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
The company has now secured a total of $1.85bn in green financing since 2023, supporting its ongoing decarbonisation efforts and expansion of its low-carbon energy portfolio
The group OPEC+ is cutting output by a total of 5.86 million bpd, or about 5.7 per cent of global demand, in a series of steps agreed since late 2022
UAE energy minister said OPEC+ has sacrificed more than others but the critical element is that it is staying together
The deal marks a cornerstone for ADNOC’s plans to grow its petrochemicals business along with gas and renewable energy
These projects, valued at $3.2bn, aim to generate a combined capacity of 5.5GW of solar power for Saudi Arabia
Oil prices are down nearly 5 per cent so far this year, amid increasing supply from other producers, especially the US
Saudi Arabia is preparing to abandon its unofficial price target of $100 a barrel for crude as it prepares to increase output, cites a report
The 5-year bond has price guidance of Treasuries plus around 120 basis points (bps) and the 10-year bond has Treasuries plus about 135 bps
Announced during the 79th United Nations General Assembly, the initiative seeks to elevate the climate ambitions of these nations and drive urgent action on sustainability
The contract was signed under the existing long-term agreement with oil giant Saudi Aramco
Aramco is seeking to strengthen its position in the LNG market, which is set to grow by 50 per cent globally by the end of the decade
The offshore EPC contract will help boost production at the North Field offshore natural gas field, which lies off the northeastern coast of Qatar
The integration aims to scale TAQA’s customer-facing business, enabling the company to expand its services, introduce new products, and explore growth opportunities both locally and abroad
The projects will bring AMEA Power’s total capacity in Egypt to 2,000MW of solar and wind power, accompanied by 900MWh of battery energy storage systems
Mubadala Energy completed the appraisal of the Layaran discovery in South Andaman, marking the safe conclusion of its drilling campaign
Lavrov arrived in Saudi Arabia on an official visit on Sunday
The MoU allows for future investment opportunities further reinforcing the special strategic relationship between the UAE and India
The LNG will primarily come from the state-owned energy firm’s lower-carbon Ruwais LNG project
The ships, which will be built at China’s Hudong-Zhonghua shipyard, are the largest LNG vessels ever built, with a capacity of 271,000 cubic metres each
The remaining OPEC+ cuts of 3.66 million bpd, agreed in earlier steps, are staying in place until the end of 2025
The Barakah plant is generating a quarter of the UAE’s electricity needs, providing a stable pipeline of power for the next 60 years
The substations are monitored remotely using advanced equipment, allowing for greater operational efficiency and reducing maintenance requirements
The state-owned energy firm is expected to finalise the stake purchase later this year
GESAT has produced over 200 gas turbine modules, supporting power generation in up to 10 countries, including Saudi Arabia
The construction of four new production lines for urea, a key ingredient in fertilisers, would boost output by 106 per cent