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John Benny


Articles

President Sheikh Mohamed presided over the annual meeting of the Adnoc board. Photo: Abu Dhabi Media Office
Adnoc board boosts budget allocation for decarbonisation projects to $23bn

This will include investments to expand the company’s domestic and international carbon management platforms

EnergyJanuary 22, 2024
The Sharara oilfield in Libya reopened on January 21 after protests led to its shutdown on January 7. Reuters
Will protests and shutdowns jeopardise Libya's energy ambitions?

There has been renewed global interest to invest in the country's oil and gas industry over the past few years

EnergyJanuary 22, 2024
Pipeline network at the Sharara oilfield in Libya. Reuters
Libya’s NOC announces restart of production at Sharara oilfield

Operated by a joint venture between NOC and international oil companies, the oilfield has been shut since January 7

EnergyJanuary 21, 2024
A view of Dubai Marina. Dubai's transportation and storage services sector surged by almost 11 per cent in the first nine months of last year. AFP
Dubai's economy grew 3.3% in first nine months of last year

Emirate's accommodation and food services industry led growth with more than 11 per cent annual increase

EconomyJanuary 21, 2024
Almarai recorded a 'positive' performance in its core GCC markets, led by Saudi Arabia. Sammy Dallal / The National
Saudi Arabia’s Almarai posts 4% increase in Q4 profit

Dairy company's revenue rose by nearly 2 per cent on strong GCC growth

MarketsJanuary 21, 2024
Opec has released its 2025 forecast early this year. Reuters
Opec expects oil demand growth to decline in 2025

The group brought forward its outlook for the next year to 'offer more transparency'

EnergyJanuary 17, 2024
Evening in Muscat. The Oman Investment Authority's latest initiative sets out to strengthen the private sector and small and medium-size businesses. Photo: Alamy
Oman Investment Authority launches $5.2bn fund to boost SMEs

Sectors including tourism, manufacturing and green energy will be the focus

EconomyJanuary 17, 2024
An Aramco oil facility in Abqaiq, Saudi Arabia. Reuters
Saudi Aramco allocates $4bn to venture capital arm

The company's total venture capital allocation is now $7.5 billion

EnergyJanuary 17, 2024
Analysts forecast a more bearish outlook for oil prices this year compared with 2023. Getty Images
Higher crude supply could drag oil prices lower, analysts say

Crude recorded its biggest annual loss since 2020 last year following a bigger-than-expected surge in US oil production

EnergyJanuary 17, 2024
A container ship crosses the Gulf of Suez towards the Red Sea before entering the Suez Canal. Reuters
Tankers carrying Qatari LNG resume Red Sea operations

Major shipping companies suspended sailings on the trade route after missile attacks by Houthi rebels

EnergyJanuary 16, 2024
Tesla chief Elon Musk at the Viva Technology conference in Paris. Reuters
Elon Musk wants 25% voting control of Tesla before pursuing AI goal

The world's richest person and company’s chief executive currently owns about 13 per cent of the company's stock

TechnologyJanuary 16, 2024
Pipes at the Sharara oilfield in Libya. Reuters
Libya designing ‘attractive’ oil and gas bid round, says official

The National Oil Corporation could reach its short-term production target of 2 million barrels per day using the company’s existing assets, board member says

EnergyJanuary 14, 2024
The Mellitah Oil and Gas complex in near Libya. The National Oil Corporation plans to increase output to two million barrels per day in the next three to five years. Reuters
Libya needs partners to increase oil and gas production

An Eni executive has urged the government to make Libya “more open” for potential suppliers and partners

EnergyJanuary 14, 2024
Al Dhafra solar photovoltaic independent power project near Abu Dhabi. The UAE has been investing heavily in clean energy projects to achieve net-zero emissions by 2050. AFP
Where are energy ties between the UAE and India headed?

The latest round of agreements could support the goals of the India-Middle East-Europe Economic Corridor, says India's former ambassador to the Emirates

EnergyJanuary 12, 2024
A worker at a construction site in Saudi Arabia's capital Riyadh. AFP
Saudi Arabia’s Roshn to build carbon-negative concrete plant

The project is expected to create more than 100 jobs in the kingdom

ClimateJanuary 11, 2024
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