The solar project, which will be developed in phases, will generate up to 1.25 GW at peak using 2 million bifacial solar panels
This initiative aligns with Saudi Arabia’s National Transport and Logistics Strategy, aiming to promote the use of modern technologies in transportation
Third quarter revenues reached Dhs3.975bn, up 110 per cent from the corresponding period of 2023, the company reported
Maaz Qureshi, vice president of Digital Business at ADNOC Distribution, says the company is investing in AI-powered solutions to drive operational excellence
Oil prices rose on Monday following last week’s decline amid worries about weak demand in China
Saudi Arabia is the number two oil exporter to China behind Russia and holds stakes in some Chinese refiners
The company is the largest producer of nitrogen fertilisers in the MENA region, with plants in the UAE, Egypt and Algeria
The wind farm will have an anticipated annual production capacity of 1.9 terawatt-hours (TWh), enough to meet energy demands of 475,000 homes
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