As part of its diversification drive, the world’s biggest oil producer, Saudi Arabian Oil Co. (Saudi Aramco) signed 22 new pacts and a joint venture agreement with leading global firms in sectors such as sustainability, technology, industrial and energy services. This comes amid a growing focus on environmental, social and …

Iran’s Ambassador and Permanent Representative to the Vienna-based International Organizations Kazzem Qaribabadi called on the International Atomic Energy Agency (IAEA) to remain impartial and professional in its reports about the country’s nuclear program. Qaribabadi made the remarks on Tuesday after IAEA Chief Rafael Grossi claimed in a report that Iran …

As Arctic ice cover recedes with climate change, Russia is pinning its hopes for supremacy in the warming region on a fleet of giant nuclear-powered icebreakers. Moscow sees the development of the Arctic as a historic mission and already has huge projects to exploit its natural resources. Its next big …

Abu Dhabi National Oil Company (ADNOC) is planning to divest at least a 7.5% stake in drilling subsidiary ADNOC Drilling through an initial public offering (IPO). ADNOC intends to float the drilling unit’s issued share capital on the Abu Dhabi Securities Exchange (ADX). The listing is a part of the …

On Tuesday, oil prices were mixed following recent losses with some investors snatching up bargains. But concerns over slower demand grew after Saudi Arabia cut crude prices sharply for Asia. Demand woes grew after Saudi Aramco announced it would cut official selling prices (OSPs) by at least $1 per barrel …

European energy prices might be at record levels, but there is still room for prices to run, according to a Bloomberg analysis. Of course, natural gas prices are soaring everywhere—not just in Europe. The US benchmark price for natural gas has nearly doubled over the last year, with front-month Henry …

Turkey’s liquefied natural gas (LNG) import dropped 41.3 percent in the first half of the year compared to the same period of 2020, as LNG prices hit record-high levels on international markets. According to Energy Market Regulatory Authority (EMRA) data compiled by Anadolu Agency, Turkey imported 30.3 billion cubic meters …

Hyundai will seek to “popularise hydrogen” by 2040 with a raft of initiatives aimed at positing the fuel as an alternative to all-out battery electrification, and not just in the private vehicle sector. Following on from yesterday’s wide-reaching commitment to making its vehicle fleet all-electric in Europe in 2035, and …

The Organisation of Petroleum Exporting Countries (OPEC), says financing remains critical, in meeting any climate change target for developing countries. Dr Mohammad Barkindo, OPEC Secretary General, disclosed this at a video conference, entitled: “Ministerial Roundtable on Energy, Climate and Sustainability on Monday. “Financing is critical to reach any climate targets …

The Nord Stream 2 gas pipeline will be finished soon as Interfax reported citing Russia’s Foreign Minister Sergey Lavrov. “It will be finished in a few days; it will start to work,” Lavrov said. The end of the construction of the Nord Stream 2 gas pipeline in the waters of …