Tag Archives: Trade Arabia

Maersk Drilling has merged with Noble Drilling and will move into the latter’s headquarters in Houston, the US, to make the new company the third largest rig owner in the world. Maersk is headquartered in Denmark. Taking the name of Noble, the merger brings in a synergy that is in …

Spearheaded by the governments of India and the UK, the first transnational network of solar power grids known as the Green Grids Initiative – One Sun One World One Grid (GGI-OSOWOG) has been launched. At the COP26 climate conference in Glasgow, the International Solar Alliance (ISA), India Presidency of the …

QatarEnergy has placed the first batch of LNG shipbuilding orders with Korean shipyards consisting of four vessels from Daewoo Shipbuilding & Marine Engineering (DSME) and two vessels from Samsung Heavy Industries (SHI). The orders came in the form of QatarEnergy’s declaration of its ship construction options with the two Korean …

Factors such as tepid OPEC+ production hikes, gas-to-oil substitution, China’s power crunch and the inability of producers outside OPEC+ to meet surging demand could well spur oil prices towards $100 per barrel (/b), a report said. Markets have pivoted from pricing demand recovery to now pricing supply scarcity, said the …

Huawei Digital Power has signed a key contract with SEPCOIII for the Red Sea Project with 400 MW PV plus 1300 MWh battery energy storage solution (BESS), which is currently the world’s largest energy storage project. The contract was announced at the Global Digital Power Summit 2021 in Dubai, UAE. …

Adipec, the world’s most influential live and in-person meeting place for energy companies and professionals, will discuss in detail how hydrogen can potentially deliver a holistic, clean, integrated approach to region’s energy sector. Taking place immediately after the UN climate meeting COP 26, Adipec will bring together hundreds of ministers, …

Demand for natural gas in the wider Arab region is rising at its “fastest” pace, with a steady annual growth rate of 4.8 percent, according to Organisation of Arab Petroleum Exporting Countries (OAPEC). Demand for gas in the region eclipses global demand by more than two-fold, the second highest in …

Organisation of the Petroleum Exporting Countries (OPEC) said the proven crude oil reserves in the bloc’s member countries increased by 0.3 per cent to 1.237 billion barrels at the end of 2020, following a firm increase its previous year. At the end of 2020, world proven natural gas reserves fell …

The European Union and the US have announced the Global Methane Pledge, an initiative to reduce global methane emissions to be launched at the UN Climate Change Conference (COP 26) in November in Glasgow. President Biden and European Commission President Ursula von der Leyen urged countries at the US-led Major …

Natural gas could play a key role in alleviating energy poverty and creating new jobs across the globe in the post-Covid recovery phase. The potential to create new jobs at a lower cost and with less environmental impact is one of the brilliant features of natural gas that makes it …