Articles
Exxon Mobil considers net-zero carbon pledge amid activist investor pressure
Exxon chief executive previously dismissed efforts by European Big Oil to adopt carbon abatement strategies as ‘beauty competition’
Oil falls amid US inventory build-up and mounting concerns over Delta variant surge
Brent and WTI sank 2.8 per cent and 3.4 per cent, respectively, on Wednesday, marking their biggest fall in two weeks
Sabic 'on course and confident' as it swings to profit on higher prices
Revenue for the three months ending in June rose 72.2% to reach $11.3bn
DHL adds all-electric cargo planes to its fleet
The global logistics operator will buy 12 Alice eCargo planes from US electric plane maker Eviation to improve its carbon presence
Shell could resume oil and gas exploration in Libya
North Africa’s second-largest oil producer is gradually increasing crude exports after a blockade last year cost it $11bn in lost fiscal revenue
Taqa to supply Emirates Steel with green hydrogen for steel production
Hydrogen can be used as a low-carbon reducing agent in steel production
Masdar begins work on floating solar plant in Indonesia
Commercial operation on the 145MW station is expected to begin in the fourth quarter of 2022
Adnoc sells first shipment of blue ammonia to Japan's Itochu
State energy company signed an agreement with Japanese entities in July to explore the commercial production of blue ammonia in the UAE
BP swings to $3.1bn profit in second quarter amid higher oil prices
Oil company will increase dividend by 4% and also begin a $1.4bn share buyback programme
Norway's DNO doubles stake in Iraqi Kurdistan concession
Company to pay $15m for ExxonMobil's 32% stake in the Baeshiqa field
Saudi Aramco denies plans to mine Bitcoin
Some countries, including China and Iran, have cracked down on practice, prompting miners to look for new places to mint cryptocurrency
Moody's keeps Apicorp's credit outlook stable amid strong profitability
Apicorp is owned by the 10 members of the Organisation of Arab Petroleum Exporting Countries
Moody's maintains Egypt's stable outlook amid fiscal reform
Egyptian economy has fared better than other Mena economies despite last year's coronavirus-induced headwinds
Around 75% of expats to continue living abroad post-pandemic, survey finds
Around 87% of those surveyed in the UAE felt confident in maintaining their expat status
Oil prices to finish week on a strong note
Benchmarks gain more than 11 per cent since Opec+ on July 18 agreed to bring more supply to the market
