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Opec signs check worth $1bn to help fight covid-19 developing countries

The global oil cartel, OPEC, has approved the allocation of $1 billion to support developing countries in their fight against novel covid-19 disease, reports say. The aid to release by the organization’s Fund for International Development (OFID) will be deployed in the form of Opec Fund public, private and trade finance loans and aims at […]

April 17th, 2020 | Posted in Energy,Headlines | Read More »

Saudi Arabia: Petrochemical Company teams up with SK Gas to build two petchem

Saudi Arabia’s Petrochemical Company has entered into a deal with South Korea’s SK Gas to construct and operate two major petrochemical facilities; a propane dehydrogenation (PDH) and a poly propylene unit in the kingdom at an investment of $1.8 billion, Trade Arabia reports. Petrochemical Company in a statement said its subsidiary Advanced Global Investment Company […]

April 9th, 2020 | Posted in Energy,Headlines | Read More »

Oman: Biggest oil & gas producer to downsize amid Coronavirus outbreak

Oman’s Petroleum Development Oman (PDO) is contemplating a cut in staff working on its oil and gas projects in response to the spread of the coronavirus, Bloomberg reports. The cut is in plan and is in discussion with contractors, PDO reportedly said in an email. The company also said it will review its projects and […]

March 30th, 2020 | Posted in Energy,Gulf News,Headlines,World News | Read More »

Saudi Aramco Receives Approval for Al-Jafoura Giant Gas Field Development

Saudi Oil Company Aramco announced Saturday that it has received approval to develop the giant Al-Jafoura field, in the eastern region of Saudi Arabia, which is the largest non-associated and non-conventional gas field discovered, so far.   Chairman of the Company’s Board of Directors Yasser bin Othman Al-Ramyan said the development of the field will […]

February 23rd, 2020 | Posted in Energy,Gulf News,Headlines | Read More »

Bahrain, ENI strengthen collaboration in energy sector

Italian energy giant ENI and Bahrain have signed a Memorandum of Understanding (MoU) to strengthen collaboration in the energy sector, Petrol Plaza reports. The agreement will enable both parties to carry out and launch joint initiatives in areas of mutual interest, including renewable energy, and LNG supply and exploration. Bahraini Oil minister Shaikh Mohammed said […]

February 9th, 2020 | Posted in Energy,Gulf News,Headlines,World News | Read More »

Saudi- Dumat Al-Jandal Wind Farm Project Wins PFI Award

Dumat Al-Jandal Wind Farm Project has won the Project Finance International (PFI) Renewable Deal of the Year in Middle East and Africa Award for 2019. This comes after the project achieved a new record represented in recording the lowest flat rate of electricity generation of $0.0199 per Kilowatt hour. The project is the first project […]

February 9th, 2020 | Posted in Energy,Gulf News,Headlines | Read More »

India-Qatar: No cut down in gas price under long-term deal

Qatar, India’s largest liquefied natural gas (LNG) supplier, Monday said it will not reduce the price of gas under current and long-term deal as requested by New Delhi, reports say. Energy Minister Saad Sherida al-Kaabi who also doubles as head of Qatar Petroleum in a visit in the Indian capital, Delhi, said the tiny gas-rich […]

January 28th, 2020 | Posted in Energy,Gulf News,Headlines,World News | Read More »

Sound Energy & Morocco’s State Power Company Agree on Gas Sales

Sound Energy company has sealed an agreement with Morocco’s Office National de l’Electricité et de l’Eau Potable (“ONEE”) for the sale of the Company’s natural gas production in the Tendrara concession in Eastern region of the North African country. The deal covers the first 0.5 bcm per annum (approximately 48.4 MMscf/d) of production of natural […]

October 31st, 2019 | Posted in Energy,Headlines,World News | Read More »

Saudi SAGIA awards six investment licenses in energy; KSA eyes nuclear energy

Saudi Arabia’s General Investment Authority (SAGIA) has announced at the World Energy Congress it awarded six investment licenses worth $240 million in the energy sector. The licenses cover businesses in solar energy development, manufacturing and energy efficiency. The licenses were awarded to Sweden’s Roxtec, France’s Engie, Egypt’s Orbits, Cyprus’s EGG, and US-based energy efficiency services […]

September 11th, 2019 | Posted in Energy,Gulf News,Headlines | Read More »

Saudi Aramco to acquire 20 per cent of India’s Reliance Industries Ltd refining unit

Reliance Industries Limited Monday said Saudi Arabia’s global oil giant Aramco is in line to acquire 20 per cent of oil to chemicals business. The investment, according to Reliance Industries Limited chairman, Mukesh Ambani, is the biggest by a foreign entity into the company and even in India’s history The operation value is estimated at […]

August 13th, 2019 | Posted in Energy,Gulf News,Headlines,World News | Read More »