by Vasu Jit Kalia | September 6, 2024 | Energy
With the global economy going through turmoil, which has resulted in a nine-month low in crude prices, OPEC+ has agreed to postpone the planned oil production increases for October and November, the group announced on Thursday. They also indicated the possibility of...
by Vasu Jit Kalia | September 4, 2024 | Energy
Italy’s world leader in engineering and drilling activities, Saipem, has secured two offshore contracts in Saudi Arabia, totalling around $1 billion, under its ongoing long-term partnership with Saudi Aramco. Under the first contract, Saipem is responsible for the...
by Jibran Munaf | September 2, 2024 | Energy
The Egyptian Ministry of Electricity and Renewable Energy has approved a proposal from Abu Dhabi Future Energy Company, known as Masdar, for a significant solar power investment worth over $900 million. This development will see the construction of solar power plants...
by Jibran Munaf | August 31, 2024 | Corporate Finance, Energy
The Initial Public Offering (IPO) for NMDC Energy, a subsidiary of the NMDC Group, saw overwhelming demand, becoming oversubscribed within just a few hours of the first day of its subscription period, according to an announcement by NMDC Group on Monday. Strong...
by Jibran Munaf | August 31, 2024 | Commodities, Derivatives, Energy
OPEC+ is expected to move forward with its planned increase in oil production starting in October, according to six sources within the group. This decision comes despite concerns about weakening global demand, particularly from China, and aims to balance the market...
by Jibran Munaf | August 31, 2024 | Energy, News
The UAE fuel price committee has released the petrol and diesel prices for September 2024, which will be effective starting September 1. The new rates reflect a decrease across all fuel types compared to August prices, providing some relief to motorists. September...
