Masdar Azerbaijan solar power

UAE’s Masdar inks deal for mega solar power project in Azerbaijan

The 230-megawatt project is Azerbaijan’s first foreign investment-based independent solar project structured as a public-private partnership

SirajPower signs 7 MWp solar power deal with Al Shirawi Group

The solar rooftop project will produce 10.6 GWh of clean energy annually

Dubai’s ENOC to invest Dhs250m in digital transformation push

ENOC’s growth strategy will focus on enhancing its business and operations through digitalisation

Apollo is said to lead buyout group for $10bn Aramco deal

The buyout firm’s consortium will include US and Chinese investors

Abu Dhabi summit: Regional leaders pledge to accelerate progress on climate action

A total of 11 countries have signed a group statement to ensure the success of the Paris Agreement

Ether reaches record after Visa move, Mark Cuban comments

The digital token for the Ethereum network has nearly tripled this year

Saudis hike oil prices for key Asia market in sign of confidence

Aramco will increase its grades for Asia in May by between 20 and 50 cents a barrel

Oil climbs above $60 as OPEC+ faces critical decision on supply

Data from the US and Asia do bolster the case for OPEC+ to loosen the taps

Injazat, Lamprell announce joint venture for digital energy solutions

JV launches with initial funding of $7m split equally between the partners

Dubai Centre for Waste Processing

Dubai to build one of the world’s largest energy-from-waste projects

A consortium of companies will build and operate the Dhs4bn Dubai Centre for Waste Processing

Abu Dhabi makes bid to create new global oil benchmark

ADNOC began trading Murban futures on an Abu Dhabi exchange on Monday

UAE fuel prices

UAE hikes fuel prices for April 2021

It is the second straight month that prices have risen in the UAE

Kuwait’s state oil company to seek up to $20bn of funding

Oil accounts for 90 per cent of Kuwait’s revenue

Oil bounces back as US supply report hints at demand revival

A US inventory report showed domestic fuel consumption is at the highest in four months

Top UAE power producer joins global peers in renewables push

About 30 per cent of Taqa’s total generation will be made up of solar or wind plants

Abu Dhabi

Abu Dhabi’s Mubadala signs MoU with Snam to explore hydrogen-focused projects

The two entities will carry out technical and economic feasibility studies to explore potential projects promoting hydrogen development in the UAE and elsewhere

Aramco aims to partner with China on blue hydrogen, CEO says

Aramco is looking to work with China on blue hydrogen and ammonia, synthetic fuels and carbon capture utilization and storage

Abu Dhabi utility Taqa to weigh sale of oil and gas assets

Taqa built its oil and gas unit mostly through acquisitions

ADNOC Distribution

UAE’s ADNOC Distribution changes share dividend policy

It confirmed a minimum Dhs2.57bn dividend for 2022

Oil pushes above $66 as China’s recovery aids outlook for bulls

Crude has rallied strongly in the opening months of 2021

Fujairah claims US seized Iraqi oil headed to China

Fujairah International Oil & Gas Corp claims it’s an intermediary seller of the cargo and that it is Iraqi oil

Saudi Arabia vows to protect oil facilities after drone attack

The attack on the kingdom’s Ras Tanura port on Sunday caused a brief spike in oil prices

Qatar ships first oil cargo to UAE since Gulf embargo ended

Qatar loaded about 700,000 barrels of oil onto the tanker Abu Dhabi-III on March 4

Oil slides amid broader commodity rout as volatility returns

A rising currency wiped out a solid surge following an attack on a major Saudi Arabian export crude terminal

Key Saudi Arabian oil site attacked, sending crude prices surging above $71

A storage tank in the Ras Tanura terminal was attacked by a drone while a missile also landed near a residential compound for Saudi Aramco employees in Dhahran

Saudi’s King Salman Energy Park signs tenant agreements with TAQA and AMCO

TAQA to expand its industrial park; AMCO to set up new manufacturing facilities

Saudi Arabia to ship gas to South Korea and take CO2 back

The state-run energy company already uses carbon dioxide to pump more crude out of the ground in a process known as enhanced oil recovery

Dewa Jebel Ali Power Generation and Water Production Complex

Dubai’s DEWA bags Guinness record for largest single-site natural gas power facility

The complex can generate 9,547 MW of electricity

Oman transfers stake in biggest oil block to new energy firm

Energy Development Oman will hold the country’s 60 per cent stake in Block 6

ADNOC Abu Dhabi

UAE’s ADNOC appoints new managing director, restructures to form executive board of directors

Dr Sultan Ahmed Al Jaber has been appointed as managing director of ADNOC, in addition to his current position as CEO