Dana gas

Dana Gas reports 53% rise in adjusted net profit for 2022

Revenue rose 17 per cent to reach $529m last year, compared to $452m in 2021

India

India energy firms see growth prospect in Africa and Middle East

State-run energy consultant Engineers India expects to finalise a nearly $25m order for a chemicals and fertiliser plant in Nigeria

COP28

COP28 chief’s Sultan Al Jaber begins global tour

Nations should aim to raise spending on technologies including carbon capture, nuclear power and hydrogen, according to Al Jaber

Oil

Oil extends gain as Saudi Arabia bets on demand rebound in Asia

Saudi Aramco increased most of its prices for crude that will be shipped to its main market of Asia in March

Masdar Office Inaugration in Baku

Masdar opens office in Azerbaijan, aims to support country’s clean energy objectives

Masdar will work closely with the government and other stakeholders in Azerbaijan to accelerate the growth of its renewable energy sector

ADNOC signs deals with 23 companies

ADNOC, 23 companies ink deals for local manufacturing opportunities worth Dhs17bn

Domestic manufacturing of these products will support the ‘Make it in the Emirates’ initiative, stimulate industrial growth and create more jobs for UAE Nationals

Dubai records 5.5% growth in energy demand in 2022

Dubai records 5.5% growth in energy demand in 2022

Energy demand last year reached 53,180 gigawatt-hours, compared to 50,401 gigawatt-hours in 2021

OPEC+ keeps output steady amid uncertainty

OPEC+ keeps output steady amid uncertainty

Oil prices have had a rocky start to 2023, with a rally in mid-January fading away by the end of the month

The UAE and France to jointly focus on decarbonisation of hta industries

UAE, France to jointly focus on decarbonisation of hard-to-abate industries

The bilateral initiative, which will officially launched during COP28, will focus on low-carbon hydrogen and sustainable fuel production and their respective value chains

UAE increases fuel prices for February 2023

UAE increases fuel prices for February 2023

Prices were increased by up to 10 per cent

QatarEnergy acquires 30% stake in Lebanon's offshore exploration blocks

QatarEnergy acquires 30% stake in Lebanon’s offshore exploration blocks

The partnership marks QatarEnergy’s first exploration endeavour in Lebanon

Masdar led consortium to certify pathway to create SAF from methanol

Masdar-led consortium to certify pathway to make SAF from methanol

The consortium has zoned in on the methanol-to-jet pathway as its chosen technology route

Oil steadies as traders look to China, OPEC for fresh triggers

West Texas Intermediate was little changed above $80 a barrel after declining by almost 2 per cent on Tuesday

Oman

Oman Energy firm OQ to sell 49% stake in oil-drilling unit IPO

The IPO could raise as much as $500m

Almosafer

TotalEnergies announces start of gas production from Oman’s onshore Block 10

TotalEnergies holds a 26.55 per cent interest in Block 10, with OQ retaining 20 per cent and Shell holding 53.45 per cent

Power Letters 2023: Nabil Habayeb, SVP – GE, President and CEO – GE International Markets

January 2023 will start with the creation of GE HealthCare, a company which will drive precision health to improve patient outcomes

Masdar

UAE’s Masdar targets $750m bond sale

The firm plans to grow its renewables capacity five-fold by the end of the decade

MOU signing - Mubadala Energy, OMV and PARCO join forces to explore opportunities in sustainable fuels

Mubadala Energy, OMV, PARCO to tap opportunities in sustainable fuels in Pakistan

The companies will explore the possibility of pursuing projects in circular economy initiatives, including plastics production and recycling, sustainable fuels and feedstock

Masdar City

Masdar City, MBZUAI, The Catalyst to promote clean energy and tech, AI in the region

The three entities will explore the development of a new accelerator programme focused on AI to encourage more MBZUAI graduates to start successful businesses

Saudi-Aramco acquires Motiva and launches Aramco Trading Americas

Saudi Aramco acquires Motiva, announces launch of Aramco Trading Americas

The move strengthens Aramco Trading Company’s global operations and extensive portfolio, giving it incremental access to the largest oil refinery in North America

Masdar and Kazakhkistan_ Wind-power--e1670994499306

Masdar to explore set-up of 1 GW wind power project in Kazakhstan

Masdar will work closely with the Kazakhstan Investment Development Fund Management Company and the Kazakh Ministry of Energy on the project

ADNOC begins work on new carbon capture and storage project

Abu Dhabi’s ADNOC begins work on new carbon capture and storage project

Once operational, the project will initially fully sequester a minimum of 18,000 tons per annum of carbon dioxide

Smartworld

UAE’s etisalat by e& named strongest Middle Eastern brand

Tech giant Amazon regained top spot from Apple to become the world’s most valuable brand

Zambia

Zambia signs $2bn solar power development pact with UAE

Construction will be done in phases, starting with the installation of 500 megawatts

Masdar - SOCAR sign renewable energy agreements

UAE’s Masdar, Azerbaijan’s SOCAR to develop renewable energy projects

The agreements will help develop onshore wind and solar projects, and integrated offshore wind and green hydrogen projects, with a combined capacity of 4 gigawatts

UAE - Japan sign agreements to drive energy transition photo WAM

UAE, Japan ink agreements to advance energy transition, tech adoption

These agreements fall within the framework of the comprehensive economic partnership signed by the UAE and Japan in September 2022

ADNOC trials tech to turn mineralise CO2

Abu Dhabi Sustainability Week: ADNOC to trial tech that mineralises C02

The project, which is supported by Masdar and due to commence in Fujairah in January, will use 44.01’s prize-winning CCM technology to eliminate CO2 from the atmosphere

Power Letters 2023: Saif Humaid Al Falasi, group CEO, ENOC

Power Letters 2023: Saif Humaid Al Falasi, group CEO, ENOC

Looking ahead, our efforts and investments across the upstream, midstream and downstream segments of the business will continue to drive our strategy in 2023 and beyond

UAE President, Korea’s Yoon Suk Yeol visit Barakah Nuclear Energy Plant

The two leaders witnessed ongoing operations of Units 1 and 2, the completion of Unit 3, and the progress made on the fourth unit

UAE and US form Expert Group to govern PACE Photo_WAM

UAE, US form ‘Expert Group’ to govern Partnership for Accelerating Clean Energy

UAE and US officials announced that $20bn will be allocated to fund 15 new gigawatts (GW) of clean and renewable energy projects in the US before 2035, led by UAE’s Masdar and a consortium of US private investors