ADES Holding, a Saudi oil and gas drilling and production services company in MENA, experienced a 30% surge above its listing price on its market debut in Riyadh on Wednesday after the company raised $1.22 billion in an initial public offering (IPO) last month.
Italy's Eni SpA hopes to reach a final investment decision (FID) on its second floating liquefied natural gas (LNG) project in Mozambique by the end of June next year., according to Reuters.
Kuwait's oil minister, Saad Al-Barrak announced a new strategy to boost oil and gas production on Monday and said his country would prepare the infrastructure for the Durra gas field, which it shares with Saudi Arabia and Iran claims a stake in.
Aramco, one of the world’s leading integrated energy and chemicals companies, is further advancing the development of emissions reduction solutions. These solutions include lower-carbon hydrogen, Direct Air Capture (DAC) of carbon dioxide, and the harnessing of geothermal energy.
Israel has suspended production at the Tamar gas field off its southern coast and will seek alternative fuel sources to meet its needs, the energy ministry said.
France will have enough gas supplies for the winter even in the event of severe cold weather, operators GRTgaz and Terega said, in a further indication that Europe's second-biggest economy has managed to diversify its sources from Russia.
Aramco and Siemens AG have decided to collaborate to build a pilot project for carbon capture and storage (CCS) as Saudi Arabia seeks new ways to tackle emissions.
TotalEnergies has installed and operates over 1,000 high-power chargers (HPC) for electric vehicles (EVs) across France, Chairman and Chief Executive Officer Patrick Pouyanné said during the recent inauguration of TotalEnergies' fifth 100% electric service station, Relais Garibaldi in Lyon.
Italy Saipem, in consortium with National Petroleum Construction Company (NPCC), has signed a letter of award with ADNOC for a new contract related to the Hail and Ghasha Development Project – Package 1 in the United Arab Emirates. Saipem's share of the contract amounts to around $4.1 billion.
ADNOC has announced that its Ruwais Refinery has obtained the International Sustainability Carbon Certification (ISCC) to produce Sustainable Aviation Fuel (SAF), making it the first company in the Middle East to earn the distinction.
