Tag: Energy Sector
ADNOC awards $510mn worth contract to Italy’s Saipem for gas...
UAE state-owned oil company, Abu Dhabi National Oil Company (ADNOC) has awarded the Italian multinational oilfield services company Saipem a $510 million (AED1.87 billion)...
Hydrocarbon investments must be raised to curb oil & gas price...
More investments in hydrocarbons are vital to avoid spikes in oil and gas prices and increased environmentally sensitive ways to achieve net zero-emission is...
Changing mindset: Shell shareholders show immense support to energy transition plan
The shareholders of Royal Dutch Shell, the Netherlands-headquartered oil and gas giant, overwhelmingly backed the company's energy transition strategy pointing to growing pressure to...
BP plans to sell 28% stake in UK North Sea asset...
The British multinational oil and gas company BP is reportedly in advanced talks to sell its 28 percent stake in the Shearwater field in...
Demand for tougher climate targets in BP receives remarkable shareholder support
In an indication of growing investor pressure, a resolution from a climate activist group demanding BP, the British oil and gas company, to set...
Oman’s OQ to sell assets to fund $7.9bn expenditures; Taps international...
Oman's state-owned energy company OQ is reportedly looking to sell assets and tap the international debt market to fund its $7.9 billion expenditures over...
Energy reform plans could save over $200bn; Saudi Finance Minister
Saudi Arabian Finance Minister Mr. Mohammed Al-Jadaan has stated that the Kingdom could save more than $200 billion over the next decade by replacing...
UAE to become key hydrogen equipment manufacturer: Ministry Official
According to Mr. Yousif Al Ali, Senior Adviser at the Energy and Infrastructure Ministry of the UAE, the country might consider becoming a manufacturing...
