ExxonMobil CEO Expects That Energy Market Volatility Will Take Time to End
In an interview on Tuesday, ExxonMobil CEO Darren Woods said he expects the oil market to remain tight for three to five years.
News / Middle East
Egypt, Jordan Ink MoU to Boost Expertise Exchange
Minister of Petroleum and Mineral Resources Tarek El Molla signed a memorandum of understanding (MoU) with his Jordanian counterpart Saleh Al-Kharabsheh during the MENA Europe Future Energy Dialogue (MEFED 2022) to support and enhance cooperation between the two countries, especially in the fields of mineral resources, petrochemical industries, and oil and gas.
El Molla Participates in MENA Europe Future Energy Dialogue in Jordan
In Jordan's Dead Sea area, Minister of Petroleum and Mineral Resources, Tarek El Molla participated in a high-level ministerial discussion session at the conclusion of the second day of the MENA Europe Future Energy Dialogue (MEFED 2022). Â
Four Global Energy Giants Chosen for Qatar’s Massive LNG Expansion
In the expansion of the world's largest liquefied natural gas (LNG) project, Qatar has selected ExxonMobil, TotalEnergies, Shell, and ConocoPhillips as partners, according to sources cited by Reuters.
Saudi Arabia’s Bumps Up July Crude Prices Taking Asian Buyers by Surprise
Saudi Arabia, the world's largest oil exporter, hiked July crude oil prices for Asian clients to higher-than-expected levels, citing constrained supply and anticipation of high demand this summer.
ADNOC L&S Acquires Three Newly-Built Vessels Amid Soaring LNG Demand
ADNOC Logistics & Services (ADNOC L&S), Abu Dhabi National Oil Company's (ADNOC) shipping arm and the largest shipping company in the region, has decided to acquire three additional liquefied natural gas (LNG) vessels.
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.
