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Sharjah announces discovery of new gas reservesThe Sharjah Petroleum Council (SPC), a Government of Sharjah undertaking, has announced the discovery of new gas reserves in Al Hadiba field, located north of the Al Sajaa Industrial Area in Sharjah, in promising economically viable quantities, reported Wam. More… |
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Production resumes at Dana Gas Khor Mor facilityProduction at Dana Gas’ Khor Mor facility in the Kurdistan Region of Iraq, which was suspended after a recent attack, has been restored to normal levels. The facility’s daily production output capacity now exceeds 500 million standard cubic f More… |
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Lummus to provide digitalisation solutions to India's HPLLummus Technology, a global provider of process technologies and energy solutions, has been awarded a contract by Haldia Petrochemicals Ltd (HPL) for digitalisation services at HPL’s ethylene plant in West Bengal, India. “For more than two decades, More… |
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Midsummer ties up with thin film solar panel maker KaishengSwedish solar energy company Midsummer has started a collaboration with the Chinese manufacturer of thin film solar panels Kaisheng New Energy Technology. Kaisheng will produce thin film solar roof panels for Midsummer based on Midsummer's certificat More… |
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Engie achieves key safety milestone at Yanbu 4 IWP siteEngie, a global leader in low-carbon energy and services, today (May 2) announced that it has achieved a major safety milestone at the Yanbu 4 Independent Water Project (IWP) by clocking 24 million safe man-hours without a Lost-Time Accident (LTA). This More… |
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SABIC reports $65.5m profit for first quarterSABIC, a global leader in diversified chemicals, has announced a net profit of SAR246 million ($65.58 million) for the first quarter of 2024, compared to a SAR1.73 billion loss in Q4 2023. Compared to the same quarter (Q1) in 2023, the net profit is down More… |
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AIQ restructure 'to help speed up AI in energy sector'Adnoc, G42 and Presight AI Holding have announced a new shareholding structure for AIQ under which Presight will acquire a 51% stake in AIQ with Adnoc retaining a 49% shareholding (previously G42 40%, Adnoc 60%). The transaction will combine AIQ's br More… |
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Petchem major Sabic shows resilience; swings to Q1 profitSabic, a global leader in diversified chemicals headquartered in Riyadh, has announced a total net profit of SAR246 million ($66 million) for the first quarter of 2024, when compared to a SR1.73 billion ($461 million) loss in Q4 2023. Compared to the s More… |
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Masdar, Bapco Energies to develop 2GW wind power in BahrainAbu Dhabi Future Energy Company – Masdar has signed a deal with Bapco Energies of Bahrain to jointly explore the development and investment in wind projects in the kingdom with a capacity of up to 2 gigawatts (GW). Marking a strategic entry into th More… |
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UAE’s Fuelre4m welcomes Shell and BP's stand on fossil fuelFuelre4m, a UAE pioneering energy solutions provider, has commended Shell and BP's recent acknowledgment of the necessity to continue utilising fossil fuels. This announcement resonates deeply with Fuelre4m's mission and validates the company' More… |
