The first compact station opened at Dragon Mart 2 earlier this month
The 950MW fourth phase of the Mohammed bin Rashid Al Maktoum Solar Park has investments totalling Dhs15.78bn based on the IPP model
ADNOC also announces an increase in national reserves of 4 billion STB of oil and 16 trillion SCF of natural gas
The price of Super 98 has been eased to Dhs2.77
The region needs to capitalise on the economic benefits of the sustainable energy industry
The group meets on December 2
The Organization of Petroleum Exporting Countries and its partners next meet on December 2
Futures in New York traded above $78 a barrel after rising 2.3 per cent on Tuesday
The Organization of Petroleum Exporting Countries and its allies will meet on December 2
The agreement will enable Royal Marine Services to distribute ENOC’s marine lubricants in Egypt
Oil rallied to the highest level since 2014 in October but has faltered over the past month
Reliance and Aramco had signed a non-binding letter of intent in August 2019 for a potential 20 per cent stake in Reliance’s oil-to-chemicals unit
ADNOC is among several major state oil companies increasing production of gas as consumers try to switch away from crude and coal
The partnership will create a clean energy giant, with a total generating capacity of at least 30 gigawatts of renewable energy by 2030
The energy sector has now truly entered the digital power era, says Charles Yang, SVP of Huawei and president of Global Marketing, Sales and Services at Huawei Digital Power
The investments are in the form of procurement awards to contractors
Crude has soared around 60 per cent to more than $80 a barrel this year
Players in the region will have more time to adjust to the impact of the energy transition
Its revenue increased 12 per cent year-on-year in the first nine months of 2021 to $1.7bn
It recorded a net profit of Dhs529m for the third quarter of 2021
LNG is seen as an important substitute for fuels such as oil and coal
Brent crude’s climbed 62 per cent this year to almost $84 a barrel
Packaging is expected to remain the largest category in the polymer market for the foreseeable future
Saudi Arabia sends more than 60 per cent of its crude exports to Asia
Nationwide US crude inventories increased by 3.29 million barrels last week
The UAE has committed $400m in funding, provided by the Abu Dhabi Fund for Development, for the Energy Transition Accelerator Financing Platform
The utility has projects valued at around Dhs86bn that are planned to be commissioned in the next five years
The combination of a recovery in fuel consumption after the pandemic and constrained supply has led to a global energy crunch
Crude has soared this year, with production trailing supply as the global economy recovered from the impact of the pandemic
The world’s biggest crude producer’s third-quarter profit climbed to $30.4bn