Dubal and BiOD to support circular economy. Image for illustrative purposes Getty Images

DUBAL Holding acquires equity stake in BiOD Technology

BiOD Technology is known for converting used cooking oils and palm oil mill effluent into clean biodiesel

Santos

Saudi Aramco refutes speculation on Santos bid

Adelaide-based Santos is among Australia’s top three producers of liquified natural gas

Murban

Record-breaking trading activity for UAE’s Murban Crude

The platform’s extensive reach allows investors from multiple jurisdictions to participate in trading the Murban Crude oil futures

ADNOC's Ruwais LNG to earmark 40% stake to four energy companies, say sources

ADNOC’s Ruwais LNG to earmark 40% stake to four energy companies, say sources

The companies are expected to get the offtake at a lower price compared to the market, but with less flexibility, Reuters reported

ADNOC mulls possible bid for Australia’s Santos

ADNOC weighs possible bid for Australian gas company Santos, sources say

With global LNG demand expected to grow 50 per cent by 2030, ADNOC is tapping opportunities around the world including with US players

ADNOC, JBIC ink $3bn green financing agreement

ADNOC, JBIC ink $3bn green financing agreement

The credit facility is part of JBIC’s GREEN lending programme and is partially supported by Japanese commercial banks

Aramco, ADNOC reportedly weigh bids for Santos

Saudi Aramco, ADNOC Group reportedly weigh bids for Santos

The Gulf energy giants have been conducting preliminary evaluations of Santos as a possible acquisition target

UAE’s ADNOC Drilling awarded $733m contract

ADNOC Drilling secures $733m contract for three island rigs

The design of the rig operating systems will leverage real-time condition, performance, and utilisation data to generate actionable insights

ADNOC L&S invests $2.5bn to expand LNG fleet

Abu Dhabi’s ADNOC L&S expands LNG carrier fleet with $2.5bn investment

The new vessels will increase the company’s fleet of LNG carriers from 14 to at least 22 vessels

ACWA Power completes $533m financing for Tashkent energy project. Image courtesy ACWA Power / For illustrative purposes

ACWA Power completes $533m financing for Tashkent energy project

The Tashkent Riverside project includes a 500MWh battery energy storage system – the largest in Central Asia – and a 200MW solar project

Egypt’s gas production at 5.7 billion cubic feet per day

Egypt’s gas production at 5.7 billion cubic feet per day, says petroleum ministry official

The country fully awarded 20 cargoes of LNG in June to cover heavy summer demand from July through September

Saudi oil minister

Saudi Arabia announces discovery of seven oil, gas deposits

Saudi Energy Minister Prince Abdulaziz bin Salman confirmed the discovery by state oil firm Saudi Aramco

Egypt: bp partners with Masdar, others on green hydrogen project Image: Getty Images/ For illustrative purposes

Egypt: bp partners with Masdar, others on green hydrogen project

The consortium will investigate the feasibility of a large-scale, multi-phase project focused on the development and export of green hydrogen and its derivatives

OPEC projection for 2024 energy demand - oil

Oil prices climb on summer demand outlook

Recent data showed that oil production and demand for major products rose to a four-month high in April, supporting prices

Saudi Aramco signs $25bn in contracts for gas expansion

Saudi Aramco awards $25bn in contracts for gas expansion

The development of the Jafurah field is expected to cost $100bn and boost the state energy firm’s gas production by more than 60 per cent by 2030

UAE FUEL PRICES - PETROL, DIESEL RATES

UAE announces fuel prices for July 2024: Petrol prices decrease, diesel slightly up

Since the implementation of the deregulation policy in 2015, the UAE has consistently updated its fuel prices on the last day of each month

KUWAIT-AL-ZOUR-REFINERY - KIPIC

Fire breaks out at Kuwait’s Al Zour refinery, production unaffected: KIPIC

There were no casualties and firefighters were working on containing the fire, officials said

Brookfield Solano County California

UAE’s Masdar bids for Brookfield’s Spanish renewables unit: Reports

Brookfield bought the company from Spanish construction group ACS for EUR1bn in 2018

Egypt’s Abu Qir Fertilizers switches to hydrogen

Egypt’s Abu Qir Fertilizers turns to hydrogen amid gas shortage

The country plans to spend more than $1bn to import enough gas and mazut fuel oil to end the blackouts this summer

Saudi Arabia: ACWA Power, Badeel, SAPCO sign PPAs for major solar projects

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

Saudi Aramco, Sempra sign 20-year LNG offtake deal

Saudi Aramco, Sempra sign 20-year LNG offtake deal

Aramco and Sempra expect to execute binding LNG and definitive equity agreements with terms substantially equivalent to those in the heads of agreement

QatarEnergy 2023 profit drops 32% as gas prices cool

Qatar Energy 2023 profit drops 32% as gas prices cool

The energy firm’s profit was roughly in line with that of oil major Shell

SIEMENS ENERGY

Siemens Energy snags $1.5bn order for two Saudi power plants

The power plants will be operational in a phased approach

ADNOC

ADNOC’s expansion into Europe: 7 landmark deals diversifying its energy operations

ADNOC is striking strategic deals across Europe, as it seeks to diversify, its upstream and downstream operations

ADNOC revives bid to buy Germany’s Covestro, this time with $12bn offer

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

Global solar installations almost double in 2023; China, US lead rest

Global solar installations almost double in 2023; China, US lead rest

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

Aramco Yasir Al-Rumayyan

Saudi Aramco chairman reappointed independent director on Reliance Industries board

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

Summer solstice - temperature - 1.5 degrees C

Solar can provide 20% of world electricity on northern summer solstice, reveals study

As the northern hemisphere marks summer solstice, here’s a look at the progress in solar power generation, across the world

Masdar Terna-X

Masdar to pick up 67% stake in Greece’s Terna Energy

Masdar is expanding in several parts of Europe, as well is in Asia, and the US

Aramco acquires stake in EIG’s MidOcean Energy

FTAI Infrastructure inks deal with Aramco subsidiary to boost oil supply to Texas terminal

The world’s largest oil firm has been expanding its trading activity