News
Oil prices jump to $70 a barrel due to tension in the Gulf region

As tensions between the United States and Iran escalated, oil prices jumped to more than $70 a barrel. The immediate rise in prices was among the biggest jumps since the attack on Aramco oil...

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Saudi Arabia and Kuwait agree to restore shared Oil Production in Neutral Zone

Kuwait and Saudi Arabia agree to stop the political dispute related to oil production from the fields of the Neutral Zone, which lasted for five years, and the agreements paved for the resumption of...

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GPIC wins The Gold Medal in France

28.11.2019 Gulf Petrochemical Industries Company (GPIC) wins a gold medal in the field of industrial excellence from the International Fertilizer Association (IFA) in November during the...

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Shell withdraw from onshore projects in Egypt

15.11.2019 Royal Dutch Shell has appointed Citibank to manage the $1 billion sale of oil and gas in Egypt’s Western Desert. Sources told Reuters the sale would officially begin at the end of...

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Launching the first Solar Project in Saudi Arabia

27.11.2019 The governor of Saudi Arabia’s Jouf region announced that they are launching the first renewable energy project before the end of 2019, according to the Saudi Press Agency. Mohammed...

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Increasing “Bahrainisation” operations in the Bahraini oil sector

24.11.2019 Bahrainis account for 80% of employees in companies run by the National Oil and Gas Authority (NOGA). Oil Minister Sheikh Mohammed bin Khalifa Al Khalifa confirms that Bapco’s...

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ExxonMobil Looks to Dump $25 Billion in Oil and Gas Assets

21.11.2019: ExxonMobil is working to increase its asset sale program significantly, and is expected to give up oil and gas assets in Asia, Europe and Africa, worth up to US $ 25 billion, in order to...

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“Rumhi” wins best minister award in the field of energy

24.11.2019: His Excellency Mohammed bin Hamad Al Ramahi, Oman’s Minister of Oil and Gas, has won the World Energy Minister of the Year award, according to the London-based Petroleum Economist...

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MINISTER FOR THE ENVIRONMENT COSTA: “ECOMONDO, THE MOST IMPORTANT GREEN ECOLOGY SHOW IN THE WORLD”.

Also representing the Government, Riccardo Fraccaro, Undersecretary to the Presidency of the Council of Ministers, and Antonio Misiani, Undersecretary for Economy and Finance. Message from Stefano...

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Dr.. Sultan Al Jaber highlights UAE oil sector strategy at London conference

In a keynote speech at the 40th Annual Oil and Money Conference in London organized by Energy Intelligence in October 2019, Dr. Sultan Al Jaber, Minister of State and CEO of ADNOC group of companies,...

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