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
By 2030, Uzbekistan aims to deploy 5GW of solar and 3GW of wind power capacity, meeting 25 per cent of its electricity needs
Oil’s red-hot rally over the first half of the year has been interrupted by delta
The contracted services are to be primarily carried out in the UAE
Asia is set to send excess diesel supplies to Europe and possibly to the US as the delta variant dents demand
The inclusion is expected to attract more foreign investors into ADNOC Distribution shares
The fuel crisis has exacerbated power blackouts and resulted in miles-long lines at gasoline stations
The appetite for liquefied natural gas is expected to grow by 3.4 per cent a year through 2035, outpacing other fossil fuels
Oil’s impressive first-half rally has lost momentum in July and August
Blue ammonia is made from hydrogen, a gas seen as key to the global energy transition
It is the first stage of the 900MW fifth phase that uses solar photovoltaic bifacial technologies with Single Axis Tracking to increase energy production
The delta variant has spurred fresh curbs on mobility in many nations including China, harming energy consumption
The investment will expand the capacity of ADNOC’s Al Nouf field from 160,000 barrels per day (bpd) to 175,000 bpd by 2024
A transaction would boost Aramco’s sales of crude to India
Al Qubaisi reportedly has over 15 years of diversified experience in the investments and energy sectors
The plant will start producing power in second half of 2022
Oil prices have retreated 6 per cent this month as the contagious delta variant triggers renewed lockdowns in China and other key Asian consumers
Delta has raised concerns about the short-term demand outlook
Aramco’s gearing fell to 19.4 per cent from 23 per cent at the end of 2020
UAE’s Masdar has partnered on the construction of the 400MW Dumat Al Jandal facility
Investment in solar projects was up 9 per cent to a record $78.9bn in the first half
Revenue climbed 72 per cent year-on-year to $11.3bn
The 145-megawatt Cirata Floating Photovoltaic Power Plant is expected to begin commercial operations in Q4 2022
ADNOC will send the ammonia to Japan’s Itochu Corp. for use in fertilizer production
West Texas Intermediate was slightly higher after slumping 3.6 per cent on Monday
The UAE fuel price committee also announced an increase in the price of diesel
Dubai is constructing a $1.1bn facility that will burn garbage to generate power
The Ras Al Khair desalination and power facility on Saudi Arabia’s east coast had cost more than $7bn to build