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Ane Maersk serves on AE7 ocean string linking Asia & Europe

A.P. Moller - Maersk s (Maersk) first large vessel that can run on green methanol has arrived in Dubai UAE for the very first time and was welcomed by DP World at Jebel Ali. Ane Maersk underscores Maersk...

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QatarEnergy, Nakilat sign deal for nine QC-Max LNG vessels

Qatar Gas Transport Company Limited (Nakilat) has announced the signing of a long-term agreement to charter and operate nine QC-Max class LNG vessels as part of QatarEnergy s programme to expand its fleet...

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Adnoc Gas has strong Q1, with revenues up 15pc

Adnoc Gas and its subsidiaries a world-class integrated gas processing company has announced its reviewed consolidated financial results for the three months period ended March 31 2024 (Q1 2024). Adnoc...

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Enoc’s EPPCO Lubricants introduces RecondOil tech in UAE

EPPCO Lubricants the joint venture between Enoc and Chevron signed an agreement with SKF a global leader in bearing and seal manufacturing to introduce SKF RecondOil technology to the UAE. Based on a ground-breaking...

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Production resumes at Dana Gas Khor Mor facility

Production at Dana Gas Khor Mor facility in the Kurdistan Region of Iraq which was suspended after a recent attack has been restored to normal levels. The facility s daily production output capacity now...

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Adnoc, G42 and Presight to speed up AI in energy sector

Adnoc G42 and Presight AI Holding have announced a new shareholding structure for AIQ under which Presight will acquire a 51% stake in AIQ with Adnoc retaining a 49% shareholding (previously G42 40% Adnoc...

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Masdar, Bapco Energies to develop 2GW of wind power in Bahrain

Abu Dhabi Future Energy Company Masdar has signed a deal with Bapco Energies of Bahrain to jointly explore the development and investment in wind projects in the kingdom with a capacity of up to 2 gigawatts...

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Fertiglobe sets H2 2023 dividends of $200m; total $475m in 2023

Fertiglobe shareholders at the firm s AGM have approved a cash dividend of 200 million equivalent to 9 fils/share for H2 2023 taking the total dividends for the fiscal year 2023 to 475 million. This is...

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World's first green methanol vessel, Ane Maersk, calls in Dubai

A.P. Moller - Maersk s (Maersk) first large vessel that can run on green methanol arrived in Dubai UAE for the very first time and was welcomed by DP World at Jebel Ali. Ane Maersk underscores Maersk s...

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Adnoc signs 15-Year LNG deal with EnBW

Adnoc has announced the signing of a 15-year Heads of Agreement with Energie Baden-Württemberg (EnBW) one of the largest energy companies in Germany for the delivery of 0.6 million metric tonnes per annum...

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Opec+ likely to keep production cuts in place at June meeting

The next Opec ministerial meeting that takes place on June 1 and is likely to keep production cuts in place according to Emirates NBD Research. The meeting would have three main themes for its agenda:...

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Sharjah announces discovery of new gas reserves

The Sharjah Petroleum Council (SPC) a Government of Sharjah undertaking has announced the discovery of new gas reserves in Al Hadiba field located north of the Al Sajaa Industrial Area in Sharjah in promising...

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SABIC reports $65.5m profit for first quarter

SABIC a global leader in diversified chemicals has announced a net profit of SAR246 million ( 65.58 million) for the first quarter of 2024 compared to a SAR1.73 billion loss in Q4 2023. Compared to the...

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Sabic shows tremendous resilience; swings to $66m Q1 profit

Sabic a global leader in diversified chemicals headquartered in Riyadh has announced a total net profit of SAR246 million ( 66 million) for the first quarter of 2024 when compared to a SR1.73 billion (...

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UAE’s Fuelre4m welcomes Shell and BP's stand on fossil fuel

Fuelre4m a UAE pioneering energy solutions provider has commended Shell and BP s recent acknowledgment of the necessity to continue utilising fossil fuels. This announcement resonates deeply with Fuelre4m...

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Fertiglobe upbeat on 2023 results; approves $200m cash dividends

Abu Dhabi-based Fertiglobe the largest nitrogen fertilizer producer in the Middle East and North Africa region and an early mover in sustainable ammonia has approved a cash dividend of 200 million for...

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