Energy

ADNOC Drilling reports revenues of over $3 billion in 2023

Company outlines ambitious growth plans for 2024 and beyond

Dragon Oil to drill first well in Turkmenistan’s Block 19 in December

Government-owned company expands investments in the oil sector

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

Chinese startup introduces innovative nuclear battery

Atomic energy breakthrough could revolutionize tech industries

Crude exports surge in Saudi Arabia, reaching five-month high

Saudi refinery output declined by 0.47 percent, reached 2.11 million bpd

End-of-year turbulence overshadows COP28 success

Red Sea tensions add to shipping costs but energy flows unaffected

DEWA commissions 1,414 new 11kV distribution substations in 2023

Construction of the substations resulted in a total of 996,648 man-hours

India’s Petronet LNG to extend LNG deal with Qatar beyond 2028

Qatar continues global LNG dominance with strategic long-term agreements

Dragon Oil commences production of crude oil in Egypt

Production set initially at 3,000 barrels of crude oil per day

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

Saudi Arabia to produce 130 GW of renewable energy by 2030

Investing in renewable energy projects worth $188 billion

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

Putin visits UAE, Saudi Arabia today, oil key in talks

Russia to tighten oil restrictions in early December

Saudi Arabia: OPEC+ oil production cuts can continue past March if needed

Putin plans to visit Saudi Arabia, UAE this week, aide says

UAE and Bill Gates’s TerraPower to produce emissions-free electricity

Developing Natrium technology to produce carbon-free electricity

OPEC+ meeting, a critical factor in shaping volatile oil prices

Policy-setting gathering moved from November 26 to November 30

Shell makes major gas discovery in northeast Egypt

Ambitious plan for Mediterranean gas wells gains momentum

Concerns over weak demand spark a decline in oil prices

Reversing Monday’s increase and outweighing potential additional supply cuts

Prices of oil futures increase amid potential deeper supply cuts

OPEC+ has been reducing oil production by 5.16 million barrels per day

New natural gas discoveries unveiled in Saudi 

Al-Hiran gas field confirmed with 30 million cubic feet daily flow