Jennifer Gnana

Oil prices have gained as Hong Kong coal futures rally, rising 9%

Drilling company plans to expand its oilfield services segment

Hybrid Hippie chief executive aims to encourage ethical production while slowing consumption to benefit the planet

Around $5tn will have to be invested annually over the next 30 years to meet climate goals

The high prices are being driven by shortages in various parts of the world and skyrocketing prices for gas

The company earned a revenue of $490.1m during the period

The group expects higher demand next year on the back of improved economic activity

The company has priced its shares between Dh2.45 and Dh2.65, implying an equity valuation of $5.5 billion to $6bn

Oil is at three-year high, with natural gas up nearly 84.69 per cent so far this year

The listing is Saudi Arabia's largest since the public offering of Aramco in 2019 that raised $29.4bn

The UAE is the first country in the Middle East and North Africa and only Gulf oil exporting nation to make a public commitment towards becoming carbon neutral by the middle of the century

Exclusive: Russia's third-largest oil producer sees prices averaging $50 per barrel

The industry remains 'hard-to-abate' in terms of emissions

Gulf energy exporters could provide 30 per cent of hydrogen demand in Europe and East Asia by 2050