Energy

Saudi Arabia’s drilling firm ADES secures $93.3 million contract to operate jack-up rig in Qatar

The contract includes a mandatory and optional extension period of up to 18 months

Saudi Aramco expands Fadhili Gas Plant with $7.7 billion in EPC contracts

This expansion initiative aims to enhance the plant's processing capacity from 2.5 to a potential 4 bscfd

OPEC oil output dips in March amid voluntary cuts and export challenges

Iraq and Nigeria lead reductions, maintaining OPEC's commitment to supply restraint

OPEC Secretary General predicts persistent global demand for oil in the coming years, decades

OPEC believes that the oil industry will need approximately $11.1 trillion by 2045

Saudi Arabia’s ACWA Power inks $800 million deal with Senegal for desalination project

The plant, known as the Grande Côte seawater desalination plant, will have a capacity of 400,000 cubic meters per day

Abu Dhabi’s TAQA, Japan’s JERA to develop greenfield plant in Saudi Arabia

Project leverages advanced technologies and emphasizes sustainability

Saudi Arabia’s ADES Holding inks two agreements for oil exploration and production in Egypt’s Gulf of Suez

For FY 2023/2024, Egypt has raised its projected total investments in oil and natural gas to $5.79 billion

OPEC Secretary General: Oil industry calls for $11.1 trillion in investments by 2045

Al Ghais highlighted OPEC’s role in addressing global issues like climate change, energy transition

With over $15.4 billion in investments, Aramco seeks stronger collaboration with China

Amin Nasser highlights mutual opportunities for economic growth and investments

Oil to retain significant role in energy markets for decades, affirms OPEC Secretary General

Al-Ghais highlighted that calls to abandon oil were "wrong" and "unrealistic"

Oil demand will reach a record 104 million barrels per day in 2024: Aramco CEO

Nasser emphasizes the effectiveness of carbon capture in mitigating greenhouse gasses

Egypt’s Modern Gas to develop $533K subsidiary in Saudi Arabia

Modern Gas generated revenues of $55.2 million in 2023

Saudi Arabia’s crude exports dip 0.2 percent in January

OPEC+ extends output cuts amid market dynamics and global demand predictions

Saudi Aramco signs multiple supply deals worth $6 billion

The agreements are aimed at fostering localization and supply chain development

Saudi Aramco discovers 15 trillion cubic feet of gas in Jafurah field

Jafurah field's resources reach 229 trillion cubic feet of gas and 75 billion barrels of condensate

Saudi’s TAQA aims to quadruple investments in 3 years, focus on Egypt

Egypt is creating favorable opportunities for companies interested in investing in the country

Oil prices rise amidst geopolitical tensions, uncertain Fed policy

Concerns over shipping attacks and Fed interest rate cuts impact crude futures

Chinese startup introduces innovative nuclear battery

Atomic energy breakthrough could revolutionize tech industries

Crude exports surge in Saudi Arabia, reaching five-month high

Saudi refinery output declined by 0.47 percent, reached 2.11 million bpd

Top oil-producing countries in the world

U.S., Russia and Saudi Arabia occupy the top spots

Oil market in 2024: Increased demand, dynamic supply sources

OPEC to cut output by 2.2 mbpd while US production to increase to 13.3 mbpd

Saudi Arabia to produce 130 GW of renewable energy by 2030

Investing in renewable energy projects worth $188 billion