Jennifer Gnana

Around 1 million barrels per day are transported through the canal

Oil company has issued engineering design tenders for Dh18bn of projects at Ruwais chemicals hub

Amin Nasser remained optimistic about a broader recovery in the oil markets as vaccine rollout picks up pace

Globally, the hydrogen industry is expected to grow to $183bn by 2023, from $129bn in 2017, according to Fitch Solutions

The SEC denied requests by two oil majors that would force them to detail plans to cut 'Scope 3' emissions

Company's capital expenditure for 2021 is expected to be about $35bn

The agreement covers 15 years and requires the consortium to hire Emiratis to fill senior, technical and administrative positions

The two state oil companies will look at exploration and production possibilities in the emirate

Crude benchmarks fall by 7% amid concerns over inflation and a rise in US crude inventories

The free zone's Crypto Centre will offer bespoke licences and a range of incentives to prospective businesses

Uptake of carbon abatement technologies is 'highly or very highly uncertain', new report by World Energy Council says

The agency expects world oil demand to recover 63% of the volume lost in 2020 due to the pandemic

Crude benchmarks Brent and WTI are above 30% since the beginning of the year

Trackrecord of developing low-cost renewable capacity in the Middle East can boost hydrogen economy in the region

The North African state plans to increase production to 1.45 million bpd by the end of the year