The oil-dependent nation has completed a slew of green initiatives to aid the worldwide fight against climate change, and its efforts have not been unnoticed
energy investments
carbon emissions
Managing energy and resource transition challenges
Many energy and natural resources companies that transformed the world may be caught on the wrong side of a storyline, legacy players in a sector that’s ripe for disruption
Aramco Gas Pipelines
BlackRock-led group wins $15.5bn Aramco pipeline deal
In what is one of the world’s largest energy infrastructure deals, the group will buy a 49 percent stake in Aramco Gas Pipelines Co.
energy business
Aramco eyes new investments in India after Reliance scraps deal
Aramco had signed a non-binding letter of intent in August 2019 for a potential 20 percent stake in Reliance’s oil-to-chemicals unit valued at about $15bn
ENERGY INFRASTRUCTURE
BlackRock, Brookfield among bidders for Aramco gas pipelines
Natural-gas pipeline network could fetch more than $15 billion
clean energy
How the world has ‘sleepwalked’ into energy crisis, according to UAE Minister
Dr. Sultan bin Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and Special Envoy for Climate Change, stressed energy transition will take time and will require investment in hydrocarbons
chemical industry
Saudi petrochemical rivals merge to create $11bn company
Saudi Industrial Investment Group, known as SIIG, wants to swap 1.27 of its shares of each of National Petrochem’s, according to a statement
energy investments
Aramco considers opening $110bn gas project to investors
State-controlled producer is working with an adviser as it explores raising new equity or debt for its vast Jafurah site
Abu Dhabi National Oil Company
UAE seeks investors and long-term buyers for blue hydrogen
Market for hydrogen could be worth as much as $700bn annually by 2050, according to BloombergNEF
Abu Dhabi National Oil Company
India’s Reliance to invest in Abu Dhabi petrochemicals hub
Investment in Abu Dhabi National Oil Co.’s Ruwais refining hub could amount to as much as $1.5bn
energy investments
Qatar says big oil keen to invest in $29bn gas expansion
Qatar Petroleum executives have jetted around the globe in recent months to strike competitive deals with the fastest growing customers
carbon emissions
Saudis dismiss call to end oil spending as ‘La La Land’ fantasy
The International Energy Agency stirred some passionate debate last month when it urged an end to new oil and gas investments to avert disastrous climate change
ACWA Power
ACWA Power set to bid in South Africa’s next renewable auction
The next auction, to procure 1,600 megawatts of wind power and 1,000 megawatts of solar capacity, is expected to reach financial close by March 2022 and connect to the grid by April 2024
ADNOC Distribution
UAE state oil firm raising $1.6bn in stock, bond sale
Abu Dhabi National Oil Co. to offer 375m shares in Adnoc Distribution PJSC at AED4.36 a share
Africa Oil Week
Africa’s oil conference set to leave Cape Town for Dubai in 2021
The event, known as AOW, will be held in the United Arab Emirates between Nov. 8-11, according to a brochure that lists support from Total SE, Chevron Corp. and Eni SpA along with a Dubai convention bureau
Apicorp
Over $800 billion to be invested in MENA energy sectors in next five years, APICORP report says
As the global economy and energy markets continue to recover from the damage coronavirus wreaked last year, investors are looking to the future, and it’s increasingly green
ADNOC
Oil crown jewels no longer off limits in Middle East amid deal surge
The shift underscores how countries in a region home to almost half the world’s oil reserves are taking advantage of the recovery in energy prices following last year’s coronavirus-triggered crash to bolster their ailing finances