Masdar, IRENA ink pact on tripling global renewable energy capacity by 2030

• The main objective of the project is to establish a global baseline for renewable energy.
• The project will also highlight the challenges faced by different regions in meeting their renewable energy ambitions.

ADNOC inks pact with SeaOwl to design unmanned vessels

• The innovative design of the vessel is likely to reduce carbon emissions up to 30 percent as the vessel will be lighter and smaller.
• The design for the 55 meters long vessel will allow the vessels to be operated from an onshore control room through a satellite link.

Aramco’s plans to produce blue hydrogen ‘remain unchanged’

• The energy giant denied reports that it has temporarily suspended plans to produce blue hydrogen.
• It targets to produce up to 11 million tons of blue ammonia, a carrier of blue hydrogen, by 2030.

ADNOC, Baker Hughes partner to boost green hydrogen development

• ADNOC will leverage Baker Hughes’ extensive hydrogen expertize and broad portfolio to test and develop solutions to produce low-cost green hydrogen.
• Baker Hughes has been a longstanding strategic partner to ADNOC, deploying advanced technologies and solutions across the energy value chain.

Jordan, Iraq renew crude supply deal

• The agreement was signed by the Energy and Mineral Resources Minister of Jordan, Saleh Al Kharabsheh, and the Oil Minister of Iraq, Hayan Abdul Ghani
• As per the deal, Jordan will begin importing 10,000 barrels of crude per day for a year, starting from June. and this will cover around 7% of Jordan's daily oil needs

Iran seeks trade boost with Syria during Raisi’s visit to Damascus

• Raisi said Iran and Syria had signed 15 "cooperation documents" which would allow "both countries to open a new chapter in economic relations".
• Raisi and Assad signed a deal on "long-term strategic cooperation", covering fields including oil, aviation, railways and agriculture.

DEWA customers can make payments via Samsung Pay

Global energy firms must pay up to prevent spill: Yemen company

• Hayel Saeed Anam Group, which in August contributed $1.2 million to UN clean-up campaign, made the appeal hours before a virtual donor conference hosted by Britain and Netherlands
• The Safer's 1.1 million barrels contain four times as much oil as that spilled in the 1989 Exxon Valdez disaster off Alaska, one of the world's worst ecological catastrophes

Iran seizes oil tanker in Strait of Hormuz, says US Navy

• A dozen Iranian Navy fast-attack craft swarmed the vessel in the middle of the strait, said a statement from the Bahrain-based US Fifth Fleet.
• The troubled but commercially vital Gulf waters, which carry at least a third of the world's seaborne oil, have witnessed a spate of incidents since 2018.

BP back in Q1 profit

• BP posted for the first three months of 2022 its biggest quarterly loss ever, at $20.4 billion after taxes, after Western sanctions forced its exit from Russia
• The company also revealed that underlying profit dropped by one fifth to $5 billion, reflecting lower energy prices compared with one year earlier