Crude prices are on course for a third consecutive monthly drop in what would be the longest losing run in more than two years
The company has bought a total of four premium offshore jack-up rigs this year
Crude is heading for a weekly gain as signs of a tightening supply outlook offset concerns over an economic slowdown
The country’s top trading partner during June was China with exports reaching SAR21bn riyals
These plants are to be built in Mesaieed Industrial City and Ras Laffan Industrial City
The DoE expects to report on the outcomes of the policy and regulatory framework before the end of the year
A stronger dollar has also added to headwinds for commodities
The projects initiated will support Uzbekistan’s aim to diversify its energy mix, as it targets 8 GW and 12 GW of solar and wind capacity by 2026 and 2030, respectively
Three opportunities stand out, including harnessing high public spending, leveraging huge SWFs and capitalising on the strength of state-owned enterprises
The OPEC chief remains confident that world oil demand will increase by almost 3 million barrels a day this year
Oil is still up around 20 per cent this year and the surge in energy prices over the first half have underpinned record earnings for producers
Aramco posted a 90 per cent year-on-year increase in net income in Q2 2022 to 48.4bn and declared a dividend of $18.8bn to be paid in Q3
ACWA Power reported an adjusted net profit of SAR516m, which was marginally lower than the adjusted net profit of SAR520m earned during the same period last year
OPEC cut forecasts for the amount of crude it will need to pump in the third quarter by 1.24 million barrels a day to 28.27 million a day
Saudi Aramco plans to begin permanently storing carbon dioxide from 2026 in one of the largest facilities of its kind, as the state oil giant seeks to reach its goal of net-zero emissions by 2050
Kalyon Enerji is owned by the giant Turkish group Kalyon Holding, which operates in the construction, energy and aviation industries
The contract was awarded to ADNOC Logistics & Services, which will provide 13 self-propelled jack-up barges to be deployed across ADNOC’s offshore fields
DEWA also reported its second quarter 2022 financial results, recording quarterly revenue of Dhs7.01bn and net profit of Dhs2.61bn
West Texas Intermediate declined toward $91 a barrel in early Asian trading
The Abu Dhabi Department of Energy issued the Regulatory Policy for Clean Energy Certificates in August 2021 to drive the transition to a sustainable decarbonised energy sector
The group revenues were Dhs25.4bn, 15 per cent higher than the prior-year period, primarily due to higher commodity prices within the oil & gas segment
ADNOC Distribution accelerated its growth strategy throughout H1 2022, with the opening of 12 new stations in the UAE
Investors have backed away from commodities in recent months as slowing growth feeds concern that energy usage will drop
The two companies are initially targeting the development of renewable energy projects with a capacity of about 600 MW
Over 80 per cent of the contract value will flow back into the UAE’s economy under ADNOC’s In-Country Value program
The programme targets young leaders from various fields to develop their knowledge and expertise in the field of clean and renewable energy
$6bn share buybacks are expected to be completed by Q3 2022 results
For July and August, the group had pledged to add more than 600,000 barrels a day to the market
The companies are looking at opportunities to establish a local manufacturing hub in King Salman Energy Park in Saudi Arabia
Servomex designs, manufactures and distributes a wide range of industrial gas analysis products and services, including combustion analysers, process analysers, emissions analysers, and sensing technology