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
The funds have been allocated for a wide range of initiatives, from essential research to applied technologies
The company’s revenues for the quarter reached $6.8bn, up 13 per cent YoY, marking the third consecutive quarter with revenues exceeding $6bn
Saudi Aramco’s recent acquisition of additional stake in Japan’s Sumitomo Chemical is a sign of consolidation in the petrochemical industry
Both Brent and WTI were set to gain more than 3 per cent on a weekly basis
ADNOC Distribution CEO Bader Al Lamki reveals the strategic pillars and innovative measures driving the company’s robust growth
The US topped the list of foreign investors in the oil and gas sector across the Arab world, with 85 projects
The sale aligns with Aramco’s downstream expansion and Sumitomo Chemical’s move away from commodity chemicals
ACWA Power continued its expansion through the period, adding a record 10.5GW of renewable power generation capacity to its portfolio
Amin Nasser said he expects global oil demand of 104.7 million bpd in 2024
The duo will work together to conclude a detailed sale and purchase agreement in the coming months
The energy firm declared dividends of $31.1bn for the second quarter, including $10.8bn in performance-linked payouts
Sidara had received a deadline extension twice, over June and July, to make a final offer for Wood Group
The company posted a quarterly net profit of $295m, a 28 per cent increase from $228m in Q2 2023