Construction of the solar power plant is expected to begin by the end of this year
Sheikh Mohamed stressed the need for a peaceful solution to the Ukraine crisis in a way that maintains the interests and national security of all parties
It is the second straight month that fuel prices have risen
Bahrain produces about 200,000 barrels a day
Saudi Aramco has discovered the five fields that can produce over 100 million cubic feet per day of natural gas in total
The Organization of Petroleum Exporting Countries and its partners meet on Wednesday to decide production targets for April
OPEC+ meets on March 2 to decide on output for April
Gas is a cleaner fuel than crude oil
Russia is a key supplier of energy to global customers
Crude prices have surged around 20 per cent this year
Power sector investments in the MENA region are also expected to continue to thrive, with an accelerating shift towards renewables
Energy supplies are struggling to keep up with a robust economic recovery
Hydrogen is considered a promising replacement for fossil fuels in the energy transition
The framework agreements cover ADNOC’s onshore and offshore fields and will run for five years with an option for an extension
The company, a joint partnership between Abu Dhabi’s ADNOC and the Netherlands-based OCI, reported a revenue rise of 113 per cent to $3.31bn in 2021
Borouge manufactures plastics used in everything from automobiles and food packaging to medicine vials and piping systems
The field could contain around 100 million barrels in reserves
The solar photovoltaic park, developed by Nadec and French energy company Engie, is estimated to lower carbon emissions by 53 million kg per year
Crude surged to the highest since 2014 last week
The government will still be the largest shareholder in Aramco
Green building strategies can be used to design and build healthy, comfortable, cost efficient and environmentally friendly living and working environments
The group’s revenue was Dhs45.7bn, 11 per cent higher than the previous year
Revenue for the full year was $1.14bn, up 6 per cent over 2020, largely driven by new rigs and rig reactivations
OPEC and its partners are trying to gradually restart production halted during the pandemic
Oil has rallied over the past seven weeks to the highest level since 2014
No final decision has been made
The UAE became the first Gulf state to commit to neutralising planet-warming emissions within its borders, which it aims to do by 2050
Oil futures have soared to the highest level in seven years in the opening weeks of 2022
The Dubai Supreme Council of Energy approved updated plans for the programme that will help the UAE meet its net-zero goal by 2050
Oil has rallied on improving demand and supply outages, putting $100 a barrel within reach