The rigs are being built by Honghua Golden Coast and will progressively enter the fleet from the second quarter of 2024
The project will develop a centralised seawater treatment facility for operations at the Bab and Bu Hasa fields in Abu Dhabi
The investment opportunities include new and existing power plants as well as associated power infrastructure with a combined value of more than $3bn
The new solar projects, which will be jointly owned with ACWA and PIF’s Badeel, will have a combined production capacity of 4.55 GWac
You can maximise your efficiency by managing your energy. These daily rituals will help
Uzbekistan, which aims to achieve 25 percent of its energy mix from renewables by 2030, is a strategic destination for Masdar
Nassir Al-Naimi remains in charge of Aramco’s oil and gas production while Mohammed Al Qahtani will continue to run the refining and chemicals business
The agreement marks a collaboration between the two companies focusing on sustainable aviation fuels, green hydrogen and direct air capture technologies
The company expects the final offer price to be announced on May 26, after the book-building process
The drilling company’s earnings before interest, taxes, depreciation and amortisation in Q1 2023 reached SAR323m, with a margin of 41.5 per cent
The Abu Dhabi-listed firm said its revenues jumped 6 per cent in Q1 2023 to Dhs13.14bn, bolstered by higher bulk supply tariffs and transmission charges
Recent annual levels have been significantly below this amount, due to industry downturns, the pandemic and the increasing focus on environmental, social and governance issues
The energy provider said its net profit soared 19.4 per cent quarter-on-quarter and free cash flow stood at Dhs1.04bn
The net income for the quarter ended March 31 included a one-time tax benefit of $300m following its formation earlier this year
Profitability for the quarter dropped 7 per cent compared to a 22 per cent decrease in the company’s realised prices during the period
The partnership builds on ADNOC Group’s $15bn commitment towards decarbonisation projects by 2030
Global crude oil prices declined in the first quarter of 2023 mainly driven by macroeconomic events contributing to market volatility
The utility company’s revenue for the first three months of the year hit Dhs5.44bn, up 7.3 per cent year-on-year
The location’s proximity to ADNOC’s current operations and its future growth projects were all important factors in the decision
The three-year contract is expected to commence in 2023 and will run through 2025
West Texas Intermediate futures slipped 0.7 per cent, after rallying 2.7 per cent on Friday
The fuel price committee marginally increased petrol prices by 15 fils for the month of May
West Texas Intermediate steadied near $75 a barrel after closing 0.6 per cent higher on Thursday
West Texas Intermediate traded below $79 a barrel after rallying around 2 per cent over the previous two sessions
West Texas Intermediate fell toward $77 a barrel after dropping the most since the banking crisis in March last week
Adopting energy-efficient strategies that reduce the demand and greening the current energy supply is key, says Pierre Cheyron
Ministry of Industry and Advanced Technology hosts around 30 German companies to discuss expanding cooperation in fields such advanced technologies and de-carbonisation
West Texas Intermediate futures dipped toward $77 a barrel and are more than 6 per cent lower this week
West Texas Intermediate remainder above $82 a barrel, taking its weekly advance to about 2 per cent and the longest winning run since June
The contract will enable the efficient delivery of completion services at Upper Zakum field and adds 20 per cent to annual revenue compared with 2022