The Saudi Arabian Oil Company announced the signing of one agreement and nine Memoranda of Understanding (MoUs) with leading Korean entities, in an aim to advance its downstream strategy and support development of low-carbon energy solutions, while creating new financing options for the company
Industry
‘ExxonMobil’s scope 3 emissions to rise’
Following ExxonMobil’s announcement of an ambition to achieve net-zero emissions for operated assets by 2050, Will Scargill, managing energy analyst at GlobalData, has highlighted his view on the company’s strategy
TotalEnergies joins Masdar and Siemens Energy for green hydrogen development
Masdar, Siemens Energy and TotalEnergies signed a collaboration agreement on the sidelines of Abu Dhabi Sustainability Week (ADSW) 2022, to act as co-developers for a demonstrator plant project, which will be established at Masdar City, Abu Dhabi’s flagship sustainable urban development
What’s in store for the oil market in 2022?
The world’s most heavily traded commodity starts a new year on renewed optimism about demand despite Covid-19 uncertainties and Europe’s energy crisis
Wood propels Middle East growth with US$580mn of wins in 2021
Wood has marked a year of strategic growth in the Middle East region following a suite of contract awards and strategic framework renewals across its consulting, projects and operations business units, accumulating in US$580mn of secured backlog in 2021