The agreement outlines the collaboration between the two entities to develop modern technologies in the energy sector
The whole world is trying to figure out a greener energy mix. But as Majid Jafar, the CEO of Crescent Petroleum points out, this can’t be achieved without fossil fuels and, more particularly, cleaner natural gas.
Liquefied natural gas exports from the US outpaced those from Qatar and Australia, according to latest tanker tracking data
The fuel price committee has reduced the retail rates for Super 98, Special 95, and E-Plus 91 for January
Data indicates that fuel prices in the UAE rose steadily during the summer months but that they have tailed back slightly towards the end of 2023
The fuel price committee reduced the retail rates for Super 98, Special 95, and E-Plus 91 by as much as 0.7 fils per litre in December
Further attacks on ships in the Red Sea prompted fears of shipping disruptions and on hopes of interest rate cuts that could boost economic growth and fuel demand
Brent crude oil futures fell 32 cents, or 0.4 per cent, to settle at $79.07 a barrel
China has significantly tightened rules guiding exports of several metals this year, in an escalating battle with the West over control of critical minerals
The Southern African nation’s announced departure follows its protest against OPEC+’s decision to cut its output quota for 2024
The deal is subject to a final investment decision including regulatory approvals and reaching a definitive sale and purchase agreement
Toshiba will be delisted on Wednesday after 74 years on the Tokyo exchange, following a decade of upheaval and scandal
The initial phase of the project will generate 3,000 tonnes of green hydrogen annually, with the subsequent phase harnessing 2.4 GW of wind energy to produce 500,000 tonnes of green ammonia
The Layaran-1 discovery provides the foundation for future organic growth and additional exploration drilling activities in 2024
BP has temporarily paused all transits through the Red Sea while oil tanker group Frontline said its vessels would avoid passage through the waterway.
Production restraint by OPEC+ allies has been more than offset by output growth from US shale firms and other sources
ADNOC will become the majority shareholder in Fertiglobe, increasing its shareholding to 86.2 per cent, with 13.8 per cent remaining in free float on ADX
For renewables to become the energy source of choice, battery-industry innovation is a must.
The state-energy firm said the transaction is subject to certain customary conditions, including regulatory approvals
The fourth phase of the solar park is expected to power 320,000 homes and offset 1.6 million tonnes of carbon emissions per year
The partnership will see Masdar taking a stake of up to 49 per cent in Iberdrola’s 1.4GW UK East Anglia 3 offshore wind project
Members of OPEC+ agreed to make additional voluntary outputs in reduction, but the announced cuts were not as deep as expected.
The fuel price committee reduced the retail rates for Super 98, Special 95, and E-Plus 91 by as much as 7 fils per litre in December
OPEC+ is due to hold an online ministerial meeting to discuss 2024 production targets
The fuel price committee reduced the retail rates for Super 98, Special 95, and E-Plus 91 by as much as 0.41 fils per litre in November
The station, located in Masdar City, will produce green hydrogen from water, using an electrolyser powered by clean grid electricity
From the upcoming climate conference in UAE, to inflation numbers in the US, and China’s GDP targets, a look at what the markets are tracking
Oil production tends to vary month by month, making it difficult to fix on a permanent production target
The technology that could emerge from the cooperation would help support the companies’ customers in the Asia-Pacific region
The Minister of Energy said the discovery of the Al-Hiran natural gas field was confirmed after gas flowed from the Hanifa reservoir in the Al-Hiran