Hailed as a clean energy solution, hydrogen is powering up decarbonization efforts across various sectors. As of October 2023, the industry boasts over 1,400 announced clean hydrogen projects, according to the Hydrogen Council's “Hydrogen Insights 2023”.
China's Sinochem Corp. has bought 1 million barrels of Venezuelan crude oil for delivery in December.
Indian Oil Corp. (IOC), the country's top refiner, plans to double the capacity of its liquefied natural gas (LNG) import terminal at Ennore in southern India.
Prime Minister Mostafa Madbouly has approved the national strategy for the green hydrogen during his meeting with the National Green Hydrogen Council’s members to follow up on the latest development of this vital sector.
The recent enlargement of the BRICS group, which now includes Saudi Arabia, Iran, Ethiopia, Egypt, Argentina, and the United Arab Emirates, is widely seen as a significant development that will have far-reaching implications on the world’s geopolitical and economic scene. It is also seen as a new game changer in the world’s energy dynamics.
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.
India’s Oil Minister Hardeep Singh Puri met with TotalEnergies CEO Patrick Pouyanne in Abu Dhabi and invited him to bid for exploration rights to one million square kilometers of blocks across the country that have been opened by Prime Minister Narendra Modi's government.
On August 24, the BRICS group of big emerging economies (Brazil, Russia, India, China and South Africa), founded in 2010, welcomed six new members, in an endeavor to reshape the global world order. The new countries, including Argentina, Egypt, Iran, Ethiopia, the Kingdom of Saudi Arabia (KSA), and the United Arab Emirates (UAE), will formally become members on January 1, 2024.
Data released by the National Centre for Statistics and Information (NCSI) showed that the total amount of exported oil recorded 178,956,300 barrels at the end of July 2023.
