London, United Kingdom -- Members of the International Maritime Organization (IMO) are divided over whether to approve a carbon tax on international shipping, ahead of a meeting starting on Monday to finalize emissions-reduction measures. The carbon tax, the most ambitious measure on the table, would make it more expensive for shipping...

Dubai, UAE --  Abu Dhabi sovereign wealth fund ADQ has partnered with the American private equity firm Energy Capital Partners to invest more than $25 billion in 25 GW worth of energy projects to power data centers, mostly in the United States. ADQ and ECP, the largest private owner of...

Easier commutes with faster, quieter, and eco-friendly vehicles would reduce travel times significantly and reduce stress for urban residents, says Satyanarayanan Chakravarthy, member of the World Economic Forum’s Global Future Council on the Future of Autonomous Mobility.

Dubai, UAE -- TRENDS’ yearly Special Issue is out. This year’s edition, titled Future of Humanity, explores key global shifts and brings together expert insights on old and new forces shaping our world. The edition delves into transformative themes such as GCC’s leadership in urbanization, smart cities, and logistics, as...

Nicosia, Cyprus -- Cyprus and Egypt on Monday signed an agreement with an energy consortium to export gas from the Mediterranean island's offshore fields to Europe after being processed in the North African country.Egypt, alongside Italian energy giant Eni and France's TotalEnergies, have agreed to "collaborate to commercialise the natural gas...

By comparison, the share of electric cars in Europe was just 13.6 percent in the full-year 2024, a decline for the first time since 2020.

In a bid to boost prices, the Organization of the Petroleum Exporting Countries (OPEC) headed by Saudi Arabia and Russian-led allies have cut supply by almost six million barrels per day (bpd) since 2022. The OPEC+ alliance has repeatedly postponed putting some of the withheld barrels back on the market.

Abu Dhabi, UAE - A new report highlighted the UAE's leadership in the regional solar energy sector, driven by initiatives like the Dubai Clean Energy Strategy 2050, targeting 75 percent clean energy by 2050, and Abu Dhabi Vision 2030, aiming for 30 percent renewable energy within five years.The "Solar Outlook...

This “responsible transition” is not only defined by the development principles, but primarily by a selective investment approach in our conventional business; we will continue to grow this where market fundamentals are healthy. This includes investing in gas and LNG (from upstream through midstream and downstream), which acts as a...

New policies, public trust, and partnerships are crucial to accelerating these nuclear solutions. Platforms like the Forum’s Advanced Energy Solutions community bring together industry, investors, and governments to fast-track nuclear and clean energy technologies, informing policy and increasing public confidence, the author adds.

Political and business leaders in the Arabian Gulf region push for sustainability agenda to secure clean environment for the future generations. Calls have been made to work through collaborative models of private and public partnerships to achieve green goals.

Iraq has now become self-sufficient in liquid gas and the surplus is usually exported abroad, strengthening the Iraqi economy.

ABU DHABI, UAE – The Abu Dhabi Department of Economic Development (ADDED) organized, in collaboration with Abu Dhabi Investment Office (ADIO), the second edition of Al Multaqa quarterly meetings, presenting business community with recent updates on the Emirate’s economy and achievements in 2023 and highlighting future opportunities.Launched in Q4-2023, Al...

LOS ANGELES, US – The booming use of electric vehicles in parts of California is reducing CO2 emissions in those areas, a study showed on Thursday, bolstering a key pillar of the state's drive towards net zero.Scientists at the University of California, Berkeley, say a network of sensors set up around...

MOSCOW, RUSSIA – Prime Minister Mikhail Mishustin said the country became the world’s fourth-biggest LNG producer last year.The Russian Prime Minister said this in an annual report at the State Duma (lower house of the parliament), TASS reported.“Energy is adjusting gradually as well. A serious adjustment of logistics was required...

ABU DHABI, UAE - Sheikh Hamdan bin Zayed Al Nahyan, Ruler's Representative in Al Dhafra Region, said that under the leadership of President Sheikh Mohamed bin Zayed Al Nahyan the Emirates is at the forefront of leveraging cutting-edge technologies like AI to drive sustainable growth and progress, particularly in the...

ABU DHABI, UAE – Abu Dhabi National Energy Company (TAQA), together with JERA Co., Inc on Thursday announced that they have entered into a power and steam purchase agreement with Saudi Aramco Total Refining and Petrochemical Company (SATORP), a joint venture company owned by Saudi Arabian Oil Company (Saudi Aramco)...

The region is spearheading sustainability initiatives to address climate challenges, with Saudi Arabia making significant strides towards renewable energy and clean technology.

Geopolitical tensions sent oil prices climbing and weighed on equities as investors also continued to worry about prospects for interest rate cuts amid stubbornly-high inflation. "Heightened tensions between Ukraine and Russia have brought a halt to the rally in equity markets seen last week," said Russ Mould, investment director at...

AL-DHAHRAN, SAUDI ARABIA – Aramco President and CEO Amin Nasser outlined the potential for stronger collaboration with Chinese partners in his speech on Monday at the China Development Forum in Beijing.Nasser underscored the possibility of fostering broader economic globalization by strengthening ties with Chinese partners and identified specific areas for...

BRUSSELS, BELGIUM – In the fourth quarter of 2023, the EU imported US$120.5 billion (€111.3 billion) worth of energy products amounting to a total of 187.9 million tonnes.Compared with the same period in 2022, imports decreased both in value (-34.2 percent) and in net mass (-11.7 percent), according to figures...

VIENNA, AUSTRIA – The OPEC Fund for International Development (OPEC Fund) is extending a US$50 million loan to Türkiye to support the agricultural and food production sectors, prioritizing 11 cities hit by the devastating earthquakes of February 2023.The Development and Investment Bank of Türkiye (TKYB) will on-lend the funds to...

Abu Dhabi, UAE – The Emirates Nuclear Energy Corporation (ENEC) today announced that its operations and maintenance subsidiary, Nawah Energy Company, has safely and successfully connected Unit 4 of the Barakah Nuclear Energy Plant to the UAE’s transmission grid. The grid connection of the fourth reactor at the nuclear energy...

Ankara, Turkey - Turkish Energy and Natural Resources Minister Alparslan Bayraktar announced on Friday the signing of a memorandum of understanding between Turkiye and Turkmenistan, focusing on collaboration in the natural gas sector and hydrocarbon partnerships.Under the agreement, the initial phase will involve the transportation of up to two billion...

India is poised to revolutionize its energy landscape by linking its power grid with Saudi Arabia and the UAE via undersea cables.

MOSCOW, RUSSIA – US will no longer be able to dictate oil prices in the Middle East, Director of the Russian Foreign Intelligence Chief Sergey Naryshkin said.The Russian official made the statement in the documentary "Oil" on the premier online platform.“The ‘hegemon’ has lost a step. It is no longer...

Abu Dhabi, UAE--The Emirates Nuclear Energy Corporation (ENEC) today announced that it has signed a Memorandum of Understanding (MoU) with General Atomics (GA), a leading US advanced technology solutions company, to collaborate on using advanced technologies and materials for nuclear energy supply.They will also cooperate on prospects that utilise ENEC's...

Copenhagen, Denmark - Developing countries should not have to set stricter targets for cutting their carbon emissions before funds are available to help them transition to cleaner energies, the chairman of this year's UN climate negotiations said Thursday.Addressing a ministerial climate meeting in Copenhagen, Azerbaijan's Mukhtar Babayev said "there is a...

MOSCOW, RUSSIA – Russia does not see the risk of trading oil at a loss due to the redistribution of energy flows to the East - growing local markets will be able to "absorb" its supply, Russian Foreign Minister Sergey Lavrov said.Lavrov said this in an interview for the documentary...

The Gulf region is embracing the future of energy by investing in polysilicon production, crucial for solar panel manufacturing, with Qatar and Saudi Arabia leading from the front.

Masdar to buy 50 percent stake in Terra-Gen from ECP.

DUBAI, UAE – Chairman of the Dubai Supreme Council of Energy Sheikh Ahmed bin Saeed Al Maktoum chaired the 81st meeting of DSCE, which was held virtually.The Council reviewed updates of the demand side management strategy for 2030 and 2050, which set well-studied goals to reduce water and electricity consumption...

In 2023, the firm demonstrated strong financial results.

Iran sealed contracts worth billions of dollars with domestic companies to boost its oil production in the face of Western sanctions. In a ceremony broadcast on state TV, the oil ministry and Iranian businesses signed deals worth $13 billion to increase daily oil production in six major fields.

The Middle East is emerging as an important region in the battle against methane emissions, crucial for curbing global warming. say a latest IEA report.

RIYADH, SAUDI ARABIA – Non-oil activities in the Kingdom have achieved a historic milestone, reaching a 50 percent share of the country's real GDP in 2023 – the highest level on record, according to an analysis of the General Authority for Statistics data by the Ministry of Economy and Planning.This...

Rising fuel needs of ships rerouted away from the Red Sea also to increase demand, the International Energy Agency said. Commercial ships have been taking longer and costlier journeys around the southern tip of Africa to avoid attacks by Yemen's Houthi rebels in the Red Sea.

Tehran, Iran - Baghdad and Tehran are currently engaged in negotiations to facilitate the import of gas from Turkmenistan, with the Iraqi Minister of Electricity Luay Al-Khatteeb revealing that discussions are underway to utilize Iran's extensive network for the transportation of Turkmenistan's gas.Highlighting the challenges in establishing direct lines for...

Saudi Arabia said it transferred an additional eight percent stake from oil giant Aramco to firms owned by the kingdom's PIF sovereign wealth fund, according to state media. Aramco is the main source of revenue for Crown Prince and Prime Minister Mohammed bin Salman's ambitious economic and social reform program...

The duration of each contract is of 22 months.

Abu Dhabi, UAE - The Emirates Nuclear Energy Corporation (ENEC) on Friday announced that its operating and maintenance subsidiary, Nawah Energy Company, has successfully started-up the reactor of Unit 4 of the Barakah Nuclear Energy Plant (Barakah Plant).The reactor has begun initial production of heat through nuclear fission, used for...

PARIS, FRANCE – Energy-related carbon dioxide emissions rose to a record level in 2023, but the growth slowed from previous years thanks to continued expansion of clean technologies, the International Energy Agency said on Friday.CO2 emissions from energy rose by 1.1 percent in 2023, increasing by 410 million tonnes to a record...

Paris, France - Extraction of Earth's natural resources could surge 60 percent by 2060, imperiling climate goals and economic prosperity, the UN said on Friday, calling for dramatic changes in energy, food, transport and housing.Enormous expansion of infrastructure, energy demand and consumer consumption over the last half century, particularly in wealthier...

BEIJING, CHINA – The China National Offshore Oil Corporation (CNOOC) has announced the recent discovery of the largest metamorphic rock oilfield in the Bohai Sea.According to China Central Television, the Bohai 26-6 oilfield, situated approximately 170 kilometers from Tianjin Municipality, has recently confirmed an unprecedented volume of oil and gas...

At the start of this month, Qatar said it would supply 7.5 million tonnes of LNG per year for 20 years to India's Petronet, with the first deliveries expected from May 2028. QatarEnergy in January announced a deal with US-based Excelerate Energy to supply Bangladesh with 1.5 million tonnes of LNG...

LONDON, UK – The price of natural gas in Europe fell again on Friday, taking it to its lowest in almost three years as mild winter weather continues and European stockpiles hold up.Mid-morning on Friday, the benchmark Dutch TTF futures contract was down 3.2 percent at US$24.3 (22.45 euros) a megawatt-hour...

During his meeting with OPEC Secretary General Haitham Al Ghais, Albudaiwi praises the significant efforts of OPEC and its crucial role in maintaining the stability and balance of oil markets and addressing future challenges, in coordination with member states of the bloc.

The invasion of Ukraine by Russia triggered a massive shift by European nations away from Russian natural gas delivered by pipelines, with prices for LNG soaring as they competed on international markets for limited supplies. With a limited number of import terminals, European nations were also forced to undertake measures...

THE HAGUE, NETHERLANDS -  A Dutch court quashed an appeal by Russia in a record $50-billion case on Tuesday, paving the way for a payment to former shareholders of dismantled oil giant Yukos.The decision is the latest in a legal tug-of-war over Yukos which broke up in the early 2000s after...

Technology investment and corporate partnerships can play a crucial role in driving significant emission reduction, Hans Kobler of Energy Impact Partners tells TRENDS.