Speaking at one of the biggest energy conferences in the world, Aramco has backed forecasts of continued demand for traditional fossil fuels
The deal, which is subject to regulatory approvals, is likely to be completed in the second half of this year
Revenue rose 17 per cent to reach $529m last year, compared to $452m in 2021
Oil and gas investments slumped from $700bn in 2014 to $300bn in 2021, according to Aramco’s chief executive officer, Amin Nasser
TotalEnergies will own 25 per cent of a joint venture with QatarEnergy, with the venture in turn holding 25 per cent of North Field East
China was the top destination of Qatar’s exports in April with close to QR6.6bn riyals
Saudi Aramco has discovered the five fields that can produce over 100 million cubic feet per day of natural gas in total
Gas is a cleaner fuel than crude oil
The contract was awarded by ADNOC Offshore to National Petroleum Construction Company following a tender process
ADNOC is among several major state oil companies increasing production of gas as consumers try to switch away from crude and coal
The Al Zour LNG terminal received its first cargo of gas, from Qatar, on Monday
Clean hydrogen could meet a quarter of the world’s energy needs by 2050
The debt will help the Gulf state pump more gas from the giant North Field
The UAE is now bidding to host the UN’s global climate talks in 2023
Saudi Aramco is continuing to work on determining the size and volume of discovered fields
Aramco said it will drill more wells to evaluate how much energy the fields hold
While all sources of energy — oil, coal, natural gas, and even nuclear — will see a decline, renewable energy is likely to be the bright spot