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Sabic signs deal for 38,000 cbm gas carrier Picture for illustrative purpose only.

Sabic signs deal for 38,000 cbm gas carrier

Vessel will be delivered by Ocean Yield ASA to Sabic's Houston base in December

 •   ExxonMobil still evaluating US JV with Sabic
 •   Sabic to sell stake in Ibn Al-Baytar to Safco
 •   SABIC sells polymershapes unit to US firm


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'Saving on expenditure in energy sector at $1.5bn'

'Saving on expenditure in energy sector at $1.5bn'

The Sultanate's government had initiated a major exercise to cut all non-priority expenditures and waste and improve efficiency amid dwindling oil prices
 
OPEC committee agrees on measures to monitor cuts

OPEC committee agrees on measures to monitor cuts

They further agreed on a number of stipulations, such as a production data report to be presented at the OPEC secretariat in Vienna each month and the issuance of a monthly press release on the progress of the implementation of the production adjustment.
 
PMO contract signed for World Energy Congress 2019

PMO contract signed for World Energy Congress 2019

The Abu Dhabi World Energy Congress will be held during 7-14 September 2019 and is envisioned to be the most successful congress in history since its inception in 1924.
 
Aramco to invest $4bn to boost gas production

Aramco to invest $4bn to boost gas production

The projects, estimated to cost approximately $4bn, would see engineering companies expand the processing capacity at Hawiyah by 1.3bn standard cubic feet per day. Hawiyah gas plant currently processes 2.5bn scfd of gas
 

 

Al Falih says 1.5mn bpd of oil off the market now

Al Falih says 1.5mn bpd of oil off the market now

Saudi Energy Minister said that there had been "very strong compliance" by OPEC and non-OPEC oil countries to the production cuts agreed on in December, and that the producers had gone "extra miles", with the majority exceeding their commitments
 
Al Reyadah proves viable carbon capture programmes

Al Reyadah proves viable carbon capture programmes

Carbon capture and storage (CCS) operations like Al Reyadah, the joint venture between the Abu Dhabi National Oil Company and Masdar, demonstrate that CCS is a commercially viable solution to limiting industrial CO2 emissions.
 
Industry leaders launch Hydrogen Council in Davos

Industry leaders launch Hydrogen Council in Davos

In the first global initiative of its kind, the Hydrogen Council is determined to position hydrogen among the key solutions of the energy transition.
 
Aramco to build oil, gas capacity to meet demand

Aramco to build oil, gas capacity to meet demand

Saudi Aramco chief executive Amin Nasser says the world will need to invest $25tn in new oil capacity over the next 25 years to meet demand
 
ADNOC to improve energy efficiency by 10% by 2020

ADNOC to improve energy efficiency by 10% by 2020

The energy efficiency strategy will reduce ADNOC’s gas consumption by 156 million cubic feet per day, saving a total of US$1 billion by 2020.
 
China's oil collapse could help OPEC

China's oil collapse could help OPEC

OPEC's campaign to prop up oil prices is getting unlikely support from its biggest customer, according to Bloomberg.
 
Iran's Oil, gas revenues to hit $41bn in 2016-17

Iran's Oil, gas revenues to hit $41bn in 2016-17

For the first nine months of the current Iranian fiscal year, oil revenues reached $24.7bn
 
Oil to dominate over renewables, says Aramco CEO

Oil to dominate over renewables, says Aramco CEO

World needs to invest $25 trillion in new oil capacity over next 25 years, Amin H. Nasser says at World Economic Forum in Davos
 
SABIC schemes boost Saudi sustainability progress

SABIC schemes boost Saudi sustainability progress

The Abu Dhabi Sustainability Week is a global platform to address the interconnected challenges that affect the widespread acceleration and adoption of sustainable development and clean energy.
 
Dow gets AEO certification from Dubai Customs

Dow gets AEO certification from Dubai Customs

The AEO certification process provides companies with a host of commercial benefits, including faster customer clearance, prioritisation in inspections, reduced post-clearance audits and a dedicated customers key account manager.
 
Platts launches LNG price assessment for MENA

Platts launches LNG price assessment for MENA

The Platts MEM will cover the spot price of cargoes delivered into Middle East ports as well as in Pakistan, where LNG imports have climbed from 5.9 bcm of gas in 2014 to 28.6 bcm in 2016
 




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