Masdar Green REIT signs green financing commitment with First Abu Dhabi Bank

FAB will act as sole mandated lead arranger and bookrunner, green loan coordinator and account bank for this transaction

Cafu Sirajpower Creek renewable energy

Cafu partners with SirajPower for on-demand transportable lithium-ion batteries in UAE

The battery storage systems used by Hypr will be developed by SirajPower, a Creek portfolio company with over 200 solar sites across the UAE

Dwindling OPEC+ spare capacity sets oil up for sizzling summer

Last month, the 10 OPEC nations in the accord managed only 60 per cent of their stipulated 250,000 barrel-a-day increase

Kuwait discusses steps to lower emissions as temperatures rise

Kuwait has pledged to reduce greenhouse gas emissions 7.4 per cent by 2035

Abu Dhabi’s Masdar to explore renewable energy export from Indonesia to Singapore

Singapore is looking to import as much as 4 GW of low-carbon electricity by 2035

Crude markets run hot in Asia as Omicron fails to dent demand

Brent futures have soared in the opening weeks of 2022, reflecting the underlying bullishness on display in the physical markets

Abu Dhabi’s Taqa and EWEC price first green bond linked to solar PV plant

The $700m placement is the largest green bond issued in the region

Saudi oil minister says he’s unconcerned about rise in prices

Brent crude’s climbed 11 per cent since the end of December to above $86 a barrel

Mohammed bin Rashid Al Maktoum Solar Park

Production in Dubai’s Mohammed bin Rashid Al Maktoum Solar Park increases to 330MW

The clean energy share is currently 11.38 per cent of Dubai’s energy mix, and will reach 13.3 per cent in Q1 2022

Oil extends gain after weekly advance on tightening market

Oil has rallied more than 10 per cent so far this year

Dubai World Trade Centre confirms 25 events for Q1 2022

Its exhibition season will kick off with Intersec which will be followed by other key events including Gulfood and World Art Dubai

Apicorp and IsDB partner in $1bn infrastructure financing initiative

The joint ‘Infra Initiative’ aims to incentivise more private sector investments and mobilise funding for utility projects

Oil extends biggest gain this year as Powell sparks broad rally

Oil has roared higher in the opening days of the new year as concerns about the pandemic, especially the impact of the omicron variant, have eased off

SEWA completes nine new power plants in Sharjah last year

It undertook a number of development projects and network improvements worth over Dhs480.8m in 2021

Dubai Electricity and Water Authority DEWA

DEWA commissioned 1,310 11kV distribution stations in Dubai in 2021

These stations are mainly spread across Mohammed bin Rashid Gardens, Airport City, Wadi Al Safa, and Al Yafra 2

Oil rides into 2022 on bullish wave as demand fears fade

Movements in the price of oil are felt more keenly and quickly than any other commodity

Dana gas

Dana Gas reports 2021 collections from Egypt and Kurdistan of $377m

It marked a 107 per cent year-on-year rise over the $182m it received in 2020

Saudi Arabia cuts oil prices for Asia buyers as OPEC adds supply

On Tuesday OPEC+ decided to increase production in February by 400,000 barrels a day

Manchester City announces global partnership with Abu Dhabi’s Masdar

Masdar is focused on developing renewable energy projects across the Middle East and North Africa and broader international markets

OPEC output boost severely limited as African members struggle

The Organization of Petroleum Exporting Countries added just 90,000 barrels a day in December

ADNOC Umm Shaif

ADNOC awards $946m contract for UAE’s Umm Shaif field

The contract was awarded by ADNOC Offshore to National Petroleum Construction Company following a tender process

Power Letters 2022: Saif Humaid Al Falasi, group CEO, ENOC

Our plan has been to lead as an example in the energy sector on how a retail energy service provider can showcase advances in the sustainable use of energies

OPEC+ output is coming back much quicker

On Tuesday, OPEC+ agreed to hike output by 400,000 barrels per day

OPEC picks Kuwait’s Al-Ghais as next top diplomat

Haitham al-Ghais – whose three-decade oil industry career includes stints in Beijing and London – will become the group’s secretary-general in August

OPEC sees tighter first quarter as it considers output hike

It sees a surplus of 1.4 million barrels a day in the first three months of 2022

OPEC+ seen reviving output in sign of confidence for 2022 demand

The 23-nation alliance is likely to proceed with another modest monthly hike of 400,000 barrels a day as it restores production halted during the pandemic

Qatar capital Doha

Qatar pushes Gulf Arab energy company borrowing to record high

Gulf Arab energy firms borrowed $30.5bn in 2021, the highest level in at least 25 years

Abu Dhabi’s Masdar to develop Georgia’s largest solar power plant

Georgia, which primarily relies on hydropower for electricity generation, is looking to enhance its energy security and diversify its energy mix

UAE’s Dana Gas receives $39m from Egypt in December

Dana Gas has invested over $2bn since first entering Egypt in 2007

Abu Dhabi’s ADNOC, Taqa announce $3.6bn project to decarbonise offshore operations

The project is expected to reduce the carbon footprint of ADNOC’s offshore operations by more than 30 per cent