The shift towards greater accessibility – which has accelerated particularly within the last five years – has opened up new...
Riyadh, Saudi Arabia - Saudi Arabia’s trade balance recorded a 30% monthly growth, achieving a surplus of SAR 20.769 billion...
Tripoli, Libya---Libya is aiming to nearly double its oil output to two million barrels per day by 2027, the head...Farhat Bengdara said the country, which currently produces around 1.2 million bpd, was expecting revenues of "$35-$37 billion" this year.
The NOC chief was taking part in the ADIPEC energy conference in Abu Dhabi, where he also said he expected to sign an $8 billion deal with Italian major ENI.
Pact aims to expand railway solutions, technology in region.As per the agreement, JAHEZIYA will be Enekom’s exclusive distributor of the patented RailAcoustic Sensors in the GCC to enhance railway security.
The partnership was announced during ADIPEC, an exhibition in which the world’s energy ecosystem assemble.
The Partnership for Accelerating Clean Energy will see the two countries develop, finance and deploy clean projects in the US,...UAE Special Envoy for Climate Change Dr. Sultan Al Jaber and Special Presidential Coordinator Amos Hochstein signed the partnership at ADIPEC.
They will accelerate investment in fossil fuel emissions mitigation; further develop CCUS technologies and advance methane measurement and management.
The Abu Dhabi Exports Office (ADEX), the export-financing arm of Abu Dhabi Fund for Development (ADFD), has signed a US$10...The agreement between ADEX and NBI aims to boost economic cooperation between the UAE and Iraq.
The pact adds momentum to ADEX’s effort to contribute to the economies of both countries and support the UAE’s strategy on economic diversification.
- The Czech prime minister, whose country holds the rotating EU presidency, said the bloc may look at sanctions on Belarus...
The EU has imposed sweeping sanctions against Russian industry and individuals.
Certain sanctions against Belarus are already in place, but EU can't have Belarus joining Russia's policy, says the Czech prime minister.
- BP, flush with cash, revealed a $2.5 billion share buyback.
Profits were weaker than the second quarter due to a dip in oil prices.
BP is meanwhile seeking to pivot towards cleaner energy and away from fossil fuels.
The global primary energy demand is forecast to continue growing in the medium and long-term, increasing by a significant 23%...The global primary energy demand is forecast to continue growing in the medium and long-term, increasing by a significant 23% in the next 23 years
Globally, oil demand is projected to increase from almost 97 million barrels a day (mb/d) in 2021 to around 110 mb/d in 2045
More than a year after it took power, Taliban has failed to curb opium poppy cultivation in the country as...According to the Vienna-based UNODC, the 2022 poppy crop was also "the most profitable in years"
The income made by farmers from opium sales more than tripled from $425 million in 2021 to $1.4 billion in 2022, the report said
- The global financial institution said higher oil receipts supplemented with a gradual non-oil recovery in the Emirates will bolster fiscal...
The global financial institution said higher oil receipts supplemented with a gradual non-oil recovery in the Emirates will bolster fiscal revenue
The bank expects the real GDP to moderate to 4.1 percent in 2023 as slower global demand may dampen growth due to tightening financial conditions
- His comments came days after oil giants ExxonMobil and Chevron reported bumper earnings, reflecting how a surge in crude prices...
Biden said companies have a "responsibility to act" beyond the narrow self-interest of executive shareholders
Hefty profits reported earlier by TotalEnergies and Shell have also reignited a European debate on windfall profits taxes
