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
The state-owned energy firm seeks to strengthen its position in the global LNG market, which is set to grow globally by 50 per cent by 2030
OPEC+ agreed to extend crude oil supply cuts into 2025
The acquisitions will give the Abu Dhabi maritime logistics firm access to Navig8’s fleet of 32 tankers and global footprint across five continents
Governments have set clear expectations for aviation to achieve a 5 per cent CO2 emissions reduction through SAF by 2030 and to be net zero carbon emissions by 2050, IATA said
ACWA Power will explore the development of major green hydrogen project with a first phase of a capacity of 200,000 tonnes per year powered by 4GW of renewable energy
Saudi Arabia is offering investors about 1.545 billion Aramco shares, or 0.64 per cent
OPEC prolongs some cuts by one year
This strategic investment will leverage B.Grimm Power’s experience and capabilities to develop solar energy projects across the UAE, Saudi Arabia, and Bahrain
Aramco’s significant pickup of a stake in Gas & Oil Pakistan was first announced in December last year
The OPEC+ supply cuts since late 2022 have been against a backdrop of rising output from the US and other non-member producers
The agreement builds upon previous collaborations between ADNOC and SOCAR, including ADNOC’s acquisition of a 30 per cent equity stake in the Absheron gas and condensate field
The Middle East region has the capital and willingness to invest in the scale-up of clean tech, says the UK-based carbon capture, use and storage company Carbon Clean’s CEO