The International Renewable Energy Agency (IRENA) now has 160 participating countries.
The Abu Dhabi National Energy Company has acquired an interest in Himachal Sorang Power Limited for an undisclosed sum.
The French President will meet Sheikh Khalifa bin Zayed al-Nahayan to help Total win a $10 billion deal.
Abu Dhabi-listed Dana reached an agreement with creditors to amend terms of a $920 million Islamic bond.
The acquisition of the 205.5MW Lakefield wind project in Minnesota is expected to close in Q1 2013.
Oil minister Mohammed al-Hamli said he hopes production capacity will reach 3 million bpd this year.
A feasibility study is currently being carried out on the proposed project.
Oil prices in 2013 are expected to be similar to prices in 2012, says UAE energy minister Mohammed Dhaen Al Hamli.
Turkey is planning to build an LNG terminal on the Gulf of Saros to meet increasing demand.
The project, located in Turkey’s Afsin-Elbistan region, is expected to start production in 2018.
Abu Dhabi National Energy Co(TAQA) confirmed that production was expected to begin in 2013.
Brent crude prices were also buoyed by promising data from top energy consumer China.
A power cut on Saturday has forced the refinery to stop all operations.
Saudi oil minister Ali Naimi confirms that the natural gas field will start production within “short period.”
As US crude production rises, is OPEC’s influence on global oil markets in danger of waning?
President Barack Obama plans to hold budget talks on Thursday aimed at averting the so-called fiscal cliff.
The East Siberia-Pacific Ocean (ESPO) pipeline aims to expand sales to the US and cement Russia’s place as a dominant force on international crude markets.
Investors are hoping for a last minute deal in the US to avert the so-called fiscal cliff.
If unresolved, the US “fiscal cliff” budget crisis could erode oil demand in the world’s top consumer.
The plant, located in Jubail, is expected to start production in the second half of 2014.
Midyan, developed by Saudi Aramco, is expected to start production in 2013.
As the White House edges closer to a resolution, investors pour cash into oil and equities.
Caisse des Depots and ADIA come together to bid for TIGF business.
The credit facility was increased from the 7 billion riyals initial target amount.
The 400,000 barrels per day refinery is due to be fully operational in the third quarter of 2013.
Technical failure brought oil flow to a halt on December 8, and again on Saturday.
The British oil company was originally excluded from the process after not receiving a qualifying letter.
The US Federal Reserve announced plans for more monetary stimulus on Wednesday.
The Al Ghurair group owns half of Ras Lanuf, Libya’s biggest refinery.
The gas producer defaulted on its $920 million sukuk that matured on October 31.