Saudi Aramco is considering selling a 2.5% stake in the company worth $50 billion, the Wall Street Journal is reporting. Mohammed Bin Salman, crown prince of Saudi Arabia, is said to be pushing the…
Category: Oil & Gas
IEA Raises World Oil Demand Forecast In 2023 Towards All-time High
The International Energy Agency said Friday it had revised upwards its forecast for global oil demand growth in 2023 as demand is “scaling record highs”. World oil demand already hit a record…
Saudi Arabia’s Oil Cut Risks Leaving Bitter Taste for Budget
Saudi Arabia’s plan to slash oil production by around 10% may hit its finances hard. Sunday’s decision, which will see the kingdom lower crude output to 9 million barrels a day next…
India’s Russian oil buying hits record high, slashes Mideast, Africa share
NEW DELHI, May 17 (Reuters) – India’s oil imports from Russia rose to a fresh record high in April, further reducing the share of Middle Eastern and African grades to their lowest…
إطلاق شركة أدنوك في سوق أبو ظبي للأوراق المالية يوم الاثنين طرح عام أولي بقيمة 2.5 مليار دولار. الخبير الدولي رودي بارودي لوكالة الصحافة الفرنسية: “الغاز الطبيعي المسال هو أهم وقود انتقالي في عملية الابتعاد عن الوقود الاحفوري”.
ستطلق وحدة الغاز التي تم تشكيلها مؤخرًا من قبل شركة الطاقة الحكومية الإماراتية أدنوك في سوق أبوظبي للأوراق المالية يوم الاثنين طرح عام أولي بقيمة 2.5 مليار دولار. وقد شهدت أسهم شركة…
UAE’s ADNOC Gas to Start Trading in $2.5bn IPO. International Energy Expert, Roudi Baroudi told AFP: “LNG is Most Important Transition Fuel in the move away from hydrocarbons”.
UAE state energy company ADNOC’s recently formed gas unit will launch on the Abu Dhabi stock market on Monday in a $2.5 billion initial public offering aimed at tapping high demand for…
BP ventures back into oil frontiers to boost output
By Ron Bousso LONDON (Reuters) – BP is ramping up oil exploration and drilling activity in frontier prospects as the energy giant tries to stem a decline in its oil and gas…
QatarEnergy enters Suriname offshore exploration
QatarEnergy has entered into two Production Sharing Contracts for Blocks 6 and 8 offshore the Republic of Suriname, following successful bids in these blocks, as previously announced in June 2021. Pursuant to…
Opec output falls on Iraq pipeline halt, Nigeria strike
Bloomberg London Opec’s oil production fell last month as Iraq’s exports were reduced by a pipeline suspension while a labour strike cut shipments from Nigeria. Output from the Organisation of Petroleum Exporting…
World Gas Supply Shifts From Shortage to Glut With Demand Muted
The world is becoming awash with natural gas, pushing prices lower and creating an overabundance of the fuel in both Europe and Asia — at least for the next few weeks. The…