Speaking at the annual investment forum in Riyadh, the Minister emphasized the significance of stable global crude markets, reaffirming the pivotal role of oil in driving economic growth.
The move aligns with the UAE's broader vision to leverage its hydrocarbon wealth while reducing its dependence on fossil fuels.
In a statement ahead of the United Nations COP28 climate talks in Dubai, Sultan al-Jaber, the Emirati president-designate, appealed to oil and gas companies to be at the forefront of climate solutions.
Currently, MidOcean is in the process of acquiring interests in four Australian LNG projects as part of its strategy to create a diversified global LNG business.
These contracts cover land drilling operations and involve both existing and new customers across Saudi Arabia, Oman, and Pakistan.
Four prominent international engineering, procurement, and construction (EPC) companies are vying for multiple EPC packages offered by Saudi Aramco for the expansion of its Fadhili gas plant.
The additional cutback was introduced this month in addition to the output curbs already implemented by fellow OPEC+ producers to stabilize oil markets amid a fragile economic backdrop.
Saudi Arabia and Kuwait have asserted their rights over a disputed gas field in the Gulf, challenging Iran's claims.
Yemen’s Houthis said they attacked oil facilities in Saudi Arabia, as the group steps up strikes on the kingdom.
Qatar Petroleum said Tuesday it wouldn't be renewing its Qatargas 1 LNG joint venture with Total, ExxonMobil, Marubeni, and Mitsui.
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