The 2GW Al Dhafra Solar Power Plant – located 35 kilometres from Abu Dhabi city – was built in a single phase
The drop in prices comes as concerns around supply disruptions due to the Israel crisis ease along with a reduced demand for China
Cirata is Masdar’s first floating PV project and its first renewable energy project in the Southeast Asian market
The solar facility is expected to reach financial close early next year and connect to the grid in 2025
Net profit declined to $32.6bn for the quarter to September 30 from $42.4bn a year earlier
Shell has supplied 315,000 gallons of blended SAF for use at the airline’s hub in Dubai
The move to the new headquarters follows the approval of APICORP’s 2023-2028 business strategy, which includes a new brand identity
SABIC has attributed the fall in revenue to a downturn in the global petrochemical market which continues to witness weak demand
Based on the voluntary cut, the kingdom’s production in December will be approximately nine million barrels per day
The cooling firm reported a net profit of Dhs685m during the period under review and paid a cash dividend of Dhs425m for the first half of 2023
The deal, signed at the China International Import Expo in Shanghai, is the third long-term supply deal between the two entities
The UAE fuel price committee on Tuesday shared that Super 98 petrol will cost Dhs3.03 a litre; a reduction in the cost of Dhs3.44 a litre in October
The COP28 summit is seen as a crucial opportunity for governments to accelerate action to limit global warming
The fuel price committee increased the retail rates for Super 98, Special 95, and E-Plus 91 by as much as 3 fils per litre in October
The palm oil blended jet fuel is produced by Indonesian state energy firm PT Pertamina
Brent crude oil futures dropped 98 cents, or 1.1 per cent, to $89.50 a barrel
Japan plans to cut use of LNG in the power sector to 20 per cent by 2030
This deal followed the inauguration of the region’s largest operational solar plant, the 230MW Garadagh Solar Park in Azerbaijan
Key to natural gas’ staying power in Italy’s generation mix is the country’s high level of industrial energy demand
The route is made viable by the melting of Arctic sea ice due to climate change
Jafurah is Saudi’s largest unconventional non-oil associated gas field, with reserves estimated at 200 trillion cubic feet
The parties will collaboratively explore the establishment of a green hydrogen export corridor between ACWA Power’s hydrogen production sites and the port of Amsterdam
The combined companies expect to generate about $1bn in cost synergies within a year of its closing
As Israel and Gaza have erupted in violence, multinational companies operating in the country have had to scramble to protect their employees while continuing operations
To ease oil supply pressure, the US suspended sanctions on OPEC member Venezuela after a Venezuelan government deal with the opposition
About a fifth of the volume of the world’s total oil consumption passes through the Strait on a daily basis
The port of Ashkelon and its oil terminal, located a few kilometres from the Gaza strip had been shut since October 7
The Crescent Petroleum contracts are expected to begin producing 400 million standard cubic feet per day of natural gas within 18 months
Natural gas continues to play a crucial role as a transitional fuel with lower carbon emissions compared to other fossil fuels
Oil and gas markets have been where the nervousness has been most evident due to fears that Israel could become bigger