Skip to main content Skip to footer 
OPEC projects demand for crude to reach 43.2 million barrels per day in 2024
Areas of collaboration included renewable energy, hydrogen, liquefied natural gas
Discovery comes just a few months after the major discovery at the Layaran-1 well
Under the contract, Turnwell will be responsible for delivering 144 unconventional oil and gas wells
Blocks cover an area of around 11,400 square kilometers in water depths of 2,000 to 3,000 meters
Under the terms of the deal, Eni retains a 60 percent ownership stake and assumes the role of the operator
Excluding the corporate tax impact, net profit saw a robust 13 percent year-on-year increase to $165 million
The gas field contains economically viable quantities of gas, according to the Sharjah Petroleum Council
To provide clean electricity enough to power 350,000 homes
Partnership aims to deliver value and operational efficiencies to ADNOC, G42, Presight, and the UAE
LNG supplies from Qatar to China reached around 17 million tons in 2023
Petrol prices in the UAE have been rising from February onwards
Al Ghais anticipates a rise in oil demand to 116 million barrels per day by 2045
Deal aligns with Aramco’s strategy to expand its presence in key high-value markets like China
TotalEnergies also announces final investment decision for Oman's Marsa LNG project
The exports are primarily driven by sales from bonded storage for vessels operating on international routes
The initiative aligns with the corporation's vision to leverage innovation and technology for maximum profitability
This represented a rise of 55,000 bpd or 0.61 percent compared to the previous month
Oman LNG will supply up to 0.8 million metric tons of LNG annually to JERA starting in 2025
The contract includes a mandatory and optional extension period of up to 18 months
OPEC sees demand growing by 2.25 million barrels per day in 2024
Escalating geopolitical tensions and ongoing supply restrictions propel oil prices
The first production line is expected to be fully operative by the end of 2026
This expansion initiative aims to enhance the plant's processing capacity from 2.5 to a potential 4 bscfd
