The facility is expected to open by December 2024
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SLB reports nearly $1 billion profit; double digit revenue growth in the Middle East
Oilfield services giant SLB, formerly Schlumberger, has reported strong quarterly profits with increase in revenue across all divisions and geographical areas, especially in the Middle East. The company reported net profits of $1.07 billion in the fourth quarter of 2022, up 77% from a net income of $601 million in the same period a year […]
UAE’s fuel retailer ADNOC Distribution announces decarbonisation targets
ADNOC Distribution, the state-owned company specialized in the national and international marketing and distribution of petroleum products, on Friday announced plans to reduce its carbon intensity by 25% by 2030 by putting sustainability at the core of its day-to-day operations. The fuel retailer said it will work to decarbonise operations by reducing its Scope 1 […]
Aramco, ADNOC ranked most valuable brands in the Middle East
Aramco’s brand value rose to $43.6 billion, making it the most valuable brand in the Middle East
Opinion: Why Al Jaber’s COP28 appointment isn’t a ‘recipe for controversy’
Al Jaber is also the founding CEO and chairman of Masdar, which is working toward becoming the biggest green-energy company in the world
Decarbonisation in the oilfield
Alternative power sources are anticipated to increase steadily in the next decade or two, while the electrification of the oil field continues to grow with the use of fuel cells, electric motors, and other technologies, such as batteries
Top 25 Oil and Gas Technology Providers
Here is a list of the top 25 technology providers for the upstream, downstream and petrochemicals industries
Amid record-breaking profits, is ‘Big Energy’ investing enough in sustainable alternatives?
As the world seeks to accelerate progress on climate goals, policymakers are realising that the energy ‘trilemma’ must be addressed
SABIC executives on striving for a sustainable future in petrochem
SABIC hosted the 2022 edition of the GPCA Forum in Riyadh, Saudi Arabia, under the theme of ‘Chemistry in Action, Shaping a Sustainable Future’, to showcase its efforts to become a global leader in the circular economy
Top 5 offshore contracts in the Middle East 2022
Here is a list of the top 5 offshore deals secured by contractors in the Middle East