QatarEnergy celebrated the steel cutting of the first of its new generation of chartered LNG vessels to be constructed in a Korean shipyard. QatarEnergy joined Samsung Heavy Industries, and JP Morgan Asset Management in a special ceremony on Geoje Island in the Republic of Korea to celebrate this milestone, which is part of QatarEnergy’s historic LNG Fleet Expansion Project. In April, the state-owned giant announced […]
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Asia’s largest coal carbon capture facility begins operations in China
China’s state-owned power company China Energy Investment Corporation has begun operations in Asia’s largest coal-linked carbon capture, utilisation, and storage (CCUS) facility, global newswire Reuters wrote in a report citing the Chinese media outlet CCTV. According to the report, the facility, which is connected to the company’s Taizhou thermal coal power plant in Jiangsu Province […]
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Kuwait Oil Company set to award $250 million wind energy project
Kuwait Oil Company (KOC) is set to finalise the main construction contract for a pilot wind farm to generate electricity for the oil sector by Q3 2023, according to media reports. A source quoted by Zawya said that the bid submission is currently ongoing, and the Engineering, Procurement, and Construction (EPC) contract is expected to […]
Inside ADNOC’s oldest, biggest onshore field Murban Bab
The Murban Bab Oil Field, around 84 kms north west of Abu Dhabi, was where ADNOC struck first oil in the 1960s. The Murban Bab oil field is the biggest onshore oil field in Abu Dhabi and the oldest operating field in the UAE. “This is where it all began,” ADNOC says on the company […]
Exclusive: Aramco chief talks risk management
In an exclusive interview, Aramco’s VP and Chief Loss Prevention Engineer Ghassan Abulfaraj, discusses the company’s strategic approach to risk management Oil & Gas Middle East: What is Aramco’s approach to managing risk exposure? Abulfaraj: Aramco proactively assesses and manages all risks be it strategic, operational, compliance or financial using a systematic and detailed methodology […]
Navigating the changing energy landscape
Over the last 45 years, the energy industry has witnessed a seismic shift, shaped by developments in technology, geopolitics, and, more recently, sustainability. Dietsmann, a global leader in operational maintenance for the oil, gas, LNG, power, and mining industry, has not only navigated these tumultuous waves of change but has skillfully turned them into catalysts […]
ADNOC Logistics & Services shares skyrocket on market debut after record IPO
ADNOC Logistics & Services surged 58% above their listing price on its market debut on Thursday. ADNOC L&S climbed from its listing price of AED 2.01 to close as high as AED3.130, giving it a market capitalisation at the time of listing of about $4.05 billion. “The record-setting market debut of ADNOC L&S marks the […]