The IFAD Murban futures contract is the first crude oil futures contract to be established in the Middle East since the Dubai Mercantile Exchanges commenced its Oman crude futures in 2007
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Bahrain awarded $1.6 billion worth of tenders in Q1 2021
The value of contracts increased by 23 % compared to Q1 2020
Low carbon production while diversifying energy mix ‘responsible way forward’: ADNOC CEO
Dr. Sultan Al Jaber said that the UAE is well-positioned to provide low cost, low carbon energy as demand grows
Shell’s climate strategy forces it out of Nigeria
CEO Ben Van Beurden said “Royal Dutch Shell is in talks with the Nigerian government to sell the Anglo-Dutch company’s stake in onshore oilfields.”
Gas production boom in Sub-Saharan Africa weighs on volatile grounds
While there is great potential for gas, it hangs on mega projects getting the green light and suppressing civil unrest and instability
ADNOC searches for potential investors ahead of drilling unit IPO
Abu Dhabi National Oil Company has started virtual meetings with potential investors ahead of the planned initial public offering
Aramco co-leads report to enhance cyber resilience
More than 40 senior executives from the oil and gas industry contributed by identifying cyber resilience best practices and suggested solutions
OQ and partners to build 25-gigawatt green hydrogen plant
The comes as several Middle East countries look to hydrogen as a potential alternative fuel source
NIOC keen to welcome foreign investments
Local company Petropars is developing the country’s offshore Farzad B gas field, but NIOC is also looking for foreign partners
UAE reaffirms commitment to carbon emission reduction
UAE government reaffirms its commitment to cut CO2 emissions, increase clean energy use by 2050