The company said a state of emergency has been declared but no leakage of poisonous gas was detected at the site of the oil spill
High US exports have also contributed to ample levels of supply
We are currently partnering with global industrial service and supply chain providers to disrupt business models in the energy sector
The company’s full-year net profit surged by 22 per cent year-on-year to Dhs2.74bn while its revenues rose by 54 per cent to Dhs32bn
The company’s declared a dividend of $19.5bn for the final quarter of 2022, a 4 per cent increase compared to the previous three-month period
The plant would support the Republic of Côte d’Ivoire’s goal of 42 per cent of its energy mix coming from renewable sources by 2030
The plant is expected to startup in 2026
The deal comes amid expectations of lucrative business opportunities in Saudi Arabia and the Middle East
The expo aims to support Africa’s COP27 climate commitments and align with the Africa Power Vision by bringing together key energy stakeholders
Prices for US customers were left unchanged
The UAE and Italy signed an MoU to aid cooperation in the field of emissions reduction, new energy technologies, and low-carbon solutions
The company increased the number of ordinary shares offered in the IPO to 3.8 billion on Monday, implying market capitalisation of Dhs182bn
The use of hybrid power land drilling rigs is an essential element of ADNOC Drilling’s decarbonisation strategy
The project marks ACWA Power’s entry into the Central Asian country with an initial investment of $1.5bn
The Gulf states are accelerating the decarbonisation of their energy sectors by investing heavily in renewable energy
The transaction expands Aramco’s lubricants business globally
SABIC, which is majority-owned by Saudi Aramco, said average sale prices dropped 9 per cent from the previous quarter.
Petrol prices will marginally increase, while the price for diesel has been cut
Abraj will construct three drilling platforms in the Wafra oilfield in the southern part of Kuwait as part of the deal
The Baynouna Solar Park produces over 560 gigawatt-hours of energy annually – enough to power 160,000 homes
Tawazun said the solar park is expected to produce 7.1 million kilowatt-hours of clean energy in the first year of operation
When fully operational, the plant will prevent 22.4 million tonnes of carbon emissions every year
ADNOC is selling a 4 per cent stake in ADNOC Gas, with each of the 3.07 billion shares being offered at between Dhs2.25 and 2.43
The kingdom wants to use its energy windfall to accelerate projects that contribute to weaning it off a reliance on oil
The kingdom’s energy minister reiterated that the group’s policies are determined by technical studies of market balances
The shipment of 137,000 cubic meters of LNG can produce enough electricity to supply approximately a quarter million German homes for a year
The deal includes a downstream portfolio of 240 fuel retail stations, more than a 100 convenience stores, and over 250 lube changing stations
The entities signed the agreement during the World Government Summit to support investments in emerging markets related to climate mitigation and adaptation, the adoption of clean technologies, and food security
The framework will look at accelerating the adoption of distributed photovoltaic systems, and the development of innovative new technologies and business models in emerging markets
ADNOC Drilling reported that its full-year earnings before interest, taxes, depreciation and amortisation touched $1.23bn