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

Oil edges higher after weekly loss as slowdown hangs over market

West Texas Intermediate futures traded near $86 a barrel after sliding almost 4 per cent on Friday

QatarEnergy signs agreement to fully acquire Siraj Energy

QatarEnergy signs agreement to fully acquire Siraj Energy

Siraj Energy was established to finance, build, operate and maintain solar power facilities

Taqa seeks to slash emissions by 2030

UAE power and water firm Taqa seeks to slash emissions by 2030

The company will build about nine gigawatts of solar power and phase out roughly seven GW of conventional gas plants in this decade

ADNOC awards $980m contract

ADNOC awards $980m contract to spur UAE’s offshore energy resources

Over 80 per cent of the contract value will flow back into the country’s economy under ADNOC’s In-Country Value programme

ADIO Siemens Energy partnership

ADIO, Siemens Energy partner to launch innovation centre in Abu Dhabi

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 Group Service Station of the Future

Dubai’s ENOC Group announces partnership with Nigeria’s QMF Energy

ENOC Marine Lubricants will supply its Strata product range across all the ports in Nigeria

ADNOC

ADNOC Drilling awarded $1.53bn contract to help expand ADNOC’s offshore operations

Over 80 per cent of the award value will flow back into the UAE’s economy under ADNOC’s In-Country Value programme

ENEC Cyber Security Council MOU

Emirates Nuclear Energy Corporation, UAE Cyber Security Council to jointly boost cyber ‘resilience’

The two entities will conduct periodic exercises for the energy sector to build its readiness to respond to cyber incidents

Unit 3 Barakah Plant_courtesy WAM_ENEC

Barakah nuclear energy plant’s Unit 3 now connected to UAE transmission grid

Unit 3 will add another 1,400 megawatts of zero-carbon emission electricity capacity to the national grid

ENGIE Solutions and UAE Ministry of Energy and Infrastructure partner to develop clean energy projects

ENGIE Solutions, UAE MoEI to develop clean energy projects

ENGIE Solutions aims to support the UAE’s transition to using new means of energy sources and mobility

World acting sooner can limit energy transition costs, IMF says

The analysis shows that climate policy wouldn’t stoke wage-price spirals and wouldn’t complicate the job of central banks

OPEC+ tries to keep oil above $90 with large production cut

It’s the biggest reduction by the Organization of Petroleum Exporting Countries and its allies since 2020