Rosneft has a 54.17 per cent stake in PCK Schwedt, which has traditionally supplied 90 per cent of the fuel used in Berlin
The energy firm plans to expand Neuron 5’s application to all the group’s facilities across thousands of critical pieces of production equipment
The agreement focuses on identifying suitable saline aquifers for safe and permanent CO2 storage, enhancing Malaysia’s potential as a regional CCS hub
The consortium, comprising Egypt’s Infinity Group and UAE-based Masdar, will develop, finance, and operate the onshore wind project
The robust performance reinforces the companies’ foundation for sustained growth as they continue to execute individual strategies
The organisation said oil demand will rise by 2.11 million barrels per day (bpd) in 2024, down from growth of 2.25 million
The funds have been allocated for a wide range of initiatives, from essential research to applied technologies
The company’s revenues for the quarter reached $6.8bn, up 13 per cent YoY, marking the third consecutive quarter with revenues exceeding $6bn
The US topped the list of foreign investors in the oil and gas sector across the Arab world, with 85 projects
The sale aligns with Aramco’s downstream expansion and Sumitomo Chemical’s move away from commodity chemicals
ACWA Power continued its expansion through the period, adding a record 10.5GW of renewable power generation capacity to its portfolio
The duo will work together to conclude a detailed sale and purchase agreement in the coming months
The energy firm declared dividends of $31.1bn for the second quarter, including $10.8bn in performance-linked payouts
The company posted a quarterly net profit of $295m, a 28 per cent increase from $228m in Q2 2023
The energy firm said negotiations over the preliminary agreement are expected to be complete early in 2025
The company said its long-term focus would remain on “strategic portfolio optimisation” and restructuring underperforming assets
The fuel price committee raised retail prices for Super 98, Special 95, and E-Plus 91 by as much as 0.06 fils per litre in August
The fuel price committee reduced retail prices for Super 98, Special 95, and E-Plus 91 by 15 fils per liter in July compared to the previous month
The company has invested in renewable projects around the world at different stages of development, valued above $30bn
Masdar will invest EUR817m in the transaction, which values the portfolio at EUR1.7bn, making it one of Spain’s largest renewable energy deals
AW Shipping, ADNOC L&S’s joint venture with Wanhua Chemical Group, awarded shipbuilding contracts to Jiangnan Shipyard in China
Investor demand was strong, with the order book peaking at $4.6bn, representing an oversubscription rate of 4.6 times
The project, expected to be delivered this year, will improve the stability and reliability of Saudi Arabia’s power grid.
Demand for the three tranches topped $31.5bn, drawing over $11bn for each of the 10- and 30-year tranches and more than $9.5bn for the 40-year bonds
The agreements include gas and crude oil exploration projects in the Mediterranean, Nile Delta and Western Desert
GCC companies and governments have rushed to tap debt markets since the start of the year to take advantage of recent falls in global interest rate
The two sides reviewed the Comprehensive Strategic Partnership Initiative, focusing on joint projects aimed at sustainable economic growth
The credit facility is part of JBIC’s GREEN lending programme and is partially supported by Japanese commercial banks
The Gulf energy giants have been conducting preliminary evaluations of Santos as a possible acquisition target
The design of the rig operating systems will leverage real-time condition, performance, and utilisation data to generate actionable insights