red sea

How great is Japan’s reliance on the Middle East energy

Japan plans to cut use of LNG in the power sector to 20 per cent by 2030

Masdar signs 1GW Clean Energy Agreement in Azerbaijan following Presidential Inauguration of Garadagh Solar Park, Largest in the Region Image: Supplied/ Masdar

Masdar signs 1GW clean energy agreement in Azerbaijan

This deal followed the inauguration of the region’s largest operational solar plant, the 230MW Garadagh Solar Park in Azerbaijan

iLNG supply

Italy’s LNG deal with Qatar shows how hard it is to quit gas

Key to natural gas’ staying power in Italy’s generation mix is the country’s high level of industrial energy demand

Red Sea shipping

Russia strikes deal with Dubai’s DP World to develop Arctic sea route

The route is made viable by the melting of Arctic sea ice due to climate change

ARAMCO HYUNDAI GAS FIELD DEAL

Saudi Aramco, Hyundai to set up $2.4bn gas plant in Jafurah

Jafurah is Saudi’s largest unconventional non-oil associated gas field, with reserves estimated at 200 trillion cubic feet

ACWA Power and Dutch Companies sign MoU Image Acwa Power

ACWA Power, Dutch entities to explore green hydrogen export corridor

The parties will collaboratively explore the establishment of a green hydrogen export corridor between ACWA Power’s hydrogen production sites and the port of Amsterdam

 

chevron

Chevron to buy Hess for $53bn in latest oil mega-merger

The combined companies expect to generate about $1bn in cost synergies within a year of its closing

UAE jobs

What are global firms with presence in Israel doing?

As Israel and Gaza have erupted in violence, multinational companies operating in the country have had to scramble to protect their employees while continuing operations

Crude oil market on tenterhooks over OPEC meet. Image credit: Getty Images

Oil prices down as diplomatic moves in Israel-Gaza crisis trim supply-disruption risk

To ease oil supply pressure, the US suspended sanctions on OPEC member Venezuela after a Venezuelan government deal with the opposition

red sea

Strait of Hormuz: The world’s most important oil artery

About a fifth of the volume of the world’s total oil consumption passes through the Strait on a daily basis

israel

Israeli energy sites impacted by the Gaza conflict

The port of Ashkelon and its oil terminal, located a few kilometres from the Gaza strip had been shut since October 7

oil

UAE’s Crescent, Iraq launch deals to develop three oil and gas fields

The Crescent Petroleum contracts are expected to begin producing 400 million standard cubic feet per day of natural gas within 18 months

ADNOC Gas, JERA Global ink multimillion LNG supply deal

ADNOC Gas signs multimillion LNG supply deal with JERA Global Markets

Natural gas continues to play a crucial role as a transitional fuel with lower carbon emissions compared to other fossil fuels

israel gaza crisis global financial markets

Global market reaction to a week of the Israel-Gaza crisis

Oil and gas markets have been where the nervousness has been most evident due to fears that Israel could become bigger

net zero electricity

Interview: Powering economies through net-zero electricity

Grid modernisation, renewable energy integration, and digitalisation help advance the transition to a net-zero electricity grid

OPEC projection for 2024 energy demand - oil

OPEC sticks to 2024 oil demand growth forecast

The report trimmed its forecasts for total world demand in the current quarter and the first three months of 2024

Exxon mobil

Exxon leads in top US oilfield with $60bn buy of shale rival Pioneer

The deal combines the largest US oil company with one of the most successful names to emerge from the shale revolution

kuwait

Kuwait seeks to boost oil production, pushes on with Durra gas field

Oil Minister Saad Al Barrak said the state firm aimed for net zero carbon emissions by 2050

Masdar, MIDA to develop energy projects in Malaysia

Masdar to develop 10GW renewable energy projects in Malaysia

The partnership marks an important milestone in the pursuit of a sustainable and greener future for Malaysia

coal mine

Coal industry faces 1 million job losses from global energy transition: Report

Hundreds of coal mines are expected to close in the coming decades as countries transition to low-carbon energy sources

Abu Dhabi’s oil champion ADNOC bets on global expansion

Insights: Abu Dhabi’s oil champion ADNOC bets on global expansion

The company’s board brought forward to 2027 plans to up production capacity to five million barrels per day and approved a capital spending of $150bn

Israel crisis hits oil prices

Oil prices jump as Israel-Palestine crisis rattles markets

The eruption of the Israel-Palestine crisis threatens to derail US efforts to broker a rapprochement between regional powers

DEWA’s COP28 stand to focus on sustainability

DEWA’s COP28 stand to showcase sustainability projects

The stand will be located in the Green Zone and it will highlight the company’s efforts in energy, water and renewables

Exxon mobil

Exxon Mobil’s megadeal in Permian Basin to test climate-aware shareholders

The deal puts focus on the Permian and signals Exxon is sticking to its fundamental business

ADNOC awards multibillion gas expansion contracts

UAE’s ADNOC awards multibillion gas expansion contracts

The company is increasing gas production as consumers around the world look to switch from crude and coal toward cleaner burning fuel

UAE unveils first wind power plants ahead of COP28

UAE inaugurates first wind power plants ahead of COP28

The clean energy project is expected to power more than 23,000 homes a year and displace 120,000 tonnes of carbon dioxide

ADNOC Distribution to use biofuel for its UAE vehicle fleet

ADNOC Distribution to use biofuel to power its UAE vehicle fleet

The company’s fleet plays a crucial role in supplying fuels and liquefied petroleum gas to corporate customers

oil

OPEC+ panel holds oil policy steady as Saudi Arabia, Russia keep cuts

Saudi Arabia, Russia will continue with their respective production cuts in a bid to “balance the global oil market”

Qatar foundation stone laid for North Field Expansion Project Image courtesy QatarEnergy

Qatar begins work on major gas field expansion project

Along with LNG, the North Field expansion project will produce 6,500 tonnes per day of ethane gas, which will be used as feedstock in petrochemical industries

ADNOC, Occidental to build DAC facility in UAE

ADNOC, Occidental to advance direct air capture project in UAE

The energy firm is testing the world’s first fully sequestered CO2 injection well in a carbonate saline aquifer in Abu Dhabi