Saturday 21 September 2019

Renewable power additions to hit double-digit growth in 2019

After stalling last year, the global capacity additions of renewable power are set to bounce back with double-digit growth in 2019, mainly driven by solar PV’s strong performance, according to the International Energy Agency (IEA).   The Paris-based IEA ex


Qatar Petroleum, Shell sign LNG bunkering JV

Qatar Petroleum and Shell subsidiaries recently signed a shareholder agreement to establish a company that would provide global LNG bunkering services. The agreement signed by Qatar Petroleum’s “Wave LNG Solutions” and “Shell Gas & Power Developments B


Saudi Arabia 'committed to global economic prosperity'

Saudi Arabia is committed to working with other nations towards achieving global economic prosperity and the G20 Presidency will consolidate the kingdom's international standing and affirm its leadership in supporting the stability of the global economy,” said Minister of Finance Moha


Attacks had zero impact on Saudi revenue, says minister

The recent attacks on Saudi Aramco's oil facilities that slashed half of the kingdom’s oil output had 'zero' impact on the country's revenue and won’t affect its economic growth, declared Saudi Arabia’s Finance Minister Mohammed Al Jadaan. "


Aramco completes acquisition of Shell's share in Sasref

Saudi Aramco has completed the acquisition of Shell Saudi Arabia Refining Limited’s (Shell) 50% interest of the Sasref joint venture in Jubail Industrial City, Saudi Arabia, for $631 million.    The completion follows receipt of all necessary regulato


Iraq’s role in ME crude distillation growth seen at 38pc

Iraq is set to drive crude distillation units (CDUs) capacity growth in the Middle East from planned and announced (new-build) projects between 2019 and 2023, contributing around 38 per cent of the total growth, according to GlobalData, a leading data and analytics company. The c


Saudi to fully restore oil production by month-end

Saudi Arabia will fully restore its oil output by this month end after weekend attacks halved output, reports quoted the kingdom's energy minister as saying.   Prince Abdulaziz bin Salman told a press conference in Jeddah that half of the product


Saudi Arabia seeks tougher international action

Saudi Arabia has called on the international community to take tougher measures to stop  attacks that threaten the region, the security of oil supplies and the global economy; and to hold accountable those behind the perpetrators of these barbaric acts.   I


Saudi appoints new head of renewable energy office

Saudi Arabia’s Ministry of Energy has appointed Faisal Abdullah Al-Yemni as its head of Renewable Energy Project Development Office (Repdo). Al-Yemni will be responsible for driving the delivery of Saudi Arabia's ambitious National Renewable Energy Program, with the aim


SNC-Lavalin wins Abu Dhabi oil and gas contract

SNC-Lavalin, a leading project management and infrastructure company, has announced that it has been awarded a general engineering, project management and technical support services contract from Al Yasat Petroleum, a joint venture between Abu Dhabi National Oil Company and China National Petro

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