Oil prices rose above $90 a barrel for the first time in 2023 on the back of the announcements made by Saudi Arabia and Russia
Petrobras is looking at investing in a biofuel project currently being developed by Mubadala Capital in the State of Bahia, Brazil
ACWA Power signed the strategic cooperation agreements at the Saudi-Italian Investment Forum held in Milan on September 4
Since July, the kingdom has pledged to implement a unilateral production cut of one million barrels a day on top of existing curbs
The world’s third largest oil importer has increased its purchase of oil from Saudi Arabia
The fuel price committee increased the retail rates for Super 98, Special 95, and E-Plus 91 by as much as 28 fils per litre in September
The innovation is part of the company’s efforts to promote the technologies of energy production and storage
Around 86 per cent (187 gigawatts) of all the newly commissioned renewable capacity in 2022 had lower costs than fossil fuel-fired electricity
This move acknowledges IRENA’s leading role in accelerating the global, renewables-based energy transition
Japan’s Prime Minister Fumio Kishida confirmed the process will start on August 24 after a meeting of a cabinet panel
The current crunch highlights a dilemma that nations have in phasing out oil refineries as they try to transition away from fossil fuels
The LNG supply deal is valued at between $450m to $550m and builds on the bilateral relationship between the UAE and Japan
The fund aims to play a pivotal role in helping achieve the ambitious industrial development agenda of Saudi Arabia as it transforms its economy
Leveraging geothermal heat for district cooling operations has the potential to reduce electricity demand helping decarbonise an energy-intensive sector
The total capacity of the solar energy projects commissioned at the Mohammed bin Rashid Al Maktoum Solar Park has reached 2,427MW
For the first six months of 2023, the utility giant reported a net profit of Dhs2.7bn
Operating income — before impairment, loss and other expenses — for the six-month period stood at SAR1,289m
The project seeks to increase ethane extraction from the company’s existing onshore facilities in the Habshan complex
Oil has rallied since late June following pledges by OPEC+ countries Saudi Arabia and Russia to cut supply
The 500MW Bash wind farm project is located in the Bukhara region of Uzbekistan
The collaboration aims to reduce emissions and enhance sustainable agriculture, environmental health, and biodiversity in the UAE
This bond is the first part of a programme to raise up to $3bn to meet Masdar’s equity funding commitments on new renewable energy projects
The world’s largest oil company reported that it had paid out a base dividend for Q1 2023 of $19.5bn in the second quarter, which was up 4 per cent year-on-year
Brent crude oil prices, which are used for gas pricing, decreased by nearly 31 per cent during the period under review
It’s the second time the kingdom has extended the oil production cut, which was first announced in June after a meeting of the OPEC+ countries
The first gas from Absheron was successfully delivered in early July 2023
The completion is anticipated by the end of the calendar year, subject to regulatory approvals and satisfaction of customary closing conditions
The partnership will assess the joint development of direct air-capture plants in the UAE that can absorb carbon dioxide out of the sky
West Texas Intermediate was little changed below $82 a barrel after surging 16 per cent in July
The companies will join hands to develop renewable energy projects in Pahang, Malaysia