West Texas Intermediate traded near $79 a barrel, after slipping 1.1 per cent on Wednesday
The wind farm will have an anticipated annual production capacity of 1.9 terawatt-hours, enough to power 475,000 homes
The deal facilitates knowledge sharing between the two entities while exploring potential joint investments in upstream projects
The lending group also included First Abu Dhabi Bank acting as lead arranger
The G-20 energy ministers’ meet in Goa is intended to lay the ground for a leaders’ summit in September and offer an opportunity to reinvigorate sluggish energy diplomacy
The deal represents the continued growth of Aramco’s downstream presence in China
Geothermal power plants are carbon-free and can operate any time, making them a critical part of a 100 per cent carbon-free electric grid
Saudi Arabia is focusing on clean hydrogen production and transportation as it seeks to transition its economy and energy mix
The landmark LNG deal was signed during Prime Minister Narendra Modi’s official visit to the UAE last week
Polypropylene, a type of plastic material, is used to manufacture everyday items such as bottles, jars and food packaging
The pilot programme will study how hydrogen with high-speed refuelling can best be used in mobility projects
The power plant is expected to provide the Egyptian economy with $6.5bn in savings in annual natural gas costs and create up to 120,000 job opportunities
The companies will look at developing technical solutions to decarbonise or improve the energy efficiency of upstream oil and gas assets among other initiatives
The global oil market, climate change, Ukraine’s grains exports and the aluminium sector are among the top commodity markets to keep an eye on this week
Dr Sultan Al Jaber, Masdar chairman and COP28 President-Designate, has been meeting global leaders to build consensus toward solutions that can deliver an equitable energy transition
The two entities agreed to enhance the collaboration in the energy sector, transmission and distribution communication networks
The two parties will jointly formulate a strategy to best approach the international market and secure offtake arrangements
OPEC+ nations are engaged in production cuts to balance prices in crude markets
This investment comes under Multiply+, the group’s sector-agnostic arm
EWEC is accelerating the implementation of Abu Dhabi’s energy transition to reduce reliance on hydrocarbons and meet its energy demand through renewable sources
Across the world, where varieties of crude more closely resemble those from Saudi Arabia, prices are shooting up as refineries clamour for alternatives
The solar farm will generate enough electricity to power approximately 160,000 homes across the UAE
The agreement allows the companies to further raise the condensate volumes
The energy cooperation framework aims to advance production of hydrogen and electricity using renewable sources
The UAE will not be undertaking oil supply production cuts even as Saudi Arabia looks to balance the markets
The International Energy Agency says the rest of the world is going the way of the electric car, bringing peak oil demand before the end of the decade
Low-carbon solutions are products, services and technologies with a small carbon footprint that can serve as alternative energy sources
It has become the first hotel operator in the UAE to receive International Renewable Energy Certificates
West Texas Intermediate traded just below $72 a barrel
The KEXIM loan facilities were refinanced through a competitive market process resulting in the selection of two banks, ADCB and FAB