Sharjah National Oil Corporation

Sharjah National Oil Corporation begins gas production at Mahani

Production begins a year after the discovery of gas in the field, touted as the first new onshore find in Sharjah in nearly four decades

Abu Dhabi’s ADNOC Distribution to acquire 15 fuel stations in Saudi for $10m

The stations, located in the eastern region, with sites on both the highway and within communities, will be refurbished

Saudi Arabia’s ACWA Power to build wind park in Azerbaijan

Azerbaijan plans to increase the share of clean energy in electricity generation to 30 per cent over the next decade

UAE announces fuel prices for January 2021

This is the 10th consecutive month that prices have stayed unchanged

Digitalisation of oil and gas could unlock up to $2.6 trillion by 2025: DHL

Growth is expected to be subdued until at least till end 2021, report says

Saudi Arabia announces discovery of four new oil and gas fields

Saudi Aramco is continuing to work on determining the size and volume of discovered fields

UAE sees gradual oil demand recovery in 2021 – minister

Rollout of coronavirus vaccines and improvement in ties between the US and China are likely to improve demand for oil

How should cities in MENA region plan their next development cycle

The impact of the Covid-19 pandemic on the future development of cities in the MENA region is set to be significant

Abu Dhabi’s Aldar to sell two district cooling assets for Dhs963m

The transaction is expected to complete in the first quarter of 2021

Oil slips with new coronavirus strain threatening fuel demand

More than 40 countries are restricting flights and effectively isolating the UK

UAE’s Taqa confirms financial closing for Al Dhafra solar power plant

Upon full commercial operation, the plant is expected to reduce Abu Dhabi’s CO2 emissions by more than 2.4 million metric tons per year

Oil falls below $48 with virus mutation raising lockdown risks

The mutation comes as vaccines are being rolled out in several countries and as the US closes in on a stimulus plan

OPEC+ will react faster, be more hands-on with oil market, Saudi, Russian officials say

Saudi Energy Minister met in Riyadh on Saturday with Russian Deputy Prime Minister

Oil rally pauses after report points to rising US stockpiles

US gasoline stockpiles expanded by 828,000 barrels last week

Blast at Saudi Port hits oil tanker as Red Sea attacks mount

No group or country claimed responsibility for Monday’s attack

How is the GCC’s alternative energy industry faring?

Environmental concerns are propelling the usage of alternative energy for a sustainable future, opines Antonio Cuccarese, business development manager, Metito

Abu Dhabi’s ADNOC, ExxonMobil sign agreement to explore R&D opportunities

ADNOC and ExxonMobil will identify areas of mutual interest for conducting R&D and co-developing technology solutions

UAE taps Occidental to boost oil capacity as OPEC cuts rankle

The Supreme Petroleum Council last month approved a $122bn budget to help ADNOC boost production capacity by a fourth to 5 million barrels a day by 2030

Unit 1 of UAE’s Barakah nuclear energy plant achieves 100% power capacity

The Barakah Nuclear Energy Plant is the largest source of clean baseload electricity in the country

Saudis raise crude price to Asia as vaccines buoy oil market

Aramco also increased pricing for light crude grades to the Mediterranean region

Oil market receives boost as OPEC+ agree to gradual output hike

Members have decided to add 500,000bpd of production to the market next month, then hold monthly meetings to decide on subsequent moves

ADNOC reportedly eyeing acquisition of offshore oil services firm

Zakher Marine International is working with Bank of America as it weighs its strategic options, including a sale

Oil extends drop as OPEC+ struggles for consensus on output plan

Oil has just capped its biggest monthly increase since May on optimism energy demand will rebound as Covid-19 vaccines are rolled out in the coming weeks

Dubai Electricity

Dubai’s DEWA slashes water and electricity surcharges

The reductions will be applied on electricity and water bills from December 1, 2020

UAE announces fuel prices for December 2020

Prices have remain unaltered for the ninth straight month

Dubai gets Arab Gulf’s first, and perhaps last, coal power plant

Dubai is starting up the $3.4bn Hassyan coal plant, with capacity being increased from an initial 600 mega watts to 2,400 by 2023

Mohammed bin Rashid Al Maktoum Solar Park

Dubai’s Mohammed bin Rashid Al Maktoum Solar Park to have world’s largest energy storage capacity

The fourth phase will be operational in stages starting from Q3 2021

Revealed: Winners at the 2020 Gulf Business Awards

The awards acknowledged champions from across the region’s business spectrum

Oil tanker owner says ship attacked in Saudi Arabian Red Sea

The vessel, able to haul about 700,000 barrels of oil, was holed about 1 meter above the waterline

Dubai’s Al Ghurair Group partners with SirajPower for solar power projects

SirajPower to install a 1.8 MWp solar rooftop plant at Gulf Extrusions factory