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
Europe’s largest nuclear reactor malfunctions again
Helsinki, Finland - Finland's Olkiluoto 3, the largest nuclear reactor in Europe, stopped production on Wednesday after a test caused the plant unit...
Science
Iran opens oil terminal in Gulf of Oman to bypass Strait of Hormuz
Iran has started exporting crude through its first terminal in the Gulf of Oman, bypassing the Strait of Hormuz to...
Aramco confirms data breach that entails $50m ‘ransom’ demand
Aramco has acknowledged that it had seen a data breach that has a potential $50-million “ransom” demand attached to it.
US arrests Trump aide Tom Barrack for being ‘agent of the UAE’
Tom Barrack, who worked for former US President Donald Trump, was arrested on Tuesday for allegedly being an “agent of...
Powering Iraqi homes one switch at a time
Iran decided last month to cut power supplies to Iraq, saying the it owes it more than $6 billion in...
What’s in store for UAE as OPEC+ decides to increase oil output?
The UAE’s oil production limit fixed by the OPEC+ in 2018 is not a reflection of its full production capacity,...
Emissions set to surge to record levels in 2023 as governments spend less on clean energy: IEA
International Energy Agency says current government plans would increase spending on clean energy to $350, 75 percent short of its...
Adnoc to invest over $760m to support production expansion
The Abu Dhabi National Oil Company will invest $763.7 million in integrated rigless services across six of its artificial islands
Daewoo unit lands $634m Qatar fixed platform contract
Korean-origin Daewoo Shipbuilding & Marine Engineering has received an order worth KRW725.3 billion ($633.6 million) for a project in Qatar
Halliburton wins chemicals services contract in Oman
Halliburton has signed a contract to provide production chemicals and associated services for a large international oil company in Oman
Deadlock ends: Top oil producers agree on modest output boost
The OPEC+ meeting on Sunday agreed to raise output by 400,000 barrels per day (bpd) each month from August to...
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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
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Iraq, Kurdish region sign accord to resume oil export
The deal, thrashed out in talks between federal and regional officials, spells the end of independent oil exports by the...
Business
WMO urges more investment in integrated weather, climate services
GENEVA, SWITZERLAND - The global transition to renewable energy will require greater investment in integrated weather and climate services, the...
Science
Oil cuts in interest of energy markets, says Russia
The Kremlin said oil output cuts by Russia, Saudi Arabia and other major producers that have caused prices to soar...
Geostrategy
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Economy
EU bloc records highest ever trade deficit in 2022
BRUSSELS, BELGIUM - The EU trade in goods registered a large deficit of US$469 billion (€432 billion) in 2022, reaching...
- The deficit was due, in particular, to a steep rise in the value of energy imports, which started towards the end of 2021 and continued through most of 2022.
- Also in 2022, non-EU imports (+41 percent) and exports (+18 percent) reached their highest year-on-year growth rates recorded over the last 10 years.
Economy
Dutch refinery looks to boost production of sustainable aviation fuel
Sustainable aviation fuels are being made from different sources such as municipal waste, leftovers from the agricultural and forestry industry,...
- EU plans to impose the use of a minimum amount of sustainable aviation fuel by airlines, rising from two percent in 2025 to six percent in 2030 and at least 63 percent in 2050
- Neste's Lehmus said there was a great need to mature the technologies to make sustainable aviation fuel from diverse sources such as algae, nitrocellulose and synthetic fuels
Business
Iraq inaugurates oil refinery in Karbala to curtail imports
The minister said the refinery, built by South Korean firm Hyundai, can produce nine million liters of fuel a day...
- Oil minister said that after the inauguration by the Iraqi Prime Minister, the refinery has started commercial production.
- The refinery can produce up to 140,000 barrels every day, and help in reduction of overseas oil import.