Enoc Dubai

ENOC Group to open 14 compact stations in Dubai

The first compact station opened at Dragon Mart 2 earlier this month

DEWA NEW CENTRE

Dubai’s DEWA inaugurates new visitor centre in fourth phase of mega solar park

The 950MW fourth phase of the Mohammed bin Rashid Al Maktoum Solar Park has investments totalling Dhs15.78bn based on the IPP model

ADNOC board approves Dhs466bn spending plan for 2022-26

ADNOC also announces an increase in national reserves of 4 billion STB of oil and 16 trillion SCF of natural gas

UAE reduces fuel prices for December 2021

The price of Super 98 has been eased to Dhs2.77

Climate change: What is the GCC’s role in this equation

The region needs to capitalise on the economic benefits of the sustainable energy industry

Abu Dhabi UAE government

UAE says ‘no logic’ to OPEC+ increasing oil production faster

The Organization of Petroleum Exporting Countries and its partners next meet on December 2

Oil steadies as global release of strategic reserves underwhelms

Futures in New York traded above $78 a barrel after rising 2.3 per cent on Tuesday

OPEC+ warns of response as Biden poised for oil reserve release

The Organization of Petroleum Exporting Countries and its allies will meet on December 2

Enoc Dubai

UAE’s ENOC signs agreement with Egypt’s Royal Marine Services

The agreement will enable Royal Marine Services to distribute ENOC’s marine lubricants in Egypt

Oil extends drop as investors assess reserve release, Covid wave

Oil rallied to the highest level since 2014 in October but has faltered over the past month

Reliance pulls plan to sell oil-to-chemicals stake to Aramco

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

UAE pushes ahead with $20bn gas project to boost exports

ADNOC is among several major state oil companies increasing production of gas as consumers try to switch away from crude and coal

Abu Dhabi’s ADNOC, TAQA form global green energy joint venture

The partnership will create a clean energy giant, with a total generating capacity of at least 30 gigawatts of renewable energy by 2030

Here’s how digital technologies will change energy storage

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

Abu Dhabi’s ADNOC announces $6bn investments to foster drilling growth

The investments are in the form of procurement awards to contractors

OPEC+ will probably stick with oil-production strategy, says UAE

Crude has soared around 60 per cent to more than $80 a barrel this year

GCC low-cost producers are better positioned to weather the energy transition

Players in the region will have more time to adjust to the impact of the energy transition

ADNOC Drilling

UAE’s ADNOC Drilling reports net profit of $460m for first nine months of 2021

Its revenue increased 12 per cent year-on-year in the first nine months of 2021 to $1.7bn

Abu Dhabi’s ADNOC Distribution posts net profit worth Dhs1.7bn for first nine months of 2021

It recorded a net profit of Dhs529m for the third quarter of 2021

Qatar orders six gas ships from South Korea to boost exports

LNG is seen as an important substitute for fuels such as oil and coal

UAE says oil prices would be even higher if it wasn’t for OPEC+

Brent crude’s climbed 62 per cent this year to almost $84 a barrel

Key factors that are driving growth within the polymer industry

Packaging is expected to remain the largest category in the polymer market for the foreseeable future

Saudi Aramco raises oil prices sharply after OPEC+ sticks to output plan

Saudi Arabia sends more than 60 per cent of its crude exports to Asia

Oil extends losses as US stockpiles expand before OPEC+ meet

Nationwide US crude inventories increased by 3.29 million barrels last week

Abu Dhabi

UAE, IRENA launch $1bn platform to finance renewable energy transition

The UAE has committed $400m in funding, provided by the Abu Dhabi Fund for Development, for the Energy Transition Accelerator Financing Platform

Dubai announces plans to list utility DEWA in the ‘coming months’

The utility has projects valued at around Dhs86bn that are planned to be commissioned in the next five years

OPEC made only half of planned supply hike amid African losses

The combination of a recovery in fuel consumption after the pandemic and constrained supply has led to a global energy crunch

Oil drops at start of key week as Biden boosts pressure on OPEC+

Crude has soared this year, with production trailing supply as the global economy recovered from the impact of the pandemic

Saudi Aramco earnings surge on higher oil output and prices

The world’s biggest crude producer’s third-quarter profit climbed to $30.4bn