FOCP, by young contemporary emirati artist, Mus’ab Abdulqader Al-Rais

fetched a staggering AED 75,000 between them.

The generous pledges will make the children’s lives better; helping them attend treatment,

communicate and play. The rest of the funds raised will go towards funding a mobile

mammogram machine, enabling women in more remote areas of the UAE to access this vital

Apart from its charitable cause, the annual Oil Barons Ball serves as the venue for the crowning

of the Oil Baron - the prestigious annual award presented to a senior industry executive in

recognition of their outstanding achievement, contribution and continuing commitment to the

Middle East’s energy sector.

At this year’s event, the movers and shakers of the region’s energy sector celebrated the

crowning of Kevin Roberts, Group Managing Director of Hydroserv.

The Welshman has been in the Middle East for the last 20 years. During that time, he grew

his first company Hydrolink from a one-man operation into an international multi-million dollar

enterprise, with operations in Bahrain, Saudi, Qatar, Kuwait, Azerbaijan and Kazakhstan before

selling it to set up Hydroserv. A long time supporter of the Oil Barons Ball, Roberts has seen

seven other Oil Barons crowned. This time, it was his turn to be presented with his very own

bespoke Stetson.

“I’m completely overwhelmed and deeply honoured to have been chosen as this year’s Oil

Baron,” said Roberts. “This is indeed a genuine recognition of what I’ve achieved in the last 20

years and a true stamp of approval from my peers and the industry.”

Roberts personally donated 60,000 AED during the evening which has paid for a car for Yahya

Barakate Jaha, so he can now attend his appointments in comfort and with ease. Roberts

has also pledged to donate further time and resources to raising money for Friends of Cancer

Patients throughout his tenure as Oil Baron 2010.

Eileen Michael, founder of the Oil Barons Ball, said: “This year’s ball was really one of the best

ever. To see Kevin Roberts crowned after 20 years of dedicated service to the region was very

special. He is undoubtedly a well-deserved winner of the Oil Baron title. In addition, we were able

to raise an impressive amount of vital funding for the Friends of Cancer Patients charity.

“It has long been our goal to make this event a valuable social and networking event, as well as

to raise as much money as possible for charity. FOCP is a charitable organisation that is close

to all our hearts, and over our three year partnership, we are proud to have successfully raised a

considerable amount of money for them.

“We hope that each year we will build on past successes and continue our valuable partnership

with FOCP,” she added.

After the crowning ceremony, the crowd were entertained by breathtaking performances courtesy

of Trevor Chance productions from the UK. The ‘Rock ‘n’ Roll Legends themed show saw Elvis

Presley, Buddy Holly, Diana Ross, Elton John, and Tom Jones impersonators take to the stage

as the glamorous crowd danced into the night.

FOCP has been the official charity of Oil Barons Ball for three years. The Ball is the single largest

donor to the Sharjah-based charity.

The Oil Barons Ball is held under the patronage of H. E. Sheikh Ahmed Bin Saeed Al Maktoum,

President Department of Civil Aviation Government of Dubai and Chairman of the Emirates

Group, and is organised by dmg::events and Pipeline – the energy magazine.

Ends





The Oil Barons Ball is brought to the Middle East by Reflex Publishing, a dmg :: events company.

Headquartered in Dubai, Reflex publishes Pipeline Magazine. Pipeline magazine is one of the

most respected titles in the region’s energy sector, having been published monthly since 1996.

Every issue contains rig statistics, regional project data, exclusive interviews, news, country

reports, analysis and insight. For more information, visit http://www.pipelineconmmunity.com

About dmg:: events:

An international exhibition and publishing company, dmg::events produces more than 250

market-leading trade exhibitions, consumer shows and, fairs each year and publishes more than

40 related magazines, newspapers, directories and market reports. In the UAE, it owns Pipeline,

ADIPEC, the world’s second largest energy event, INDEX, The Big 5, FM Expo, The Office

Exhibition and The Hotel Show. For more information, visit www.dmgevents.com

Thursday, March 5, 2009

GE Oil & Gas University programme trains industry professionals in Doha and Abu Dhabi

Abu Dhabi, UAE; March 5, 2009: In the first-ever Middle East edition of GE’s Oil & Gas University Programme, an initiative aimed at providing training on leadership and technology disciplines for oil and gas professionals in Doha and Abu Dhabi. Graduation ceremonies were held in both cities, with 37 and 31 professionals receiving certificates in Doha and Abu Dhabi, respectively.

Experts from GE and professional associates covered various aspects of the energy industry including energy sources, exploration, production and utilization throughout the duration of the course. The Doha and Abu Dhabi Courses were a value-added learning programme for employees of QP and ADNOC and their affiliated companies and subsidiaries.

Mohammad Ayoub, Operations Leader – Region General Manager, GE Oil & Gas, said: "It is important for oil & gas professionals to further their knowledge and skill sets. We are delighted to have brought the GE Oil & Gas University Programme to the Middle East region. It offered industry professionals the opportunity to broaden their knowledge in their respective industries as well as give them the chance to specialize in preferred areas."

Sheikh Hamad Saoud Abdulaziz Al-Thani, Head of Professional Training, Qatar Petroleum said: “The GE Oil & Gas University Programme offered a valuable learning experience for our employees. They were introduced to new technologies and solutions that have great practical relevance, today. We are looking forward to having similar training in the future.”

H.E. Yousef Omair Bin Yousef, Chief Executive Officer of ADNOC said: "Our industry is ever-evolving and new technology and best practices are being regularly introduced. The Oil & Gas University Programme allowed our associates at ADNOC to build on their expertise and fine tune their technical skills."

Piero Salvadori, President of Oil & Gas University, said: "We are delighted to be able to extend the GE Oil & Gas University Programmes to this region. The Middle East plays an important role in GE’s business and the decision to introduce the University Programme was only logical. The 6 week programme was a condensed version of our “Oil & Gas technologies” programme which is six months long and is held at GE Oil & Gas headquarters in Florence, Italy. Participants completed the course with interest and enthusiasm and it proved to be a successful introduction to the Middle East for us.”

The program focused on three core modules: Leadership, Energy and Oil & Gas Processes and Rotating Equipment.

Sunday, March 1, 2009

Mirabaud guides investors through minefields; says US$75 oil price is high enough


Dubai, March 1, 2009: At a time of extreme turbulence and dislocation, with conventional investment criteria upside-down, opportunities abound. Mirabaud & Cie, banquiers privés, the 190-year-old private Swiss bankers, joined forces with Lloyd George Management, the Far Eastern investment manager, to guide investors through the minefields that currently surround us all at an investment seminar in Muscat, Oman, today (March 1, 2009).

Mirabaud’s Head of Energy Research, Richard Savage, presented his views, honed over 20 years of experience in the oil industry and oil markets, on the outlook for the oil price going forward. The crude oil price has tumbled from an intra-day high of more than US$147 a barrel last July to less than US$45 a barrel today, as fears of supply shortages have given way to concerns over dwindling demand.

Savage feels, however, that the real driver of the oil price rally was not the intricacies of the supply-demand balance, but instead the same surfeit of liquidity that drove other asset classes to unsustainable highs; the withdrawal of that liquidity leading to the dramatic collapse.

In his view, “the market is once again being driven by fundamentals, and with inventories at near record levels and OPEC sitting on 5 million barrels of spare capacity, we do not expect a recovery anytime soon. In addition, once the price does rally, we do not see a return to a US$100+ per barrel world. We believe a US$75 per barrel oil price is high enough to incentivise all but the most expensive producers; it is high enough to encourage investment in alternative energy sources; and it is high enough to put a break on the explosive demand growth that was the catalyst for the last oil price rally.”

Other subjects raised at the conference included investment opportunities in Asia, delivered by the renowned Asian investor Robert Lloyd George, as well as the Fixed Interest and Currency markets discussed by representatives of co-sponsors Eaton Vance and Sal Oppenheim, respectively.

The keynote speaker was Dr. Marc Faber, Editor and Publisher of “The Gloom, Boom and Doom Report,” renowned for both his firm opinions and entertaining delivery.

“It is at times such as these that the experience and conservatism that comes from one of the most well established private Swiss banks stands the investor in good stead,” said Gilles Rollet, Chief Executive Officer, Mirabaud (Midddle East) Ltd. “Guided by the incisive views of these highly regarded market participants, we feel certain the seminar helped delegates see more clearly through the opaque nature of markets currently prevailing.”