Higher energy prices as global Covid-19 recovery continues have helped the company realise profitability, CEO says
GCC energy
Latest in GCC energy
ADNOC
ADNOC awards $946m contract for Umm Shaif field
Award supports plans by ADNOC to produce five million barrels per day (mmbpd) by 2030
GCC economic growth
UAE sees oil rebound boosting economic growth to 4.2% in 2022
Growth in the oil sector’s gross domestic product is set to be at 5 percent this year, an increase from last year’s 2 percent contraction
decarbonization
Why governments must take the lead to decarbonise GCC’s energy sector
GCC countries are among the highest per capita consumers of electricity in the world, ranging from 103 percent to 430 percent above the global average of 3.5 megawatt hours (MWh)
ADNOC
Pakistan invests in Middle East oil in $305m UAE deal
Led by state-owned Pakistan Petroleum Ltd, the consortium also includes Mari Petroleum Co., Oil and Gas Development Co., and Government Holdings Ltd
ADNOC
Abu Dhabi wants to revolutionise how the Middle East sells oil
Arabian Gulf states pump nearly 20 million barrels of oil a day and Abu Dhabi wants the futures for its flagship Murban grade to become the region’s main benchmark
Christophe Lalandre
Why the UAE is set to benefit from post-pandemic boom
Global growth to recover swiftly as vaccination becomes reality, says Stephanie de Torquat and Christophe Lalandre
ENI
Gas well start-up signals ‘exciting times’ for Sharjah’s energy sector
Sharjah National Oil Corporation and Italian energy giant Eni announce the start-up of the Mahani-1 gas well
ACWA Power
Saudi power major signs deals for $300m wind farm in Azerbaijan
ACWA Power inks agreements for wind power project that will be located in the Absheron and Khizi regions
