According to the contract, the Chinese firm will invest up to $150 million a year, which will increase to $540 million in three years
Author Archives: Faiza Rizvi
Posted inNews
QatarEnergy, Chevron sign deal for $6 billion project
QatarEnergy also announced EPC contracts for the project
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Sheikh vs shale: Saudis won’t let oil stay at $75, shale chief claims
OPEC is likely to cut oil production again, CEO of US shale giant Pioneer Natural Resources said at a recent conference. “Saudi [Arabia] is not going to let Brent stay around $75 a barrel,” Scott Sheffield said, adding that it wouldn’t surprise him “if they had another cut.” Sheffield believes that oil futures will stay in backwardation […]
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Iraq’s oil revenues top $115 billion, ministry says
Iraq’s oil revenues in 2022 exceeded $115 billion, figures announced by the oil ministry on Tuesday, showed. “The total revenue from the export of crude oil for the year 2022 amounts to more than US$115 billion,” Minister for Oil Hayan Abdel-Ghani said in a statement. The country exported more than 1.2 billion barrels in 2022, […]
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ADNOC allocates $15 billion to low-carbon projects
This year, a suite of new projects and initiatives will be announced, including a first-of-its-kind CCS project
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Technip Energies secures major contract from Kuwait Oil Company
The five-year framework agreement covers services for KOC’s major projects
Posted inEnergy Transition
India approves $2.4 billion hydrogen plan
Green hydrogen is emerging as a future alternative to fossil fuels
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Aramco awards $693 million contract for desalination plant
By 2023, the plant is expected to have a power capacity of 270-320 megawatts
Posted inUpstream, News
More delays for Kuwait’s $848 million Al-Zour pipeline project
A project to build pipelines to feed Kuwait’s largest oil refinery in the Southern Al-Zour area is facing more delays although it was supposed to be delivered within 3 years after the contract was awarded in 2017, Zawya Projects reported, citing a Kuwaiti newspaper. Kuwait oil Company (KOC), which manages the oil-rich country’s upstream sector, […]
Posted inEnergy Transition
Amid record-breaking profits, is ‘Big Energy’ investing enough in sustainable alternatives?
As the world seeks to accelerate progress on climate goals, policymakers are realising that the energy ‘trilemma’ must be addressed
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