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Posted inProducts & Services
Dana Gas to drill 19 wells in Egypt in 2008
The UAE’S natural gas company, Dana Gas recently announced an exploration and development program, which will involve the drilling of 19 new wells in Egypt during 2008.
Posted inProducts & Services
Egypt revisits nuclear option
Government has drawn up a co-operation framework with the IAEA that will last until 2030.
Posted inNews
Palestinian economy could get much-needed boost after Israel approves Gaza Strip gas development
Israel gave preliminary approval for the development of a gas field off the Gaza Strip on Sunday—a move that would be a boost for the cash-strapped Palestinian economy. Israel, however added, that the approval would require security coordination with the Palestinian Authority and neighbouring Egypt. Announcing the move on the Gaza Marine project, Prime Minister […]
Posted inNews
UAE, Qatar to restore diplomatic ties, reopen embassies
The UAE and Qatar have announced the re-establishment of diplomatic representation, the two Gulf nations’ foreign ministers said on Monday. Embassies and consulates will resume work as of Monday, June 19. The UAE embassy in Doha, Qatar’s embassy in Abu Dhabi and consulate in Dubai will reopen. “The two sides affirm that this step represents […]
Posted inEnergy Transition
Saudi Aramco, NEOM buy carbon credits at world’s largest auction
Saudi Aramco, the world’s largest oil firm, purchased the largest number of credits
Posted inBusiness
Jordan eyes $2.5 billion investments in new projects
According to an official document released on Monday, Jordan plans to attract investments totaling around $2.5 billion in new projects from Saudi Arabia and various other countries from 2023 to 2026. The document, published by the Arabic newspaper Alghad, reveals that the government’s Investment Council approved this strategy in late May, with a focus on […]
Posted inNews
Iraq, GCCIA inaugurate landmark grid interconnection project
The Gulf Cooperation Council Interconnection Authority (GCCIA) has embarked on the implementation of a new super grid project, connecting the GCC with the southern region of Iraq, according to a press statement. The interconnection project, slated for completion by late 2024, marks the first-ever expansion beyond the electrical grid system of the GCC countries. The […]
Posted inNews
ADNOC awards multi-million EPC contracts for Abu Dhabi’s Bab and Asab fields
ADNOC Onshore recently awarded multi-million EPC contracts for Bab and Asab oil field clusters to maintain and sustain crude oil production from the assets. The project, which aims at expanding ADNOC’s oil production capacity, was divided into 5 EPC packages, according to data from DMS Projects. EPC package awards Egypt-headquartered contractor Petrojet was awarded the contracts for […]
Posted inNews
Hydrom, BP Oman secure $20 billion deals for massive green hydrogen projects
Hydrogen Oman (Hydrom) has taken a major leap forward in the green hydrogen sector by signing three groundbreaking agreements worth over $20 billion. The agreements, sealed with Amnah and Oman Green Energy Alliance, as well as BP Oman, are set to establish three major green hydrogen projects in Oman’s Al Wusta Governorate. With a combined […]