The agreement focuses on developing Emerson and Aramco’s partnership in advancing localisation efforts in Saudi Arabia.
Emerson signed a memorandum of understanding with Saudi energy giant Aramco at the IKTVA 2022 Forum & Exhibition, the firm said on Thursday. The agreement focuses on developing Emerson and Aramco’s partnership in advancing localisation efforts in Saudi Arabia. “We are grateful for the continued partnership with Saudi Aramco in supporting critical national initiatives such […]
Baghdad is looking to decrease reliance on Iranian Imports and is turning to Saudi Arabia to supply electricity
Saudi Arabia and Iraq have taken steps to connect the power grids of the two largest oil producers in OPEC, Saudi state news agency SPA reported. Baghdad currently relies on Iranian imports for energy, and while the US has granted sanctions waivers to Iraq to continue importing fuel from Iran, which is heavily sanctioned by […]
The iktva program aims to help drive domestic value creation in the Kingdom and build a supply chain that helps maximize the long-term economic growth and diversification of Saudi Arabia
Saudi Arabian energy firm Aramco announced that it had signed 50 new Memoranda of Understanding (MoUs) at the In-Kingdom Total Value Add Forum (iktva) and Exhibition. Among those signed include some major agreements with Schlumberger for a partnership on climate leadership and digitalisation through localisation initiatives; Cameron/TechnipFMC/Baker Hughes for wellhead equipment localization procurement agreements; Larsen […]
The shortlist for the Middle East Energy Awards has been released with winners set to be announced at an event on February 23, 2022
Following record nominations for the Middle East Energy Awards, the shortlist has been announced by the hosting editors. A judging panel of industry experts will now deliberate on the best in each category, with the winners announced at a gala event on 23 February. The awards will celebrate the energy projects, initiatives, individuals and the […]
Dr. Al Jaber was speaking during a virtual panel session titled ‘Projecting COP Ambitions across COP27 and COP28 and Economic Diversification Priorities Post-pandemic’ at the Abu Dhabi Sustainability Week
The global energy transition is an opportunity for the UAE to transform and diversify its economy, Dr. Sultan Al Jaber, the country’s Minister of Industry and Advanced Technology and Special Envoy for Climate Change said Tuesday, state-news agency WAM reported. Dr. Al Jaber was speaking during a virtual panel session titled ‘Projecting COP Ambitions across […]
Oil demand for 2022 is expected to average around 100 million barrels per day, and in some months even surpass 2019 levels
Brent crude oil traded up to $87.83 on Monday, the highest price for the commodity since October 2014, as supply outages push the price for black gold higher. “Current oil prices reflect a tightening market, as supply outages are not being offset by any negative effect of the Omicron variant in oil demand,” Rystad Energy’s […]
The agreement will see BP capture and evaluate solar and wind data from 8,000 square kilometres of land
Energy giant BP and Oman’s Ministry of Energy and Minerals signed a Strategic Framework Agreement (SFA) and a Renewables Data Collection Agreement on Monday. The agreements aim to support the development of multiple gigawatt renewable energy and green hydrogen development in Oman by 2030. The agreement will see BP capture and evaluate solar and wind […]
According to a police statement, early investigations suggest that the fire was caused by small flying objects “possibly belong to drones,” state-news agency WAM reported.
Three petroleum tankers exploded in the morning of Monday, January 17, in ICAD 3, Mussafah, near ADNOC’s storage tanks in Abu Dhabi, UAE. Abu Dhabi Police confirmed a fire had broken out in the morning, causing the explosion, and added that a minor fire had also broken out in the new construction area of Abu […]
The IEA forecast that global fuel consumption will decline considerably during this quarter because of pandemic-related restrictions, but it seems that the actual restrictions are not having such a grave effect on it
Global oil demand has proven to be more resilient to the effects of the Omicron variant’s spread than the International Energy Agency expected, according to its chief, Fatih Birol, who spoke to media at a virtual meeting this week. “Demand dynamics are stronger than many of the market observers had thought, mainly due to the […]
If all parties agree to pursue a petrochemical project they will enter into a separate project joint development agreement
Saudi Arabia-based petrochemical firm SABIC announced it had signed a memorandum of understanding with energy giant Aramco and Polish energy group PKN Orlen for the exploration of potential petrochemical growth or expansion projects in Poland and Central and Eastern Europe. According to a statement, the agreement will help enable the study of several potential collaboration […]
