Jamie Ingram

London

Senior Editor at MEES - Weekly Oil & Gas News Analysis

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Articles

UAE ‘Clean Energy’s’ 30% Share, But Gas Use Up

2 weeks ago | mees.com | Jamie Ingram

The reshaping of the UAE’s power generation sector continued apace in 2024, with low carbon sources accounting for a record 29.7% of total generation, up from just 5.1% in 2020. The key driver of these gains has been Abu Dhabi’s 5.6GW Barakah nuclear power plant, but renewables are also playing an increasingly prominent role in both Abu Dhabi and Dubai. This increased share came despite total power generation rising by 9.5TWh to a record 177TWh last year, MEES calculates.
Aramco-Sinopec’s Yasref Planned Petrochemicals Expansion Takes Shape

2 weeks ago | mees.com | Jamie Ingram

Saudi Aramco, Sinopec and the Yanbu Aramco Sinopec Refining Company (Yasref) have signed a framework agreement for a major petrochemicals expansion project at Yasref. The project is a key plank of Aramco’s strategy to bring its liquids-to-chemicals conversion capacity to 4mn b/d by 2030, and follows an MoU in December 2022 (MEES, 23 December 2022).
OPEC Secretary General: ‘Data-Driven Messaging More Important Than Ever’

2 weeks ago | mees.com | Jamie Ingram

Q: Recent comments from the IEA Executive Director that the “data always wins” have sparked a lot of discussion. You’ve frequently raised the importance of ensuring data remains unaffected by policy-biases, so what do you make of these comments? A: OPEC fully supports the importance of data. Actually, it underpins everything we do. Data before facts, is OPEC’s mantra for providing realistic outlooks that are coherent and consistent. (CONTINUED - 1247 WORDS)
Mubadala Energy Enters US LNG

2 weeks ago | mees.com | Jamie Ingram

Mubadala Energy, the upstream arm of Abu Dhabi state investor Mubadala, is joining compatriot Adnoc and its parent company in investing in US LNG. The firm announced on 10 April that it is purchasing a 24.1% interest in Kimmeridge’s SoTex HoldCo LLC (“SoTex”), which is developing an integrated wellhead-to-LNG gas system in the US.
Adnoc Drilling Eyes New Joint Ventures For Overseas Expansion

2 weeks ago | mees.com | Jamie Ingram

Adnoc Drilling is implementing a major growth strategy which has seen it acquire multiple companies to expand its offerings, set up new JVs with experienced partners and embark on an international expansion drive. Profits increased by 26% last year to a record $1.304bn, and it expects further growth to $1.35-1.45bn for 2025, with the trajectory continuing to point upwards (MEES, 14 February).
Saudi Arabia Announces New Discoveries

2 weeks ago | mees.com | Jamie Ingram

Saudi Arabia’s Minister of Energy Prince Abdulaziz bin Salman Al Saud has announced the discovery of 14 new oil and gas fields and reservoirs. The new discoveries are located in the kingdom’s oil and gas heartlands in the Eastern Province, as well as in the more challenging and remote Empty Quarter region.
Amspec Suspended From Fujairah

2 weeks ago | mees.com | Jamie Ingram

11 Apr 2025 Issue: 68 / 15 By: Jamie Ingram The Port of Fujairah updated its list of approved oil testing providers on 11 April, according to a port announcement seen by MEES, excluding leading US inspection company Amspec. Only the 10 listed labs are permitted to collect samples from vessels at Fujairah Offshore Anchorage, Port of Fujairah berths and oil terminals. The labs perform a key role at the storage and trading hub in testing specifications and blending.
Saudi Arabia Commissions Shuaibah-3 RO Desalination Plan...

3 weeks ago | mees.com | Jamie Ingram

Saudi Arabia has decommissioned its oldest Independent Water and Power Project (IWPP), the Shuaibah-3 plant, replacing it with the more-efficient Shuaibah-3 reverse osmosis (RO) facility. The move is symbolic of Saudi Arabia’s ongoing efforts to upgrade its energy-intensive utilities sector, with the old oil-fired Shuaibah plant replaced with a new grid-connected facility with its own captive solar power capacity.
Opec+ Accelerates Production Cuts As US ‘Liberation Day’ Slams Markets

3 weeks ago | mees.com | Jamie Ingram

Opec+ took observers by surprise this week by announcing that it is accelerating the pace of production increases less than 24 hours after the US unveiled its new tariff policy. Oil markets were already softening following US President Donald Trump’s 2 April ‘Liberation Day’ press conference, before the Opec+ announcement put them into a tailspin, with Brent dropping from $74.95/B to close 3 April at $70.14/B, and barely $65/B as MEES went to press.
Kuwait Debt Law Breakthrough: A New Era For Investment?

3 weeks ago | mees.com | Jamie Ingram

In a seismic development, Kuwait has finally passed a new debt law following years of wrangling. The new law enables it to tap international markets for the first time in eight years. The debt law had become a totemic issue for Kuwait in recent years, symbolizing the impasse between the country’s government and successive parliaments which successfully obstructed its passage.