UAE President to attend COP27 in Egypt

The conference will welcome world leaders, heads of government, and representatives of international bodies and civil societies

Kuwait starts commercial operations at new Al-Zour mega-refinery

Kuwait starts commercial operations at new Al-Zour mega-refinery

Comprising three mini refineries, Al-Zour is the biggest of several oil-processing facilities being added across the Middle East

Climate activists and world leaders head to Egypt for COP27

COP27 begins, world leaders arrive in Egypt

With more than 2000 speakers and over 40,000 participants, the event will oversee leaders and activists share ideas, solutions and innovative projects for climate action

Nicholas Ball of Xfuel

Insights: Why advanced fuels can drive decarbonisation

Advanced biofuels, made from plant-based waste material, can help cut carbon emissions in aviation and maritime sectors

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Abu Dhabi’s Fertiglobe reports 84% rise in adjusted net profit for Q3 2022

The company’s Q3 2022 revenues increased 52 per cent year-on-year to total $1.32bn

Yousef Al Nowais, of ARDECO, Dr. Saleh Al Hashmi, of ADNOC, Ahmed Khashan, of Schneider Electric

Schneider Electric, ARDECO to manufacture power and energy tech solutions in the UAE

The partnership will play an important role in upskilling the UAE’s technical workforce, as well as driving the development of the engineering and manufacturing knowledge pool

ADIPEC 2022 concludes, event attended by 15,000 industry professionals

Held under the theme of ‘The future of energy: secure, affordable and sustainable’, ADIPEC brought together global leaders to discuss critical issues around energy security and sustainability

Oil drops as more rate hikes overshadow tightening fuel market

Oil has lost almost a third of its value since early June as concerns over a global economic slowdown filter through the market

ADNOC awards $4bn agreements for integrated drilling fluids services

ADNOC awards $4bn agreements for integrated drilling fluids services

The agreements were awarded to ADNOC Drilling Company, Schlumberger Middle East and Halliburton Worldwide Limited Abu Dhabi

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UAE completes first phase of National Hydrogen Strategy

The UAE has launched seven strategic hydrogen production projects and is expected to produce 14 to 22 million tonnes annually by 2050

UAE - US sign strategic partnership to accelerate investement in clean energy, boost climate action_ photo courtesy WAM

UAE, US sign partnership to advance climate action goals, boost renewable energies

The two nations will collaborate to advance their net-zero goals and provide funding for sustainable energy projects in emerging economies

Saudi Aramco makes second highest profit on surging oil prices

Saudi Aramco makes second highest profit on surging oil prices

Aramco’s net income was $41.6bn in the third quarter, slightly above analysts’ expectations

ADNOC's offshore operations

ADNOC, India’s Gail sign MoU to explore LNG supply opportunities

Both companies will examine short and longer term LNG supply and trading optimisation opportunities

OPEC+

OPEC says supply surplus was main reason for oil production cut

On October 5, the Organization of Petroleum Exporting Countries and its partners announced they would lower their output targets from November

fuel-petrol-diesel-prices

UAE raises fuel prices for November 2022

The price of Super 98 has been increased to Dhs3.32 per litre

ConocoPhillips wins stake in QatarEnergy’s NFS expansion project

ConocoPhillips will take a 6.25 per cent stake in the project, out of a 25 per cent interest available for international partners

Lebanon-Beirut

Qatar in talks with TotalEnergies for stake in Lebanon gas block

The company is also in talks with the Lebanese government regarding the offshore gas block

Borouge

Abu Dhabi’s Borouge reports 13.5% rise in nine-month revenue

The company’s revenue for the three months ending September 30, grew 8 percent year-on-year to equal $1.67bn

Masdar inaugurates new office in Saudi Arabia to expand presence

Masdar inaugurates new office in Saudi Arabia to expand presence

Masdar aims to add to existing projects in the kingdom, including a 400MW wind farm and a 300MW solar power plant

UAE and Austria sign energy partnership

UAE and Austria sign energy partnership

The partnership will focus on projects of mutual interest in refined products, liquefied natural gas, renewables and hydrogen

Oil heads for weekly advance as dollar eases, US exports boom

Crude is on course to gain in October following a run of four monthly declines

Oil slips as industry report points to jump in US stockpiles

Investors are concerned about slowing demand as central banks raise interest rates to curb inflation

Saudi Arabia sets up carbon market firm to support net-zero goal

The Public Investment Fund said it started the Regional Voluntary Carbon Market Company with Saudi Tadawul Group

UAE's Masdar acquires UK-based Arlington Energy to expand footprint

UAE’s Masdar acquires UK-based Arlington Energy to expand footprint

The acquisition will support Masdar’s offshore wind and renewables investment strategy

Dubai district cooling firm Empower to sell 10% stake in IPO

The firm has said it expects the minimum dividend to remain at $231m annually for two years after the IPO

Shell takes 9% stake in Qatari liquefied gas project

Shell will take a 9.375 per cent stake in North Field South, which will expand Qatar’s LNG output capacity by 16 million tons a year

ADNOC Drilling Rig at Upper Zakum

ADNOC Drilling sets new record for longest well at Upper Zakum Concession

Stretching 50,000 feet, the well is around 800 feet longer than the previous world record set in 2017

qatar coinmena

Saipem wins $4.5bn installation contract from Qatargas

The contract, the biggest in the Milan-based company’s history, involves the installation of two offshore gas compression complexes in the North Field

Masdar and Germany’s Uniper to build green hydrogen plant in UAE

Emerge signs agreement to develop solar plant to power Khazna data centre in Masdar City

The plant will have an installed capacity of 7-megawatt peak and will provide electricity to the Khazna Abu Dhabi 6 facility

OPEC+ says growing risk of global recession justifies oil cuts

OPEC+ says growing risk of global recession justifies oil cuts

The group agreed on October 5 to reduce its collective crude-output target by 2 million barrels