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Oil Field
Adnoc Awards $227m Contract for Enhanced Recovery at Bab Oilfield
The deal will help to boost recoverable reserves by up to 70% and will unlock additional barrels of Murban crude
Israel
Israel Electric, UAE's Energroup to Partner on Hydrogen Generation
State-owned Israel Electric Corp (IEC) (ISECO.UL) and UAE-based sustainable investment firm Energroup signed a preliminary deal to develop blue and green hydrog…
Wind Power Project
Uzbekistan Announces Wind Project
Uzbekistan’s Ministry of Energy announces a milestone development at its 100 MW Nukus wind project, in conjunction with its operational partner, ACWA Power, th…
Oil Price
UAE Fuel Prices Increase by 11% in March; Cross Dh3-Mark Per Litre
The UAE on Monday increased oil prices for March 2022 by up to 11 per cent per litre as compared to February, in line with the surge in global crude prices due …
Crude Oil
Saudi Arabia May Raise April Crude Prices to Asia to All-Time Highs
Top oil exporter Saudi Arabia may sharply hike prices of crude for Asia in April.
Solar Power Panel
These Solar Panels Pull in Water Vapor to Grow Crops in the Desert
Using a unique hydrogel, scientists in Saudi Arabia created a solar-driven system that successfully grows spinach by using water drawn from the air while produc…
OPEC
Saudi Crown Prince Says Kingdom Still Committed to OPEC+ Oil Agreement with Russia
Saudi Arabia remains committed to OPEC+ agreement, Crown Prince Mohammed bin Salman told French President Emmanuel Macron Feb. 27, in an endorsement for the blo…
Oil & Gas Supply
Could Russia’s Invasion Of Ukraine Spark Another Arab Spring?
Russia and Ukraine are major exporters of food and agricultural products, and if these products are disrupted then there could be significant unrest in the MENA…
Natural Gas
Saudi Arabia Announces Discovery of Five Natural Gas Fields
Saudi Arabia’s state oil company discovered five new natural gas fields across the kingdom that can produce over 100 million cubic feet per day in total, as th…
Natural Gas
Saudi Arabia Discovers Natural Gas in Different Locations
Saudi Aramco, the world’s largest oil-exporting company, has discovered a number of new natural gas fields in different regions of the country, according to th…
Saudi Arabia
Saudi, European, American Officials Discuss Iran's Nuclear File
Saudi Foreign Minister Prince Faisal bin Farhan bin Abullah held talks on Sunday with several ministers and political leaders on the sidelines of the Munich Sec…
Oil Price
Arab Oil Producers Say OPEC+ Should Stick to Current Output Agreement
OPEC+ should stick to its current agreement to add 400,000 barrels of oil per day each month to output, ministers of Arab oil-producing countries said on Sunday…
Saudi Arabia
Aramco Shares Switch May Boost Saudi Renewables
Saudi Aramco, the world's largest oil-exporting company, transferred 4% of its shares to the kingdom's Public Investment Fund, which is expected to use the proc…
Sumitomo Electric Secures US$200M Worth 400 kV High-Voltage Direct Current Submarine Cable Project in UAE
Sumitomo Electric Industries, Ltd. has received a limited notice to proceed (LNTP) from Samsung C&T Corporation to deliver a high-voltage direct current (HVDC) …
Crude Oil
Saudi Arabia’s Aramco Raises Oil Prices as Crude Surges
Saudi Arabia raised oil prices for customers in Asia, the U.S. and Europe after crude’s surge to almost $95 a barrel.
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