Energy

QatarEnergy strikes long-term naphtha supply deal with Japan’s ENEOS Corporation

This agreement builds on the company's successful and long-standing relationship with one of its valued Japanese partners

Global energy demand reaches new high in 2023, fossil fuels maintain dominant share: Report

Energy transition stalls as global primary energy demand rises to 620 Exajoules in 2023

Abu Dhabi’s Masdar signs $3.43 billion deal to acquire Greece’s Terna Energy

Offer values Terna Energy's total equity at 2.4 billion euros with an enterprise value of 3.2 billion euros

PTTEP acquires stake in ADNOC’s Ghasha concession

Adnoc Group owns and operates the Ghasha concession, with a controlling stake of 55 percent

Output at Kuwait’s fully operational Al-Zour refinery reaches 615,000 barrels per day

Al-Zour refinery boosts Kuwait's total refining capacity from 800,000 bpd to over 1.415 million bpd per day

GCC countries improve rankings on energy transition index: Report

The top 10 countries on the energy transition index are all in Europe

QatarEnergy enters 10-year naphtha supply agreement with India’s Haldia Petrochemicals

Agreement commencing in Q2 2024 will be facilitated through QatarEnergy's HPL Global Pte Ltd

ADNOC awards $5.5 billion contract for Ruwais LNG plant

Project to more than double ADNOC’s existing UAE LNG production capacity to around 15mmtpa

OPEC maintains forecast for 2.25 million bpd global oil demand growth in 2024, 1.85 million bpd in 2025

The organization forecasted 2.3 million bpd rise in world oil demand in the second half of 2024

ADNOC Drilling, Alpha Dhabi joint venture raises stake in Gordon Tech for $270 million

Acquisition follows Gordon Technologies' completion of setting up its Abu Dhabi business

ADNOC pays $1.19 billion to ADNOC Distribution bondholders to redeem U.S. dollar denominated bonds

Following the redemption, ADNOC Distribution’s free float remains unchanged at 23 percent

Kuwait new energy strategy takes off but oil still dominates

Revival of projects in the energy sector key to the country’s development

OPEC oil output rises in May, reaching 26.63 million barrels per day

This represents an increase of 145,000 bpd from April

5 key green projects in Dubai that are helping reduce emissions

A solar park, a green hydrogen project and a hydroelectric power plant are some of the initiatives

Upstream oil and gas investment needs to rise 22 percent by 2030 to meet surging demand, $4.3 trillion required: Report

Global upstream oil and gas capital expenditure is expected to grow by $24 billion this year 

QatarEnergy inks 10-year naphtha supply agreement with Japan’s Idemitsu Kosan

Agreement to supply Idemitsu Kosan with 6 million tons of naphtha over the next 10 years starting in July 2024

OPEC+ extends voluntary production cut of 2.2 million barrels of crude oil a day into 2025

This extension builds upon previously agreed reductions of 3.66 million barrels per day announced in 2022 and 2023

UAE: Petrol, diesel prices for June 2024 announced

Petrol prices have reduced for the first time in June after rising month-on-month since February

ADNOC acquires 10 percent stake in major LNG development in Mozambique

Mozambique's Coral South LNG development has a production capacity of almost 3.5 mtpa

Saudi Arabia’s crude oil exports hit 9-month high, reaching 6.413 million bpd in March

Data also showed that Saudi refineries' crude throughput fell in March by 0.115 million bpd to 2.560 million bpd

ADNOC makes first major U.S. investment with 11.7 percent stake in NextDecade’s LNG project

ADNOC also signed a 20-year LNG off-take agreement for 1.9 million tonnes per annum of LNG

UAE’s ADNOC Drilling secures $1.69 billion contract to develop 144 unconventional wells

To service the contract and explore future opportunities, ADNOC Drilling has incorporated Turnwell Industries

UAE’s ADNOC to begin operations at Ras Al Sadr gas field in Abu Dhabi

The Ras Al Sadr gas field has a production capacity of up to 100 million standard cubic feet of gas per day