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Oil and Renewables

Oil and Renewables latest

Italy and Libya Sign Landmark Agreements to Strengthen Health and Energy Sectors
January 18th, 2026 - 05:09 GMT

Italy and Libya Sign Landmark Agreements to Strengthen Health and Energy Sectors

In a key advancement for Italy-Libya bilateral relations, comprehensive agreements were formally signed today in Benghazi between prominent Italian partners San Donato Group, GKSD, and the Libya Reconstruction and Development Fund. The landmark partnership establishes a robust framework for modernizing Libya's health and energy sectors through the deployment of Italian expertise, ambitious capacity building initiatives, and sustainable cooperation mechanisms designed to create lasting institutional transformation. The high-profile signing ceremony, which took place in Benghazi on Friday, brought together senior officials and business leaders from both nations to witness what many ...
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Analysts at Morgan Stanley said there were also signs prices could fall again soon, pointing at stalling gasoline demand and more oil from Canada and Nigeria after production problems. (AFP/Mohammed Al Shaikh)
July 5th, 2016 - 07:00 GMT

Saudi oil minister optimistic market is 'heading towards balance'

License holders will be required to utilize only best practice technology that reduces the environmental impact of natural gas and oil exploration and production operations. (File photo)
July 3rd, 2016 - 01:00 GMT

Israel to award 60 new oil and gas licenses for offshore exploration

One of the thorny issues Lebanon may need to solve before embarking on gas exploration is the 870 square kilometer disputed zone near the southern territorial waters. (Shutterstock)
July 3rd, 2016 - 09:00 GMT

Lebanon moves closer to removing hurdles to offshore gas exploration

Gulf Keystone Petroleum said said it ended 2015 with an average daily production rate of 36,000 barrels of oil per day at Shaikan and the field is now on pace to reach 55,000 bpd potentially. (File photo)
July 3rd, 2016 - 07:45 GMT

KRG to receive $10M payout bonus for bumper production at Shaikan oil field

PDO Managing Director said the money raised will help to finance business plans, as well as create more jobs and training opportunities for Omanis. (PDO)
June 30th, 2016 - 07:00 GMT

Petroleum Development Oman raises $4B for project financing

ADNOC Distribution
June 30th, 2016 - 05:15 GMT

ADNOC Distribution operates two vehicle inspection centres for two days during Eid Al Fitr holiday

The recovery for crude oil prices comes as economic leaders meet in Portugal to review coordinated monetary policies in the globalized world. (Shutterstock)
June 29th, 2016 - 11:00 GMT

Oil prices inch up slowly after post-Brexit plunge

During the visit
June 29th, 2016 - 09:03 GMT

HE Saeed Mohammed Al Tayer receives delegation from Jebel Ali Churches Council

The output of Al-Shaheen oilfield over the last 22 years hit 1.6 billion barrels at a daily rate of 300,000 barrels which represent nearly 40 percent of Qatar's total oil output. (File photo)
June 28th, 2016 - 12:00 GMT

Qatar Petroleum, Total form new company for Al-Shaheen oilfield development

Dubai is aiming to generate 7 percent of its total power from clean energy sources in the next four years, 25 percent by 2030 and 75 per cent by 2050. (File photo)
June 28th, 2016 - 06:00 GMT

Masdar seeks $800M loan for third phase of Dubai solar park

Over the past ten years, Jordan has witnessed a rising demand on electricity that ranged between 5-7 percent annually.
June 27th, 2016 - 12:00 GMT

Jordan, Saudi Arabia to cooperate on nuclear energy

US company Noble Energy currently owns 36 percent of the rights in the Tamar gas reservoir. (File photo)
June 27th, 2016 - 06:00 GMT

Harel seeks purchase of Noble Energy stakes in Tamar gas reservoir

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