Turkish Foreign Minister Mevlut Cavusoglu said on Friday it was not right for the United States to “bully” Saudi Arabia after OPEC+ oil producers announced production cuts earlier this month, defying Biden’s pleas. “We see that a country has threatened Saudi Arabia, especially recently. This bullying is not correct,” Cavusoglu said at a news conference in southern Turkey. President Joe Biden […]
Author Archives: Faiza Rizvi
QatarEnergy announces Shell as partner for giant LNG project
Last month, QatarEnergy selected TotalEnergies as the first international partner in the NFS expansion project
Saudi Arabia condemns Houthi attack on Yemen’s oil port
Saudi foreign ministry said that the attack was in violation of international law
Saudi Arabia, India to lay 1,600 km long underwater cable
The Kingdom of Saudi Arabia and India may soon be connected by submarine cables, creating a renewable energy grid as both countries explore a cross-country project being undertaken to extend a new era of energy diplomacy, Indian local media reported on Friday. As per media reports, the cost of the project could be between $15 […]
Abu Dhabi’s NMDC reports significant profit growth in 2022
The net profit of the National Marine Dredging Company Group (NMDC) grew 40.3% during the first nine months of 2022 to AED703 million, from AED501 million during the same period in 2021, WAM reported Oct 21. The positive results showcase the NMDC’s success in implementing its geographical expansion strategy, diversifying into new business verticals, and […]
DP World-owned company begins construction of oil production module in Dubai
Following completion, the topside module will be transported to the Karish field for integration onto a FPSO vessel
ADIPEC 2022: Key decision-makers to tackle energy crisis, climate change
The event is taking place at a time of unprecedented complexity in energy market and the global economy
Bahrain’s nogaholding to monetise assets; appoints financial advisor
Bahrain’s Oil and Gas Holding Co (nogaholding) has appointed Lazard Frères SAS, one of the world’s leading independent financial advisory firms, as the company’s strategic financial advisor to assist in the development of the group’s short-to-medium term financial strategy. Through this partnership, nogaholding aims to establish a comprehensive financial strategy that aligns with its ongoing […]
Aramco launches $800 million program to support small businesses
Saudi oil major Aramco announced on Thursday the launch of a new program named Taleed, which aims to accelerate the growth of Small and Medium Enterprises (SMEs) in Saudi Arabia — helping boost their contribution to economic development and support job creation. It also aims to deliver funding and financial solutions to existing and new […]
ADNOC sets world record for drilling longest well
Stretching 50,000 feet, the well is around 800 feet longer than the previous world record set in 2017