Tag: Energy Sector
CeraWeek 2021 to convene focusing on global energy transition
The world’s leading energy conference, CeraWeek will be held virtually this week bringing together the leading energy executives, ministers and policymakers to debate on...
Oil producers must remain “extremely cautious” amid COVID-19 situation; Energy minister
Saudi Arabia’s Minister of Energy Prince Abdul Aziz Bin Salman has opined that it is too early to declare victory over coronavirus, and hence...
UAE’s renewable energy capacity will rise to 9GW by 2025: Report
Europe-based independent energy research and business intelligence company, Rystad Energy has stated that the UAE’s renewable energy capacity is set to increase four-fold to...
ADNOC awards offshore block exploration rights to Japan’s Cosmo
UAE’s leading oil firm Abu Dhabi National Oil Company (ADNOC) has awarded the exploration rights for Abu Dhabi’s Offshore Block 4 to Cosmo E&P...
UAE’s Kentech to acquire energy unit of Canada’s SNC-Lavalin
UAE-based Kentech Corporate Holdings has entered into a definitive agreement to acquire the oil and gas business of Canadian global engineering, and construction company...
Saudi Arabia seeks European partners for hydrogen production
The world's largest oil exporter Saudi Arabia is looking to partner with European firms to develop blue and green hydrogen, as the Kingdom moves...
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...
