INSEAD Day 4 - 728x90

energy

Samsung biggest chip investor

The tech giant invested nearly $59.2bn in 2025.

flynas to set up new hub

Five destinations in first phase of operations.

AD Ports Group acquires CLI

CLI is Brazilian agri-bulk terminal operator.

$1.59bn Makkah project awarded

A consortium will develop two districts in the Holy City.

2PointZero posts profit surge

Growth driven by merger consolidation.
  • UAE says global pacts can help face labor related challenges

    The UAE highlighted the significance of complying with international work standards and developing partnerships that empower countries to overcome the future challenges of the labor markets across the globe.
  • German chancellor to visit Saudi seeking energy support

    Scholz, whose two-day trip next weekend will also take him to Qatar and the United Arab Emirates, becomes the latest Western leader to meet with the Crown Prince Mohammed bin Salman. In July, French President Emmanuel Macron held talks with the crown prince in Paris, and US President Joe Biden...
  • Iran President seeks US guarantees to renew nuclear deal

    "We cannot trust the Americans because of the behavior that we have already seen from them. That is why if there is no guarantee, there is no trust," he told CBS News. Former president Barack Obama negotiated the agreement under which Iran drastically scaled back nuclear work in return for...
  • Dubai reduced carbon emissions by 21 percent in 2021

    The Dubai Supreme Council of Energy had a virtual meeting in which it was revealed that Dubai had reduced carbon emissions by 21 percent in 2021.
  • Electricity shortage pushes South Africa towards blackouts

    On an eight-notch scale of rolling blackouts, the country has reached the sixth critical stage. Level six was seen in June in the middle of the southern winter amid an increase in energy consumption and pressure on production.
  • DEWA CEO briefs Utah House of Representatives delegation

    MD & CEO of Dubai Electricity and Water Authority (DEWA) Saeed Mohammed Al Tayer met a delegation from the Unified Economic Opportunity Commission of the Utah House of Representatives, USA.
  • IAEA says Ukraine nuclear plant reconnected to national grid

    Days after it was cut off from external power, raising the risk of an accident, Ukraine's nuclear plant is receiving power from the national grid once again. The Russian-occupied plant had been cut from the grid since September due to shelling. The IAEA said the plant now has the electricity...
  • Activists thwarts offloading of Russian gas in Finland

    HELSINKI, FINLAND - Activists from environmental group Greenpeace blocked a shipment of Russian gas from unloading at a liquefied natural gas (LNG) terminal in northern Finland, the terminal owner and Greenpeace said. The activists demanded Helsinki stop importing Russian gas after Russia's President Vladimir Putin invaded Ukraine more than six...
  • UAE, Uruguay discuss cooperation in various fields

    Speaker of the UAE Federal National Council (FNC) Saqr Ghobash discussed with Uruguay's Minister of Livestock, Agriculture and Fisheries Fernando Mattos Costa the prospects for joint cooperation in several fields.
  • Germany seizes Rosneft’s subsidiaries

    Berlin took control of the German operations of Russian oil firm Rosneft to secure energy supplies which have been disrupted after Moscow invaded Ukraine. Rosneft's German subsidiaries, which account for about 12 percent of oil refining capacity in the country, were placed under trusteeship of the Federal Network Agency, the...
  • Shell says CEO stepping down at end of 2022

    The outgoing CEO, 64, has presided over a tumultuous time at the energy titan, weathering collapsing oil prices in 2020 as Covid lockdowns ravaged demand.
  • Fossil-fuel subsidies hinder MENA’s energy transition

    Improving social safety net may provide the space needed to end subsidies, while investment in renewable energy can cut costs and protect households from high prices.
  • ENEC shares expertise at cyber energy leadership forum

    The Emirates Nuclear Energy Corporation (ENEC) hosted the first edition of the CyberEnergy Leadership Forum (CELF) in Abu Dhabi. Over 117 experts from government, semi-government and private sector gathered to discuss best practices to enhance the cyber resilience of the energy sector in the UAE and globally.
  • Rosneft H1 net profit up 13%

    The energy giant's H1 net profit rose to $7.2 billion.
  • Drop in German investors confidence sparks recession fear

    BERLIN, GERMANY - German investor confidence fell in September for a third straight month, a closely watched survey showed on Tuesday, fueling fears of a looming recession in Europe's biggest economy. The ZEW institute's economic expectations index dropped 6.6 points from the previous month to minus 61.9 points, as soaring...
  • Saudi Arabia launches three new iron and steel projects

    An integrated iron sheet production complex with a capacity of 1.2 million tonnes per year is one of the projects.
  • Work on world’s largest waste-to-energy project nearly completed

    Dubai, UAE - Dubai Municipality said Monday 85 percent of of Dubai Waste Management Centre (DMWC), world’s largest waste-to-energy project, has been completed. Its construction began in 2021 as a step toward projecting Dubai as a global model for sustainable development, local media reports said. DWMC reflects Dubai’s commitment to...
  • UAE solar energy leader in Arab world

    Arab countries are constructing solar and wind energy plants with a total capacity of 73.4 gigatons, which is nearly five times the region's current renewable energy production.
  • Stock markets rally, as euro briefly surges

    Stock markets rallied Monday, building on pre-weekend momentum as investors priced in the expectation of further interest rate hikes aimed at taming decades-high inflation. The euro surged, a day after German central bank chief Joachim Nagel signaled that the European Central Bank (ECB) would probably continue raising its key rate.
  • Norway skeptical about EU proposal on gas price cap

    Norway, which has replaced Russia as Europe's leading supplier of natural gas, dashed the hopes of EU member states who wanted a cap on gas prices. After his phone call with European Commission President Ursula von der Leyen, Norway's Prime Minister Jonas Gahr Store said he was "skeptical" about a...
  • UN urges EU against fossil fuels in energy crisis

    The UN urged EU countries on Monday to continue battling climate change and not resort to more fossil fuels in their response to soaring energy prices and fears of winter shortages. Russia has reduced supplies of gas to Europe since its invasion of Ukraine, sending prices for the fuel soaring.
  • Gas shortage threatens French yoghurt production

    The French are big on yoghurt, behind only the Dutch in consumption per capita. It is not only a breakfast staple, but often eaten with lunch or as a snack.
  • Power-starved Lebanon turns to solar energy

    Lebanon's economy collapsed in 2019 after decades of corruption and mismanagement, leaving the state unable to provide electricity for more than an hour or two.
  • World Green Economy Summit 2022 theme revealed

    Dubai Electricity and Water Authority (DEWA) and the World Green Economy Organization (WGEO) announced that the theme of the 8th World Green Economy Summit (WGES) is "Climate Action Leadership through Collaboration: The Roadmap to Net-zero."
  • UN head appeals to world to end reliance on fossil fuels

    Calling on the world to put an end to the war with nature by investing in renewable energy now, UN head Antonio Guterres said Pakistan and other developing countries are paying a horrific price for the intransigence of big emitters that continue to bet on fossil fuels.
  • ADNOC to supply natural gas to Dubai for clean energy transition

    ADNOC says domestically produced natural gas is more commercially competitive compared to imported coal or gas and it will support economic growth while lowering emissions when used as a substitute for coal in power generation.
  • Germany’s third-largest gas importer seeks government aid

    German gas company VNG on Friday became the latest European energy firm to seek government aid as reduced Russian pipeline flows pushed up energy prices and put its business under stress. VNG, Germany's third-largest gas importer and storage operator, asked for support to "avert further losses" and allow the group's...
  • EU ministers seek ways to face energy shock

    Moscow's invasion has seen the price of natural gas hit record levels, throwing the EU economy into deep uncertainty with all eyes on whether Russian President Vladimir Putin will cut off the energy flow entirely. Before the war, 40 percent of the EU's gas imports came from Russia, with most...
  • Gas to flow ‘in weeks’ from Israeli licensed field disputed by Lebanon

    Israel says the Karish field is located entirely within its exclusive economic zone, but Lebanon insists that part of the field falls within its own waters. The US has mediated in the dispute, which escalated in early June when Energean brought a production vessel into the field.
  • UAE leads GCC towards circular carbon economy

    The UAE ranks highest among GCC economies and 12th overall in the first edition of the Circular Carbon Economy Index that focuses on energy management of the countries.
  • Energy majors exaggerating green performance: analysis

    Campaigners say this "significant misalignment" between communication strategies and business plans could allow five of the biggest privately-owned energy firms to continue to delay the decarbonization needed to avoid the worst impacts of climate change.
  • Digitalization helps GCC realize decarbonization goals

    Firms in the region are increasingly augmenting their focus on operational transformation with new approaches to manage and optimize energy consumption, says an expert.
  • EU seeks closer ties with gas-rich Qatar, opens office in Doha

    The European Union opened an office in Qatar on Wednesday in a sign of the Gulf state's growing influence in solving the international energy crisis. EU council president Charles Michel was to meet the emir of Qatar, Sheikh Tamim bin Hamad al-Thani, and other top officials in Doha later in the...
  • Erdogan says West staging ‘provocations’ against Russia

    Erdogan has maintained good working relations with Russian President Vladimir Putin while trying to stay neutral in the conflict and supplying Ukraine with weapons and combat drones. Erdogan is expected to meet Putin at a regional summit in Uzbekistan next week.
  • UAE meets 42% of Japan’s crude oil needs in July

    Japan imported 81.05 million barrels of crude during July, of which 79.17 million barrels, or 97.17 percent, came from Arab countries.
  • Stocks push higher, but yen and euro under pressure

    European and US stocks rose Tuesday, but gains were capped by economic slowdown fears and central bank efforts to contain surging inflation. Frankfurt, London and Paris equities carved out gains despite poor German data, a day after tumultuous trading as Russia curbed gas supplies to Europe.
  • Mubadala Petroleum rebranded

    The company achieved the 500,000-boed milestone this year.
  • Algeria a ‘reliable’ gas supplier: EU chief Michel

    European officials have been looking to Algeria, Africa's biggest gas exporter, to fill a shortfall in supplies after Russia's invasion of Ukraine in February sent prices soaring. The situation has taken on added urgency in recent days after Russia halted gas deliveries to Germany via the key Nord Stream pipeline...
  • Despite sanctions, Russia energy exports vault to US$158bn

    In spite of the Western sanctions, Russia has raked in some $158 billion in energy exports in the six months since the war, with the EU accounting for more than half. Natural gas prices have jumped to record levels in Europe as Russia cut off supplies.
  • Iran hopes to see sanctions relaxed to export gas to Europe

    Tehran, Iran - Iran said Monday it hopes to see US sanctions eased or lifted to allow it to sell natural gas to Europe, easing the continent's shortfall as Russian energy exports are restricted. "Given Europe's energy supply problems triggered by the Ukraine crisis, Iran could provide Europe's energy needs...
  • ADNOC announces $548m contract for Lower Zakum field

    Abu Dhabi National Oil Company (ADNOC) Monday announced the award of a US$548 million (AED2.01 billion) contract to build a new main gas line at its Lower Zakum field offshore of Abu Dhabi.
  • Green hydrogen production in UAE to touch 5.7m tonnes in 2030

    Innovative technologies to produce green hydrogen using clean and renewable energy are witnessing rapid developments and studies indicate that green hydrogen production will increase by 57 percent annually to reach 5.7 million tonnes in 2030.
  • OPEC+ to meet in order to adjust quotas for October

    Faced with a bleak global economic outlook, the OPEC+ countries are expected to agree a modest increase in oil production at a meeting on Monday. The 13 members of the OPEC cartel, led by Saudi Arabia, and their 10 partners, led by Russia, are meeting to adjust their quotas for...
  • Iraq looks to neighbors for energy to overcome crunch

    Looking to tide over the persistent problem of a lack of energy supply in the country, particularly in the summer due to high temperatures, the Iraqi Ministry of Electricity says it needs 35,000 megawatts of energy to achieve self-sufficiency.
  • Russia sanctions not working, says Italy far-right leader

    The leader of Italy's far-right League party, Matteo Salvini, has sparked debate by saying that the unprecedented sanctions the West had imposed on Russia over the Ukraine invasion weren't working. "Several months have passed and people are paying two, three, even four times more for their bills," he told Rtl...
  • Sweden to provide guarantees worth ‘billions’ to energy firms

    Faced with a winter without the energy supplies from Russia, Sweden has turned to Nordic and Baltic energy companies promising them liquidity guarantees worth billions of dollars. It is an attempt to prevent a crisis sparked by Europe’s energy crunch, leading Swedish PM to say that it was facing the...
  • ‘Well prepared to tackle Russia’s gas embargo’

    EU Economy Commissioner Paolo Gentiloni said Saturday that the European Union was "well prepared" in the event of a total halt in Russian gas deliveries, thanks to storage capacity and energy-saving measures. "We are well prepared to resist Russia's extreme use of the gas weapon," he told reporters on the...
  • Clean energy is key for Indonesian economy, says IEA

    Indonesia has a viable path to reaching its target of net zero emissions by 2060, bringing major benefits to its citizens in the process such as more secure and affordable energy supplies, according to a new IEA report.
  • UAE keen to work with global partners to address energy issues

    A senior UAE official at the Ministry of Energy and Infrastructure said that his country is committed to collaborating with the international community to confront challenges facing the global energy sector.
  • West, Russia trade pressure on energy as Ukraine goes on attack

    The Group of Seven major industrial democracies vowed to move urgently to set a price cap on Russian oil imports, a crucial source of revenue for Moscow and its war in Ukraine. "Russia is benefitting economically from the uncertainty on energy markets caused by the war and is making big...