- Algeria allocates $3.5 billion to support exploration and to increase the size of hydrocarbon reserves
- Qatar Energy to add another 2 gigawatts to its installed solar capacity
- Indian Oil Corporation signs second agreement with Ruwais LNG
- The Iraqi government is unable to reduce production from Iraqi Kurdistan to be in line with OPEC+ decisions
- Saudi Arabia's oil export revenues to fall in 2024 due to repeated voluntary production cuts
- ASRY Awarded 2024 RoSPA Gold Medal in Health and Safety
- BP ponders shifting focus away from renewables, say sources
- QatarEnergy enters 10-year naphtha supply agreement with Japan’s ENEOS Corporation
- The International Energy Agency expects oil demand growth to slow in 2024
- The International Monetary Fund re-selects Kristalina Georgieva as its director
top news
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...
Read more
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...
Read more
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...
Read more
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...
Read more
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...
Read more
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...
Read more
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....
Read more
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...
Read more
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...
Read more
The International Monetary Fund re-selects Kristalina Georgieva as its director
The Executive Board of the International Monetary Fund has selected Ms. Kristalina Georgieva to fill the position of Director General, for a second five-year term beginning on October 1, 2024. The...
Read more
