The MoU allows for future investment opportunities further reinforcing the special strategic relationship between the UAE and India
Aramco noted that its deployment of supercomputing infrastructure supports development of AI solutions
Oil benchmarks fell nearly $3 on Tuesday, with Brent hitting its lowest since December 2021 and WTI falling to a May 2023 trough
Covestro said in June it was stepping up talks with ADNOC after the UAE’s national energy company made an improved takeover bid
The LNG will primarily come from the state-owned energy firm’s lower-carbon Ruwais LNG project
The ships, which will be built at China’s Hudong-Zhonghua shipyard, are the largest LNG vessels ever built, with a capacity of 271,000 cubic metres each
The subscription period is expected to commence this month, with the listing anticipated in October
The increase in the European jet fuel market share comes as Kuwait increased its exports of fuel oil, diesel, and jet fuel to Europe by five times until May 2024
The kingdom aims to grow its production capacity for low-carbon products to diversify away from oil and gas business
The remaining OPEC+ cuts of 3.66 million bpd, agreed in earlier steps, are staying in place until the end of 2025
The Barakah plant is generating a quarter of the UAE’s electricity needs, providing a stable pipeline of power for the next 60 years
The production facility aims to produce up to 1 billion cubic feet per day of low-carbon hydrogen, with around 98 per cent of carbon dioxide removed
The state-owned energy firm is expected to finalise the stake purchase later this year
GESAT has produced over 200 gas turbine modules, supporting power generation in up to 10 countries, including Saudi Arabia
Environmentally and socially linked projects now represent 20 per cent of TAEF’s $5.3bn loan portfolio, up from 18 per cent last year
The construction of four new production lines for urea, a key ingredient in fertilisers, would boost output by 106 per cent
Rosneft has a 54.17 per cent stake in PCK Schwedt, which has traditionally supplied 90 per cent of the fuel used in Berlin
The fuel price committee reduced retail prices for Super 98, Special 95, and E-Plus 91 by as much as 0.15 fils per litre in September
The Gulf states agreed in 2020 to a 15-year deal for the supply of 3 mtpa of LNG from 2022, which will overlap with the new deal
Despite Friday gains, oil was down for the week
Total OPEC+ oil production is scheduled to increase by roughly 180,000 b/d each month in the fourth quarter of 2024
The agreement focuses on identifying suitable saline aquifers for safe and permanent CO2 storage, enhancing Malaysia’s potential as a regional CCS hub
That has stoked worries among traders about a slump in demand from China, where refineries sharply cut crude processing rates last month on tepid fuel demand
The Red Sea project is poised to be the world’s first fully clean energy-powered destination
The consortium, comprising Egypt’s Infinity Group and UAE-based Masdar, will develop, finance, and operate the onshore wind project
Oil majors have complained that the terms of Iraq’s traditional oil service contracts meant they could not benefit from rising oil prices and lost out when production costs rose
A broader conflict in the Middle East could threaten oil moving through key choke points in the region
Saudi Arabia’s facilities have so far been inspected under the SQP agreement with the IAEA, which offers limited international oversight
The robust performance reinforces the companies’ foundation for sustained growth as they continue to execute individual strategies
The organisation said oil demand will rise by 2.11 million barrels per day (bpd) in 2024, down from growth of 2.25 million