Energy

QatarEnergy expands Egypt exploration footprint, acquires 23 percent interest in North El-Dabaa (H4) Block

Block lies about 10 kilometers offshore the Egyptian Mediterranean shore at water depths ranging between 100 meters and 3,000 meters

ADNOC Gas to acquire 60 percent stake in Ruwais LNG for $5 billion from ADNOC

The Ruwais LNG plant will more than double ADNOC Gas’ current gross 6 mtpa LNG capacity to more than 15 mtpa

ADIPEC 2024 sets new records, unites industries to drive sustainable socioeconomic advancement

Under the theme ‘Connecting Minds. Transforming Energy,’ ADIPEC 2024 drew a record 205,139 participants from 172 countries 

ADIPEC 2024: ADNOC L&S signs contracts worth $4.4 billion for 23 supertankers

ADNOC L&S has the largest diversified fleet in the region, with over 800 owned, operated and chartered vessels

ADIPEC 2024: Energy, finance leaders urge joint efforts to mobilize capital

Conference seeks accessible and affordable capital for a fair energy transition

ADNOC, SEFE ink 15-year purchase agreement for Ruwais LNG project

The LNG will primarily come from the Ruwais LNG project, with deliveries expected to start in 2028

Official dates revealed for ADIPEC 2025 

40+ ministers and 200+ executives from around the world gathered in Abu Dhabi for ADIPEC 2024

Oil prices decline as U.S. inventory data shows larger-than-expected build amid Gulf hurricane concerns

Brent oil futures expiring in January dropped 0.6 percent to $75.11 a barrel

ADIPEC 2024: UAE plans to invest over $54 billion to meet sustainable energy demand over next six years, says Suhail Al Mazrouei

This initiative is part of the country's commitment to decarbonising the economy and achieving net-zero emissions by 2050 

Saudi Aramco achieves Q3 revenue of $111.1 billion, $27.6 billion in net profit

“Aramco delivered robust net income and generated strong free cash flow during the third quarter, despite a lower oil price environment,” Eng. Nasser said

ADIPEC 2024: Microsoft supports energy transition towards more sustainable future 

The booth features a Surface Zone and demo arena for attendees to explore Microsoft’s solutions for operational and environmental goals 

ADIPEC 2024: ADNOC, AIQ developing first-of-a-kind agentic AI solution for global energy transformation

ENERGYai combines large language models with specialized ‘agentic’ AI agents for tasks across ADNOC’s value chain 

ADIPEC 2024 sees calls for accelerating innovation to fast-track energy transformation

ADIPEC 2024 explores the role of policy and cross-border cooperation in shaping the energy transition and expanding access to climate technologies

Qatar affirmed at ‘AA/A-1+’; outlook stable: S&P

Growth momentum is expected to strengthen from 2026, supported by the North Field Expansion (NFE) LNG project

ADIPEC 2024: Dr. Sultan Al Jaber highlights AI, data centers’ impact on global energy systems

In the next six years, data centers will more than double, requiring at least 150GW of installed capacity by 2030 and double that again by 2040

OPEC+ extends voluntary oil output cuts until the end of the year

The group is currently cutting 5.86 million barrels per day of output, equal to about 5.7 percent of global demand

Oil prices rise as OPEC+ extends production cuts, impacting U.S. election and Chinese stimulus expectations

Brent futures had risen by $1.18 per barrel, translating to a 1.61 percent increase, reaching $74.28 per barrel

ADIPEC 2024 to feature AI zone with breakthrough solutions for AI energy needs, emissions

The AI zone will include the Energyai Conference, Creative AI Lab, Reskilling Lab and an immersive AI showcase

81.4 percent of Japan’s oil imports sourced from UAE, Saudi Arabia in September 

UAE stood out with 31.33 million barrels, while Saudi contributed 27.98 million barrels 

Oil prices surge as OPEC+ weighs production delays and U.S. gasoline stockpiles drop to two-year low

Brent crude futures, now reflecting the January contract, increased by $1.41, or 2 percent, reaching $74.22 a barrel