Tag: natural gas

    Spanish Repsol will withdraw from Russia’s oil and gas assets for environmental reasons
    03 Jan 2022

    Spanish Repsol will withdraw from Russia’s oil and gas assets for environmental reasons, Kommersant reports. This is the first foreign company to announce its withdrawal from Russian assets not through sanctions but through decarbonization. Spanish Repsol is based on Russian oil and gas assets. It is doing this first under the slogan of decarbonization (reducing […]

    Investors under SABIC’s local initiative, NUSANED, to add $3bn to Saudi GDP

    Investors under a local initiative to support Saudi businesses led by SABIC are expected to contribute more than SR11.4 billion ($3 billion) to the Kingdom’s economy and create around 10,316 jobs, Arab News reports. (Saudi Basic Industries Corporation, known as SABI, is a Saudi Arabian multinational chemical manufacturing company and a subsidiary of the state-owned […]

    Riyadh plans climate neutrality for 2060 but will continue to pump oil actively
    29 Dec 2021

    Leading oil exporter Saudi Arabia will strive to achieve zero carbon emissions by 2060, its de facto ruler, Crown Prince Mohammed bin Salman announced on October 23 at the Future Investment Initiative forum ahead of the UN Climate Conference (COP-26). Ben Salman stressed that Saudi Arabia would fight climate change while ensuring stability in the […]

    BayoTech, New Mexico Gas Co to build largest hydrogen production hub
    16 Dec 2021

    Hydrogen solutions provider, BayoTech, Inc has signed an agreement with New Mexico Gas Company to deploy a new highly-efficient hydrogen production facility in the Southern state of Albuquerque, USA. Hydrogen produced at the hub will be used by New Mexico Gas in a pilot project to demonstrate the safe and effective blending of hydrogen into […]

    UAE Joins Global Methane Pledge, expanding on legacy as the regional leader in Methane reduction
    07 Nov 2021

    The United Arab Emirates (UAE) has joined the Global Methane Pledge at the COP26 summit in Glasgow, building on its position as one of the least methane intense nations in the world. The UAE welcomes the opportunity to share its capabilities and experience in best-in-class methane performance with signatories to the EU-US led initiative that […]

    Innovative solutions set to drive global oil industry’s recovery
    19 Oct 2021

    A new report produced by Oxford Business Group (OBG) in partnership with Alkhorayef Petroleum explores the crucial role that digitalization and innovation are poised to play in the global oil industry’s recovery, Times of Oman states. The “Oil & Gas Services: Post-Pandemic Prospects” report, part of OBG’s Covid-19 Response Report (CRR) series, provides data-driven analysis […]

    Gulf states show ‘limited’ progress kicking oil & gas dependency
    18 Oct 2021

    The latest report from credit ratings agency Moody’s found that despite ambitions to diversify Gulf economies away from fossil fuels, the results have been ‘limited’ and efforts will be constrained by lower oil prices, Al Jazeera states. The clock is ticking for Gulf economies to end their overreliance on fossil fuels, as more countries around […]

    The energy crisis is deepening in the world. What is the reason?
    18 Oct 2021

    In Europe, there is a shortage of natural gas and a fivefold increase in gas prices before the onset of winter. In addition, the northern hemisphere has now added oil shortages, Euronews states. Experts warn that in the event of severe frosts, heat bills could increase by 40%. Gas prices rose due to growing industrial […]

    Hamdan bin Mohammed opened Gastech 2021 Exhibition and Conference
    27 Sep 2021

    H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Dubai Crown Prince and Chairman of The Executive Council of Dubai, opened Gastech, the world’s foremost exhibition and conference supporting the gas, LNG, hydrogen, and energy industry. Held under the patronage of Vice President and Prime Minister of the UAE and Ruler of Dubai His Highness […]

    Natural gas to play a pivotal role in powering UAE’s economic growth for next 50 years: Al Jaber
    25 Sep 2021

    Natural gas is set to play a pivotal role in powering economic growth in the UAE over the next 50 years, according to Dr. Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology and Managing Director and Group CEO of the Abu Dhabi National Oil Company (ADNOC). Delivering the opening address of Gastech 2021, […]