Saudi Aramco to invest $35 billion in oil projects over 5 years
Saudi Aramco plans to invest $35 billion over the next five years in projects to protect an oil production capacity...
Energy
Saudi Electricity Company posts $768 million profit
The Saudi Electricity Company (SEC) has posted a 32 percent rise in third-quarter net profit, beating analyst forecasts. The utility...
Dubai's Dewa awards $562 million maintenance contract to SIEMENS
The State-owned utility Dubai Electricity and Water Authority (DEWA) announced that it has awarded a US$ 562.1 million maintenance contract...
150 renewable energy projects are underway across the region
The Clean Energy Business Council, a trade group based in Abu Dhabi, has released a map tracking the 150 renewable...
Hyundai to build $3.2 billion Saudi power plant
South Korea's Hyundai Heavy Industries said it had won a $3.2 billion order to build a thermal power plant in...
Solar water heaters market in Lebanon at $18.1 million
The Global Environment Facility, along with the United Nations Development Program (UNDP), estimated the size of Lebanon's solar water heaters...
Global oil consumption to slightly increase in 2012
Global oil demand is projected to reach 89.8 million barrels per day (b/d) in 2012, constituting an increase of 1%...
GCC power investments put at over $63 billion
Gulf hydrocarbon producers are expected to pump more than $63 billion into projects over the next five years to expand...
GCC urged to develop gas sector amid mounting domestic demand
Gulf hydrocarbon producers need to improve the natural gas sector amid growing gas demand to fuel rising power consumption, the...
Saudi Arabia finds new gas field in Red Sea
Saudi Arabia's Aramco, the world's largest energy company, has discovered a new gas field in the Red Sea, 26 kilometers...
The resource of credible, industry-specific updates