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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
Rosneft has a 54.17 per cent stake in PCK Schwedt, which has traditionally supplied 90 per cent of the fuel used in Berlin
The energy firm plans to expand Neuron 5’s application to all the group’s facilities across thousands of critical pieces of production equipment
The agreement focuses on identifying suitable saline aquifers for safe and permanent CO2 storage, enhancing Malaysia’s potential as a regional CCS hub
The consortium, comprising Egypt’s Infinity Group and UAE-based Masdar, will develop, finance, and operate the onshore wind project
The robust performance reinforces the companies’ foundation for sustained growth as they continue to execute individual strategies
The organisation said oil demand will rise by 2.11 million barrels per day (bpd) in 2024, down from growth of 2.25 million
The funds have been allocated for a wide range of initiatives, from essential research to applied technologies
The company’s revenues for the quarter reached $6.8bn, up 13 per cent YoY, marking the third consecutive quarter with revenues exceeding $6bn
The US topped the list of foreign investors in the oil and gas sector across the Arab world, with 85 projects
The sale aligns with Aramco’s downstream expansion and Sumitomo Chemical’s move away from commodity chemicals
ACWA Power continued its expansion through the period, adding a record 10.5GW of renewable power generation capacity to its portfolio
The duo will work together to conclude a detailed sale and purchase agreement in the coming months
The energy firm declared dividends of $31.1bn for the second quarter, including $10.8bn in performance-linked payouts
The company posted a quarterly net profit of $295m, a 28 per cent increase from $228m in Q2 2023
The energy firm said negotiations over the preliminary agreement are expected to be complete early in 2025
The company said its long-term focus would remain on “strategic portfolio optimisation” and restructuring underperforming assets
The fuel price committee raised retail prices for Super 98, Special 95, and E-Plus 91 by as much as 0.06 fils per litre in August
The fuel price committee reduced retail prices for Super 98, Special 95, and E-Plus 91 by 15 fils per liter in July compared to the previous month