Abu Dhabi’s state-owned energy giant ADNOC has approved a $150 billion budget for the next five years as the company prepares to set up its gas subsidiary and list its shares on the Abu Dhabi Securities Exchange (ADX) next year. The new gas processing and marketing company will be called ADNOC Gas, and will begin […]
oil and gas news
The controversial Russian oil price cap: 5 facts you need to know
EU ambassadors have failed to agree on the maximum price at which Russian oil should be allowed to trade
Saudi Aramco unit proceeds with $1 billion IPO
Luberef is planning to sell 50 million shares, or a nearly 30% stake, according to a statement from Aramco
UAE’s fuel delivery service eyes expansion amid growing demand
The company is also aiming to add 60 new employees as it caters to the rising demand for its products and services
L&T secures contract for one of the largest clean energy projects
Upon completion, the hydro storage plant will be one of the largest clean energy projects of its kind in India
UAE, Saudi Arabia slam media reports on OPEC oil output increase
“It is well known, and no secret, that OPEC+ does not discuss any decisions ahead of its meetings,” Saudi Energy Minister said in a statement
Shiekh Mohammed unveils UAE Vision 2031: All you need to know
Generating public sector job and hosting the COP 28 climate summit next year were highlighted as major goals of the vision
Saudi Aramco signs $11 billion deals to strengthen supply chain
The deals are expected to create 5,000 jobs for Saudis
Petrofac CEO to step down; McDermott’s Tareq Kawash appointed as successor
Tareq Kawash, who currently serves as SVP of McDermott, has been appointed as the new CEO
Saudi Aramco leads rig contract activity, report shows
During the past month, ten multi-year jackup contracts were signed, with Saudi oil giant Aramco continuing to drive the majority of the contracts, according to Evercore ISI’s latest Offshore Rig Market Snapshot. PEMEX and Saudi Aramco secured five jackups each for a total of 15 and 25 years respectively during the past month. Meanwhile, Saudi […]