Corporate

Oil and gas-fired plants dominate recent Saudi power plant start-ups. But the kingdom's focus is belatedly, and ambitiously, shifting to renewables.

Kufpec, an overseas upstream arm of KPC, has signed a $1.1bn loan with a consortium of banks to expand...

Key Japanese buyer Jera will slash volumes of Abu Dhabi LNG by 90% when its current 25-year contract ends next year. Japan's overall LNG imports are falling.

OMV became the first IOC to restart production in Yemen in April. The risky return has begun to pay off, with exports resuming from the firm's Habban field.

Iraq's oil ministry announced this week that state firms will develop the Mansuriya and Nasiriya fields. The move is primarily due to IOC concerns.

Egypt's long suffering oil sector is on the up with output hitting a 10-month high. Increased activity from majors in the Western Desert could see more gains.

A return to "instability as usual" has kicked hopes of a much needed return to long-term investment into the long grass despite IOCs reporting buoyant 1H output.

State refiners Aramco, Adnoc and KNPC are seeking access to overseas markets. But, with global downstream investment rising, they are not alone.

Completion of three megaprojects boosts Egypt’s total powergen capacity by more than a third. Cairo is finding success in funding renewables, coal and nuclear capacity.

US majors ExxonMobil and ConocoPhillips both made clear statements of intent in their Q2 earnings calls this week that...