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Energy
Energy
ADNOC Drilling reports revenues of over $3 billion in 2023
Company outlines ambitious growth plans for 2024 and beyond
Energy
Dragon Oil to drill first well in Turkmenistan’s Block 19 in December
Government-owned company expands investments in the oil sector
Energy
Duqm refinery, a $9 billion joint venture between Oman and Kuwait to launch tomorrow
New refinery boasts a daily refining capacity of 230,000 barrels of crude oil
Energy
QatarEnergy expands production in largest oil field with $6 billion contracts
Developing 550+ barrels of oil in 5 years
Energy
Saudi Arabia’s Aramco to stick with 12 million barrels per day production capacity
Upon receiving a directive from the ministry of energy
Energy
Chinese startup introduces innovative nuclear battery
Atomic energy breakthrough could revolutionize tech industries
Energy
Crude exports surge in Saudi Arabia, reaching five-month high
Saudi refinery output declined by 0.47 percent, reached 2.11 million bpd
Energy
End-of-year turbulence overshadows COP28 success
Red Sea tensions add to shipping costs but energy flows unaffected
Energy
DEWA commissions 1,414 new 11kV distribution substations in 2023
Construction of the substations resulted in a total of 996,648 man-hours
Energy
India’s Petronet LNG to extend LNG deal with Qatar beyond 2028
Qatar continues global LNG dominance with strategic long-term agreements
Energy
Dragon Oil commences production of crude oil in Egypt
Production set initially at 3,000 barrels of crude oil per day
Energy
Oil market in 2024: Increased demand, dynamic supply sources
OPEC to cut output by 2.2 mbpd while US production to increase to 13.3 mbpd
Energy
Saudi Arabia to produce 130 GW of renewable energy by 2030
Investing in renewable energy projects worth $188 billion
Energy
Abu Dhabi’s Mubadala Energy announces 6 trn cubic feet gas discovery in Indonesia
Successful outcome promises to derisk multiple trillion cubic feet of prospective gas resources
Energy
Saudi’s ACWA Power signs $800 mn power purchase agreement for South African hybrid renewable project
Operation to commence by Q2 2026
Energy
Putin visits UAE, Saudi Arabia today, oil key in talks
Russia to tighten oil restrictions in early December
Energy
Saudi Arabia: OPEC+ oil production cuts can continue past March if needed
Putin plans to visit Saudi Arabia, UAE this week, aide says
Energy
UAE and Bill Gates’s TerraPower to produce emissions-free electricity
Developing Natrium technology to produce carbon-free electricity
Energy
OPEC+ agrees voluntary oil production cuts, extends invitation to Brazil to join alliance
Saudi extends voluntary 1 mn bpd production cut through March
Energy
OPEC+ meeting, a critical factor in shaping volatile oil prices
Policy-setting gathering moved from November 26 to November 30
Egypt
Shell makes major gas discovery in northeast Egypt
Ambitious plan for Mediterranean gas wells gains momentum
Energy
Concerns over weak demand spark a decline in oil prices
Reversing Monday’s increase and outweighing potential additional supply cuts
Energy
Prices of oil futures increase amid potential deeper supply cuts
OPEC+ has been reducing oil production by 5.16 million barrels per day
Energy
New natural gas discoveries unveiled in Saudi
Al-Hiran gas field confirmed with 30 million cubic feet daily flow
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