International

Saudi Arabia and UAE could ease oil market volatility, IEA says

Saudi Arabia and the United Arab Emirates (UAE) could help to calm volatile oil markets if they pumped more crude, the International Energy Agency (IEA) said on Friday.

Dana Gas delivers record 2021 with net profit of $317m

Dana Gas, the Middle East largest regional private sector natural gas company, posted a record net profit of AED1.16 billion ($317 million) in 2021 as compared to a net loss of AED1.38 billion in 2020.

Russia, China agree 30-year gas deal via new pipeline, to settle in euros

Russia has agreed a 30-year contract to supply gas to China via a new pipeline and will settle the new gas sales in euros, bolstering an energy alliance with Beijing amid Moscow strained ties with the West over Ukraine and other issues.

Exxon eyes more long-term gas supply deals with India

Global energy major ExxonMobil is looking at signing more long-term gas sales deals with India as rising spot prices have added to the appeal of longer duration contracts.

Kuwaiti petroleum firm discovers natural gas, condensate in Indonesia

Kuwait Foreign Petroleum Exploration Company, or Kufpec, has discovered natural gas and a light form of oil in Indonesia

Gazprom Daily Gas Exports in January Fall to Lowest Since 2015

Gazprom daily gas exports to its main markets shrank in the first 15 days of the new year to the lowest since 2015 while criticism is growing that it’s withholding supplies to Europe.

Abu Dhabi NMDC bags $21. 5mln dredging contract in Egypt

Abu Dhabi-based National Marine Dredging Company (NMDC) announced on Thursday that it has been awarded 79-million-UAE-dirham ($22 million) contract for dredging works at the entrance to the navigation channel and the trench of the quay wall in Safaga Port in Egypt.

Iraq to acquire Exxon Mobil stake in West Qurna oilfield -minister

The Iraqi government has given its approval for the Iraqi National Oil Company to acquire Exxon Mobil Corp stake in the giant West Qurna oilfield, Oil Minister Ihsan Abdul Jabbar said on Wednesday.