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
The project will help to generate half a billion kilowatt-hours of electricity annually, enough to meet the needs of more than 110,000 homes
Ahead of the OPEC+ session, the American Petroleum Institute reported that US crude stockpiles expanded by more than 2 million barrels
He was appointed for a three-year term at the special meeting of the OPEC Conference held on January 3
West Texas Intermediate dropped toward $98 a barrel after sinking almost 7 per cent in July
The acquisition is expected to be completed in Q1 2023 pending satisfaction of certain conditions, including customary regulatory approvals
According to ADNOC, the discovery from a new deeper reservoir indicates between 1–1.5 trillion standard cubic feet of raw gas
Borouge reported that the adjusted EBITDA increased 1.7 per cent to $1,512m, whilst net income increased 2.5 per cent to $853m
West Texas Intermediate futures climbed near $98 a barrel after closing 2.4 per cent higher in the previous session
West Texas Intermediate futures edged lower toward $96 a barrel after rising 2.1 per cent on Monday
DEWA says it will continue to invest in and enhance renewables’ generation capacity
The agreement will involve the joint development of green hydrogen and green ammonia, to decarbonise South Korean POSCO Group’s power generation, and its steel manufacturing processes
Shipments for June were the lowest since September