Aramco in talks to acquire 10% stake in China’s Hengli Petchem

Aramco plans to bolster China investments with 10% stake in Hengli Petchem

The potential deal aligns with the energy firm’s strategy to expand its downstream presence in key high-value markets

Abu Dhabi

Abu Dhabi’s TAQA ‘in takeover talks’ for Spanish energy firm Naturgy

Spanish newspaper Cinco Dias has reported that the Abu Dhabi energy company TAQA is involved in eyeing a potential deal

Oil starts week lower on signs of easing Middle East conflict

OPEC sees oil demand remaining robust into summer

Meanwhile, OPEC also sees global economic growth of 2.8 per cent in 2024

TAQA, JERA to build cogeneration plant in Saudi Arabia

TAQA, JERA to build cogeneration plant for Saudi Arabia’s SATORP

The petrochemical complex is expected to house one of the largest mixed-load steam crackers in the Arab Gulf region

Emirates activates SAF delivery at Schipol airport in Amsterdam Image Emirates

Emirates to now use SAF on flights from Schiphol Airport

Over two million gallons of blended sustainable aviation fuel (SAF) will be delivered to Schiphol’s fuelling system throughout 2024

Saudi fund for development invests in hydropower projects in Pakistan Image SFD

Saudi Fund for Development invests in clean energy projects in Pakistan

The agreements mark a pivotal stride in advancing clean energy projects within Pakistan, aiming to address challenges associated with conventional energy sources and their financial burdens

unit 4 Barakah Nuclear Plant Image WAM

Barakah Plant’s Unit 4 successfully links to UAE grid

With an additional 1,400 megawatts of clean electricity capacity, Unit 4 contributes significantly to powering the national grid

Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure shared details of the national policy on biofuels WAM

UAE reveals details of National Policy on Biofuels

The National Policy on Biofuels will help achieve the objectives of the UAE Energy Strategy 2050

Kuwait’s Q8 to buy 50% of Italian biodiesel producer EcoFox

Kuwait oil company Q8 to buy 50% of Italian biodiesel producer EcoFox

Q8 supplies aviation fuel to more than 70 international airports and holds stakes in three refineries in Italy, Vietnam and Oman

IEA raises oil demand outlook again but still lags OPEC

IEA raises oil demand outlook again but still lags OPEC

Brent crude oil rose as much as 80 cents a barrel towards $85 after the IEA report was released, touching its highest since November

Bahrain oil project secures financing from US Exim Bank

US export credit agency approves support for Bahrain oil project

The board of EXIM approved the project after voting last month to notify Congress about potentially supporting the expansion of an oil and gas field in the Gulf state

Saudi Aramco eyes more China investments

Aramco sees China demand growing, eyes more investments

The state-owned energy giant has been ramping up its China presence in a string of deals in refining and petrochemicals


Aramco completes acquisition of 100% equity stake in Chile’s Esmax

The deal, which was first announced last September, represents the company’s first downstream retail investment in South America

Oil price advances as spreads signal market strength

Oil rises, markets await OPEC+ decision amid mixed demand drivers

A decision on extending the cuts is expected in the first week of March, with individual countries expected to announce their decisions

UAE announces fuel prices for March 2024

UAE hikes petrol, diesel prices for March 2024

The fuel price committee increased the retail rates for Super 98, Special 95, and E-Plus 91 by as much as 16 fils per litre in March

Saudi Aramco signs $6bn supply chain agreement

Aramco inks $6bn supply chain deal, boosts Jafurah field gas reserves

The deals cover the supply of a range of products comprising strategic commodities, such as instrumentation, and electrical and drilling equipment

LNG expansion plans to squeeze out competitors

Qatar’s new LNG expansion plans to squeeze out competitors

The Gulf state plans an 85 per cent expansion in LNG output from its North Field’s current 77 million metric tons per year to 142 mtpa by 2030

Saudi Aramco likely to issue a bond in 2024

Saudi Aramco likely to issue a bond in 2024, CFO says

The state-owned energy firm last tapped global debt markets in 2021, when it raised $6bn from the sale of a three-tranche sukuk

KEZAD Titan Signing deal to build lithium processing plant

Abu Dhabi’s KEZAD to host Dhs5bn lithium processing plant

Titan Lithium Industries has signed a 50-year land lease agreement with KEZAD to build the plant in Khalifa Industrial Area (KEZAD Al Ma’mourah)

ADNOC Gas Q4 profit rises 24 per cent Image supplied

ADNOC Gas Q4 profit jumps 24%, FY’23 income tops estimates

For FY2023, ADNOC Gas’ robust performance continued, with net income reaching $4.72bn, significantly exceeding market expectations


How much spare oil production capacity do energy producers have?

The level of spare capacity – or the perception of how much is available – can influence world oil prices.

Saif Humaid Al Falasi, group CEO, ENOC

Power Letters 2024: How ENOC is supporting UAE’s energy transition

In 2024, ENOC will continue to offer industry-leading high-tech solutions to support UAE’s energy transition, says Saif Humaid Al Falasi, group CEO, ENOC

ADNOC Gas, GAIL India sign 10-year LNG supply deal

ADNOC Gas signs multi-year LNG supply agreement with GAIL India

The energy firm maintained a strong sales momentum in 2023, signing LNG deals valued between $9.4bn and $12bn

Interview: Addleshaw Goddard's Alexander Sarac shares key trends in carbon trading

Addleshaw Goddard’s Alexander Sarac shares key trends in carbon trading

Large-scale carbon capture and storage investments will likely only be made if the regulatory pressure rises and/or if the carbon price in the market is high enough to capture this extra cost

Brand Finance reveals list of most valuable and strong Middle East brands GettyImages-1704332489-e1700216889673

Revealed: Here are the Middle East’s most valuable brands

The ranking revealed that Saudi’s Aramco retained its status as the most ‘valuable’ Middle Eastern brand in global ranking, followed by ADNOC and stc

Power Letters 2024: Khalid Salem, president of MENA at Mitsubishi Power

Power Letters 2024: Khalid Salem, president of MENA at Mitsubishi Power

Accelerating the energy transition globally requires a localised approach that is rooted in understanding and catering to these specific needs

DEWA commissions 1,414 substations in 2023

DEWA commissions 1,414 distribution substations in 2023

The number of medium voltage substations (11kV and 6.6kV) reached 44,015 stations by the end of the year

NEOM, Saudi Energy Ministry sign energy cooperation deal

NEOM, Saudi Energy Ministry sign MoU on cooperation in energy fields

The agreement outlines the collaboration between the two entities to develop modern technologies in the energy sector

Qatar sets up a $275m market-maker fund

US exported more LNG than Qatar in 2023, say analysts

Liquefied natural gas exports from the US outpaced those from Qatar and Australia, according to latest tanker tracking data

Qatar sets up a $275m market-maker fund

Qatar to supply crude oil to Shell in five-year deal

Gulf state Qatar is set to supply Shell in Singapore with up to 18 million barrels of oil a year for five years