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
The fuel price committee increased the price of Super 98 to Dhs3.14 from Dhs3 in July
West Texas Intermediate held above $80 a barrel after a run of five weekly gains that lifted prices to the highest since April
West Texas Intermediate edged below $80 a barrel on Friday
West Texas Intermediate traded near $79 a barrel, after slipping 1.1 per cent on Wednesday
The wind farm will have an anticipated annual production capacity of 1.9 terawatt-hours, enough to power 475,000 homes
The deal facilitates knowledge sharing between the two entities while exploring potential joint investments in upstream projects
The lending group also included First Abu Dhabi Bank acting as lead arranger
The G-20 energy ministers’ meet in Goa is intended to lay the ground for a leaders’ summit in September and offer an opportunity to reinvigorate sluggish energy diplomacy
The deal represents the continued growth of Aramco’s downstream presence in China
Geothermal power plants are carbon-free and can operate any time, making them a critical part of a 100 per cent carbon-free electric grid
Saudi Arabia is focusing on clean hydrogen production and transportation as it seeks to transition its economy and energy mix