Bloomberg Saudi energy services com- pany Arkad, which is building a nationwide pipeline netw- ork for oil giant Saudi Aramco, will expand outside the kingdom in a venture with ABB Ltd. that opens the doors to business in North Africa and the Gulf region. Arkad signed a deal to acquire a majority stake in a new joint venture with ABB’s ...

Bloomberg Wealthy nations are falling short on promises to help the develo- ping world reduce greenhouse gases by investing in clean energy, jeopardizing the global fight against climate change. Clean energy investments in China, sub-Saharan African and other emerging markets fell 27 percent in 2016, to $111.4 billion, Bloomberg New Energy Finance said in a study Monday. Less than 10 ...

HASSI RMEL / Reuters Algeria’s state energy firm Sonatrach on Monday started $2 billion of new investments into the Hassi Rmel gas field to keep production stable at the country’s biggest gas field. “The objective is to maintain the 190 million cubic metre output for the next 10 years,” Chief Executive Abdelmoumene Ould Kaddour told reporters at the site. Hassi ...