On Tuesday, OPEC+ agreed to hike output by 400,000 barrels per day
Haitham al-Ghais – whose three-decade oil industry career includes stints in Beijing and London – will become the group’s secretary-general in August
It sees a surplus of 1.4 million barrels a day in the first three months of 2022
The 23-nation alliance is likely to proceed with another modest monthly hike of 400,000 barrels a day as it restores production halted during the pandemic
Gulf Arab energy firms borrowed $30.5bn in 2021, the highest level in at least 25 years
Georgia, which primarily relies on hydropower for electricity generation, is looking to enhance its energy security and diversify its energy mix
Dana Gas has invested over $2bn since first entering Egypt in 2007
The project is expected to reduce the carbon footprint of ADNOC’s offshore operations by more than 30 per cent
Qatar will invest $112m in Rolls-Royce SMR, the separate unit created for the project
Oil’s drop this week has eaten into a partial recovery from a bear market at the end of November
The discoveries of up to 1 billion barrels of oil equivalent have been made at an exploration well in Onshore Block 4 concession
Companies sign Memorandum of Understanding to jointly boost innovation and AI commercialisation to support oil and gas organisations in the UAE
While oil has soared about 45 per cent this year, it slumped more than 10 per cent on November 26, the day after Thanksgiving
“We’re heading toward a phase that could be dangerous if there’s not enough spending on energy,” he said
Dubai aims to become a carbon-neutral economy by 2050
The government said last month it wants to sell shares in 10 companies, and it has been encouraging private and family-owned businesses to follow suit
A group led by BlackRock will buy a 49 per cent stake in Aramco Gas Pipelines
Oil slid for a sixth straight week due to the spread of Omicron and the prospect of more barrels coming to the market
The first compact station opened at Dragon Mart 2 earlier this month
The 950MW fourth phase of the Mohammed bin Rashid Al Maktoum Solar Park has investments totalling Dhs15.78bn based on the IPP model
ADNOC also announces an increase in national reserves of 4 billion STB of oil and 16 trillion SCF of natural gas
The price of Super 98 has been eased to Dhs2.77
The region needs to capitalise on the economic benefits of the sustainable energy industry
The group meets on December 2
The Organization of Petroleum Exporting Countries and its partners next meet on December 2
Futures in New York traded above $78 a barrel after rising 2.3 per cent on Tuesday
The Organization of Petroleum Exporting Countries and its allies will meet on December 2
The agreement will enable Royal Marine Services to distribute ENOC’s marine lubricants in Egypt
Oil rallied to the highest level since 2014 in October but has faltered over the past month
Reliance and Aramco had signed a non-binding letter of intent in August 2019 for a potential 20 per cent stake in Reliance’s oil-to-chemicals unit