OPEC has not invited Reuters or Bloomberg news agencies to report on ministerial meetings in Vienna this weekend to discuss future oil policy, according to media reports. Ministers from the Organization of the Petroleum Exporting Countries and its allies, a group known as OPEC+ that includes top producers Saudi Arabia and Russia, are scheduled to […]
Author Archives: Faiza Rizvi
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ADNOC confirmed as gold sponsor of Offshore Support Vessels Conference
ADNOC has been confirmed as a gold sponsor for the Offshore Support Vessels Conference, which will take place on 14-15 June 2023 at Conrad Abu Dhabi Etihad Towers. Organized by Great Minds Events Management, the event will provide a platform for participants to learn about the latest developments in the industry and showcase best practices […]
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Kuwait to award 22 oil and gas projects this year
State-owned Kuwait Oil Co (KOC) has announced plans to award 22 projects to local and foreign firms in the next few months, Zawya Projects reported, citing the Arabic language daily Alanba. KOC, which manages the OPEC member’s upstream oil industry, will gradually award those contracts after they are approved by the Central Agency for Public […]
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UAE’s untapped opportunity of hub and cluster CCS facilities
Countries driven by high emissions exports are being hit by international regulations on emissions such as the Carbon Border Adjustment Mechanism (CBAM) in the EU, development of the carbon price, and market competitiveness. Abruptly shutting down national industries to lower emissions would lead to the breakdown of the economy and a colossal loss of jobs. […]
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Top contractors fight for ADNOC’s multimillion Habshan gas contract
EPC giants including NPCC, Petrofac and L&T are in the race for a significant contract for ADNOC’s Habshan 5 new compression facility, according to data from DMS Projects. ADNOC Gas Processing is currently evaluating technical and commercial bids for the main tender of the project, with a decision expected within weeks. The EPC contract is […]
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UAE: Fujairah’s energy giant to enter EPC business; eyes $100 billion projects
Fujairah National Energy Co (FUJNEC) will soon begin selecting EPC partners as the company plans to venture into engineering, procurement and construction business in the downstream oil and gas sector. The emirate of Fujairah anticipates significant opportunities in the EPC sector, with an estimated value of approximately $100 billion over the next decade. FUJNEC, being […]
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ADNOC boss announces $1.6 billion new industrial projects
Dr Sultan bin Ahmed Al Jaber, ADNOC’s group CEO and Minister of Industry and Advanced Technology (MoIAT), announced more than 30 innovative industrial projects worth more than $1.6 billion during the second edition of the Make it in the Emirates Forum, which is being held under the theme of “Investment. Sustainability. Growth”. “These projects include […]
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UAE announces major drop in June petrol prices
The UAE fuel price committee on May 31 announced major reduction in petrol and diesel prices for the month of June 2023. The new rates will apply from June 1.
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QatarEnergy, Bangladesh to sign 15-year LNG deal
QatarEnergy will sign a long-term LNG supply deal with Bangladesh’s state-owned gas company Petrobangla on Thursday, Reuters reported. This marks the second Asian sales deal to be sealed for Qatar’s North Field expansion project. The 15-year agreement is for the supply of 2 million tonnes annually, Petrobangla’s Chairman Zanendra Nath Sarker told Reuters. Supplies are […]
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How BGN is building a sustainable future
BGN, a leading player in the global trade, storage, and transportation of petroleum products and petrochemicals, recently participated in the prestigious Middle East Petroleum & Gas Conference (MPGC) held in Dubai on May 22-23. Emin Imanov, CEO of BGN Trading, shared valuable insights about BGN’s operations during an exclusive panel discussion that focused on the company’s ability to connect producers, processors, and […]
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