Surplus capacity is the equivalent of 3 million to 4 million barrels-a-day and will drop as demand for jet fuel increases, chief executive officer Amin Nasser said
Oil and gas industry
AB Economic Forum in Abu Dhabi
Why a makeover is needed to sell the energy sector to the next generation
Experts explain why decarbonisation and digitalisation are key to the future of the global oil industry
AI in energy sector
Video: How investments in AI have driven innovation and efficiency in the MENA region
Investments in artificial intelligence have driven innovation and increased efficiency across sectors, and in the Middle East and North Africa – especially in the GCC – AI companies see big opportunities in the oil and gas sector.
AI in energy sector
How investments in AI could transform the GCC’s energy sector
Funds in cognitive artificial intelligence are going towards improving operational efficiencies, to the benefit of the MENA region’s economies, said Beyond Limits CEO
climate change
Climate change consequences are serious for global oil and gas producers
As the effects of ESG trends and climate change on the oil and gas sector is any indication of what may be in store, some companies may be in for a rough ride
Dana Gas
Texan company and Dana Gas cancel $236 million Egyptian deal
The agreement between the two firms, announced in October, was terminated after they failed to finalise terms, Dana Gas said in a statement
Oil and gas industry
Shuaa Capital completes AED 1.13 billion debt buyout of Dubai-based Stanford Marine Group
Deal retains jobs of 1,800 employees and ensures business continuity, says CEO of Shuaa Capital