OPEC has said that technologies like carbon capture can tackle the climate impact of burning fossil fuels
State-owned energy companies include electric transmission company TEIAS, electricity producer EUAS, gas grid operator BOTAS and oil and gas developer TPAO
Each project will have a capacity of 1.8 GW, collectively contributing to Saudi Arabia’s ambitious energy mix strategy
The new agreement reinforces Masdar’s dedication to building clean energy solutions in partnership with global markets, furthering its role as a key player in the UAE’s climate leadership and international collaborations
Once completed, the Absheron-Khizi Wind Farm will not only help diversify Azerbaijan’s energy mix but also contribute significantly to reducing the country’s carbon footprint
Chevron will keep a 40 per cent share in the concession agreement for the North El-Dabaa block following the deal
The company is executing a transformative growth strategy encompassing fleet expansion and global market entry
The deal, which expands the UAE’s efforts to become a key supplier of LNG, converts a preliminary deal signed in March to a definitive sales agreement
The 3D mega seismic survey, which began in late 2018, covers a vast 85,000 square kilometres across onshore and offshore areas in Abu Dhabi
Aramco expects to declare total dividends of $124.3bn in 2024, of which $43.1bn would be performance-linked dividends
The transaction, subject to regulatory approvals, would be on a cash-free, and debt-free, excluding transaction fees and expenses
The ENERGYai platform, built with ADNOC’s 80 years of historical data, is expected to set new standards in the energy sector for precision, efficiency, and sustainability
ADNOC said early this month it had struck a deal to buy Covestro for $16.3bn, including debt, the energy giant’s biggest-ever acquisition
Audi Middle East is also collaborating with Siemens, Desert Technologies, and the UAE Ministry of Energy & Infrastructure to expand the regional charging network
Uzbekistan remains ACWA Power’s second-largest market, with a robust portfolio that includes 11.4GW of power capacity
The fuel price committee increased retail prices for Super 98, Special 95, and E-Plus 91 by as much as 9 fils per litre in November
The agreements cover a range of projects across the GCC, China, Central Asia and North Africa, focusing on financing, renewable energy, storage projects, and research and development initiatives.
The solar project, which will be developed in phases, will generate up to 1.25 GW at peak using 2 million bifacial solar panels
Third quarter revenues reached Dhs3.975bn, up 110 per cent from the corresponding period of 2023, the company reported
Maaz Qureshi, vice president of Digital Business at ADNOC Distribution, says the company is investing in AI-powered solutions to drive operational excellence
Oil prices rose on Monday following last week’s decline amid worries about weak demand in China
Saudi Arabia is the number two oil exporter to China behind Russia and holds stakes in some Chinese refiners
The wind farm will have an anticipated annual production capacity of 1.9 terawatt-hours (TWh), enough to meet energy demands of 475,000 homes
The company has been involved in various infrastructure projects in the GCC, including metro extensions, desalination plants, and cultural museums
The offering was priced at the top of its indicative range of 370-390 baizas per share and was oversubscribed by around 2.7 times, including anchor investors
ADNOC intends to integrate its domestic and global portfolio of projects in low-carbon ammonia, more than doubling Fertiglobe’s ammonia project capacity
By developing an AI-based asset management tool, Masdar seeks to digitise its operations worldwide, moving from a reactive model to a predictive approach
The weaker outlook highlights the dilemma faced by OPEC+, which is planning to start raising output in December
The partnership reflects ADNOC L&S’s ongoing role in supporting the energy transition, while also fostering robust industrial collaborations between the UAE and China
Global gas demand is forecast to rise by more than 2.5 per cent in 2024, with similar growth expected in 2025, according to IEA’s latest report