West Texas Intermediate traded near $84 a barrel after closing almost 2 per cent lower on Tuesday following a volatile session
Oil and gas investments slumped from $700bn in 2014 to $300bn in 2021, according to Aramco’s chief executive officer, Amin Nasser
Arabian Drilling operates 45 rigs and had revenue of $586m last year
South Korea’s biggest company also aims to switch overseas factories entirely to renewable electricity within five years
ACWA Power owns 51 per cent of the 5 GW Sirdarya combined cycle gas turbine facility, with Silk Road Fund obtaining a 49 per cent stake
Crude futures have tumbled almost 25 per cent over the past three months
The project recycles waste heat from ADNOC Refining’s plant in Ruwais, increasing power production and thermal efficiency of the facility by around 30 per cent with no additional emissions
It’s the highest monthly production level the kingdom has reported to OPEC since April 2020
Abu Dhabi-based Taqa has significant investments in power and water generation, transmission and distribution assets, as well as upstream and midstream oil and gas operations
WGES is organised by DEWA, the World Green Economy Organization and the Dubai Supreme Council of Energy
The agreements will see Mubadala and Taqa each acquire a 40 per cent stake in two gas-fired power plants in Uzbekistan
The agreement will see ADNOC supply DUSUP with natural gas, which will be used instead of clean coal for electricity generation at DEWA’s IPP
Natural gas prices in Europe and Asia are trading at a record high for this time of year
Oil has made a weak start to September, extending a run of three monthly losses
Mubadala Energy will expand across the gas value chain, while exploring investment opportunities in new energy sectors such as blue hydrogen and carbon capture
After the completion of the sale, the share of renewables in Sembcorp’s total energy capacity will rise to 51 per cent from 43 per cent
West Texas Intermediate traded near $89 a barrel in early Asian trade, 2.4 per cent higher than Friday’s close
The contract will increase Lower Zakum field’s gas production capacity from 430 million to 700 million standard cubic feet per day
The cargo will be delivered to Aurubis, a Hamburg-headquartered provider of non-ferrous metals and one of the largest copper recyclers worldwide
Qatar aims to develop its carbon capture and storage facilities so that it can sequester as much as 11 million tons of carbon dioxide a year by 2035
The price of Super 98 has been eased to Dhs3.41 per litre
The framework agreements, the largest of such awards in the oil and gas industry, cover ADNOC’s onshore and offshore fields and will run for five years
Commodities including oil have also faced a headwind this month from gains in the dollar
The institute joins other key organisations based in Masdar City, including the International Renewable Energy Agency, Mohammed Bin Zayed University for Artificial Intelligence and Emirates Nuclear Energy Company
The $3.5bn project will use renewable energy sources and produce 500,000 tons of green ammonia from 100,000 tons of green hydrogen annually
The Organization of Petroleum Exporting Countries and its allies convene on September 5
The total overseas investments amount to $23.2bn and its overseas equity capital is approximately $65bn
Crude prices are on course for a third consecutive monthly drop in what would be the longest losing run in more than two years
The company has bought a total of four premium offshore jack-up rigs this year
Crude is heading for a weekly gain as signs of a tightening supply outlook offset concerns over an economic slowdown