The fuel price committee increased the retail rates for Super 98, Special 95, and E-Plus 91 by as much as 28 fils per litre in September
ADES set the final offer price for the offering at SAR13.50 per share, implying a market capitalisation of SAR15.2bn at listing
The name change reflects QatarEnergy’s continued commitment to LNG as a critical source of energy for decades to come
In the past, the energy company has partnered successfully with Chinese companies in installing the largest wind turbine in Central Asia among other projects
The UAE has three of the world’s largest solar sites
ENEC’s CEO highlighted how nuclear can sustainably power energy intensive industries such as datacenters, which utilise 4-5 per cent of total global power supply
The deal follows several significant international LNG sales agreements, including India Oil Corporation
Africa50 and Masdar will also explore opportunities to collaborate on the implementation of the Alliance for Green Infrastructure in Africa
The project will triple the company’s carbon capture capacity to 2.3 million tonnes per annum
The sixth phase of the project, set to be operational in stages starting from Q4 2024, will power over half a million residences while reducing carbon emissions by 2.36 million tonnes annually
Oil prices rose above $90 a barrel for the first time in 2023 on the back of the announcements made by Saudi Arabia and Russia
Petrobras is looking at investing in a biofuel project currently being developed by Mubadala Capital in the State of Bahia, Brazil
ACWA Power signed the strategic cooperation agreements at the Saudi-Italian Investment Forum held in Milan on September 4
Since July, the kingdom has pledged to implement a unilateral production cut of one million barrels a day on top of existing curbs
The world’s third largest oil importer has increased its purchase of oil from Saudi Arabia
The innovation is part of the company’s efforts to promote the technologies of energy production and storage
Around 86 per cent (187 gigawatts) of all the newly commissioned renewable capacity in 2022 had lower costs than fossil fuel-fired electricity
This move acknowledges IRENA’s leading role in accelerating the global, renewables-based energy transition
Japan’s Prime Minister Fumio Kishida confirmed the process will start on August 24 after a meeting of a cabinet panel
The current crunch highlights a dilemma that nations have in phasing out oil refineries as they try to transition away from fossil fuels
The LNG supply deal is valued at between $450m to $550m and builds on the bilateral relationship between the UAE and Japan
The fund aims to play a pivotal role in helping achieve the ambitious industrial development agenda of Saudi Arabia as it transforms its economy
Leveraging geothermal heat for district cooling operations has the potential to reduce electricity demand helping decarbonise an energy-intensive sector
The total capacity of the solar energy projects commissioned at the Mohammed bin Rashid Al Maktoum Solar Park has reached 2,427MW
For the first six months of 2023, the utility giant reported a net profit of Dhs2.7bn
Operating income — before impairment, loss and other expenses — for the six-month period stood at SAR1,289m
The project seeks to increase ethane extraction from the company’s existing onshore facilities in the Habshan complex
Oil has rallied since late June following pledges by OPEC+ countries Saudi Arabia and Russia to cut supply
The 500MW Bash wind farm project is located in the Bukhara region of Uzbekistan