The merger is based on well-studied legal and professional foundations aimed at strengthening Kuwait’s oil sector companies under KPC
Saudi Arabia, the world’s largest oil exporter, is seeking to generate substantial renewable energy and reduce emissions
Deliberations regarding the US energy-focused investment firm’s assets also involve other parties
Challenge for governments that rely on high oil prices
The equity investment into Kimmeridge’s SoTex HoldCo marks Mubadala Energy’s US market entry and ambitious expansion strategy
Oil prices dropped to their lowest in more than four years on looming demand concerns fuelled by the tariffs war between the US and China
The drop marks the biggest decline in more than two years and is the second consecutive month Aramco has lowered its prices
After a meeting of the eight countries held online on Thursday, the group announced it would boost output by 411,000 bpd in May
Super 98 petrol now costs Dh2.57 per litre, down from Dh2.73 in March
The fuel prices in the UAE decreased in March, offering some relief to drivers after an uptick in February
Masdar, through its Iberian platform Saeta, closed the agreement for the construction and commissioning of one of the largest solar PV installations in Valencia of 234MW, with a potential BESS hybridisation of 259MW
Construction on the project will commence this year, with commissioning targeted for 2026
The deal, which is subject to regulatory approvals and other conditions, will see Masdar acquire a 49.99 per cent stake in four solar plants in Spain
The initiative aims to overcome the challenges of long-distance travel for EV users in Saudi Arabia
Fitch said the country’s Vision 2030 project provides some flexibility in managing capital expenditure and debt issuance
Speaking at CERAWeek, Dr Sultan Ahmed Al Jaber called for pro-growth, pro-investment energy policies; and emphasised AI’s dependence on energy
This particular initiative is expected to reduce 14,276 metric tonnes of carbon emissions per year, equivalent to taking 3,300 cars off the road
The wide-scale deployment of the world’s first large-scale agentic AI solution for the energy sector follows he successful completion of ENERGYai ‘strial phase across ADNOC’s upstream operations
Aramco lowered the April official selling price (OSP) for flagship Arab Light crude by 40 cents to $3.50 a barrel
US West Texas Intermediate crude futures rose 8 cents, or 0.08 per cent, to $66.44 a barrel
The UK-incorporated platform will invest in venture capital (VC) stage companies developing physical and digital decarbonisation technologies
GE Vernova announced plans to expand its GE Saudi Advanced Turbines (GESAT) facility in Dammam to locally manufacture high-voltage gas-insulated switch gears
Brent futures fell 24 cents, or 0.3 per cent, to $70.80 a barrel at 0500 GMT
Customers will be able to pay both the EV charging tariff and the parking fee in a single transaction using Parkin’s app
Borouge Group International will be jointly controlled as an equal partnership between ADNOC and OMV, with OMV injecting EUR1.6bn cash into the consolidated entity to equalise shareholding
The total energy consumption in 2024 reached 59,594 gigawatt hours (GWh), up from 56,516 GWh in 2023, DEWA’s Al Tayer announced
The adjustment comes as global oil markets experience relative stability, with Brent crude prices fluctuating around $80 per barrel in recent weeks
Under the deal, LNG cargoes will be shipped to Osaka Gas and its Singapore-based subsidiary, Osaka Gas Energy Supply and Trading
This MoU represents a transformational milestone in the development of sustainable transportation infrastructure in Riyadh
The UAE announced the retail fuel prices for February 2025, raising the rates by as much as 0.13 fils per litre compared to the month of January 2025