The fact that the European Commission quietly distributed the text of this proposal to member states late on Friday, in the final hours of 2021 after the much-delayed document had been twice promised earlier in the year, highlighted the rocky road to draft it.

Dana Gas has received a payment of $39 million (AED143 million) from the Egyptian Government in December, the company announced Wednesday. The payment reduced its receivables in Egypt to its lowest levels at below $30 million since commencing operations there in 2007, local media reports said. It complements a year...

The MoU was signed with the Energy and Natural Resources Authority, affiliated with the Palestinian Authority and the Gaza Electricity Generation Company in the Gaza Strip.

ADNOC announced on Wednesday "significant conventional oil, condensate and gas discoveries" of up to 1 billion barrels of oil equivalent (BOE) from an exploration well in Abu Dhabi’s Onshore Block 4 Concession, which is operated by Japan’s INPEX/JODCO. ADNOC announced the discovery on a Twitter post and said it comprises...

US giant ExxonMobil and Qatar Energy signed a contract Friday for oil and gas exploration and production-sharing off the divided island of Cyprus despite Turkey’s opposition to the deal. Cypriot Energy Minister Natasa Pilides, Varnavas Theodosiou, CEO of ExxonMobil Cyprus, and Ali al-Mana, director of Qatar Energy’s International Upstream and...

The country is looking to move up a position and become the world’s second-largest gas producer with this field.

The deal creates the Aramco Gas Pipelines Company.

The OPEC+ alliance led by Saudi Arabia and Russia has so far resisted US-led pressure to significantly boost output to rein in surging energy prices.

The company announces a significant rise in oil and gas reserves.

The head of the IEA has called on OPEC and its allies to take measures to help bring oil prices down to ‘reasonable levels’.

Egypt has edged out its Arab neighbors in natural gas exports and exported one million tons of liquefied natural gas during the third quarter of 2021.

Consumption of electrical energy is increasing by 10 percent annually in Iraq, which necessitates a robust distribution network, said the French company Schneider Electric. Schneider has signed an MoU with Iraq's Ministry of Electricity for the development of the electric power distribution network in the country, local media reports said....

Consumption of natural gas rebounded fast — driven by industrial production — boosting demand at a time when supplies were relatively low. Energy supply, however, apparently reacted slowly to price signals due to factors like labor shortages, maintenance backlogs, longer lead times for new projects, and lackluster interest from investors...

AIQ  and Baker Hughes have entered into an agreement to develop advanced analytics solutions for the global oil and gas industry.

The UAE, one of the world’s top crude exporters, said a recent UN climate summit in Glasgow was a “success” but that the world needs to keep investing billions in oil and gas. Nearly 200 countries at the COP26 summit pledged Saturday to speed up the fight against rising temperatures,...

The total revenue is 11 percent higher than the same period last year.

Major coal, oil and gas funders China, Japan and South Korea were absent from the pledge. The IEA says that to keep 1.5C in play there must be no new fossil fuel projects.

The 25 percent reduction would equal to a dip of 37 Mat CO2 eq by 2030, according to national figures, and is expected to include various sectors such as oil and gas, power and water, transportation, and construction. This will reportedly be achieved by employing a variety of policies and...

Libya had been mostly off-limits to tourists throughout the four-decade rule of Moamer Kadhafi

Eni of Italy has discovered three new oil and gas wells in Egypt, according to the Egyptian Ministry of Petroleum.

ACWA Power has said it plans to end investment in non-renewable projects in its endeavor to reach net zero by 2050. Riyadh-based ACWA, the only listed company with big renewable energy and hydrogen projects in the pipeline, is 44 percent owned by Saudi Arabia's sovereign wealth fund PIF CEO of...

Iran’s Oil Minister Javad Oji has reportedly said the country requires at this investment to maintain the production level of the gas fields over the next six to eight years. Meanwhile, a project to study methods to increase the recovery factor gas fields will start by late March 2022.

The United Arab Emirates will become a major player in emerging blue hydrogen market, according to the CEO of the Emirates’ largest oil company.

Gas will be sourced from SNOC's own resources and ADNOC imports.

The new project, signed in 2017 with oil services company Baker Hughes, will eventually allow 200 million cubic feet of gas a day that is usually torched on the Nasiriyah and Gharraf oilfields to be captured, according to a statement issued by the country's oil ministry.

The French firm, formerly called Total, will now build four power projects in Iraq.

The country has said it is ‘ready’ to help Lebanon with ‘transit for Egyptian gas and Jordanian electricity via Syrian territory’.

It has spent $1.03 billion to buy a stake in the Tamar gas field.

The decision is said to be based on an agreement with Iraq, and apparently follows prior notification. Iran used to export about 40-45 million cubic meters of natural gas to Iraq on a daily basis, and its debts to Iran reduced natural gas exports to Iraq in December last year.

The Energy Ministry could face serious problems in meeting electricity demand in winter if power plants did not get fuel

Nearly a century after doctors first issued warnings about the toxic effects of leaded petrol, Algeria -- the last country to use the fuel -- exhausted its supplies last month

The delegation will discuss the possibility of receiving electricity from Jordan and gas from Egypt through Syrian territories.

The exploration is being carried out by the Khazar Exploration and Production Company, or KEPCO.

This is on the lines of the $12.4bn it got from the oil pipeline deal.

Dana Gas, the UAE-based energy producer, is out of woods with a big rise in its net profit to $139 million in the first half of this year.

The fatalities have taken place in two different incidents in the country where fuel is scarce due to an ongoing economic crisis. Lebanon is in the throes of an economic crisis that has led the country’s currency to be devalued by more than 90% since end-2019.

The system modernization will take place over the next several months as part of a continuous comprehensive zone development plan.

The extensions follow a visit to Washington by Iraqi Prime Minister Mustafa al-Kadhemi to meet US President Joe Biden.

Energy Minister Abdulaziz bin Salman has said Saudi Arabia will pump out “every last molecule” of oil it has

    The decision to go nuclear is geared to reduce the country’s external energy dependence Iraq currently uses electricity, gas imports from neighboring Iran to generate around a third of its electricity Iraq, which suffers chronic electricity shortages, wants to construct eight nuclear power reactors by 2030 in order...

Stats started its operations in Qatar, which has the world's third largest gas reserves, in 2011

*MoU includes possible cooperation in greenhouse gas emissions, carbon management *Equinor involved in the development and production of two gas fields in Algeria Norwegian energy giant Equinor has partnered with Algeria’s state-owned oil company Sonatrach to examine cooperation in global oil and gas exploration and production. The memorandum of understanding...