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This landmark deal enhances The Arab Energy Fund’s offerings in energy infrastructure and sustainable water solutions, particularly in the Middle East, Africa, and Asia
The initial drawing against the facility will be $1.1bn, leaving $0.9bn capacity available to be drawn until December 31, 2026
Brent crude futures rose 22 cents, or 0.3 per cent, to $76.15 a barrel, after settling at its highest since October 25
This stability follows months of declining fuel prices in 2024, with Super 98 petrol dropping from a high of Dh3.34 in May to the current rate of Dh2.61
In 2024 alone, ADNOC’s ICV programme reinvested Dhs55bn into the UAE economy and helped facilitate the creation of 5,500 private-sector jobs
Brent crude futures rose 36 cents, or 0.5 per cent, to $73.30 a barrel
UAEV aims to expand its network to include 1,000 strategically located chargers across urban hubs, highways, and key transit points by 2030
With the support of ENOC, Drive Terra aims to make e-bike adoption in the UAE more accessible and efficient, helping the country to meet its ambitious environmental goals
Arcius Energy will focus on natural gas growth to meet growing regional demand while supporting Egyptian energy security and economic development
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The Ruwais LNG facility is poised to make history as the first LNG export terminal in the region to be powered by clean energy
The group agreed to allow the UAE to raise output by 300,000 bpd gradually from April until the end of September 2026
Captured carbon dioxide will be transported through pipelines to be stored below ground in a saline aquifer sink
TotalEnergies will build the 0.3 GW park in the Rabigh Industrial City in partnership with local Saudi developer Aljomaih Energy and Water Company
Depending on the type of vehicle, filling up a full tank in December will cost between Dh6.12 and Dh9.62 less compared to November
The Abu Dhabi renewable energy firm plans to acquire all outstanding shares of Terna Energy in an all-cash tender offer, subject to regulatory approval
With the UAE’s Energy Strategy 2050 setting ambitious goals for clean energy, the collaboration between ENEC and ADNOC is a crucial step towards achieving these objectives
The energy firm said the value of its gas unit can be enhanced by inclusion in wider market indexes and with a broader shareholder base
The two entities agreed to collaborate on joint investments in renewable energy projects developed, invested in, or operated by Masdar
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