The strategy aims to triple the contribution of renewables to the country’s energy mix by 2030 to reduce the effects of climate change
The pipeline extension will drive further growth as part of the company’s strategy to increase its market share and enhance its customer base
The cost of petrol has slightly increased following a small reduction last month
The drilling company said the awarding of the contracts follows more than $11.5bn in long-term contracts announced since the beginning of 2022
The exits of some players may make it easier for renewable energy companies to raise prices to a sustainable level and to ramp up investment
The awarding of the contracts marks the start of construction work on the petrochemical facility
Countries that import the most oil will have to make the biggest contribution to the fund
The partnership aims to provide eco-friendly electricity to PDG’s data centre in Mumbai for a period of 25 years
The fifth phase of the Dubai solar park is expected to power 270,000 homes and offset 1.18 million tonnes of carbon emissions per year
The company has committed to reducing its carbon footprint by at least a quarter by 2030
The green bonds sale will help fund an effort to boost renewable energy generation capacity five-fold by the end of the decade
With the head of terms agreement announced earlier this year, the 1GW wind project represents ACWA Power’s entry into Kazakhstan
West Texas Intermediate edged higher to trade above $67 a barrel, after losing around 8 per cent over the previous three sessions
The alliance aims to establish national cooperation in decarbonisation efforts, develop frameworks for carbon financing and increase knowledge of the carbon market
Kazakhstan aims to become carbon neutral by 2060 and is targeting renewable electricity generation of 50 per cent by 2050
Barakah’s three commercially operating units are already generating more than 30TWh of zero-emission electricity all year round
The project aims to contribute to the decarbonisation of food production in desert climates by significantly lowering the carbon footprint of the desalination process
The contract covers dredging, land reclamation and marine construction of an artificial island for the Lower Zakum offshore field
The sustainable guarantee issued by the bank will see L&T receive the necessary financial support for the development of wind and solar farms to support green hydrogen generation
In 2022, SAF production tripled to some 300 million litres with project announcements for potential SAF producers rapidly growing
The wind farm will help Egypt meet its strategic objective of sourcing 42 per cent of its energy from renewables by 2030
The rigs will become operational in the fourth quarter of 2023
The 23-nation group offered no additional action to buttress the market, but pledged to maintain their existing oil production cuts until the end of 2024
While the furious expansion of solar generation bodes well for efforts to replace fossil fuels, the breakthrough also exposed flaws in the energy system
The UAE fuel price committee has slightly reduced the rates
Forecasters predict OPEC+ to keep output steady due to demand in China, and the current curbs, should rapidly deplete world inventories
The rigs are being built by Honghua Golden Coast and will progressively enter the fleet from the second quarter of 2024
The project will develop a centralised seawater treatment facility for operations at the Bab and Bu Hasa fields in Abu Dhabi
The green hydrogen production plant is currently being built at Oxagon in Saudi Arabia’s NEOM region
The investment opportunities include new and existing power plants as well as associated power infrastructure with a combined value of more than $3bn