The hub will potentially store up to 9 million tonnes of CO2 a year by 2027
Author Archives: Faiza Rizvi
Posted inEarnings
Arabian Drilling records $114 million profit post IPO
The company’s profits jumped 171% during the first nine months of 2022
Posted inEnergy Transition
Greener Dubai: ENOC signs agreement for green ammonia production
The move is aligned with the UAE’s overall efforts to diversify its energy sources
Posted inEPC Contracts
EPC contractor Galfar’s JV secures $83.1 million contract from Shell Oman
The scope of work includes design and build and operation of the field operating base
Posted inNews
Dana Gas profits soar to $161 million
Dana Gas, the Middle East’s largest regional private sector natural gas company, has posted net profit increase of 64% to $161 million compared to the same period last year. The gains in Dana Gas’s profitability in the first nine months of the year were driven by higher realised prices, prudent cost control and strong operational […]
Posted inNews
Oil prices “flirting with $100” could be dangerous for world economies, IEA chief says
Analysts say oil prices could return to above $100 per barrel again, sooner than expected
Posted inNews
L&T, Petrofac in advanced stages of construction for $200 million project
According to data from DMS Projects, the engineering work for the project has been fully completed
Posted inNews
Eid holidays: UAE to enjoy 4-day long weekend
In 2023, Ramadan is expected to begin on March 23, which is subject to change based on relevant moon sightings
Posted inProducts & Services
Oil smuggling worth millions of dollars can be prevented using technology, experts say
Iraqi experts believe that hundreds of billions of dollars can be saved every year if Iraqi authorities utilise simple and low-cost technologies in preventing the theft and smuggling of Iraqi oil, according to an Arabian Business report. Oil theft costs the country $750 million every month, which is about $9 billion every year, which is […]
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