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Adnoc delivers latest blockbuster IPO, largest-ever Abu Dhabi listing

31 May 2022

Abu Dhabi National Oil Company (Adnoc) together with its long-standing partner Borealis AG on Tuesday announced the successful completion of the bookbuild and public subscription process for the Initial Public...

Adnoc Drilling accelerates its fleet expansion programme

30 May 2022

Adnoc Drilling Company on Monday announced it has signed a Sale and Purchase Agreement (SPA) to acquire an additional two premium offshore jack-up drilling units. The investment is central to...

DP World to explore metaverse to solve challenges

28 May 2022

DP World, a leading global end-to-end logistics provider, announced the creation of DPMETAWORLD, a new initiative aimed at bringing cutting edge virtual solutions to real-world supply chain challenges. Across the...

Cash-strapped Sri Lanka gets Russian oil to ease shortages

28 May 2022

Cash-strapped Sri Lanka took delivery on Saturday of Russian oil -- which could soon be subject to a European embargo -- to restart operations at the country’s only refinery, the...

Pakistan hikes prices of petrol, diesel by Rs30 to unlock IMF funding

26 May 2022

Pakistan on Thursday announced it will hike fuel prices so that it can resume receiving aid from a $6 billion package signed with the International Monetary Fund (IMF) in...

Adnoc announces offer price for Borouge IPO

23 May 2022

Abu Dhabi National Oil Company (Adnoc), together with its long-standing partner Borealis AG, on Monday announced the offer price for the initial public offering (IPO) of Borouge plc, their petrochemicals...

Saudi Aramco profit jumps 82% in first quarter on high oil prices

15 May 2022

Saudi Aramco on Sunday posted an 82 per cent jump in first quarter profits, buoyed by a global surge in oil prices that has made it the world’s most valuable...

Can Europe really survive without Russian oil?

07 May 2022

Joanna Gill , Reuters After a 20-year political battle, Belgium was set to shut its nuclear plants in 2025 but the war in Ukraine and rising energy prices have forced...

Oil producers agree on modest supply boost amid demand woes

05 May 2022

Opec+ agreed on Thursday to another modest monthly oil output increase, arguing that the producer group could not be blamed for disruptions to Russian supply and saying China’s coronavirus lockdowns...

Blame Washington, not Vladimir Putin, for rising prices

29 Apr 2022

E.J. Antoni, Tribune News Service How out of control is inflation? One measure says it all: Prices are now rising as fast in one month as they used to...

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