COP28 puts spotlight on state oil giants
Western energy firms are the usual suspects when it comes to criticism about the sector's role in climate change, but...
Abu Dhabi’s EWEC opens Q4 2023 Clean Energy Certificates auction
ABU DHABI, UAE - Emirates Water and Electricity Company (EWEC) on Monday announced that it will conduct its Q4 2023...
Business
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...
OPEC+ deliberations still on but not supply deal yet: UAE
With the bloc pumping less than needed, prices are set to be volatile, says IEA Oil demand is expected to...
Saudi, UAE reach deal over oil output quotas
Major OPEC producers Saudi Arabia and the United Arab Emirates have reached a compromise in a standoff over crude output...
Adnoc joins international hydrogen council
Adnoc has been granted entry into the Hydrogen Council, through which it expects to produce greener fuel
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COP28 puts spotlight on state oil giants
Western energy firms are the usual suspects when it comes to criticism about the sector's role in climate change, but...
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DEWA wins top award by UK based institute
Arts & Culture
Major oil powers slash production ahead of OPEC+ meet
Cuts by the Saudis, Iraq, UAE, Kuwait, Algeria and Oman from May to the end of the year will total...
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...
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,...
Economy
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Business
DEWA, Siemens discusses enhancing cooperation
DUBAI, UAE - MD and CEO of Dubai Electricity and Water Authority Saeed Mohammed Al Tayer discussed the latest advancements...
- DEWA and Siemens discussed the role of smart grids in improving the efficient and sustainable distribution of energy.
- They also discussed ways to enhance collaboration between DEWA and Siemens in the area of smart grid technology.
Business
UK warns against protectionism after US green energy subsidy
London, United Kingdom - Britain on Thursday warned against the threat of protectionism as it slammed the United States for leading...
- UK Finance Minister Jeremy Snape said the threat of protectionism is making a comeback in the world in the form of subsidy.
- US President Biden has launched $370bn initiative of subsidies for green energy and tax cuts for US manufactured e-cars, batteries.
Business
Petrofac shares surge
Petrofact and Hitachi Energy secured a $14.1bn energy deal.
- European electricity grid operator TenneT awarded the pair multi-year projects to expand offshore wind capacity in the Dutch-German North Sea.
- Shares in Petrofac soared 58% to 77.5 pence after the group's outgoing CEO Sami Iskander said the deal would "deliver affordable clean energy for millions of European homes".