State-run energy consultant Engineers India expects to finalise a nearly $25m order for a chemicals and fertiliser plant in Nigeria
Saudi Aramco increased most of its prices for crude that will be shipped to its main market of Asia in March
Masdar will work closely with the government and other stakeholders in Azerbaijan to accelerate the growth of its renewable energy sector
Domestic manufacturing of these products will support the ‘Make it in the Emirates’ initiative, stimulate industrial growth and create more jobs for UAE Nationals
The company delivered adjusted EBITDA of $541m in the fourth quarter, flat on a year-on-year basis with a net profit of $247m
Energy demand last year reached 53,180 gigawatt-hours, compared to 50,401 gigawatt-hours in 2021
The agreements were signed at the Saudi-Omani Investment Forum being held in Riyadh
The IPO could raise as much as $500m
January 2023 will start with the creation of GE HealthCare, a company which will drive precision health to improve patient outcomes
The firm plans to grow its renewables capacity five-fold by the end of the decade
The agreements will help develop onshore wind and solar projects, and integrated offshore wind and green hydrogen projects, with a combined capacity of 4 gigawatts
These agreements fall within the framework of the comprehensive economic partnership signed by the UAE and Japan in September 2022
UAE and US officials announced that $20bn will be allocated to fund 15 new gigawatts (GW) of clean and renewable energy projects in the US before 2035, led by UAE’s Masdar and a consortium of US private investors
A summit highlight is the new one-day ENOWA ENACT conference on January 17 from the energy, water, and hydrogen subsidiary of NEOM
UAE President Sheikh Mohamed bin Zayed Al Nahyan and Yoon Suk Yeol, President of the Republic of Korea, witnessed the signing of the MoUs and agreements
The agreement will build cooperation in areas such as environmentally sustainable transportation, sustainable fuels, biomass projects, waste conversion to energy, and carbon capture
ADNOC Gas will serve domestic and international customers with an expanding portfolio of gas products
A surge in Covid-19 cases in China has clouded the near-term demand outlook
On its completion, the project will have the largest thermal storage capacity in the world of 15 hours, allowing for energy availability around the clock
Crude is heading for the first back-to-back quarterly loss since 2019 after a volatile year
Luberef, as the refiner is known, dropped as much as 6.6 per cent in Riyadh to SAR92.5 ($24.61), valuing the company at SAR15.9bn
The power plant will have a production capacity of 250 MW, a storage capacity of 1,500 Mwh, and a life span of up to 80 years once completed
The investment will allow the sovereign wealth fund to participate in the acceleration of energy transition and clean energy at an international scale
The project will contribute to the diversification of the local economy and will be a source of investment for the region
West Texas Intermediate held above $74 a barrel after futures sank almost 9 per cent in the prior three sessions to erase the year’s gains
Luberef becomes the latest billion-dollar plus IPO in the Gulf
West Texas Intermediate traded above $81 a barrel after a run of four daily gains
Many governments improved their electricity access policies, with Sub-Saharan Africa and Latin America and the Caribbean scoring the highest on this indicator
The company will build, own and operate the 500MW solar PV plant and 500MW wind farm in the country
TAQA’s Board of Directors also declared an interim cash dividend of Dhs675m