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Oil & Gas Trade
Kazmunaygas, Socar to Ink Agreement to Boost Kazakh Oil Transit Through Azerbaijan - Magzum Mirzagaliyev (Exclusive Interview)
KazMunayGas, the national oil and gas company of Kazakhstan, and SOCAR, Azerbaijan's State Oil Company, will sign an agreement to increase the transportatio…
Oil & Gas Trade
Aramco Hikes Dividend 30% to $98 Billion Despite Drop in Profit
General view of Aramco's oil field in the Empty Quarter, Shaybah, Saudi Arabia, January 12, 2024. REUTERS/Hamad I Mohammed/File Photo/File Photo Purchase Li…
Oil & Gas Trade
Turkiye Examines Options for Obtaining Gas Supplies From Turkmenistan Through Azerbaijan
Ankara is considering options for supplying Turkmen gas to Turkiye through Azerbaijan, Iran and the Caspian Sea, Turkish Minister of Energy and Natural Resource…
Oil Price
Azerbaijan Oil Prices Decreases
The price of Azeri LT CIF Augusta decreased by $0.95 amounting to $86.32 per barrel on March 9, Azernews reports.It should be noted that in 2022, the average se…
LNG
Exclusive: Singapore's Temasek Shortlists Saudi Aramco, Shell in Sale of Pavilion Energy Assets, Sources Say
A view shows a logo of Shell petrol station in South East London, Britain, February 2, 2023. REUTERS/May James/file photo Purchase Licensing RightsSingapore'…
Carbon Emissions
ADNOC Says AI Added $500 Mln of Extra Value in 2023
A person walks past a Abu Dhabi National Oil Company (ADNOC) poster during the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) in Abu Dhabi…
Solar Power Plant
ACWA Power Plans to Attract Loan From EBRD to Implement Project in Uzbekistan
ACWA Power from Saudi Arabia has expressed its intention to attract loan funds from the European Bank for Reconstruction and Development (EBRD) to implement a r…
Oil Price
Several Countries Extend Oil Output Cuts to Boost Prices Amid Economic Uncertainty
The OPEC+ alliance on October 5, 2022, decided to sharply cut production to support sagging oil prices. © Michael Probest, APThe plan to extend cuts to mid…
Oil&Gas Drilling
OPEC+ Members Extend Oil Output Cuts to Second Quarter
A view of the entrance to the Organization of the Petroleum Exporting Countries (OPEC) headquarters in Vienna, Austria, November 30, 2023. REUTERS/Leonhard Foeg…
Solar Power Plant
Saudi Arabia Is Building a 70 Million Euros Worth Solar Power Plant in RS
The Prime Minister of the RS, Radovan Višković, signed a memorandum today in Banja Luka with the Masco group from Saudi Arabia, which should build solar…
Nuclear Power Plant (NPP)
Fourth Barakah Unit Starts Up
The Emirates Nuclear Energy Corporation has announced the successful start-up by its operating and maintenance subsidiary Nawah Energy Company of the fourth uni…
Offshore Wind Power
RWE and Masdar Join Forces to Develop 3 Gigawatts of Offshore Wind Projects off the UK Coast
RWE and Masdar, the UAE’s clean energy powerhouse, have successfully closed their transaction announced at COP28 in Dubai last December, with Masdar now h…
Oil & Gas Trade
UAE's ADNOC Closes Acquisition of 24.9% Stake in Austria's OMV
Abu Dhabi National Oil Company (ADNOC) said on Thursday it has formally closed the acquisition of a 24.9% stake in Austrian oil and gas group OMV (OMVV.VI), ope…
Oil&Gas Drilling
Saudi Arabia Announces Major Gas Discovery at Jufurah Field
Saudi Arabia announced a major gas discovery on Sunday at the state oil company Aramco's Jufurah field.Energy Minister Prince Abdulaziz bin Salman said an a…
Oil & Gas Trade
Aramco Announces Big Gas, Condensate Find in Saudi Arabia
Saudi oil giant Aramco has announced that there has been a major jump in the volume of proven reserves of gas and condensate in its Jafurah unconventional field…
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