China National Petroleum Corporation (CNPC) has been awarded stakes in two concession areas belonging to the Abu Dhabi National Oil Company (ADNOC) after the two parties signed a 40-year agreement...
Post-apartheid, the town lost its industries, but is now becoming a key manufacturing hub for the renewable energy sector in South Africa Miriam Mannak Situated 50km north of Cape Town, on the southern edge of the West Coast, lies Atlantis. Developed in the 1970s as a self-contained industrial backwater annex residential area for people of...
No concrete reason given; wants to concentrate on gas Suparna Goswami Bhattacharya June 28, 2016: In a move that has surprised many, Saudi Arabia has scaled back its renewable power targets as the world’s largest producer of oil plans to use more natural gas, backing away from goals set when crude prices were about triple...
He has been replaced by Khaled al-Falih, who heads Saudi Aramco IFM Correspondent May 12, 2016: After announcing reforms to overhaul the economy in April, Mohammed bin Salman, the deputy Crown Prince of Saudi Arabia announced a government shake-up. The Prince announced the removal of veteran oil minister Ali al-Naimi. He has been removed after 20...