Dubai / WAM Du has announced its new satellite Teleport Facility, located in the Al Qudra area of Dubai, away from planned commercial and residential real-estate developments. The new upgraded facility covers an area of 75,000 sq. meters and has been built to enable the expanding requirements of du broadcast customers, to deliver a superior service with a focus on …

LONDON­­­­ / Reuters Total will go ahead with development of a giant Iranian gas field this summer, its CEO told Reuters, in the first major western energy investment in the country since Tehran signed an international nuclear deal. Chief Executive Patrick Pouyanne said the French group would make an initial $1 billion investment after the United States extended sanctions relief …

Bloomberg Oil halted its slide below $45 a barrel as investors weigh a forecast decline in US crude stockpiles against a revival in output from Libya, which is exempt from the OPEC -led cuts. Futures rose 0.3 percent in New York after falling 1.2 percent. US inventories probably shrank by 1.2 million barrels last week, according to a Bloomberg survey …