Onshore Block 3, located in the Al Dhafra region, is one of the first onshore block to be awarded among the geographical areas that were offered for commercial bidding by ADNOC.
The contract, valued at $229 million, is to power the Duqm Integrated Power and Water project (DIPWP).
An exclusive look at the UAE’s commitment to sustainable development from its Minister of State, His Excellency Dr Sultan Al Jaber.
Energy companies like Shell and BP are investing billions to bring artificial intelligence to new refineries, oilfields and deepwater drilling platforms.
Eni's latest contract wins across the UAE, Oman and Bahrain come as exploration activity across the Gulf picks up.
The company opened two service stations, one each in Riyadh and the Kingdom’s Eastern Province.
Sahara Petrochemicals Company and Saudi International Petrochemical Company (Sipchem) have signed a non-binding agreement to merge, in a deal valued at $2.2 billion based on share price.
Slowing demand for oil in China, one of the world’s largest economies, is proving to be a serious concern for oil exporting Middle Easter countries, reports show.
Economic growth has slowed