Aramco aims to partner with China on blue hydrogen, CEO says

Aramco is looking to work with China on blue hydrogen and ammonia, synthetic fuels and carbon capture utilization and storage

Abu Dhabi utility Taqa to weigh sale of oil and gas assets

Taqa built its oil and gas unit mostly through acquisitions

ADNOC Distribution

UAE’s ADNOC Distribution changes share dividend policy

It confirmed a minimum Dhs2.57bn dividend for 2022

Oil pushes above $66 as China’s recovery aids outlook for bulls

Crude has rallied strongly in the opening months of 2021

Fujairah claims US seized Iraqi oil headed to China

Fujairah International Oil & Gas Corp claims it’s an intermediary seller of the cargo and that it is Iraqi oil

Saudi Arabia vows to protect oil facilities after drone attack

The attack on the kingdom’s Ras Tanura port on Sunday caused a brief spike in oil prices

Qatar ships first oil cargo to UAE since Gulf embargo ended

Qatar loaded about 700,000 barrels of oil onto the tanker Abu Dhabi-III on March 4

Oil slides amid broader commodity rout as volatility returns

A rising currency wiped out a solid surge following an attack on a major Saudi Arabian export crude terminal

Saudi Aramco makes second highest profit on surging oil prices

Key Saudi Arabian oil site attacked, sending crude prices surging above $71

A storage tank in the Ras Tanura terminal was attacked by a drone while a missile also landed near a residential compound for Saudi Aramco employees in Dhahran

Saudi’s King Salman Energy Park signs tenant agreements with TAQA and AMCO

TAQA to expand its industrial park; AMCO to set up new manufacturing facilities

Saudi Arabia to ship gas to South Korea and take CO2 back

The state-run energy company already uses carbon dioxide to pump more crude out of the ground in a process known as enhanced oil recovery

Dewa Jebel Ali Power Generation and Water Production Complex

Dubai’s DEWA bags Guinness record for largest single-site natural gas power facility

The complex can generate 9,547 MW of electricity

Oman transfers stake in biggest oil block to new energy firm

Energy Development Oman will hold the country’s 60 per cent stake in Block 6

ADNOC Abu Dhabi

UAE’s ADNOC appoints new managing director, restructures to form executive board of directors

Dr Sultan Ahmed Al Jaber has been appointed as managing director of ADNOC, in addition to his current position as CEO

UAE reveals fuel prices for March 2021

Petrol prices have witnessed an increase after 11 months

Sheikh Ahmed Zaki Yamani

Ahmed Zaki Yamani, Saudi’s long-serving oil minister, dies at 90

Yamani represented four Saudi kings at the Organization of Petroleum Exporting Countries

BFL Group

UAE’s Brands For Less Group (BFL) to develop 958KW solar power project

The project will generate around 1,600,000 kWh of solar energy, reducing BFL’s carbon footprint by 700 metric tonnes

Brent oil passes $65 with US crisis now a global supply shock

More than 4 million barrels a day of US oil output is now offline

Tabreed

Abu Dhabi-headquartered Tabreed’s net income rises 16.5% in 2020 to Dhs550m

Tabreed currently delivers over 1.404 million refrigeration tonnes to key developments across the UAE and Saudi Arabia

Brent oil rises toward $64 with power crisis hitting US supply

The combination of frigid temperatures and refinery closures has spurred a scramble for fuels

UAE’s ADNOC Distribution records Dhs2.4bn in net profit for 2020

During the year 2020, ADNOC Distribution opened 64 new stations

Brent oil extends advance toward $60 on tightening global market

Futures in London rose 0.9 per cent after capping a third weekly gain

UAE oil firm ADNOC gets $900m investment in property unit

Abu Dhabi Pension Fund is investing in some of ADNOC’s real estate assets

Oil jumps to one-year high with depleting supplies aiding rally

Futures in New York traded near $55 a barrel after jumping almost 5 per cent over the previous two sessions

Three important future trends to look out for in 2021

Countries need to tackle vulnerabilities in their economies, embrace innovation and move towards a more digital future

BMW EGA CelestiAL aluminium

BMW Group becomes first customer for UAE’s solar-powered CelestiAL aluminium

Using this aluminium from EGA will reduce BMW Group’s emissions by 222,000 tonnes of CO2 per year

china oman

BP sells Oman stake to Thai firm in $25bn divestment drive

The deal should help BP deliver on its goal of selling $25bn of assets by 2025

Dubai Financial market

Private utilities company Utico plans Dhs3bn listing on Dubai market in 2021

Utico is the UAE’s only private water and power company

UAE reveals fuel prices for February

Petrol prices will remain unchanged while the price for diesel has been cut

Saudi Arabia aims to become next Germany of renewable energy

The kingdom is working with many countries on green and blue hydrogen projects