Brent oil has rallied more than 40 per cent this year as a strong rebound from the pandemic in the US, China and Europe underpins increasing fuel consumption
The increased production is a result of adding new units which use Sea Water Reverse Osmosis technology at DEWA’s Jebel Ali Power Plant and Desalination Complex
The subsidiary will have rights to 25 years of tariff payments for oil transported through Aramco’s crude pipeline network
The extreme weather highlights the real world impact of climate change
Crude futures are trading at a two-year high above $70 a barrel
Earlier this year, ENOC launched its Service Station of the Future at the Expo 2020 Dubai site
Over 50 per cent of the award value will flow back into the UAE’s economy under ADNOC’s In-Country Value programme
The US benchmark is on course for a fifth quarterly advance, which would be the best run since 2010
Clean energy is expected to account for 12 per cent of Dubai’s overall production by the end of 2021
Technology has now become a key driver of economic growth in the GCC, with data already defining the region’s future, opines Maurits Tichelman, VP – Sales, Marketing, and Communications and GM – Global Markets and Partners, EMEA at Intel
The state-controlled company sold sukuk due in three, five and 10 years
The agreement will bring clean energy to The Bahrain Mall, operated by Carrefour Bahrain
Futures in New York dropped back below $69 a barrel on Tuesday after closing 0.6 per cent lower in the previous session
The firm is raising cash to help fund its commitment to pay out $75bn in dividends
The electricity production capacity will further increase to 13,200MW with the commissioning of the fifth phase of the Mohammed bin Rashid Al Maktoum Solar Park
Pawame offers a portfolio of solar home systems in remote areas of Kenya on a micro-financed basis
The Tehran Oil Refinery suspended all operations on Wednesday after a leak at a liquid gas pipeline caused the blaze
The price of oil has doubled since October to more than $70 a barrel
Oil is up 40 per cent this year as the recovery from the pandemic in the US, China and parts of Europe boosts the outlook for fuel consumption
The energy generated will be used to power the car parking facility, with excess energy fed to other sections of the Abu Dhabi International Airport
According to the agreement with ACWA Power, Neutral Fuels biofuel is set to power the site’s entire transportation network
The green hydrogen will be fed into the fuelling station to power hydrogen vehicles
Oil is poised for a second straight monthly gain as the US, China and parts of Europe lead a robust demand recovery from the Covid-19 pandemic
This is the fourth consecutive month that fuel prices have increased within the country
OPEC+ ministers are due to meet June 1 to consider the state of the market and the group’s production policy
ACWA has proposed various projects in South Africa, from a coal-fired plant to a solar and battery project
The development will enable the Belbazem Offshore Block to achieve a crude oil production capacity of 45,000 bpd, and is expected to be operational by 2023
Talks between Iran and world powers will continue in Vienna this week to resolve outstanding issues
Bader Saeed Al Lamki will commence his role on May 27, 2021
Some analysts estimate Iran could return to pre-sanctions production of almost 4 million barrels a day in as little as three months