Environment & Energy | Sunday 29 September, 2024 9:42 am

Saudi Arabia operates first project to store natural gas by injecting processed gas

Saudi Arabia began operations at Hawiyah Gas Storage (HGS) plant, the Kingdom’s first project to store natural gas by injecting processed gas, the Ministry of Energy announced. The project aims to re-produce natural gas in the main gas network at two billion standard cubic feet per day, the...

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Environment & Energy | Friday 27 September, 2024 5:52 am

OPEC+ unlikely to change oil output policy: Novak

Russian Deputy Prime Minister Alexander Novak stressed today, Sept.  26, that all OPEC+ members are fully committed to oil output policy.   On the sidelines of Russian Energy Week, Novak said OPEC+ is closely monitoring the supply and demand balance in the oil market,...

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Environment & Energy | Friday 27 September, 2024 5:44 am

OPEC+ to go ahead with plans to boost oil output

OPEC+, which groups OPEC members and its allies, will go ahead with a planned oil production increase in December but first need to cut output to address overproduction by some members, two well-informed sources told Reuters.   The output increase in December is not about regaining...

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Environment & Energy | Friday 27 September, 2024 5:33 am

MEWA: Poultry meat production up 9% to 558M kg in H1 2024

Saudi Arabia has made a new leap in the volume of poultry meat production during the first half of 2024, achieving a record production of 558 million kilograms, a year-on-year (YoY) increase of 9%, from 511 million kilograms a year earlier, the Ministry of Environment, Water and Agriculture (MEWA)...

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Environment & Energy | Friday 20 September, 2024 12:43 pm

MoEI develops Federal Roads Service Platform to eliminate bureaucracy

The Ministry of Energy and Infrastructure (MoEI) announced developing the Federal Roads Service Platform for issuing and renewing NOC for road works. The move is in line with the Zero Government Bureaucracy programme. Mohamed Almail, Assistant Undersecretary for the Federal Infrastructure...

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Environment & Energy | Wednesday 18 September, 2024 10:44 am

Aramco aims for key role in LNG market: Al-Ghamdi

Khalid Al-Ghamdi, Executive Vice President of the Gas Business at Saudi Arabian Oil Co. (Saudi Aramco), stated that the company aims to become a key player in the liquefied natural gas (LNG) market.   Al-Ghamdi added that the Gastech Energy Conference in Houston, that Aramco has...

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Environment & Energy | Tuesday 17 September, 2024 9:26 am

Aramco to raise stake in MidOcean to 49%, fund new stake in Peru LNG

Saudi Aramco will raise its stake in liquefied natural gas firm MidOcean Energy to 49% and fund its acquisition of a new 15% stake in Peru LNG from Hunt Oil Co., MidOcean and Hunt said in a statement today, Sept. 16.   Aramco will hold an indirect stake of 17.2% in PLNG, while Hunt...

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Environment & Energy | Tuesday 17 September, 2024 12:15 am

Enercap Holdings and Apex Investments in Joint Venture to Build the World’s Largest Supercap Energy Storage Capacity to Meet Exploding Demand

Dubai based supercap energy storage manufacturer Enercap Holdings and Abu Dhabi based Apex Investments PSC, have formed a joint-venture to build 16GWh per year manufacturing capacity of supercap energy storage, a cutting-edge technology with features that surpass the current lithium-ion technology...

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Environment & Energy | Monday 16 September, 2024 8:46 am

Maaden signs SPSA to take over Maaden Bauxite, Maaden Aluminium

Saudi Arabian Mining Co. (Maaden) signed today, Sept. 15, a share purchase and subscription agreement (SPSA) with Alcoa Corporation (guarantor), AWA Saudi Limited (first seller) and Alcoa Saudi Smelting Inversiones S.L. (second seller), according to a Tadawul filing. Under the deal, Maaden...

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Environment & Energy | Monday 16 September, 2024 8:40 am

TAQA Announces New Unified Customer Facing Distribution Company and Launches New Brands for its Group Companies

Abu Dhabi National Energy Company (“TAQA”), one of the largest listed integrated utility companies in Europe, the Middle East and Africa (EMEA), announced today a new brand identity for its group of companies. The move is a milestone in the transformation and growth of TAQA and underpins the...

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