Arab

Oil Field

Italy’s ENI and UAE’s SNOC Begin Gas Production from Mahani Field in Sharjah

Italian energy major ENI and Sharjah National Oil Corporation from the United Arab Emirates announced on January 4 production start-up from the Mahani field, lo…

Crude Oil

Adnoc Distribution to Buy 15 Service Stations in Saudi Arabia for $10m

The company aims to “significantly” increase its presence in kingdom and become a top fuel retailer by 2025.

Oil & Gas Trade

New Year OPEC+ Meeting to Decide Oil Production Levels

The OPEC+ ministerial meeting comes after oil consumption tanked in 2020 due to the Covid-19 pandemic and a price war between Saudi Arabia and Russia.

Oil Field

Saudi Arabia Makes Four Oil and Gas Discoveries

Oil was discovered in the Al-Ajramiyah well, northwest of the city of Rafhaa, with tests showing a rate of 3,850 barrels per day (bpd).

Crude Oil

UAE Projects a Gradual Oil Demand Recovery in 2021

The United Arab Emirates is optimistic about a recovery in oil demand in 2021, but says it won’t be immediate.

Saudi Arabia

Aramco and Cognite Establish JV to Accelerate Industrial Digitalization

Aramco and Cognite will establish a new company that will focus on digitalization in Saudi Arabia and the broader Middle East and North Africa region.

Crude Oil

OPEC+ Plans To Meet More Frequently To Discuss Oil Market Balancing

OPEC+ will take a more hands-on approach to global oil markets now that it plans to meet more frequently, citing the leaders of the group, Saudi Arabia and Russ…

Solar Power Plant

EGYPT: EBRD Lends $4.2m for a 6 MWp Solar Power Plant at Dina Farm

The European Bank for Reconstruction and Development is approving a $4.2m loan for Taqa PV for Solar Energy, Taqa Arabia's renewable energy subsidiary.

Solar Power Plant

Azelio Reaches Major Milestone By Winning Its First Commercial Order From Dubai

The storage unit will be part of a system in the fourth phase of one of the world’s largest solar parks, the Mohammed Bin Rashid Al Maktoum Solar Complex in Du…

Nuclear Power Plant

First UAE Nuclear Reactor Reaches Full Power

Barakah unit 1 has reached 100% power and is now generating 1400 MW of electricity, the Emirates Nuclear Energy Corporation has announced today.

China

OIL & GAS 50 2020 RANKING

Shell retains title of world’s most valuable oil & gas brand, brand value up 12% to US$47.5 billion.Saudi Aramco is new entrant in ranking taking second positi…

Biofuel

Uniper Energy Dubai & Neutral Fuels Join Forces to Deliver Maritime Biofuel in Fujairah

Uniper Energy DMCC (UED) and Neutral Fuels have announced that they will collaborate to provide maritime biofuel in Fujairah, UAE.

Solar Power Plant

Dubai Inaugurates 800MW PV

Phase three of the Mohammed bin Rashid Al Maktoum Solar Park is part of a larger complex totalling 5GW

United Arab Emirates

Adnoc Makes 22bn Barrel Unconventional Find – Producing 5mn bpd by 2030

Adnoc has made an unconventional discovery of 22 billion stock tank barrels onshore, Abu Dhabi’s Supreme Petroleum Council has said.

Saudi Arabia

Saudi Arabia Seeks to Become Top Hydrogen Exporter

The world’s biggest oil exporter has set its sights on also becoming the largest supplier of hydrogen, a fuel seen as pivotal for curbing climate change.