The country plans to spend more than $1bn to import enough gas and mazut fuel oil to end the blackouts this summer
The development of Saudi Arabia’s renewable energy sector is a core objective of Vision 2030, the kingdom’s blueprint for a modern, diversified economy
Aramco and Sempra expect to execute binding LNG and definitive equity agreements with terms substantially equivalent to those in the heads of agreement
The energy firm’s profit was roughly in line with that of oil major Shell
The power plants will be operational in a phased approach
ADNOC is striking strategic deals across Europe, as it seeks to diversify, its upstream and downstream operations
ADNOC’s initial informal offer to Covestro was reported in June 2023, but it wasn’t until September last year that the German company entered into open-ended formal discussions
China’s significant role in the global solar market is underscored by its massive installation rates and manufacturing scale-up, leading to a 50 per cent drop in solar panel prices last year
Saudi Aramco’s chairman Yasir Al Rumayyan, who heads Saudi Arabia’s Public Investment Fund, was initially appointed to RIL’s board in 2021 for a three-year term
As the northern hemisphere marks summer solstice, here’s a look at the progress in solar power generation, across the world
Masdar is expanding in several parts of Europe, as well is in Asia, and the US
The world’s largest oil firm has been expanding its trading activity
The project, which was expected to start processing natural gas this year, has not updated its completion schedule
Inventories of both gasoline and diesel have been rising relative to the seasonal trend in the US, and consumption growth for oil remains tepid across major markets
The energy transition presents the GCC region with opportunities for climate change mitigation and adaptation as well as economic diversification
OPEC+ members are cutting output by a total of 5.86 million bpd, or about 5.7% of global demand
The UAE aims to rank among the top 10 producers of green hydrogen globally by 2031, with a production target of 1.4 million tonnes annually
The introduction of a reduced tariff structure directly reduces operational costs, enabling businesses to invest more in research and development rather than on overheads, says the EtihadWE CEO
According to data provided by EIA, total US trade around the cape rose by about one-third, in the first six months of 2024
ADNOC’s Ruwais facility is expected to be the region’s first LNG export facility to run on clean power
Prior to the deal, Gordon Technologies, based in Louisiana, was primarily owned by Houston-based private equity firm Pelican Energy Partners
July exports are expected to be down from about 39 million barrels in June, possibly the lowest levels for the year, say reports
TAQA was in talks with Naturgy’s three largest shareholders for a possible takeover bid
Sidara’s recent offer for John Wood comes a year after a similar proposal by US-based private equity firm Apollo Global Management
The world’s top oil exporter has been seeking to bring in international investment as it launches a range of projects as the Saudi government seeks to diversify its oil-based economy
International demand for the secondary share sale was greater than for Aramco’s IPO in 2019
The oil behemoth’s shares were priced at $7.27 (SAR27.25), near the bottom of a SAR26.7 to SAR29 range used in marketing the sale
The contract is for the procurement and construction of the third phase of the master gas system in Saudi Arabia
The state-owned energy firm’s bankers have told investors it plans to price the shares at $7.27 (SAR27.25) each
OPEC+ is currently cutting production by about 5.7 per cent of global demand to bolster the market