The deal represents the continued growth of Aramco’s downstream presence in China
The landmark LNG deal was signed during Prime Minister Narendra Modi’s official visit to the UAE last week
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
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
This investment comes under Multiply+, the group’s sector-agnostic arm
The agreement allows the companies to further raise the condensate volumes
Low-carbon solutions are products, services and technologies with a small carbon footprint that can serve as alternative energy sources
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
The strategy aims to triple the contribution of renewables to the country’s energy mix by 2030 to reduce the effects of climate change
The pipeline extension will drive further growth as part of the company’s strategy to increase its market share and enhance its customer base
The drilling company said the awarding of the contracts follows more than $11.5bn in long-term contracts announced since the beginning of 2022
The awarding of the contracts marks the start of construction work on the petrochemical facility
Countries that import the most oil will have to make the biggest contribution to the fund
The partnership aims to provide eco-friendly electricity to PDG’s data centre in Mumbai for a period of 25 years
The company has committed to reducing its carbon footprint by at least a quarter by 2030
With the head of terms agreement announced earlier this year, the 1GW wind project represents ACWA Power’s entry into Kazakhstan
West Texas Intermediate edged higher to trade above $67 a barrel, after losing around 8 per cent over the previous three sessions
Barakah’s three commercially operating units are already generating more than 30TWh of zero-emission electricity all year round
The project aims to contribute to the decarbonisation of food production in desert climates by significantly lowering the carbon footprint of the desalination process
The contract covers dredging, land reclamation and marine construction of an artificial island for the Lower Zakum offshore field
In 2022, SAF production tripled to some 300 million litres with project announcements for potential SAF producers rapidly growing
The wind farm will help Egypt meet its strategic objective of sourcing 42 per cent of its energy from renewables by 2030
The rigs will become operational in the fourth quarter of 2023
The rigs are being built by Honghua Golden Coast and will progressively enter the fleet from the second quarter of 2024
The project will develop a centralised seawater treatment facility for operations at the Bab and Bu Hasa fields in Abu Dhabi
The investment opportunities include new and existing power plants as well as associated power infrastructure with a combined value of more than $3bn