The 700MW project forms the fourth phase of the Mohammed bin Rashid Al Maktoum Solar Park
Italy’s Eni was also awarded stakes in the two concessions last week
OPEC now projects the expansion in supply outside the group will exceed gains in demand
Saudi energy minister Khalid al Falih says OPEC and its partners should look at metrics such as non-OECD inventories
The deal will make Tabreed the 100 per cent owner of the Reem Island-based S&T
The decision appeared to set up a conflict between courts in the UAE and Britain
WEC is offering to purchase the plant’s output under a 25-year concession agreement
The Zohr field has a potential 30 trillion cubic feet of gas in place
ADNOC said it was the first time an Italian energy company had been given concession rights in Abu Dhabi’s oil and gas sector
The Saudi government had targeted a market listing by the second half of 2018
The greenfield Salalah 2 Independent Power Plant has an aggregate capacity of 445MW
The company will use the funds to expand its footprint in Kenya
The construction of the pipeline is expected to be completed in 24 months
Oil output from the US is expected to exceed 11 million bpd by late 2018
Inpex’s stakes in the Satah and Umm Al Dalkh concessions have also been extended for 25 years
OPEC is reducing output by about 1.2 million bpd as part of a deal with Russia and other non-OPEC producers
The Abu Dhabi company has signed an exclusive agreement with Swiss firm Chemlube SA
Mazroui said that he hoped a plan could be put to ministers at OPEC’s next meeting in June
The two companies are also working together on a petrochemicals complex
Oil also gained as the US dollar weakened to a 15-month low against the yen
“Market volatility is unfortunate but ultimately it is the fundamentals that I watch,” said the kingdom’s energy minister
Russia’s Dmitriev said a deal between OPEC and non-OPEC members to cut crude oil supply was stabilising the oil market
The IEA has raised its forecast for oil demand growth in 2018 to 1.4 million barrels per day
Hydrogen from the facility will be used to power cars at the Expo 2020 site
“The market is only expected to return to balance towards the end of this year,” OPEC said
Production is expected to reach 40,000 bpd by 2020
Saudi Arabia wants to diversify its energy mix by using renewables
The company’s revenues were also boosted by higher oil prices
ADNOC said it was the first time Indian oil and gas companies had been given a stake in Abu Dhabi’s hydrocarbon resources
Firm’s president Badr Jafar said the company was keen to engage in the oil and gas sector in the south of Iraq