Boris Johnson appeared to win no oil commitments from Saudi Arabia as he defended himself from allegations of going from "dictator to dictator" to find new fuel sources after the Russian invasion of Ukraine.
The second episode of Bigger Faster Better explores the future of hydrogen and compares how this crucial low-carbon technology is developing in the UK and the United Arab Emirates (UAE).
The United Arab Emirates said it will call on its fellow OPEC+ members to boost oil output faster, a dramatic U-turn that could set the country against fellow members of the alliance led by Saudi Arabia and Russia.
President Joe Biden spoke on Wednesday with King Salman of Saudi Arabia about ensuring stable energy prices as well as Mideast security, in light of recent attacks by Yemeni rebels, and the status of talks over Tehran’s nuclear program.
The United Arab Emirates said an exploding gas cylinder was responsible for a blast that rocked the capital overnight, as the US issued another warning to its citizens to remain vigilant following a series of attacks on the Gulf country.
As they strain to restore oil production, OPEC and its allies are being left with a diminishing buffer of spare supplies -- potentially setting up crude prices for a sizzling summer.
ADNOC has announced an investment of nearly $1billion to extend the life of the Umm Shaif oil field which started up 60 years ago.
A former Petrofac executive has been ordered to pay £140,000 over bribery offences in the Middle East.
Adnoc has announced discoveries of up to 1billion barrels of oil equivalent in a prized onshore block in Abu Dhabi.
PTT Exploration & Production (BKK:PTTEP) will expand its investment in the United Arab Emirates (UAE) by acquiring a 25% stake in Area C onshore block from Italy’s Eni. The state-backed Thai upstream player said the investment fits with its strategic focus on prolific petroleum areas in the Middle East.
Higher oil and gas prices saw a surge in profits for the UAE state-owned energy firm Taqa.
ADNOC Group has dished out a $187million contract to boost capacity at the Al Nouf onshore oilfield in the UAE.
Prince Abdulaziz bin Salman is the most powerful man in petroleum. The Saudi oil minister navigates unruly OPEC+ nations, huge swings in prices — and the end of fossil fuels.
Oil fell after OPEC+ agreed to boost production into 2022, resolving an internal dispute that had shaken the alliance.
OPEC and its allies agreed to gradually add more oil supplies to the market, ending a two-week spat between Saudi Arabia and the United Arab Emirates.
ADNOC has dished out a unified drilling contract worth $763.7million, with Schlumberger and Halliburton landing sizeable shares.
The OPEC+ oil cartel is facing its biggest crisis since a price war at the start of the coronavirus pandemic.
Saudi Arabia and the United Arab Emirates cranked up the tension in their OPEC standoff as the rare diplomatic spat between long-time allies leaves the global economy guessing how much oil it will get next month.
OPEC+ allies were locked in a tense diplomatic standoff on Friday amid a dispute that threatens to send oil prices sharply higher.
The OPEC+ alliance descended into bitter infighting after a key member blocked a deal at the last minute, forcing the group to postpone its meeting and casting doubt on an agreement that could ease a surge in oil prices.
Lamprell has said it faces “severe pressure” as key projects in Saudi Arabia ramp up.
Petrofac warned today that orders were likely to remain depressed in engineering and construction (E&C) this year due to the ongoing Covid-19 pandemic.
The United Arab Emirates could become the first nation among the Organization of the Petroleum Exporting Countries (OPEC) to set a net-zero goal, a move that would please Western countries pushing for stronger climate commitments but won't require it to sell less oil.
Centurion Group has acquired UAE-based Specialist Services Group with hopes of major growth in the Middle East and beyond.
Former Petrofac CEO Ayman Asfari took a double-digit percentage pay cut in 2020, a year blighted by Covid, loss of work and an ongoing SFO investigation.