Saudi Aramco has partnered with Almar Water Solutions, water infrastructure and services company and Al Jomaih Energy and Water Co (AEW) to develop a water project which consists of a water treatment plant with a 185,000 m3/day capacity of water injection for the Zuluf mega-project. The contract was signed last December, while the financial closing materialised by […]
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Saudi Arabia’s futuristic city NEOM to build its first hydrogen fueling station
Saudi Arabia’s NEOM city will soon build its first hydorgen fueling station. Air Products Qudra signed an agreement with ENOWA, NEOM’s energy, water and hydrogen subsidiary, to build, own, and operate NEOM’s first hydrogen fueling station, providing critical infrastructure for NEOM’s sustainability goals. The initiative will help to decarbonise heavy modes of transport in NEOM, […]
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Magellan X’s global head on utilising deep-tech solutions
In an exclusive interview with Oil & Gas Middle East, Basheer Cassim, group CEO of Magellan X, discusses how its digital solutions underpinned by IIoT and AI, allow customers to meet their sustainability goals. Oil & Gas Middle East: Briefly describe Magellan X’s regional operations and what excites you most about disruptive technologies Cassim: Founded […]
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Aramco targets $55 billion investments; eyes increased oil and gas production
Aramco, the world’s most profitable energy company forecast its capital expenditure for 2023 between $45 to $55 billion in its largest spending exercise to date as it looks to increase its output capacity to 13 million b/d by 2027, the Saudi giant said in its full year financial results on March 12. Aramco continues to […]
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UAE’s energy sector will reach new heights, energy minister says
Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure, noted that the UAE will continue to forge ahead to ensure the energy sector reaches new heights through collaboration and a steadfast commitment to excellence and leadership. Al Mazrouei made these comments on the sidelines of a session titled ‘Charting the Future of the UAE’s […]
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Aramco reports record net income of $161.1 billion on higher oil prices
Saudi energy giant Aramco today announced its full-year 2022 financial results, reporting a record net income of $161.1 billion — its highest annual profits as a listed company. Aramco also declared a fourth quarter dividend of $19.5 billion, to be paid in the first quarter of 2023. The exceptional financial performance was underpinned by stronger […]
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QatarEnergy breaks ground on $8.5 billion petrochemicals facility
QatarEnergy and Chevron Phillips Chemical Co (CPChem) celebrated the ground breaking of the Golden Triangle Polymers Plant in Texas, marking the beginning of construction of the $8.5 billion world-scale petrochemical facility. Delivering remarks on behalf of HE Saad Sherida Al-Kaabi, president and CEO of QatarEnergy, Ahmad Saeed Al-Amoodi, QatarEnergy’s executive vice resident, Surface Development and […]
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Eni, ADNOC sign agreement for low-carbon projects
Eni’s CEO Claudio Descalzi and Dr Sultan Ahmed Al Jaber, group CEO of ADNOC, signed on March 4 an agreement for joint projects on energy transition, sustainability and decarbonisation. Through this agreement, Eni and ADNOC intend to explore potential opportunities in the areas of renewable energy, blue and green hydrogen, carbon capture and storage (CCS), […]
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Oil & Gas Middle East Awards 2023: Meet the winners and the highly commended!
The 2023 edition of the Oil & Gas Middle East Awards ended on an excellent note on the evening of March 2 at the Grosvenor House in Dubai. The event celebrated a total of 14 winners across upstream, midstream and downstream sectors, and individual categories who took home the beautiful crystal trophies loud and proud. […]
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A legacy of leadership
Gina Fyffe, founder and CEO of Integra, discusses the company’s history, growth, and commitment to diversity and inclusion