Oil giant Saudi Aramco announced its commodities trading arm, Aramco Trading Co (ATC), has fully acquired US refiner Motiva Trading and launched Aramco Trading Americas LLC (ATA) as a wholly-owned subsidiary based in Houston, Texas. “ATA will be ATC’s regional office, expanding its trading business in North and South America to capture new opportunities and […]
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Posted inNews
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
Posted inNews
ADNOC signs deal with German firm for ammonia cracking plants
The agreement will focus on the development of projects for large-scale ammonia cracking
Posted inNews
Turning CO2 into rock? ADNOC announces partners for unique project
ADNOC has announced a partnership with the Fujairah Natural Resources Corp (FNRC), Masdar and 44.01 to pilot technology that permanently mineralises CO2 within rock formations found in the Emirate of Fujairah. The project, which is the first of its kind in the Middle East, is due to commence in January 2023, and will use 44.01’s […]
Posted inNews
ADNOC awards $80 million contract for Hail and Ghasha gas development
A JV composed of Tecnimont, Technip Energies, and Samsung Engineering has secured the contract
Posted inNews
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
Posted inNews
UAE, Korea sign major energy deals
A joint declaration was signed between the two governments to enhance cooperation in energy through a strategic energy partnership
Posted inNews, Downstream
OQ inaugurates $463 million ammonia plant in Salalah
The plant has a production capacity of 1,000 metric tonnes per day of liquid ammonia
Posted inEvents
Cummins Arabia hosts Power Train conference in GCC
Cummins Arabia hosts Power Train conference post-Covid-19 for customers and consultants in Saudi Arabia, Kuwait, and the UAE
Posted inExploration & Production
Eni announces ‘significant’ discovery offshore Egypt
Eni announced today a significant new gas discovery at the Nargis-1 exploration well in the Eastern Mediterranean Sea offshore Egypt. The discovery can be developed leveraging the proximity to Eni’s existing facilities, the Italian major said in a press release. Nargis-1 confirms the validity of Eni’s focus on Egypt Offshore, which the company will further […]