#energy

Huawei ICT infrastructure

Huawei’s take on how ICT infrastructure can curb energy consumption

In an interview with Gulf Business, David Shi, president, Huawei Enterprise Business Group, Middle East highlights how the need for greener ICT infrastructure is a priority for organisations

Adnoc

Adnoc, Borealis seek $2bn from IPO of plastics JV

The state-owned energy company and Austrian chemicals producer plan to sell a 10 per cent stake in their Borouge plastics unit by the end of the quarter

solar energy

UAE’s AMEA Power to build two solar power projects in Morocco

The two plants will be located in Taroudant, in the Souss-Massa region and in El Hajeb, in the Fès-Meknès region, each with a production capacity of 36MW

uae Adnoc

UAE’s ADNOC L&S to acquire two new-build LNG vessels built in China

Each vessel will have a capacity of 175,000 cubic metres – enough to power 45,000 homes for a year

Dubai’s DEWA raises $6.1bn in EMEA’s biggest IPO since 2019

The stock is expected to start trading in Dubai around April 12

World economy can avoid 1970s rerun, but not without some hurt

In both the 1970s and today, the shocks hit economies that already had inflation problems

Tabreed

UAE’s Tabreed launches green financing framework to fund projects

The framework is accompanied by a second party opinion from ESG ratings agency Sustainalytics

Sheikh Mohamed bin Zayed Al Nahyan has ordered the completion of all housing grant applications submitted in previous years through the Sheikh Zayed Housing Programme, at a total cost of around Dhs2.3b

Sheikh Mohamed discusses Ukraine, energy market stability in call with Vladimir Putin

Sheikh Mohamed stressed the need for a peaceful solution to the Ukraine crisis in a way that maintains the interests and national security of all parties

UAE raises fuel prices for March 2022

It is the second straight month that fuel prices have risen

Bahrain to hire advisers for privatisation of state oil firms

Bahrain produces about 200,000 barrels a day

Saudi oil discovery

Saudi announces discovery of natural gas fields across four regions

Saudi Aramco has discovered the five fields that can produce over 100 million cubic feet per day of natural gas in total 

Brent oil hits $100 a barrel for the first time since 2014

Russia is a key supplier of energy to global customers

Vitol CEO sees oil above $100 for a ‘prolonged period’ this year

Energy supplies are struggling to keep up with a robust economic recovery

Getty Images

Explainer: Is the UAE ready to mainstream nearly zero energy buildings?

Green building strategies can be used to design and build healthy, comfortable, cost efficient and environmentally friendly living and working environments

UAE’s EGA plans to build first aluminium recycling facility

Feasibility studies for the project are underway

Global emissions from buildings, construction climb to record levels

Dubai to reduce almost a third of its carbon emissions by 2030

The Dubai Supreme Council of Energy approved updated plans for the programme that will help the UAE meet its net-zero goal by 2050

Dubai Electricity and Water Authority

Dubai’s energy demand grows 10% y-on-y in 2021

Energy demand in 2021 reached 50,202 gigawatt-hours compared to 45,712 gigawatt-hours in 2020

UAE launches Etihad 7 programme to fund renewable energy projects in Africa

The programme aims to supply clean electricity to 100 million people by 2035

Mohammed bin Rashid Al Maktoum Solar Park

Production in Dubai’s Mohammed bin Rashid Al Maktoum Solar Park increases to 330MW

The clean energy share is currently 11.38 per cent of Dubai’s energy mix, and will reach 13.3 per cent in Q1 2022

SEWA completes nine new power plants in Sharjah last year

It undertook a number of development projects and network improvements worth over Dhs480.8m in 2021

Dubai Electricity and Water Authority DEWA

DEWA commissioned 1,310 11kV distribution stations in Dubai in 2021

These stations are mainly spread across Mohammed bin Rashid Gardens, Airport City, Wadi Al Safa, and Al Yafra 2

Dana gas

Dana Gas reports 2021 collections from Egypt and Kurdistan of $377m

It marked a 107 per cent year-on-year rise over the $182m it received in 2020

Manchester City announces global partnership with Abu Dhabi’s Masdar

Masdar is focused on developing renewable energy projects across the Middle East and North Africa and broader international markets

OPEC+ seen reviving output in sign of confidence for 2022 demand

The 23-nation alliance is likely to proceed with another modest monthly hike of 400,000 barrels a day as it restores production halted during the pandemic

Qatar capital Doha

Qatar pushes Gulf Arab energy company borrowing to record high

Gulf Arab energy firms borrowed $30.5bn in 2021, the highest level in at least 25 years

Three learnings for businesses to carry into 2022

We must all continue to drive the social and governance agendas across our operational premises too in 2022

Abu Dhabi’s ADNOC, Taqa announce $3.6bn project to decarbonise offshore operations

The project is expected to reduce the carbon footprint of ADNOC’s offshore operations by more than 30 per cent

Rolls-Royce to get Qatari funding for small nuclear reactors

Qatar will invest $112m in Rolls-Royce SMR, the separate unit created for the project

Oil extends losses on omicron spread uncertainty

Oil’s drop this week has eaten into a partial recovery from a bear market at the end of November

Abu Dhabi’s ADNOC announces new oil and gas discoveries

The discoveries of up to 1 billion barrels of oil equivalent have been made at an exploration well in Onshore Block 4 concession