QatarEnergy announces integration of all marketing and related activities
DOHA, QATAR - QatarEnergy has announced the successful integration of all marketing and marketing-related activities formerly managed by QatarEnergy LNG....
Business
Over 20 nations call for tripling of nuclear energy
The other countries that signed up to the declaration include Britain, Bulgaria, Canada, the Czech Republic, Finland, France, Hungary, South Korea, Moldova, Mongolia, Morocco, the Netherlands, Poland, Romania, ...
COP28 UAE
Business
Lebanon taps Dubai’s ENOC for fuel swap
Lebanon is expected to use ENOC’s fuel to generate electricity, as the Iraqi oil is deemed unsuitable for the process.
- As part of the deal, Lebanon will give ENOC 84,000 tons of Iraqi high-sulfur fuel oil
- In return, the country will receive 30,000 tons of Grade B fuel oil and 33,000 tons of gasoil
Siemens hydrogen plant in Egypt
Siemens Energy expects to kickstart the hydrogen industry in Egypt.
- Siemens Energy and EEHC will pursue the development of a pilot project, comprising 100-200 MW of electrolyzer capacity
- This is will drive early technology deployment, establish a partner landscape, and set up off-take relations, among other things
ACME ammonia plant in Oman
The plant will cost of $3.5 billion and be built in three years.
- The plant will be an integrated facility using 3 GWp of solar and 0.5 GWp of wind energy
- This will be used to produce 2,400 TPD of green ammonia with an annual production of 0.9 million tons
Business
Iran to sell more electricity to Pakistan
Iran at the moment has electricity exchange with Armenia, Azerbaijan, Iraq, Turkmenistan, and Afghanistan.
- Pakistan is all set to increase its electricity import from Iran to 70 MW
- It will use this power at its under-development Gwadar port
Oman Shell updates SME training
The new program will build the capabilities of entrepreneurs.
- Oman Shell has designed the program to ensure that it aligns with Shell’s social investment strategy and Oman Vision 2040
- It takes into consideration the aspirations of its partners and entrepreneurs, while empowering entrepreneurs and Omani businesses
Qatar Petroleum begins expansion
It has awarded an contract to Madrid-based Técnicas Reunidas.
- The expanded facilities will be utilized to handle liquid products from the four new LNG trains comprising the North Field East project
- The facilities will also reportedly support two new LNG trains comprising the North Field South project
Business
Iran eyes Caspian Sea gas reserve for Europe supply
The exploration is being carried out by the Khazar Exploration and Production Company, or KEPCO.
- The Chalous Superstructure Drilling and Exploration project is expected to be completed over the next couple of years
- It will apparently be the second-largest natural gas block in the Caspian Sea, just behind the Alborz structure
Despite economic crisis, Lebanon to reopen schools
Rights groups have decried an “education catastrophe”, with more than a million children in Lebanon out of school since the...
- Rights groups have decried an “education catastrophe”, with over a million children in Lebanon out of school since the country’s Covid-19 outbreak began in February last year
- Other students are at risk of never returning due to a financial downturn that has seen poverty rates soar to reach 78 percent of the population
US oil prices soar
At 1355 GMT a barrel of WTI, the main US contract, for October delivery was 5.0 percent higher at $65.26...
- At 1355 GMT a barrel of WTI, the main US contract, for October delivery was 5.0 percent higher at $65.26 dollars
- The main international contract, Brent for October delivery was up 4.7 percent at $68.25
Geostrategy
Iran to get $300m Japanese loan to upgrade oil refinery
Japanese Foreign Minister Toshimitsu Motegi said this assistance would be in the form of low-interest loans.
- The pledge was made during Motegi’s trip to Baghdad, the first by a Japanese foreign minister since 2006
- The financial aid will be used to expand one of Iraq’s major refineries in Basra
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QatarEnergy announces integration of all marketing and related activities
DOHA, QATAR - QatarEnergy has announced the successful integration of all marketing and marketing-related activities formerly managed by QatarEnergy LNG....
Business
Company News
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UAE energy ministry awards DEWA for research, innovation
DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) has been awarded first place in UAE Ministry of Energy and...
Business
UN chief calls for protection of biodiversity on International Mother Earth Day
NEW YORK, US - UN Secretary-General António Guterres issued a statement calling for urgent action to protect the environment and...
Science
EU uncertain over biodiversity protection despite okaying climate change laws
STOCKHOLM, SWEDEN - EU lawmakers this week adopted new laws boosting Europe's climate change fight, but a parallel drive to protect...
Science
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Science
Green groups sue Europe over false energy label
BRUSSELS, BELGIUM - Environmental groups lodged a lawsuit against the European Commission on Tuesday to challenge its definition of natural gas...
- The lawsuit over gas was launched by WWF, ClientEarth, Transport&Environment and the German NGO BUND.
- Greenpeace, sued the EU executive separately for deciding that nuclear energy was worthy of its sustainable investment label.
Business
DEWA wins Hydrogen Project of the Year Award for green transition
Dubai, UAE - Dubai Electricity and Water Authority (DEWA) has won the Hydrogen Project of the Year 2023 Award for...
- Hydrogen Project Award was part of the Hydrogen Future Awards 2023, organized during the Connecting Green Hydrogen MENA" Conference in Dubai.
- This award recognizes leaders from international energy corporations who made key contributions to the growth of the clean energy industry.
Business
Europe’s largest nuclear reactor begins operation in Finland
The most powerful nuclear reactor in Europe, with a capacity of generating 1,600 megawatts, Olkiluoto 3 reached full power in late...
- Olkiluoto 3, now producing around 14 percent of the country's electricity, is expected to remain operational for "at least the next 60 years".
- Built by Areva-Siemens consortium, the reactor was first started up in December 2021 and connected to the Finnish power grid in March 2022.