Saudi Arabia halts $2bn sale of water plant stake

The Ras Al Khair desalination and power facility on Saudi Arabia’s east coast had cost more than $7bn to build

Oil declines with demand outlook clouded by spreading delta

Futures in New York traded below $72 a barrel after adding 0.4 per cent last week

GCC’s energy space: What does the future hold?

Stakeholders across local and regional countries are keen to pursue sustainable fuels

Dubai Electricity and Water Authority

DEWA commissions 3 new substations in Dubai at an investment of Dhs430m

The substations supply Al Barsha 1, Mirdif, and Wadi Al Safa 2

Iraq agrees to sign deal with Total to execute energy projects

Total, after signing the deal, will also build a 1,000 megawatt solar power plant

How is the GCC’s energy transition faring

In the GCC, hydrocarbons have traditionally been the driving force for the economies

Oil

Oil renews decline as US inventories expand, delta spreads

The American Petroleum Institute was said to report an 806,000 barrel gain in US crude inventories

Brent oil steadies near 8-week low after market selloff on Covid-19 resurgence

Oil has run into stiff headwinds in July after rising in seven of the past eight months

OPEC+ resolves deadlock, agrees on deal to boost oil output from August

The agreement means the cartel will boost output by 400,000 barrels a day each month from August

OPEC+ to meet on Sunday to discuss oil output deal

If there is a deal on Sunday, it is unclear how quickly additional supplies can be delivered to the market

OPEC+ yet to reach an agreement on oil output deal – UAE

The UAE’s energy ministry issued a statement acknowledging that talks are underway

Kuwait opens first permanent LNG facility as it looks to boost gas imports

The Al Zour LNG terminal received its first cargo of gas, from Qatar, on Monday

Oil touches highest level since Oct 2018 on warning about supply crunch

Oil has rallied more than 50 per cent this year as the vaccine rollout boosts demand in key economies

Abu Dhabi’s ADNOC joins global Hydrogen Council  

The council is a coalition of companies from over 20 countries pioneering hydrogen solutions

Saudi Aramco is said to pick JPMorgan, Goldman for gas pipeline deal

The state energy giant is preparing to gauge interest in the assets from potential investors

Saudi sets upper limit for gasoline prices as oil prices climb

The decision was made to “decrease the burden of living costs on citizens and residents”

Sustainability: Understanding the hype around hydrogen and its benefits

Here’s why the GCC is well-positioned globally to play a leading role in the supply of hydrogen

Saudi Aramco to sell more assets in multi-billion dollar push

Aramco raised $12.4bn by selling leasing rights over oil pipelines to a US-led group of investors in April

Vortex Energy achieves $200m first close for fourth fund

Vortex Energy IV will target all energy transition verticals

Solar Energy Masdar Armenia

Abu Dhabi’s Masdar wins contract for 200MW solar power project in Armenia

The plant, spanning over 500 hectares, will be located in the Talin and Dashtadem communities of Armenia

Will higher oil prices help GCC economies surge into the post-Covid era?

The recovery in oil prices presents an opportunity for Gulf economies to accelerate the recovery from the pandemic and strengthen diversification

Brent oil extends gain as OPEC+ talks end without supply deal

The global market has tightened significantly over the past few months amid a robust rebound in fuel demand in the US, China and parts of Europe

Stuart Gulliver Aramco

Saudi Aramco appoints ex-HSBC CEO Stuart Gulliver to board

Gulliver replaces Sir Mark Moody-Stuart, who had been on the board since 2007

Racing for hydrogen: How gas giants are vying to stay relevant

Clean hydrogen could meet a quarter of the world’s energy needs by 2050

Finance chief who steered Saudi Aramco through IPO to step down

The company is set to name Ziad Al-Murshed as chief financial officer, replacing Khalid al-Dabbagh

Why this region must adopt energy efficient solutions to drive a sustainable future

ABB’s technologies can reduce energy use in industry, buildings and transport, reveals Ahmed Radwan, MEA business lead at ABB Motion

ADNOC Reliance

ADNOC and Reliance sign agreement for chemical project in Abu Dhabi

The integrated plant will produce 940 thousand tons of chlor-alkali, 1.1 million tons of ethylene dichloride and 360 thousand tons of PVC annually

Qatar Petroleum kicks-off first dollar bond sale in 15 years

The debt will help the Gulf state pump more gas from the giant North Field

UAE hikes petrol prices for July 2021

The increase marks the fifth consecutive month of rising fuel prices in the country

Qatar Petroleum starts investor calls for debut jumbo bond

Qatar Petroleum is aiming to issue dollar notes with maturities of five, 10, 20 and 30 years