Aramco also increased pricing for light crude grades to the Mediterranean region
Members have decided to add 500,000bpd of production to the market next month, then hold monthly meetings to decide on subsequent moves
Zakher Marine International is working with Bank of America as it weighs its strategic options, including a sale
Oil has just capped its biggest monthly increase since May on optimism energy demand will rebound as Covid-19 vaccines are rolled out in the coming weeks
The reductions will be applied on electricity and water bills from December 1, 2020
Prices have remain unaltered for the ninth straight month
Dubai is starting up the $3.4bn Hassyan coal plant, with capacity being increased from an initial 600 mega watts to 2,400 by 2023
The fourth phase will be operational in stages starting from Q3 2021
The awards acknowledged champions from across the region’s business spectrum
The vessel, able to haul about 700,000 barrels of oil, was holed about 1 meter above the waterline
SirajPower to install a 1.8 MWp solar rooftop plant at Gulf Extrusions factory
SABIC reported its biggest quarterly loss in at least a decade in the three months through June
The sukuk will be used to help fund Acwa’s share of an $8bn acquisition of gasification and power assets at Jazan
The Supreme Petroleum Council gave approvals for ADNOC to award exploration blocks in Abu Dhabi’s second competitive block bid round
Aramco sold $8bn in tranches maturing in three, five, 10, 30 and 50 years
The yield on Aramco’s $3bn of bonds due in 2029 has dropped to 2.09 per cent from 3.04 per cent at the start of the year
A global health emergency and collapse in crude oil prices have ratcheted up the pressure to address the sector’s critical challenges: efficiency, agility and growth
A practical guide to lowering your carbon footprint
Aramco is the world’s largest oil exporter
The producer group is considering keeping additional supply off the market for three to six months
Murban crude, pumped from onshore fields, comprises more than half of the country’s output
The sultanate plans to transfer its 60 per cent stake in Block 6 from Petroleum Development Oman to a new company
Natural gas production in the UAE reached 109.8 billion cubic feet in 2019
AIQ data scientists will develop AI modelling and supercomputing solutions using Schlumberger’s open cloud-based software platforms
DEWA’s total investments in power transmission has reached Dhs11.2bn
The app-based rewards programme offers points for purchase at all ENOC retail sites including fuel
Credit downgrades and double-digit deficits poses challenges for regional countries that are not diversifying their economies
Markets have been volatile during the final weeks of the campaign as investors fretted over the potential for a contested outcome
Income still increased for the first time in five quarters as oil prices steadied
The company had begun reviewing its options at the start of the year