Articles
BP signals end of oil demand growth
In its rapid transition scenario, the company forecast carbon emissions to decline 70% by 2050
Opec cuts oil demand forecast for 2020 and 2021
Oil demand is expected to decline by 9.5m bpd, resulting in overall demand for crude at 90.2m bpd this year
Adnoc completes $1bn institutional placement of shares in its distribution unit
The shares are listed and traded on the Abu Dhabi Securities Exchange and will increase the company’s free float to 20%
Acwa Power sells stake in Bulgarian solar plant
The Saudi Arabian developer’s subsidiary, ACF Renewable Energy, sold its holding in the 60.4MW plant to Austria's Enery Development
Abu Dhabi's flagship sustainability event to be held online in 2021
The event will be held from January 18 to 21 next year
Adnoc awards $245m worth of contracts to upgrade terminal
Improvements to Jebel Dhanna, which was constructed in the 1960s, will allow it to process different types of crude
Libyan oil companies halt work amid rising Covid-19 infections
Country’s largest refinery Zawiya has placed 10% of employees on emergency leave
UAE and South Korea forge deals to co-operate in 10 new sectors
Non-oil trade with South Korea, a key importer of hydrocarbons from the Middle East, reached $5bn in 2019
Brent falls below $40 amid weak demand
Air travel still languishes at around 50% of volumes prior to the pandemic
Riyadh and Moscow reaffirm Opec+ role in oil market stability
Opec+ is set to convene its joint technical and monitoring committees on September 16 and 17, respectively
Acwa Power reaches financial close on $650m desalination project
The plant is due to begin commercial operations by the end of 2022
Dr Sultan Al Jaber: UAE to strengthen position in 'high-value' sectors
Dr Sultan Al Jaber said the country would harness 'breakthrough technology' and look to build self-sufficiency in key sectors
Oil exporters urge faster renewable transition at manufacturing summit
Russia, the world’s second largest oil produce, plans to increase the share of clean energy in its grid
Adnoc looks to reinvest proceeds from non-core assets in bid to expand
The company's 'primary focus' is on growing its upstream and downstream business in the UAE, chief financial officer says
Adnoc signs $5.5bn property deal with Apollo Global Management
Direct upfront proceeds of $2.7bn will flow to Adnoc from the transaction
