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Saudi Aramco Reports First Half 2019 Net Income of $46.9 Billion

Saudi Aramco on Monday announced for the first time its half-year financial results. The company’s net income was $46.9 billion for the first half 2019, compared to $53.0 billion for the same period last year. Earnings before interest and...

ADNOC Closes Partnership Agreements with Eni, OMV in Refining and Trading

The Abu Dhabi National Oil Company, ADNOC, on Wednesday announced that it has closed its landmark strategic equity partnerships with the Italian oil and gas company Eni and the Austrian oil and gas company, OMV, covering both the existing...

The UAE is Among Top 20 Countries in the World of Marine Insurance

Marine Insurance Conference on Offshore Energy 2019 With the success of this conference in 2018, Dubai Marine Insurance Conference (DMIC) has returned to hold a second conference in 2019, expected to be bigger and better. Under the patronage of...

Oil Prices Strengthen More Than 1% on Iran Risk

Oil prices rose more than 1% on Monday, as investors worried about possible supply disruptions in the energy-rich Middle East after Iran’s seizure of a British tanker last week. Brent crude LCOc1 futures climbed 79 cents, or 1.3%, to settle...

Singapore Stocks up on Low-Sulfur Fuel Ahead of New Shipping Rules

Oil traders are chartering more ships and snapping up fuel oil storage tanks in and around Singapore, the world’s top bunkering port, to stock up cleaner fuel that will meet new shipping rules coming into force next year, industry...

Mohamed bin Zayed, Chinese President Witness Signing of ADNOC and CNOOC Agreement

The Abu Dhabi National Oil Company, ADNOC, today signed a Strategic Framework Agreement with China National Offshore Oil Corporation, CNOOC, to explore new opportunities for collaboration in both the upstream and downstream sectors as well as in Liquefied Natural...

EDF Renewables, Masdar Reach Financial Close on Dumat Al Jandal Wind Project in Saudi...

The consortium consisting of EDF Renewables and Abu Dhabi Future Energy Company, Masdar, has completed the financing of the Dumat Al Jandal utility-scale wind project in Saudi Arabia, with the backing of Saudi and international banks. The Renewable Energy Project...

World Energy Council Collaborates with EY on Energy Innovation at Abu Dhabi’s World Energy...

The World Energy Council has announced its collaboration with Ernst & Young,EY, a multinational professional services firm, on the topic of innovation in energy. EY will be the platinum sponsor of the 24th World Energy Congress, to be held between...

ENOC Group CEO Receives Honorary Doctorate from Heriot-Watt University

Saif Humaid Al Falasi, ENOC’s Group CEO has received an honorary degree of Doctor of Engineering by Heriot-Watt University in Dubai for his four decades of significant contribution to the energy industry in the region. Professor Richard A. Williams OBE,...

ADNOC’s Al Dhafra Petroleum Joint Venture Produces First Oil from Haliba Field

The joint venture is using modularised production and a centralised system for remote monitoring to optimise operations l Dhafra Petroleum, a joint venture between the Abu Dhabi National Oil Company (ADNOC), the Korea National Oil Company (KNOC) and GS Energy,...
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ABB’s Digital Solution for Shipping Fleets Helps to Further Reduce Fuel Costs and Environmental...

CCPO offers high quality service to its charter clients and professional ship management for 111 of own and third-party ships. They were an early...

TT Talk – Calling for Ports/Terminals to Engage with Hazcheck Restrictions Portal

The containerised supply chain is well-known for its complexity. TT Club is seeking to ‘call out’ any practice that may undermine safety and preclude...

Kongsberg Digital Simulation and Software Selected to Fast-Track R&D at New Autonomous Ship Centre...

UIPA, the South Korean Information and Communication Technology Promotion Agency has awarded Kongsberg Digital the contract to supply a fully-featured bridge simulator for a...