ACWA Power is now valued at $14.2bn, making it one of the biggest listed companies in Riyadh
Crude has gained more than 60 per cent this year as the roll-out of Covid-19 vaccines lifted movement curbs and, subsequently, oil demand
The UAE will spend over Dhs600bn on renewable energy until 2050
Iraq is aiming to increase the percentage of renewables to 20-25 per cent in its power production capacity by the end of the decade
US crude inventories expanded by 2.35 million barrels last week
The adoption of new technologies is set to transform the functioning of the energy and utilities sector as it transitions to a sustainable future
The electricity crisis is roiling energy markets from Europe to Asia
The IPO will be the largest-ever listing on the bourse
This is the first payment in what is expected to be a full-year 2021 dividend payment of Dhs2.57bn
The shortage of natural gas, which has sent prices to the equivalent of $190 a barrel, is spurring a switch to oil products for heating and manufacturing
The competition will be – for the first time in its history – linked to a World Expo
OPEC said on Tuesday that it expects global fuel consumption to fully recover from its pandemic slump by 2023
The consortium is expected to increase job opportunities
Oil has soared this year as the roll-out of vaccines to combat the pandemic aids energy demand
Total gross demand for the IPO amounted to over $34bn
The offer price of Dhs2.30 per share remains unchanged
Benchmark Brent crude is currently trading around $75 a barrel, up 45 per cent this year
The $1.2bn IPO by ACWA Power International had initial demand amounting to several billion dollars
Only by deploying efficient solutions can the world address both the climate crisis and the growing demand for energy and other services
The UAE was looking at sectors including defense, energy and food security
Unit 2 will add a further 1,400MW of clean electricity to the grid when at full capacity
The solar carport covers an area of 7,209 sqm and will produce 1.7 GWh of clean energy annually, offsetting more than 1,205 metric tons of carbon emission
ADNOC Drilling is expected to list on the ADX on or around October 3, 2021
Renewables are on track to overtake fossil fuels as the world’s largest source of electricity within five years
ADNOC Drilling is the largest national drilling company in the Middle East by rig fleet size
Carbon accounting isn’t as rigorous without strong regulations, writes Bloomberg columnist Akshat Rathi
In a first, Pakistani companies will invest in and explore for oil and gas in an Abu Dhabi concession
Price for diesel was reduced to Dhs2.38 per litre from Dhs2.45 in August
The company will migrate from the current SAP business suite to S/4HANA on SAP cloud as part of the digital transformation
The announcement comes within five months of the start of commercial operations of Unit 1