For renewables to become the energy source of choice, battery-industry innovation is a must.
The state-energy firm said the transaction is subject to certain customary conditions, including regulatory approvals
The fourth phase of the solar park is expected to power 320,000 homes and offset 1.6 million tonnes of carbon emissions per year
The partnership will see Masdar taking a stake of up to 49 per cent in Iberdrola’s 1.4GW UK East Anglia 3 offshore wind project
Members of OPEC+ agreed to make additional voluntary outputs in reduction, but the announced cuts were not as deep as expected.
The fuel price committee reduced the retail rates for Super 98, Special 95, and E-Plus 91 by as much as 7 fils per litre in December
OPEC+ is due to hold an online ministerial meeting to discuss 2024 production targets
The fuel price committee reduced the retail rates for Super 98, Special 95, and E-Plus 91 by as much as 0.41 fils per litre in November
The station, located in Masdar City, will produce green hydrogen from water, using an electrolyser powered by clean grid electricity
From the upcoming climate conference in UAE, to inflation numbers in the US, and China’s GDP targets, a look at what the markets are tracking
Oil production tends to vary month by month, making it difficult to fix on a permanent production target
The technology that could emerge from the cooperation would help support the companies’ customers in the Asia-Pacific region
The Minister of Energy said the discovery of the Al-Hiran natural gas field was confirmed after gas flowed from the Hanifa reservoir in the Al-Hiran
Commissioned facilities at South Ghawar can process 300 million standard cubic feet per day of raw gas and 38,000 barrels per day of condensate
The 2GW Al Dhafra Solar Power Plant – located 35 kilometres from Abu Dhabi city – was built in a single phase
The drop in prices comes as concerns around supply disruptions due to the Israel crisis ease along with a reduced demand for China
Cirata is Masdar’s first floating PV project and its first renewable energy project in the Southeast Asian market
The solar facility is expected to reach financial close early next year and connect to the grid in 2025
Net profit declined to $32.6bn for the quarter to September 30 from $42.4bn a year earlier
Shell has supplied 315,000 gallons of blended SAF for use at the airline’s hub in Dubai
The move to the new headquarters follows the approval of APICORP’s 2023-2028 business strategy, which includes a new brand identity
SABIC has attributed the fall in revenue to a downturn in the global petrochemical market which continues to witness weak demand
Based on the voluntary cut, the kingdom’s production in December will be approximately nine million barrels per day
The cooling firm reported a net profit of Dhs685m during the period under review and paid a cash dividend of Dhs425m for the first half of 2023
The deal, signed at the China International Import Expo in Shanghai, is the third long-term supply deal between the two entities
The UAE fuel price committee on Tuesday shared that Super 98 petrol will cost Dhs3.03 a litre; a reduction in the cost of Dhs3.44 a litre in October
The COP28 summit is seen as a crucial opportunity for governments to accelerate action to limit global warming
The fuel price committee increased the retail rates for Super 98, Special 95, and E-Plus 91 by as much as 3 fils per litre in October
The palm oil blended jet fuel is produced by Indonesian state energy firm PT Pertamina
Brent crude oil futures dropped 98 cents, or 1.1 per cent, to $89.50 a barrel