ADNOC intends to integrate its domestic and global portfolio of projects in low-carbon ammonia, more than doubling Fertiglobe’s ammonia project capacity
The weaker outlook highlights the dilemma faced by OPEC+, which is planning to start raising output in December
Emerge, a JV between Masdar and EDF Group, will install a large-scale solar PV system and battery energy storage system at Etihad Rail’s Ghuweifat freight terminal
The partnership reflects ADNOC L&S’s ongoing role in supporting the energy transition, while also fostering robust industrial collaborations between the UAE and China
The deal, set to commence in April 2025, will see up to 18 million tonnes of naphtha delivered to Shell
Global gas demand is forecast to rise by more than 2.5 per cent in 2024, with similar growth expected in 2025, according to IEA’s latest report
The solar initiative, set to generate a total of 39 megawatts peak (MWp) of clean energy, will see the installation of 62,904 solar panels across both DWC and DXB
The company has now secured a total of $1.85bn in green financing since 2023, supporting its ongoing decarbonisation efforts and expansion of its low-carbon energy portfolio
The group OPEC+ is cutting output by a total of 5.86 million bpd, or about 5.7 per cent of global demand, in a series of steps agreed since late 2022
UAE energy minister said OPEC+ has sacrificed more than others but the critical element is that it is staying together
The ambitious initiative comprises the Samarkand and Kungrad projects, which together have 2.5GW of generation capacity and 968MW of battery energy storage systems
The deal marks a cornerstone for ADNOC’s plans to grow its petrochemicals business along with gas and renewable energy
These projects, valued at $3.2bn, aim to generate a combined capacity of 5.5GW of solar power for Saudi Arabia
The company will look at potential new opportunities with current partners, such as Endesa and Iberdrola
Oil prices are down nearly 5 per cent so far this year, amid increasing supply from other producers, especially the US
The Onshore Block 2 concession in Al Dhafra covers an area of 7,320 square kilometres, with PETRONAS holding 100 per cent of the exploration rights
Saudi Arabia is preparing to abandon its unofficial price target of $100 a barrel for crude as it prepares to increase output, cites a report
OPEC expects world oil demand to reach 118.9 million bpd by 2045, which is around 2.9 million bpd higher than earlier projections
The 5-year bond has price guidance of Treasuries plus around 120 basis points (bps) and the 10-year bond has Treasuries plus about 135 bps
The deal consists of a portfolio of 745 megawatts (MW) of predominantly wind assets – 538 MW in Spain, 144 MW in Portugal and 63 MW solar PV assets in Spain
Announced during the 79th United Nations General Assembly, the initiative seeks to elevate the climate ambitions of these nations and drive urgent action on sustainability
The contract was signed under the existing long-term agreement with oil giant Saudi Aramco
Aramco is seeking to strengthen its position in the LNG market, which is set to grow by 50 per cent globally by the end of the decade
The offshore EPC contract will help boost production at the North Field offshore natural gas field, which lies off the northeastern coast of Qatar
The integration aims to scale TAQA’s customer-facing business, enabling the company to expand its services, introduce new products, and explore growth opportunities both locally and abroad
The projects will bring AMEA Power’s total capacity in Egypt to 2,000MW of solar and wind power, accompanied by 900MWh of battery energy storage systems
The renewable energy firm signed a US dollar-denominated 25-year PPA for a 1 GW solar power plant and 100 MW battery storage project
Bapco Energies and BlackRock signed another MOU to explore Bahraini infrastructure and decarbonisation projects in the future
Mubadala Energy completed the appraisal of the Layaran discovery in South Andaman, marking the safe conclusion of its drilling campaign
Lavrov arrived in Saudi Arabia on an official visit on Sunday