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…
Aramco Weighs LNG Exports as Hydrogen Talks Prove Tough
Saudi Aramco is weighing exports of liquefied natural gas instead of blue hydrogen, as talks with potential buyers of the latter fuel prove tough. The world’s biggest oil company is investing billions…
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…
China gas demand to surge in 2023 as Europe Slumps, says IEA
Rising demand for natural gas in Asia and the Middle East is set to offset a decline in other regions this year, helping to keep the global market tight, according to the…
IQ earns QR1.2bn net profit on QR4.8bn revenues in Q1
Industries Qatar (IQ) — the holding entity of Qatar Petrochemicals, Qatar Fertiliser and Qatar Steel — has reported net profit of QR1.2bn on revenues of QR4.8bn in the first three months of…
Aramco in talks with Sinopec and Total on $10bn Saudi gas deal
Sinopec and TotalEnergies SE are among companies holding talks to invest in the Jafurah development in Saudi Arabia, according to people familiar with the matter, as the kingdom seeks to exploit one…
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…
Fight over subsidies amid $200tn energy transition narrative
Biden’s $370bn plan to support businesses, leading the transition to a low-carbon economy, has riled some of the largest US trading partners The global energy transition is estimated to bring close to…
China gas demand to surge in 2023 as Europe Slumps, says IEA
Rising demand for natural gas in Asia and the Middle East is set to offset a decline in other regions this year, helping to keep the global market tight, according to the…