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Sipchem picks Achilles to boost its operational excellenceAchilles, a global leader in supply chain risk and performance management, said it has secured a major contract from Saudi petrochemical manufacturer Sipchem to support its drive for operational excellence, responsible sourcing and enhanced ESG performance. More… |
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Opec+ throws open the floodgates, vows extra barrels in AugustFollowing the first meeting since the escalation of Israel–Iran hostilities, Opec+ signalled its intent to push supply more aggressively in August (500 kb/d) than the market had expected, and is now approaching a full unwind of the voluntary 2.2 mb/d curtailment, according to leading co More… |
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ENOC Group names Lootah as Acting CEOENOC Group, a leading integrated global energy player, has announced the appointment of Hussain Sultan Lootah as its Acting Chief Executive Officer. An industry veteran with three decades of leadership experience in the oil and gas industry, Lootah bring More… |
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Saudi Aramco eyes $4bn from major power assets saleSaudi oil giant Aramco is looking to sell up to five gas-fired power plants, three sources with knowledge of the matter told Reuters, part of a broader effort to free up funds that could generate tens of billions of dollars. The potential sale of four More… |
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Four top firms in race for $5bn Qatar offshore megaprojectAt least four leading international contractors or consortia are vying for a major contract from QatarEnergy LNG (formerly Qatargas) worth upto $5 billion for the next expansion phase of its massive North Field Production Sustainability (NFPS) project, which envisages maintaining the producti More… |
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Adnoc's Hail, Ghasha project hits 'sail-out' milestoneAdnoc’s Hail and Ghasha mega-project has met a key development milestone, having completed the "sail-out" and installation of critical offshore facility structures from the NMDC Energy Yard in Mussafah, Abu Dhabi. The structures – called More… |
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KACST, partners unite to boost KSA's graphene, battery techKing Abdulaziz City for Science and Technology (KACST), the Oil Sustainability Program (OSP), and Ceer have signed a cooperation agreement to develop innovative technologies for converting petroleum coke into graphene and enhance the use of locally produced materials in advanced battery appli More… |
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EU's renewable energy supply grew by 3.4pc in 2024In 2024, the supply of renewable energy in the European Union (EU) increased by 3.4% compared with 2023, amounting to around 11.3 million terajoules (TJ) in 2024, according to preliminary data released by by Eurostat, the statistical office of the EU, reported WAM. More… |
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US consumed 94 quadrillion BTUs of energy in 2024: EIAIn 2024, the US consumed about 94 quadrillion British thermal units (quads) of energy, a 1% increase from 2023, according to the US Energy Information Administration's Monthly Energy Review. Fossil fuels—petroleum, natural gas, and coal—account More… |
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KSA, Indonesia signed $27bn in energy agreementsSaudi Arabia and Indonesia signed agreements and memoranda of understanding worth $27 billion, spanning clean energy, petrochemical industries, and aviation fuel services, during Indonesian President Prabowo Subianto’s visit to the Kingdom. In a joint st More… |
