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gas
Banking & Finance
ADNOC Gas net income surges 21 percent in Q1 2024 at $1.18 billion
Domestic gas net income unit margin saw a 20 percent Y-o-Y improvement
Energy
UAE’s Sharjah announces discovery of new gas reserves in Al-Hadiba field
The gas field contains economically viable quantities of gas, according to the Sharjah Petroleum Council
Energy
QatarEnergy inks historic $6 billion agreement to build 18 ultra-modern LNG vessels in China
LNG supplies from Qatar to China reached around 17 million tons in 2023
Energy
Saudi Arabia’s crude oil production reaches seven-month high in February
This represented a rise of 55,000 bpd or 0.61 percent compared to the previous month
Industry
Saudi Arabia’s industrial production index up 1 percent in February
Index reveals 2.1 percent annual increase in manufacturing activity
Markets
Oil prices decline as Middle East tensions ease: Brent crude falls below $90
Investors await consumer price index data from U.S. and China later this week
Energy
Saudi Aramco expands Fadhili Gas Plant with $7.7 billion in EPC contracts
This expansion initiative aims to enhance the plant's processing capacity from 2.5 to a potential 4 bscfd
Energy
Abu Dhabi’s ADNOC Gas shareholders approve $3.25 billion dividend for 2023
Company plans to invest over $13 billion between 2024 and 2029 in growth opportunities
Energy
Saudi Arabia’s ADES Holding inks two agreements for oil exploration and production in Egypt’s Gulf of Suez
For FY 2023/2024, Egypt has raised its projected total investments in oil and natural gas to $5.79 billion
Energy
Oman LNG inks deal to provide LNG supply to Germany’s SEFE
The LNG deliveries from Oman to Germany scheduled between 2026 and 2029
Economy
Qatar’s fiscal strength, gas expansion plans earn ‘AA’ rating upgrade: Report
The report expressed confidence in Qatar's debt-to-GDP ratio
Industry
Saudi Arabia’s industrial production index up 0.3 percent in January on mining and quarrying
Manufacturing activities in the Kingdom rose by 1.1 percent in January 2024
Energy
Saudi Aramco discovers 15 trillion cubic feet of gas in Jafurah field
Jafurah field's resources reach 229 trillion cubic feet of gas and 75 billion barrels of condensate
Energy
ADNOC and bp to form gas joint venture to focus on Egypt
The formation of the JV is expected to be complete later this year.
Sustainability
ADNOC Gas inks 10-year deal with Indian firm to supply 0.5 million tons of LNG
Global demand for LNG rises in sustainable energy transition
Markets
Oil prices witness slight uptick amid continued tensions in Red Sea
Rebounding U.S. output, Libyan and Norwegian supply boosts influence oil prices
Energy
Crude exports surge in Saudi Arabia, reaching five-month high
Saudi refinery output declined by 0.47 percent, reached 2.11 million bpd
Logistics
Qatari LNG resumes Red Sea shipments despite tensions
LNG ships navigating around the Cape of Good Hope to reach Europe
Logistics
China’s exports drop as crude oil imports hit record highs
Imports of crude oil increased last year by 11 percent
Energy
India’s Petronet LNG to extend LNG deal with Qatar beyond 2028
Qatar continues global LNG dominance with strategic long-term agreements
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
New natural gas discoveries unveiled in Saudi
Al-Hiran gas field confirmed with 30 million cubic feet daily flow
Sustainability
EU commits to reducing methane emissions ahead of COP28
Imposing emissions restrictions on oil and gas imports as of 2030
Energy
Qatar’s gas deals establish global market dominance
Country plans to increase its LNG production capacity by more than 60 percent
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