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West Texas Intermediate traded near $73 a barrel after closing 0.3 per cent lower on Wednesday
The company first entered offshore exploration in Canada in 2021 with a 40 per cent stake in ExxonMobil’s licence for EL 1165A
Saudi Arabia has said publicly that the 23-nation alliance should keep supplies steady for the whole of 2023
The two entities intend to form a new joint venture that will focus on gas development in international areas of mutual interest
The state-owned oil major said the deal includes the supply of 480,000 bpd of crude oil to Rongsheng refinery for 20 years
The state-owned oil giant will supply up to 210,000 bpd of crude oil feedstock to the complex, which is being built in China’s Liaoning province
West Texas Intermediate declined toward $69 a barrel after on Thursday
GCC countries could produce food cheaply from bioreactors because their renewable energy costs can be lower than the global average
Airborne deliveries allow for improved access to essential services such as healthcare and basic supplies
The company’s full-year net profit surged by 22 per cent year-on-year to Dhs2.74bn while its revenues rose by 54 per cent to Dhs32bn
The expo aims to support Africa’s COP27 climate commitments and align with the Africa Power Vision by bringing together key energy stakeholders
Prices for US customers were left unchanged
A total of five IPOs in Abu Dhabi raised $5.37bn last year with state-related entities dominating the listings
The use of hybrid power land drilling rigs is an essential element of ADNOC Drilling’s decarbonisation strategy
The kingdom wants to use its energy windfall to accelerate projects that contribute to weaning it off a reliance on oil
The kingdom’s energy minister reiterated that the group’s policies are determined by technical studies of market balances
The entities signed the agreement during the World Government Summit to support investments in emerging markets related to climate mitigation and adaptation, the adoption of clean technologies, and food security
ADNOC Drilling reported that its full-year earnings before interest, taxes, depreciation and amortisation touched $1.23bn
Anchor investors will subscribe for 40 per cent of the shares at the maximum price
State-run energy consultant Engineers India expects to finalise a nearly $25m order for a chemicals and fertiliser plant in Nigeria
Saudi Aramco increased most of its prices for crude that will be shipped to its main market of Asia in March
Masdar will work closely with the government and other stakeholders in Azerbaijan to accelerate the growth of its renewable energy sector
Domestic manufacturing of these products will support the ‘Make it in the Emirates’ initiative, stimulate industrial growth and create more jobs for UAE Nationals
The company delivered adjusted EBITDA of $541m in the fourth quarter, flat on a year-on-year basis with a net profit of $247m
Energy demand last year reached 53,180 gigawatt-hours, compared to 50,401 gigawatt-hours in 2021
The agreements were signed at the Saudi-Omani Investment Forum being held in Riyadh
January 2023 will start with the creation of GE HealthCare, a company which will drive precision health to improve patient outcomes
The firm plans to grow its renewables capacity five-fold by the end of the decade
The agreements will help develop onshore wind and solar projects, and integrated offshore wind and green hydrogen projects, with a combined capacity of 4 gigawatts