An oil platform of Equinor in the North Sea, Norway. Reuters
The Abu Dhabi National Energy Company (Taqa) announced on Thursday its financial results and operational highlights for the six-month period ending June 30, 2019.
China is implementing drastic changes in its oil and gas sector policy. Beijing will for the first time allow foreign companies to explore and produce oil and gas in the country. It opens up the industry to firms other than state-run energy giants as Beijing looks to boost domestic energy resources.
China’s Sinopec, expected to be the next major Chinese buyer of US liquefied natural gas (LNG), is planning to review terms of a potential $16 billion supply deal with Cheniere Energy after a sharp drop in LNG prices.
Opec and allied nations agreed on Saturday to extend a production cut of nearly 10 million barrels of oil a day through the end of July, hoping to boost energy prices hard-hit by the coronavirus pandemic.
G20 members and invited countries have pledged more than $21 billion to fight COVID-19 and, with a spirit of solidarity, have shown they will spare no effort to protect lives and the most vulnerable.
Emaar chairman Mohamed Alabbar has told the UAE’s leading contractors that they must prepare for a new way of working as the economic activity gradually starts to pick up.