Tag: Energy Sector
IMF forecasts oil prices to average $50/barrel in 2021
Amidst vaccine roll-outs and growth in the global economy, the International Monetary Fund (IMF) expects oil prices to recover to an average of $50...
Saudi Arabia explores new methods of oil, gas exploitation
Saudi Arabia’s Minister of Energy Abdulaziz bin Salman has stated that the Kingdom is planning to introduce new ways of oil and gas exploitation.
The...
Global energy giants drastically reduced fossil fuel exploration in 2020: Report
Last year, top oil and gas companies sharply slowed their search for new fossil fuel resources as lower energy prices due to the coronavirus...
Japan’s Sumitomo to explore unique hydrogen project in Oman
Japanese leading general trading company Sumitomo Corporation is planning to build a first-of-its-kind hydrogen plant in Oman in collaboration with a local upstream energy company.
Tokyo-headquartered...
Dubai’s Yellow Door Energy plans to add $100mn worth assets to...
Dubai-based Yellow Door Energy’s CEO Jeremy Crane has revealed that the company is planning to add $100 million worth of renewable energy assets to...
UAE-based Tabreed, Masdar expand relations to boost collaboration
UAE-based regional district cooling utility firm, National Central Cooling Company (Tabreed) is expanding its partnership with Abu Dhabi’s leading energy renewable company Masdar, by...
France’s Total becomes 1st energy major to quit key US oil...
Total, the petroleum refining company of France, has become the first major global energy company to exit the key US oil and gas lobby...
Kuwait discovers new oil, gas fields in the region
Kuwaiti Minister of Oil, Dr. Mohammad Al-Fares has reported the discovery of two new oil and gas fields for the Kuwait Oil Company (KOC)...
