Aramco’s chief executive Amin Nasser said that oil demand in 2025 will approach 106 million barrels per day (bpd) after averaging about 104.6 million bpd last year
The country aims to boost its oil output to 4 million bpd by 2035, having previously missed a goal of reaching that level by 2020
The deal ensures a stable and flexible supply of natural gas, a cornerstone of the UAE’s energy transition
The clean energy project is expected to deliver up to 1 gigawatt of clean energy by 2030
The company’s technology team will evaluate and use the graphene produced at the Habshan complex to explore possible applications
The subsidiary will focus on the comprehensive lifecycle of nuclear energy projects, from strategic advisory and project management to operational readiness and capacity building
The investment by a wholly owned subsidiary of ADIA, Abu Dhabi’s biggest wealth fund, is for a minority stake in AlphaGen
The ArtawiGas25 facility, which is part of the gas growth integrated project, will process 50 million cubic feet per day (Mcf/d) of gas previously flared
Over the three weeks ending January 10, Brent has climbed by close to 7 per cent, while WTI has jumped nearly 8 per cent
The three contracts are part of the $15bn CAPEX that ADNOC Gas plans to invest through 2029
Taiwan Power Company awarded the contract to NMDC Energy and NMDC Dredging and Marine – the subsidiaries of NMDC Group
Amid the world-renowned CES Las Vegas kicking off this week, news of a supposed micro nuclear reactor designed to power homes started grabbing attention
With a growing presence in Latin America and a significant presence in the UAE, AIQ’s partnership with Ecopetrol offers the company a unique opportunity to expand its AI-driven solutions to new markets
The initial drawing against the facility will be $1.1bn, leaving $0.9bn capacity available to be drawn until December 31, 2026
The seasonally adjusted S&P Global UAE Purchasing Managers’ Index (PMI) rose to 55.4 in December from 54.2 in November, marking a third consecutive monthly increase
Brent crude futures rose 22 cents, or 0.3 per cent, to $76.15 a barrel, after settling at its highest since October 25
This stability follows months of declining fuel prices in 2024, with Super 98 petrol dropping from a high of Dh3.34 in May to the current rate of Dh2.61
In 2024 alone, ADNOC’s ICV programme reinvested Dhs55bn into the UAE economy and helped facilitate the creation of 5,500 private-sector jobs
Saad al-Kaabi, the chief executive of state-owned QatarEnergy, said the EU should thoroughly review the due diligence law
Brent crude futures rose 36 cents, or 0.5 per cent, to $73.30 a barrel
UAEV aims to expand its network to include 1,000 strategically located chargers across urban hubs, highways, and key transit points by 2030
With the support of ENOC, Drive Terra aims to make e-bike adoption in the UAE more accessible and efficient, helping the country to meet its ambitious environmental goals
Arcius Energy will focus on natural gas growth to meet growing regional demand while supporting Egyptian energy security and economic development
The chatbot ensures that users receive reliable and accurate information, available 24/7 to accommodate a global investor base
Saudi Aramco said it is lowering the official selling prices for refiners in Asia, which buy about 70 per cent of the kingdom’s crude
Brent crude futures rose 36 cents, or 0.51 per cent, to $71.48 per barrel on Monday amid the fall of Syrian President Bashar al-Assad’s regime
OPEC+, which pumps about half the world’s oil, had previously been planning to start unwinding cuts from October 2024
The Ruwais LNG facility is poised to make history as the first LNG export terminal in the region to be powered by clean energy
The group agreed to allow the UAE to raise output by 300,000 bpd gradually from April until the end of September 2026
Captured carbon dioxide will be transported through pipelines to be stored below ground in a saline aquifer sink