Arab

Oil Field

Saudi Arabia Announces Siscovery of New Oil, Gas Fields

The two fields, Hadat Al-Hajrah gas field in the Al-Jawf region and Abraq Al-Talul oil field in the northern border region, were discovered by the Saudi Arabian…

Combined cycle power plant

MHPS to Supply Turbines for 2.4GW Combined Cycle GTCC Plant in UAE

Mitsubishi Hitachi Power Systems has secured a contract to supply three M701 JAC generators for Fujairah F3, a 2.4GW gas turbine combined-cycle plant in the UAE…

Gas power plant

Explosion at Gas Pipeline Leads to Blackout in Syria

An explosion on the Arab Gas Pipeline has caused a power blackout in Syria and initial indications point to an attack.

Nuclear Power Plant

The UAE's Newly-Launched Nuclear Power Plant Connects to National Grid

The UAE's newly-launched nuclear power plant connects to national grid.

Crude Oil

Global Oil Demand is Expected to Return to 97% of Pre-Epidemic Levels by the End of the Year

At the OPEC and OPEC+ ministerial video conference that global oil demand is expected to return to the new crown by the end of 2020 97% of the level before the …

Nuclear Power Plant

UAE's Nuclear Power Plant Connects to the National Grid in a Major Regional Milestone

Unit 1 of the UAE's Barakah plant — the Arab world's first nuclear energy plant — has connected to the national power grid.

Energy Storage Project

Azelio And Alec Energy Sign 49MW Energy Storage Deal For Masdar City

Azelio will install a verification project in Abu Dhabi in Q3 2020 together with Masdar and Khalifa University.

Jordan

Jordan and Saudi Arabia Sign MoU to Connect Power Grids

Jordan and Saudi Arabia have reportedly signed a memorandum of understanding by laying out the framework for connecting their electric power grids.

Oil & Gas Trade

OPEC+ Seeks to Defend Oil-Market Gains as Demand Outlook Darkens

OPEC and its allies have achieved the oil-market equivalent of a high-wire act: increasing supply even as demand remains depleted, without crashing prices.

Solar Power Plant

UAE will Build the World's Largest Photovoltaic Power Station

UAE Hydro recently announced that it has completed the bidding for the world’s largest single solar power station AlDhafra photovoltaic power generation projec…

Saudi Arabia

Saudi Aramco Says Profit Fell 73 Percent as Demand for Oil Shrank

Saudi Aramco, the world’s largest oil company, said on Sunday that its quarterly earnings plunged more than 73 percent compared to a year ago, as lockdowns imp…

Crude Oil

Aramco Aims to Boost Production Capacity to 13 Million Bpd

The world’s largest oil company is looking to raise its production capacity by an extra million barrels per day.

Saudi Arabia

Saudi Aramco Still Aims for $15 Billion Investment in India’s Reliance

Saudi Aramco said it’s still working on a deal to buy a $15 billion stake in Reliance Industries Ltd.’s refining and chemicals business, even as lower oil pri…

Saudi Arabia

Oil Rises on Saudi Aramco's Upbeat Demand View

Oil prices climbed on Monday, supported by Saudi optimism about Asian demand and an Iraqi pledge to deepen supply cuts, although uncertainty over a deal to shor…

Saudi Arabia

Saudi Aramco Profit Collapses But Oil Giant Retains $75bn Dividend

State oil giant Saudi Aramco saw profit collapse nearly 75 per cent in the second quarter as the coronavirus pandemic decimated oil prices around the world.