SABIC to shortlist Citi, Morgan Stanley for specialty chemicals IPO

SABIC hasn’t decided on a venue for the sale

Mohammed bin Rashid Al Maktoum Solar Park

UAE becomes world’s first country to produce aluminium using solar power

This solar-powered aluminium will be supplied to global customers under the new product name of CelestiAL

Abu Dhabi

Mubadala, ADNOC and ADQ form alliance to grow green hydrogen economy in the UAE

The alliance will develop a roadmap to create hydrogen production sites in Abu Dhabi and the UAE

Globe-trotters pledge to fly less to help climate

People now think giving up flying would be one of the easiest things they could do to cut their carbon footprint

Qatar raises carbon capture ambitions, touting green credentials

Qatar Petroleum will build facilities capable of storing more than 7 million tons per year of carbon dioxide by 2030

Saudi Aramco seeks $7.5bn loan for pipeline investors

The discussions are occurring in parallel with the sale of a stake in a pipeline unit

Saudi Arabia aims to raise over $5bn in bond-market return

No final decision on the timing has been made

Abu Dhabi raises February Murban crude pricing after Saudi boost

Abu Dhabi pumps almost all of the oil in the UAE

The cleanest fossil fuel is set for a post-pandemic rebound

Demand for the fuel used in heating and power generation is growing faster than for any other fossil fuel

Oil steady near $50 after surging on Saudi output cut

The kingdom’s pledge comes amid more stay-at-home orders and travel restrictions to rein in a surge of infections

Iran seizes ship, ramps up nuclear enrichment

The guard corps took the ship to Bandar Abbas port in Iran

oil-pumps

Kuwait makes three oil and gas discoveries

The discoveries were made in the largely unexplored western and northwestern areas of the country

Sharjah National Oil Corporation

Sharjah National Oil Corporation begins gas production at Mahani

Production begins a year after the discovery of gas in the field, touted as the first new onshore find in Sharjah in nearly four decades

Abu Dhabi’s ADNOC Distribution to acquire 15 fuel stations in Saudi for $10m

The stations, located in the eastern region, with sites on both the highway and within communities, will be refurbished

Saudi Arabia’s ACWA Power to build wind park in Azerbaijan

Azerbaijan plans to increase the share of clean energy in electricity generation to 30 per cent over the next decade

UAE announces fuel prices for January 2021

This is the 10th consecutive month that prices have stayed unchanged

Digitalisation of oil and gas could unlock up to $2.6 trillion by 2025: DHL

Growth is expected to be subdued until at least till end 2021, report says

Saudi Arabia announces discovery of four new oil and gas fields

Saudi Aramco is continuing to work on determining the size and volume of discovered fields

UAE sees gradual oil demand recovery in 2021 – minister

Rollout of coronavirus vaccines and improvement in ties between the US and China are likely to improve demand for oil

How should cities in MENA region plan their next development cycle

The impact of the Covid-19 pandemic on the future development of cities in the MENA region is set to be significant

Abu Dhabi’s Aldar to sell two district cooling assets for Dhs963m

The transaction is expected to complete in the first quarter of 2021

Oil slips with new coronavirus strain threatening fuel demand

More than 40 countries are restricting flights and effectively isolating the UK

UAE’s Taqa confirms financial closing for Al Dhafra solar power plant

Upon full commercial operation, the plant is expected to reduce Abu Dhabi’s CO2 emissions by more than 2.4 million metric tons per year

Oil falls below $48 with virus mutation raising lockdown risks

The mutation comes as vaccines are being rolled out in several countries and as the US closes in on a stimulus plan

OPEC+ will react faster, be more hands-on with oil market, Saudi, Russian officials say

Saudi Energy Minister met in Riyadh on Saturday with Russian Deputy Prime Minister

Oil rally pauses after report points to rising US stockpiles

US gasoline stockpiles expanded by 828,000 barrels last week

Blast at Saudi Port hits oil tanker as Red Sea attacks mount

No group or country claimed responsibility for Monday’s attack

How is the GCC’s alternative energy industry faring?

Environmental concerns are propelling the usage of alternative energy for a sustainable future, opines Antonio Cuccarese, business development manager, Metito

Abu Dhabi’s ADNOC, ExxonMobil sign agreement to explore R&D opportunities

ADNOC and ExxonMobil will identify areas of mutual interest for conducting R&D and co-developing technology solutions

UAE taps Occidental to boost oil capacity as OPEC cuts rankle

The Supreme Petroleum Council last month approved a $122bn budget to help ADNOC boost production capacity by a fourth to 5 million barrels a day by 2030