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
Global sales of green bonds hit a record $513bn last year
The virtual cards can be created for single- or multiple-use
Estimates indicate that the reserve of raw gas discovered is between 1.5–2 TSCF
Oil prices soared to a seven-year high above $90 a barrel last month, stirring expectations of a return to triple-digits
Amazon accounted for 20 per cent of a record 31.1 gigawatts of clean power capacity bought by corporations in 2021
The price of Super 98 is set to increase to Dhs2.94 next month
Crude has soared this month as global markets tightened, with top banks and oil companies saying oil may soon pass $100 a barrel
Oil has rallied in the opening weeks of 2022 on the continued recovery in energy consumption
Crude has surged around 14 per cent this year to more than $85 a barrel
Last month, OPEC+ nations managed only two-thirds of their stipulated increase
Etisalat was also named the strongest telecom brand globally
ADNOC said the new entity “intends to closely monitor market conditions and explore potential funding opportunities”