bp has been awarded two exploration blocks offshore Egypt by the Egyptian Natural Gas Holding Co, bp said in a press release. The northwest Abu Qir offshore area – in which bp holds 82.75% and Wintershall-Dea holds 17.25% – covers an area of approximately 1038 square kilometres with water depths ranging between 600 metres and […]
Author Archives: Faiza Rizvi
More EPC projects on the horizon as UAE expands oil production capacity
ADNOC has allocated a budget of $150 billion on capital expenditure in the next five years to achieve this target
Qatar, ConocoPhillips sign agreement to supply LNG to Germany
The LNG volumes will be sourced from the two joint ventures between QatarEnergy and ConocoPhillips
ADNOC to set up gas subsidiary; approves $150 billion budget
Abu Dhabi’s state-owned energy giant ADNOC has approved a $150 billion budget for the next five years as the company prepares to set up its gas subsidiary and list its shares on the Abu Dhabi Securities Exchange (ADX) next year. The new gas processing and marketing company will be called ADNOC Gas, and will begin […]
Saudi Arabia to build world’s largest airport powered by renewable energy
Saudi Arabia is set to build one of the world’s largest airports that will be powered by renewable energy, according to Crown Prince Mohammed bin Salman bin Abdulaziz. The King Salman International Airport, located in Riyadh is expected to contribute $7.18 billion annually to Saudi Arabia’s non-oil gross domestic product. With sustainability at its core, […]
The controversial Russian oil price cap: 5 facts you need to know
EU ambassadors have failed to agree on the maximum price at which Russian oil should be allowed to trade
Saudi Aramco unit proceeds with $1 billion IPO
Luberef is planning to sell 50 million shares, or a nearly 30% stake, according to a statement from Aramco
Saudi Arabia could host World Cup 2030 in diversification push
Saudi Arabia is seeing its fastest economic growth in a decade thanks to elevated oil prices
Aramco, SABIC eye major crude-to-chemicals project in Saudi Arabia
With a capacity of 400,000 barrels of crude per day, the project will be established in Ras Al-Khair
UAE’s fuel delivery service eyes expansion amid growing demand
The company is also aiming to add 60 new employees as it caters to the rising demand for its products and services