The awards celebrated the very best across the energy industry
The Middle East Energy Awards concluded on Wednesday, February 23, with a ceremony recognising the winners across 10 highly competitive categories. The awards celebrated the energy projects, initiatives, individuals, and companies that have changed the way we use energy in the Middle East over the last year and covered the upstream, downstream, and utilities sectors, […]
Global benchmark for oil – Brent crude – crosses 7-year high as Russia announces special military operation in Ukraine
Brent crude crossed $100 a barrel for the first time since 2014 on account of Russia’s statement that military action is imminent in Ukraine. WTI jumped by 4.74% to trade at $96.47, while the global benchmark for oil – Brent crude – jumped by 4.56% to $101.26 per barrel as of 24 February. The BBC […]
The energy industry needs to be part of the discussion and the solution, Amin Nasser says
The energy transition needs policy makers and regulators to come together with the energy industry in order for it to be successful, the CEO of Saudi Aramco said. “We need to have a better dialogue where we are part of the discussion and the solution. We’ve seen what happened in Glasgow… we were kept away […]
The chairman went on to say that “energy transitions take time"
Saudi Arabian energy giant Aramco plans on remaining the world’s most important producer of oil and gas even while it intends to achieve net zero Scope 1 and 2 greenhouse gas emissions across all of the assets it owns and operates, the chairman of the company’s board of directors Yasir Al-Rumayyan said in a statement. […]
Book your table now and find out who takes top honours at this year's Middle East Energy Awards
Have you confirmed your tables for the Middle East Energy Awards 2022 set to take place on 23 February? Only two weeks away, ticket sales for the prestigious event are selling quickly. Tickets are priced at AED 1800 per seat and AED 13,500 per table till 18 February, with prices increasing after that. Click here […]
The new platform seeks to inform the key decision-makers and influencers in the Saudi Arabian energy market
ITP Media Group announced Friday that it would be launching a new platform exclusively for Saudi Arabia’s energy sector: Oil & Gas KSA. The new brand will be launching on February 28, and was conceived as interest has grown from our Saudi Arabian readership in Oil & Gas Middle East. The launch is perhaps unsurprising […]
Oil prices rollercoaster as JCPOA deal days away, Russia-Ukraine situation in standstill
Oil prices slipped by more than 2% early Thursday (17 February) morning due to comments regarding the JCPOA deal. West Texas Intermediate (WTI) fell more than 2% after closing above $93 a barrel on Wednesday, while Brent crude was trading down 2.6%. Iran’s top negotiator Ali Bagheri Kani tweeted that efforts to restore the […]
Raphael Torrano, managing director Middle East, WEG, and Marek Lukaszczyk, marketing manager - Europe & Middle East, WEG UK, explain to Oil & Gas Middle East how the electric motor industry is adapting to the future
This is McDermott’s biggest contract win for a renewable energy project yet, although the project value remains undisclosed
Houston-based engineering and construction giant McDermott has won its largest-ever renewable energy contract from TenneT to provide engineering, procurement, construction, installation and commissioning (EPCIC) services. The win is for the BorWin6 980MW High-Voltage, Direct Current (HVDC) project located 190km offshore Germany, on the Platform North Sea Cluster 7, at a depth of 40m, according to […]
The transfer of shares also support the PIF’s plan to grow its assets under management to $1.07 trillion by the end of 2025
Saudi Arabia has transferred 4% of Saudi Aramco shares to its sovereign wealth fund – Public Investment Fund (PIF) – according to a statement. In line with Aramco’s market capitalisation, a 4% stake would mean shares worth about $80 billion. Prince Mohammed bin Salman, Saudi Arabia’s Crown Prince, Deputy Prime Minister, Chairman of the Council […]
