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‏Opening ceremony of the 17th Arab Steel Summit under the patronage of H.E. Mr. Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs

In a keynote speech opening the 17th Arab Steel Summit   His Excellency Minister Saad Sherida Al-Kaabi: The Arab steel industry must pay special attention to investing in advanced technologies...

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Algeria allocates $3.5 billion to support exploration and to increase the size of hydrocarbon reserves

Algeria is reportedly allocating $3.5 billion between 2024 and 2028 to expand the country’s hydrocarbon reserves and increase primary production by intensifying exploration and research...

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Qatar Energy to add another 2 gigawatts to its installed solar capacity

A few days ago, as part of its goals to decarbonize industry and diversify national power generation, Qatar Energy announced plans for a new 2 gigawatt solar project, a further step on the path to...

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Indian Oil Corporation signs second agreement with Ruwais LNG

Indian Oil has signed an agreement with Ruwais LNG to supply 1 million tons per annum (mtpa) of LNG from its 9.6 mtpa plant under development in Ruwais. The new LNG plant is scheduled to come on...

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The Iraqi government is unable to reduce production from Iraqi Kurdistan to be in line with OPEC+ decisions

It seems that international oil companies operating in the Kurdistan region are obstructing the implementation of the instructions of the central administration in Baghdad regarding the production...

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Saudi Arabia's oil export revenues to fall in 2024 due to repeated voluntary production cuts

Saudi Arabia’s oil export revenues are estimated to decline by about $1 billion in 2024 due to repeated voluntary production cuts with no significant improvement in oil prices. For more than a...

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ASRY Awarded 2024 RoSPA Gold Medal in Health and Safety

The Arab Shipbuilding and Repair Yard Company (ASRY) has recently celebrated receiving a Gold Health and Safety Award from the Royal Society for the Prevention of Accidents (RoSPA). This came in...

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BP ponders shifting focus away from renewables, say sources

BP’s CEO Murray Auchincloss has reportedly initiated a hiring freeze and suspended offshore wind projects, according to sources at the company, as he places focus on oil and gas to boost revenues....

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QatarEnergy enters 10-year naphtha supply agreement with Japan’s ENEOS Corporation

QatarEnergy enters 10-year naphtha supply agreement with Japan’s ENEOS Corporation QatarEnergy has entered into a long-term agreement to supply ENEOS Corporation, a prominent refining...

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The International Energy Agency expects oil demand growth to slow in 2024

The International Energy Agency (based in Paris) estimates that global oil production will increase during 2024 by about 770 thousand barrels per day, primarily due to an increase in supplies from...

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