ADNOC Jebel Dhanna Abu Dhabi

ADNOC awards $245m contracts to upgrade Jebel Dhanna terminal in Abu Dhabi

Over 50 per cent of the total award value will flow back into the UAE’s economy under ADNOC’s In-Country Value programme

Dubai’s Landmark Group signs solar deal with Yellow Door Energy, Amana Investments

Over 6,000 solar panels will be installed to generate 4,200 megawatt-hours of clean energy annually

Abu Dhabi Waste Management Center

Tadweer inaugurates second phase of solar power unit at Abu Dhabi recycling facility

The second phase has enhanced the facility’s solar energy utilisation by increasing its capacity to 600 kilowatts per hour

Saudis reduce oil pricing in sign demand recovery is struggling

Aramco will also trim pricing for lighter barrels to northwest Europe and the Mediterranean region

Waste to Energy Facility bee'ah

How to build a post-Covid ‘green economy’ in the UAE

To ensure the success of these ambitious green projects, a renewed emphasis should be placed on public-private partnerships

Saudi chemicals giant Sabic taps bond market for $1bn

Saudi Arabia is seeking to diversify its economy away from petroleum by building new industries

Aramco delays multibillion-dollar LNG, petrochemical plans

It’s also reviewing an earlier decision to buy 25 per cent of Sempra Energy’s Texas LNG terminal

Abu Dhabi’s ADNOC, Apollo-led consortium enter into $5.5bn investment partnership

The transaction will result in upfront proceeds of $2.7bn to ADNOC and is expected to close before end of 2020, subject to closing conditions and regulatory approvals

Saudi Aramco discovers two oil, gas fields in north of kingdom

Aramco said it will drill more wells to evaluate how much energy the fields hold

Oil holds at five-month high as hurricane nears US Gulf Coast

Oil prices will probably continue to rise as excess inventories are used up

Aramco reshuffles top management, with new focus on portfolio

The moves come as Aramco adjusts to the reality of oil at $40 a barrel

Kuwait’s state oil company picks adviser to merge units

KPC is reportedly planning to combine its eight business units into four to streamline operations

Saudi Aramco suspends $10bn China oil refinery venture

The oil-price crash and the virus’s impact on energy demand have changed the calculations for energy companies’ projects

Oil slides from five-month high on cloudy demand outlook

OPEC+ also warned at a meeting on Wednesday that the pace of the demand rebound was slower than expected

Saudis keep pressure on OPEC cheats before ministerial talks

Riyadh’s struggle to enforce compliance has been a long-running issue

Barakah Nuclear Power UAE

UAE’s Barakah nuclear power plant connects to the national grid

The four units at Barakah will generate up to 25 per cent of the UAE’s electricity demand

ADNOC Ruwais

ADNOC invests $3.5bn to upgrade Ruwais refining capability

Upon completion in mid-2022, the upgrade will allow ADNOC to process up to 420,000 bpsd of heavier and sourer grades of crude oil in Ruwais

Abu Dhabi to merge oil services firms into national champion

Earlier this year, it decided to combine utilities Taqa and ADPower

Saudi sovereign fund said to hire ex-Morgan Stanley risk officer

The PIF received an injection of $40bn from the kingdom’s reserves in March and April

Oil giant Saudi Aramco plans huge spending cuts for 2021

Saudi Aramco may keep capex, most of which is spent on exploration and production, at a similar level until at least 2023

Abu Dhabi seeks local investors for $21bn pipeline

ADNOC is discussing moving its 51 per cent holding in the pipelines into a special-purpose vehicle

Aramco still aims for $15bn investment in India’s Reliance

A deal with Reliance would help the world’s biggest crude exporter join the ranks of the top oil refiners and chemical makers

Oil giant Aramco sticks with dividend even as profit crashes

Aramco will pay a dividend of $18.75bn for the quarter

Gold barrels past $2,000 with stage set for prices to rally more

Bullion is up more than 30 per cent this year, and could extend gains as governments and central banks respond to slowing growth with vast amounts of stimulus

Shanghai Electric awarded contract for 5th phase of Dubai solar park

The Solar Park project is the largest single-site solar power plant in the Middle East

dubai silicon oasis

Dubai Silicon Oasis switches to AI-enabled IBMS, saving Dhs1m monthly

AI system leads to 36 per cent less energy usage per year while reducing operators from 110 to five

china oman

Chinese oil giant CNPC eyes BP’s $1.5bn stake in Oman gas field

China’s state-owned oil giant is reportedly conducting advanced discussions with BP for a 10 per cent stake in the Khazzan natural gas field

Saudi Aramco loses status as most valuable publicly listed company to Apple as Amazon closes in

Amazon riding an e-commerce and cloud computing wave as people shelter-in-place due to Covid-19

Oil prices

Saudis seen cutting oil price for first time in four months

OPEC and allied producers have started to ease output curbs amid weakening demand

ADNOC considers stake sale in $5bn of properties

The plan is in its inception stage and could still change