Nicolas Thévenot, managing director of corporate banking at APICORP, discusses the company’s $75 million Shariah-compliant facility for voluntary carbon offsets
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Petrofac’s EPC work on schedule for Tatweer’s gas facility
The EPC work for the non-associated gas long-term field development (LTFD) operated by Bahrain’s Tatweer Petroleum is progressing as per plan and is expected to meet the scheduled completion date by 2023, data by DMS Projects shows. In June 2020, Petrofac’s Engineering & Production Services division (EPS) was awarded a multi-million dollar engineering, procurement, construction, […]
COP 27: UAE to continue supplying oil and gas to the world
The UAE is a responsible energy supplier and will continue to play this role as long as the world needs oil and gas, its president said at the opening of the UN Climate Change Conference on Nov. 7. “The UAE is a known as a responsible supplier of energy and will continue to play this […]
Top 25 OFS Companies 2022
Revealing the top 25 OFS players in the Middle East region
OPEC members reaffirm output cuts were unanimously agreed upon after US accuses Saudi Arabia of coercion
OPEC+ members issued statements early on Monday to defy US claims that “more than one” OPEC member had felt coerced by Saudi Arabia into the vote
Dubai’s Yellow Door raises $400 million equity to develop sustainable energy projects
The sustainable energy company plans to deploy over $1 billion in projects across the Middle East region
Carbon capture planned capacity to hit 1 billion tonnes per year
More than 50 new CCUS projects were announced this quarter, according to Wood Mackenzie
APICORP, Nogaholding to collaborate on ESG and green finance solutions
Both companies will work closely to strengthen corporate sustainability and ESG practices
ADNOC Distribution acquires a 50% stake in TotalEnergies Egypt for approx. $200mn
The acquisition by ADNOC Distributions will also see the refurbishment of several service stations to ADNOC branding, offering a robust foothold in a fast-growing fuel retail market in Egypt
UAE focus: Perfecting the energy mix on the road to net zero
Angitha Pradeep analyses the UAE’s role as a global player in the hydrocarbon, renewable, and nuclear sectors as the current economic and geopolitical setting impacts its diversification strategies