gas

EWEC seeks bids to develop Madinat Zayed IPP project in Abu Dhabi

Expected to begin operations in Q3 2027, the Madinat Zayed project will provide up to 1.5 gigawatts of backup generation

Oman’s GDP expands 1.7 percent in Q1 2024, reaching $24.77 billion

Crude petroleum activities declined by 3.3 percent, recording OMR2.55 billion

KEZAD invests $81.67 million in expanding natural gas network in Abu Dhabi

The new network has been developed by KEZAD Group's subsidiary, KEZAD Utilities & Facilities Management Company, in three phases

Kuwait announces massive oil and gas discovery estimated at 3.2 billion barrels

This discovery has raised hopes of finding additional hydrocarbons to boost the country's energy resources

Egypt approves $200 million in energy projects with foreign, national companies

Agreements include a deal to search for and exploit gas and crude oil in the North Port Fouad offshore area in the Mediterranean

Saudi Arabia uncovers seven new oil and natural gas discoveries in Eastern Province, Empty Quarter

In the Eastern Province, two unconventional oil fields were found - Al-Ladam and Al-Farouq

Natural gas shortage drives 54 percent surge in Egyptian fertilizer prices

Month-on-month prices reached up to $416.57 per ton in June, compared to $270.83 per ton previously

Kuwait new energy strategy takes off but oil still dominates

Revival of projects in the energy sector key to the country’s development

Upstream oil and gas investment needs to rise 22 percent by 2030 to meet surging demand, $4.3 trillion required: Report

Global upstream oil and gas capital expenditure is expected to grow by $24 billion this year 

Sharjah’s GDP surges 6.5 percent to $39.5 billion in 2023

Non-oil sectors also saw a significant 7.1 percent increase, reaching $38.79 billion in 2023

UAE’s ADNOC Drilling secures $1.69 billion contract to develop 144 unconventional wells

To service the contract and explore future opportunities, ADNOC Drilling has incorporated Turnwell Industries

UAE’s ADNOC to begin operations at Ras Al Sadr gas field in Abu Dhabi

The Ras Al Sadr gas field has a production capacity of up to 100 million standard cubic feet of gas per day

UAE’s SNOC signs deal with Eni to explore oil in Ras Al Khaimah

Under the terms of the deal, Eni retains a 60 percent ownership stake and assumes the role of the operator

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

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

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

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

Saudi Arabia’s industrial production index up 1 percent in February

Index reveals 2.1 percent annual increase in manufacturing activity

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

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

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

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

Oman LNG inks deal to provide LNG supply to Germany’s SEFE

The LNG deliveries from Oman to Germany scheduled between 2026 and 2029

Qatar’s fiscal strength, gas expansion plans earn ‘AA’ rating upgrade: Report

The report expressed confidence in Qatar's debt-to-GDP ratio