Energy

UAE: Petrol, diesel prices for September 2024 announced

The rates will be applicable from September 1 onwards

NMDC Energy IPO oversubscribed within hours on first day

Offer shares are available to eligible investors at AED2.8 per share

Dubai’s Dragon Oil opens new regional office in Turkmenistan, eyes additional offshore concessions

Dragon Oil seeks to raise its total production in the countries where it operates to 250,000 barrels per day by the end of 2025

Abu Dhabi’s Tabreed achieves carbon verification, reducing emissions by 19,320 tons annually

This follows Tabreed's 2023 initiatives, including the first geothermal-powered district cooling plant with ADNOC

UAE’s MoEI partners with RAK Petroleum Authority to drive sustainable energy transition

The agreement emphasizes data exchange, natural hydrogen research, and carbon capture

NMDC Energy gets IPO approval, to list 1.15 billion shares

Subscription period to open on Friday, August 30, 2024, for individual investors in the UAE

UAE: Petrol, diesel prices for September to be announced later this week

Petrol prices had increased in August after dropping in June and July

Oil prices steady amid smaller U.S. inventory draw, Libya’s supply concerns

Brent oil futures for October delivery dipped slightly to $78.62 a barrel

Egypt announces new oil discovery in Western Desert with daily yield of 7,165 barrels

The well was drilled to a depth of 270 feet into the Paleozoic sands

Oil prices rise on strong API data, ongoing supply concerns

Brent crude futures set to expire in October rose by 0.5 percent to $79.92 a barrel

UAE’s ADNOC deploys cutting-edge AI system Neuron 5 to boost operational efficiency

The innovative solution autonomously monitors equipment to optimize performance and enable preventive maintenance

UAE’s DP World sets ambitious emission cuts goals, commits to net-zero by 2050 with SBTi approval

The global logistics company seeks to reduce its scope 1 GHG emissions by 42 percent by 2030

Global oil demand to plateau beyond 2030, remain above 100 million barrels per day through 2050: Report

If every new car sold in the world in 2035 were electric, oil demand in 2050 would still be 85 million barrels per day

QatarEnergy, KPC ink 15-year deal to supply up to 3 MTPA of LNG to Kuwait

The contracted LNG volumes will be delivered ex-ship to Kuwait's Al-Zour LNG Terminal using QatarEnergy's LNG vessels starting in January 2025.

Oil prices pause after recent surge amid Middle East tensions, Libyan shutdowns

Brent crude futures declined by 32 cents, or 0.39 percent, to settle at $81.11 per barrel

Oil prices climb higher, boosted by geopolitical tensions and expectations of lower U.S. interest rates

Brent oil futures for October delivery advanced 0.8 percent to reach $79.59 per barrel

Egypt outlines strategy to restore, increase oil and gas output to pre-pandemic levels by 2025 with foreign partners

The country is reviving ambitions to become regional LNG hub after clearing petroleum sector arrears

DEWA’s R&D Centre develops digital first approach for condition assessment of critical assets

This approach eliminates the need for on-site sensors or hardware. It only requires asset data and their locations

Oil prices flat, headed for bleak weekly performance amid demand concerns

Brent oil futures expiring in October edged up 0.1 percent to $77.26 per barrel

Oil prices weaken on U.S. labor data, demand outlook uncertain

Brent oil futures fell 0.1 percent to $75.95 a barrel

Qatar’s economy to double by 2031 fueled by LNG boom, diversification: Report

Qatar's gas production will stay steady for 140 years before a major boom

Oil prices slide on rising U.S. inventories, easing Middle East tensions

Brent crude futures declined by 0.1 percent, settling at $77.11 per barrel