News / Middle East

bp’s UK Hydrogen Projects Will Include ADNOC, Masdar

In a major step forward for its planned blue and green hydrogen developments in Teesside in the north-east of England, bp has strengthened its partnership with ADNOC and Masdar of Abu Dhabi.

Rawabi Works to Secure $500M in Funding Before Potential IPO

An initial public offering (IPO), which could value the Saudi company at about $1 billion by the end of this year, is being considered by Rawabi Energy Co., part of Rawabi Holding Co.Rawabi is looking to raise as much as $500 million before this potential IPO.

Qatar, Germany Sign Joint Declaration, Form Energy Partnership

Saad Sherida Al-Kaabi, Qatar's Minister for State for Energy Affairs, and Robert Habeck, Germany's Minister for Economic Affairs and Climate Action, signed a joint declaration of intent today to further promote cooperation between the two countries in the energy sector.

Saudi Arabia Oil Production Capacity to Reach 13.4 mmbbl/d by 2026

According to Saudi Energy Minister Abdulaziz bin Salman, the Kingdom will be able to produce between 13.2-13.4 million barrels of oil per day (mmbbl/d) by the end of 2026 or beginning of 2027 thanks to increased production in the divided zone.

Aramco’s Q1 Net Income Shoots Up 82% YoY Amid Skyrocketing Oil Prices

Saudi Aramco's net income soared by 82% year-on-year (YoY) in the first quarter of the year, as the group took advantage of the volatility in global energy markets and surging oil prices after Russia invaded Ukraine.

GECF Secretary General Indicates Natural Gas Expansion in G20, Asia

The next G20 Energy Ministerial, which will be hosted by Indonesia, provides a chance to highlight natural gas's expanding role in meeting the G20's growing energy needs, as well as recognise its global relevance.

Eni Outlines Support of Education, Youth Entrepreneurship in Egypt in Latest Sustainability Report

In its 16th voluntary sustainability report “Eni for 2021 - A just transition”, Eni outlined its pivotal role in supporting Egyptian local and youth entrepreneurship, in addition to promoting education and professional training in Egypt as well as Angola, Iraq, Mexico, and Mozambique.

Saudi Aramco Reduces Arab Light Oil Prices to Europe, Asia in June

According to Saudi Aramco's pricing document published on Sunday, the country has reduced the price of its Arab Light crude grade to Asia and Europe.

TA’ZIZ, Reliance Sign Agreement for the Ruwais Chemicals Project

The formal Shareholder Agreement for the TA'ZIZ EDC & PVC project has been signed between Abu Dhabi Chemicals Derivatives Company RSC Ltd (TA'ZIZ) and Reliance Industries Limited (RIL).

Libyan Oil Ministry: Field Closures Will Force Production Down

The Ministry of Oil and Gas is following up on the statements and announcements issued regarding the closure of some oil fields and ports on the basis of the current political tensions between the various political parties.

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