The new facility marks the Saudi-based oil and gas major’s entry into the UAE
Oil and Gas
Latest in Oil and Gas
Egypt
Significant oil discovery announced in Egypt’s western desert
The Egyptian Ministry of Petroleum unveils new incentives to boost oil and gas production and exploration
Oil and Gas
Oil and gas investments in Arab countries hit $406bn since 2003
Arab countries have attracted investment in 610 oil and gas projects since start of 2023
Kuwait
Kuwait announces discovery of ‘huge’ oil and gas reserves
Giant Kuwait oil and gas discovery will be major boost to economy
Egypt
Egypt to invest $200mn in oil and gas exploration to boost energy reserves
The agreements are part of the government’s strategy to attract foreign investment in the oil and gas sector
COP28
COP28 chief calls for oil and gas industry to decarbonise
COP28 boss says it is time to turn rhetoric into results and for energy companies to lead transition agenda
Egypt
Egypt plans to spend $1.8 billion drilling new oil wells in next two years
Minister of Petroleum and Mineral Resources says 35 new wells are to be drilled in association with leading international companies
Energy
Modern drilling is at the heart of a responsible future energy mix
In a world of highly volatile energy markets, climate change and energy insecurity, modern drilling technologies have a vital role to play in building a responsible global energy mix
GCC
Abraj Energy Services rebrands ahead of possible listing on Muscat Stock Exchange
The firm doubled down on its priority of ensuring “sustainable economic development” in Oman, the Chairman said
Aramco
Aramco income surges 90 percent to $48.4 billion on higher oil prices and refining margins
CEO Amin Nasser says oil demand will continue to grow for the rest of this decade, but stressed on developing new lower-carbon energy solutions
Abu Dhabi
Abu Dhabi’s TAQA posts 50 percent jump in half-year net revenues on high oil and gas prices
The Group’s revenues were at AED 25.4 billion, 15 percent higher than the corresponding period of 2021, fuelled by higher commodity prices within the oil and gas segment
Employment
Oil and gas giant Shell is hiring a TikTok manager to reach Gen Z audience
The London-based company is not new to youth-targeted marketing efforts
cash from operations
Why 2022 will see public exploration and production companies reporting record profits of $834 billion
The good times are set to get even better this year for public upstream operators, thanks to a perfect storm of factors pushing profits and cash flow to another record high in 2022, a Rystad Energy expert said
Abu Dhabi
Abu Dhabi’s National Marine Dredging Company permits foreigners to own up to 49 percent of the firm’s capital
The decision will result in increased trading on the National Marine Dredging Company’s shares, increased liquidity, and international flows for the stock, raising its value in global trading indices such as the FTSE Russell and the MSCI
Energy
Global oil and gas investments to grow $26 billion in 2022: Report
In 2021, global oil and gas investments hit $602 billion, but in 2022 investments will rise to $628 billion
Energy
Is the Middle East poised to become a hydrogen hub?
Challenges remain if the Middle East is to secure its role as a hydrogen hub for the future
2050 Energy Strategy UAE
Beyond oil: A transition to clean energy
The oil-dependent nation has completed a slew of green initiatives to aid the worldwide fight against climate change, and its efforts have not been unnoticed