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
The price of Super 98 has been increased to Dhs2.80
The Kuwaiti authority is a founding member of the One Planet Sovereign Wealth Fund Working Group established in Paris in 2017
The company reported revenue of $1.55bn in 2020 and $1.26bn for the first six months of 2021
The partnership will see up to 100 per cent of ADNOC’s grid power supplied by EWEC’s nuclear and solar clean energy sources
Oil is set for a monthly gain in October, building on six quarterly advances
The kingdom will establish a fund to improve carbon-capture technology and back an initiative to develop clean fuels
The kingdom also has plans to export green hydrogen
Oil has more than doubled over the past 12 months as the global economy rebounded from the dislocation caused by the coronavirus pandemic
It involves an investment of SAR700bn, with the minister of energy adding that the initiative will not have an adverse economic impact on oil exporters
The consortium, led by Washington-based EIG Global Energy Partners, may raise at least $4.5bn
The deal reflects Mubadala Capital’s foray into the food and beverage sector, where it invested about $1.8bn in the past seven years alone
The funds were deposited with HSBC in the UAE