Abu Dhabi, UAE -- AD Ports Group (ADPORTS) has purchased 10 offshore vessels for $200 million that will bolster offshore operations in the Middle East and Southeast Asia. The investment in the diversified fleet with an average age of around nine years is significantly less than the industry average. All...

Qatar's Industrial Production index (IPI) reached 105.2 points in August 2023, a decline by 2.1 percent compared to the previous month (July 2023), and decreased by 0.6 percent, when compared to the corresponding month in 2022. Released by the Planning and Statistics Authority, the IPI is a short-term quantitative index that measures the...

The deal will make it North America's largest natural gas supplier.

Doha, Qatar -- Qatar's foreign merchandise trade balance, which represents the difference between total exports and imports, showed a surplus of QR 19.6 billion ($5.38 billion) in July 2023, a decrease of about QR 15.1 billion or 43.5 percent compared to July 2022, and an increase of nearly QR 2.2...

Cairo, Egypt-- Egypt is looking to resume exports of liquefied natural gas exports by October, according to the country's petroleum minister Tarek El Molla. The North African country's production is used at home during the summer when temperatures are very high, but in the winter months the country has excess...

Tehran, Iran-- Iran has signed oil contracts worth $40 billion with domestic and foreign companies during the last 20 months. Speaking at the second ministerial session of the 8th OPEC International Seminar entitled “Investments, finance and inclusive petroleum growth strategies” at the Austrian capital, Iran’s oil minister Javad Owji said...

The Egyptian pound has lost half of its value, propelling annual inflation in the import-dependent country to 26.5 percent in January, figures in February showed. Of the $34.2 billion in Cairo's foreign reserves -– a 20-percent drop from February 2022 –- some $28 billion are deposits from wealthy Gulf allies....

Paris, France--- French energy giant TotalEnergies said Monday that several teams were working in collaboration with the Lebanese Petroleum Administration to start drilling on its offshore gas project (Block 9) in Lebanon in 2023. “The call for tenders to secure the drilling rig has been launched and should lead to...

Taliban officials have maintained that they are looking to strike trade deals with the international community, and have so far received oil and gas from neighboring Iran. The government has not yet been recognized by any country, but Russia has maintained bilateral ties with Taliban since before they seized power...

The manufacturing operation's prime mission in recent times has been to assemble the best-selling F-150, a gasoline-powered vehicle.

G7 industrialized powers vowed Friday to "urgently" move towards implementing a price cap on Russian oil imports in a bid to cut a major source of funding for Moscow's war in Ukraine. The G7 said it was working towards a "broad coalition" of support for the measure but officials in...

Saudi Arabia and Uzbekistan have signed an agreement to develop cooperation and exchange information and experiences in all fields of energy though research and studies besides working on exchanging policies and laws related to these. The agreement was signed by the acting Minister of Energy Dr. Essam bin Saad bin...

The sanctions block any assets the entities own under US jurisdiction and ban US persons or entities from doing business with them, effectively constricting their access to the global financial system.

The year-on-year increase in total exports was mainly due to higher exports of petroleum gases and other gaseous hydrocarbons reaching QR 30.3 billion in May 2022.

There will be a total of three projects on which Egypt and the Italian company Eni will work together.

Prices of crude oil have skyrocketed across the world, thanks to the Russian invasion of Ukraine and the subsequent sanctions placed on Moscow.

Syria has over the past few months repeatedly accused the US of using its forces to steal oil from its territories. Operation Inherent Resolve, the US military's operational name for the international military intervention against the Islamic State group, has refuted those claims.

The plant fiber reached $1.3171 per pound (about 453 grams) on the key US futures contract, the highest since July 2011.

Top crude exporter Saudi Arabia announced a "temporary reduction" in oil output at a facility run by energy giant Aramco on Sunday, after Yemen's Houthi rebels launched multiple cross-border attacks.

In the United State, it took more than a century to pass regulations governing record-keeping for wells and their sealing, or plugging, in many states.

Egypt's Suez Canal Authority announced Tuesday additional tolls for transiting vessels including fuel tankers, as oil prices soar in the wake of Russia's invasion of Ukraine. Petroleum gas tankers will see a 10 percent hike on passage fees while liquefied natural gas carriers and general cargo ships will incur a...

WTI rose 6.27 percent to $97.33, while Brent crude was up 5.24 percent at $103.06.

Qatar and Saudi Arabia host American troops, but their economic and political relations with Russia have grown over the years.

The unprecedented panel is considered a model for reconciliation that could help resolve future conflicts if necessary.

Saudi Aramco is interested in investing in China, its President and CEO Amin H Nasser, said. He asserted that Aramco has a huge interest in investing in the economic powerhouse. The CEO was speaking at the International Petroleum Technology Conference 2022 in Riyadh. “Definitely, we are looking for more investment...

The company aims to cut emissions by 50 percent by 2030.

The net-zero target is only for its operations, not products.

The United Arab Emirates threatened reprisals against Yemen's Houthi rebels after suspected drone strikes killed three people in Abu Dhabi on Monday. "The UAE reserves the right to respond to these terrorist attacks and this heinous criminal escalation," a foreign ministry statement said.

The International Energy Agency warned in May that an immediate halt to new investment in fossil projects is needed if the world is to reach net-zero carbon emissions by 2050 and to stand any chance of limiting warming to 1.5 degrees C.

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

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.

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...

Merely producing great quantities of oil or having a shortage does not dictate whether a country will have the cheapest or costliest gasoline.

This is despite pressure from big consumer nations to open up the taps much more decisively amid soaring prices. The producers led by Saudi Arabia and Russia in the so-called OPEC+ will add 400,000 barrels per day in December, they said.

The US imposed its harshest sanctions on Iran three years ago as Washington, under President Donald Trump, unilaterally abandoned an international nuclear deal that Tehran had with it and five other global powers.

Iran is hard pressed to sell its oil to countries across the world due to the sanctions placed by the United States on it.

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

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

Iran built the port to reportedly expedite the export of petroleum products from the South Pars energy hub, which the country shares with Qatar.

A three-year partnership between ENOC Misr, a joint venture between Proserv. Egypt Group and the UAE’s ENOC, will allow the former to blend and fill lubricants at its Misr Petroleum plant in Egypt.

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