As the global economy and energy markets continue to recover from the damage coronavirus wreaked last year, investors are looking to the future, and it’s increasingly green
energy investments
ADNOC
Oil crown jewels no longer off limits in Middle East amid deal surge
The shift underscores how countries in a region home to almost half the world’s oil reserves are taking advantage of the recovery in energy prices following last year’s coronavirus-triggered crash to bolster their ailing finances
energy business
Oman is said to study strategic options for state energy firm OQ
The Omani government has been speaking with potential advisers as it considers alternatives for OQ, which could also include selling a stake in the business or one of its subsidiaries
clean energy
Dubai Holding inks deal to develop $1.1bn energy-from-waste facility
Dubai Holding has partnered with ITOCHU Corporation, Hitachi Zosen Inova, BESIX Group and Tech Group to develop Dubai Centre for Waste Processing
blue ammonia
Aramco likely to partner with China on blue hydrogen, CEO says
Aramco is looking to work with China on blue hydrogen and ammonia, synthetic fuels and carbon capture utilization and storage
Energy Development Oman
Oman starts new energy company as it seeks to leverage oil block
New government-owned Omani energy company is established as it seeks to use its largest oil block to raise debt
energy investments
Apollo, GIP bid for $10 billion Aramco pipeline stake
Aramco said to be studying bids from multiple companies
Energy Development Oman
Oman starts new energy company as it seeks to leverage oil block
Company will “undertake hydrocarbon exploration and production operations” and can borrow money “in any manner,” according to government gazette
Abu Dhabi
Video: We’ve made substantial investment in the US, says Mubadala Petroleum CEO
We’re carefully studying the changing landscape around sustainability and energy use, says Musabbeh Al Kaabi, CEO of Mubadala Petroleum & Petrochemicals.