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Further attacks on ships in the Red Sea prompted fears of shipping disruptions and on hopes of interest rate cuts that could boost economic growth and fuel demand
The Southern African nation’s announced departure follows its protest against OPEC+’s decision to cut its output quota for 2024
The Layaran-1 discovery provides the foundation for future organic growth and additional exploration drilling activities in 2024
ADNOC will become the majority shareholder in Fertiglobe, increasing its shareholding to 86.2 per cent, with 13.8 per cent remaining in free float on ADX
For renewables to become the energy source of choice, battery-industry innovation is a must.
The state-energy firm said the transaction is subject to certain customary conditions, including regulatory approvals
The fuel price committee reduced the retail rates for Super 98, Special 95, and E-Plus 91 by as much as 0.41 fils per litre in November
The station, located in Masdar City, will produce green hydrogen from water, using an electrolyser powered by clean grid electricity
The technology that could emerge from the cooperation would help support the companies’ customers in the Asia-Pacific region
The Minister of Energy said the discovery of the Al-Hiran natural gas field was confirmed after gas flowed from the Hanifa reservoir in the Al-Hiran
Commissioned facilities at South Ghawar can process 300 million standard cubic feet per day of raw gas and 38,000 barrels per day of condensate
The company’s board of directors approved an interim cash dividend of $65m (Dhs239m) for Q2 2023, equivalent to 3.2 fils per share
The company said its third-quarter net profit exceeds the profit of the same period last year by 6.9 per cent despite a doubling in finance costs
Net profit declined to $32.6bn for the quarter to September 30 from $42.4bn a year earlier
The move to the new headquarters follows the approval of APICORP’s 2023-2028 business strategy, which includes a new brand identity
Based on the voluntary cut, the kingdom’s production in December will be approximately nine million barrels per day
The company’s Q3 2023 net income remained flat QoQ, with the increase in operating profit mostly offset by higher finance costs
The deal, signed at the China International Import Expo in Shanghai, is the third long-term supply deal between the two entities
The fuel price committee increased the retail rates for Super 98, Special 95, and E-Plus 91 by as much as 3 fils per litre in October
Brent crude oil futures dropped 98 cents, or 1.1 per cent, to $89.50 a barrel
Natural gas continues to play a crucial role as a transitional fuel with lower carbon emissions compared to other fossil fuels
The two sides discussed non-oil trade opportunities and discussed ways for the two nations to strengthen their bilateral relationship
The company’s board brought forward to 2027 plans to up production capacity to five million barrels per day and approved a capital spending of $150bn
Along with LNG, the North Field expansion project will produce 6,500 tonnes per day of ethane gas, which will be used as feedstock in petrochemical industries
The energy firm is testing the world’s first fully sequestered CO2 injection well in a carbonate saline aquifer in Abu Dhabi
MW Energy, a joint venture between Masdar and W Solar Investment, has signed an agreement with Tajikistan’s Ministry of Energy and Water Resources to explore the development of the projects
The engineering, procurement and construction contract was awarded to Petrofac Emirates
ADIPEC 2023 is expected to attract more than 160,000 attendees from 164 countries
The fuel price committee increased the retail rates for Super 98, Special 95, and E-Plus 91 by as much as 28 fils per litre in September
The second and final dividend for 2023 is expected to be paid in April 2024