Under the deal, Doosan Fuel Cell will provide solid oxide fuel cells (SOFCs), energy conversion devices generating electricity, for a 50,000-ton ship of Navig8, while the Singaporean shipping company will offer technologies to mount SOFCs on the ship.

Asian shares rose on Wednesday as hopes for a successful coronavirus vaccine lifted expectations of a swift reopening of the global economy.

Golf Saudi confirmed that Aramco is the title sponsor of the first female golf tournament in the Kingdom of Saudi Arabia.

Clarksons Platou Securities estimated rates on Thursday at $13,400 per day for very large crude carriers (tankers that carry 2 million barrels of crude oil) and $7,300 per day for Suezmaxes (tankers that carry 1 million barrels of crude).

The 2020 ADIPEC conference, traditionally held in Abu Dhabi, is being conducted virtually this year.

In his keynote address, Al Jaber extended his congratulations to US President Elect, Joe Biden, and Vice President Elect Kamala Harris, before sharing an optimistic outlook for an oil and gas industry challenged by “strange times”.

AVEVA announced that it will be extending its long-standing strategic collaboration with Microsoft to focus on accelerating digital transformation in the industrial sector.

The name TA’ZIZ, which in Arabic means advancement, strengthening, or creating a foundation, describes the ambition of ADNOC and ADQ as they kickstart the development of industrial growth in Ruwais.

Dr Al Jaber emphasised the importance of the oil and gas industry in enabling economic development in the post-Covid recovery by ensuring a steady and reliable supply of energy to power growth.

SHELL Companies, the local subsidiary of Royal Dutch Shell, is set to cut 500 jobs or about 38 per cent of its local workforce over the next three years as the group makes changes to its largest refinery, on Pulau Bukom.