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Saudi Aramco to invest $25 billion in Red Sea oil and gas

Aramco to develop deep water exploration and production Saudi Aramco plans to produce natural gas this decade off the Red Sea coast to increase domestic supplies to power generation and water...

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Mubadala and IPIC progress on Emirates LNG project

UAE to shunt Hormuz Strait with Fujairah Terminal Mubadala Petroleum and the International Petroleum Investment Company (IPIC), both from Abu Dhabi in the United Arab Emirates, are preparing the...

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Mubadala and IPIC rethink Fujairah Emirates LNG project design

Emirates LNG to replace FSRU by land-based terminal The Abu Dhabi-based companies Mubadala Petroleum (Mubadala) and the International Petroleum Investment Company (IPIC) have decided to stop the just...

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