Both companies will examine short and longer term LNG supply and trading optimisation opportunities
On October 5, the Organization of Petroleum Exporting Countries and its partners announced they would lower their output targets from November
The price of Super 98 has been increased to Dhs3.32 per litre
ConocoPhillips will take a 6.25 per cent stake in the project, out of a 25 per cent interest available for international partners
The company is also in talks with the Lebanese government regarding the offshore gas block
The company’s revenue for the three months ending September 30, grew 8 percent year-on-year to equal $1.67bn
Masdar aims to add to existing projects in the kingdom, including a 400MW wind farm and a 300MW solar power plant
The partnership will focus on projects of mutual interest in refined products, liquefied natural gas, renewables and hydrogen
Crude is on course to gain in October following a run of four monthly declines
Investors are concerned about slowing demand as central banks raise interest rates to curb inflation
The Public Investment Fund said it started the Regional Voluntary Carbon Market Company with Saudi Tadawul Group
The acquisition will support Masdar’s offshore wind and renewables investment strategy
The firm has said it expects the minimum dividend to remain at $231m annually for two years after the IPO
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
Stretching 50,000 feet, the well is around 800 feet longer than the previous world record set in 2017
The contract, the biggest in the Milan-based company’s history, involves the installation of two offshore gas compression complexes in the North Field
The plant will have an installed capacity of 7-megawatt peak and will provide electricity to the Khazna Abu Dhabi 6 facility
The group agreed on October 5 to reduce its collective crude-output target by 2 million barrels
West Texas Intermediate futures traded near $86 a barrel after sliding almost 4 per cent on Friday
Siraj Energy was established to finance, build, operate and maintain solar power facilities
The company will build about nine gigawatts of solar power and phase out roughly seven GW of conventional gas plants in this decade
Over 80 per cent of the contract value will flow back into the country’s economy under ADNOC’s In-Country Value programme
Siemens Energy will receive support to set up its Middle East Innovation Centre in Abu Dhabi, as part of the ADIO Dhs2bn Innovation Programme
ENOC Marine Lubricants will supply its Strata product range across all the ports in Nigeria
Over 80 per cent of the award value will flow back into the UAE’s economy under ADNOC’s In-Country Value programme
The two entities will conduct periodic exercises for the energy sector to build its readiness to respond to cyber incidents
Unit 3 will add another 1,400 megawatts of zero-carbon emission electricity capacity to the national grid
ENGIE Solutions aims to support the UAE’s transition to using new means of energy sources and mobility
The analysis shows that climate policy wouldn’t stoke wage-price spirals and wouldn’t complicate the job of central banks
It’s the biggest reduction by the Organization of Petroleum Exporting Countries and its allies since 2020