- 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...
Oman to generate 25 GW of solar, wind energy
The country aims to produce 25 gigawatts (GW) of renewable solar and wind energy, which will be used to produce over 1.5 million tons of carbon-free hydrogen per year.US, Iran spar over stalled nuclear talks and demands
Iranian foreign ministry spokesman Saeed Khatibzadeh said that the country's negotiators would not return to Vienna, the site of the year-long talks to restore the nuclear deal — formally called the Joint Comprehensive Plan of Action (JCPOA) — until Washington settles outstanding issues.Britain may build seven nuclear power plants by 2050
Britain could build up to seven new nuclear power plants by 2050, as well as offshore wind to diversify energy sources, a senior minister said Sunday.Gulf countries warm up to waste-to-fuel plans
Here’s a broader look at how the region has prioritized solid-waste recycling and the production of alternative fuels to deal with the trash they generate.Iraq exports oil worth $11bn in March, a fifty-year record
Iraq exported $11.07 billion of oil last month, the highest level for half a century, as crude prices soared amid shortfall fears following Russia's invasion of Ukraine, the oil ministry said.US allies agree to tap emergency oil reserves again
IAE repeated its warning that the prospect of large-scale disruptions to Russian oil production "is threatening to create a global oil supply shock".Algeria warns of possible gas price rise for Spain
Algiers last month recalled its ambassador from Madrid in protest at a decision by Spain to back a Moroccan autonomy plan for the ex-Spanish colony of Western Sahara.OPEC+ sticks to modest oil output increase despite Western pressure
The 13 members of the Saudi-led OPEC and 10 countries spearheaded by Russia backed an increase of 432,000 barrels per day in May, marginally higher than in previous months.Qatar to invest $5bn in Egypt, with an eye on offshore gas
The move is being seen as another sign of a growing rapprochement between the two countries following last year's restoration of ties.Bolsonaro removes Petrobras president after surge in fuel price
Brazilian President Jair Bolsonaro decided on Monday to replace the president of state-owned oil giant Petrobras, Joaquim Silva e Luna, amid strong pressure due to recurrent increases in fuel prices.Saudi minister says oil volatility would be worse without OPEC+
Volatility on oil markets sparked by Russia's invasion of Ukraine would be worse without OPEC+, the Saudi energy minister said on Tuesday, insisting the alliance that includes Russia deserves credit.Gulf region will boost global clean energy security: Al Kaabi
Mubadala’s UAE Investment chief Musabbeh Al Kaabi said on Monday that the Gulf region will play an increasingly important role in protecting global energy supply chains in the coming decades as the world transitions to alternative forms of energy. He said this during his participation in the Global Energy Forum,...UAE reaffirms OPEC+ commitment, says West must be ‘reasonable’
The United Arab Emirates on Monday urged Western countries to be "reasonable" in their expectations, underlining its commitment to the global OPEC+ energy alliance.Earth Hour: ENOC group stresses on lesser energy consumption
All service station forecourts including Service Station of the Future at Expo 2020 Dubai remained dark for an hour.Sanctions on Iran’s revolutionary guards to stay despite nuke deal: US
Iran has been engaged in negotiations to revive the accord with Britain, China, France, Germany and Russia directly and the United States indirectly since April 2021.Qatar signs Global Methane Pledge, to lower emissions by 30 percent
Rapidly reducing methane emissions is the most effective strategy to limit global warming in the near term and keep 1.5 degrees Celsius within reach.Jordan, USAID launch project to support energy sector
The Ministry of Energy and Mineral Resources and the United States Agency for International Development (USAID) in Jordan have launched a project to support the kingdom's energy sector. Jordanian media reports said the USAID-funded project valued at $40 million will be implemented over a five-year period, citing a statement from...Jordan to soon resume oil imports from Iraq’s Kirkuk fields
Jordan imports crude from Iraq under an MoU that was signed by the two governments on January 28 last year.Yemen rebels attack oil facilities near Saudi F1 track
Friday's attacks targeted ‘Aramco facilities in Jeddah and vital facilities in the capital of the Saudi enemy, Riyadh’, tweeted Houthi military spokesman Yahya Saree. The Saudi Arabi-led coalition forces fighting the Iran-backed Houthi rebels in Yemen confirmed the Jeddah attack.US indicts 4 Russians who targeted energy sector, including Saudi facility
The Russian hackers tried their exploits on thousands of computers at hundreds of companies in 135 countries between 2012 and 2018, which included energy-sector targets such as a US nuclear power operator and a Saudi petrochemical facility, the US Justice Department has said.Canada torn between economy, climate in deciding oil project
Environment Minister Steven Guilbeault will soon face his first major test in deciding on a new offshore oil project.Blinken to travel to Israel, West Bank, Morocco, Algeria
US Secretary of State Antony Blinken will travel to Israel, the West Bank, Morocco, and Algeria over March 26-30 to discuss the Ukraine war, Israeli-Palestinian relations, the Iran nuclear deal, and gas from Algeria, among other things, the US State Department has announced.Unit 2 of Barakh Nuclear Energy Plant starts operations
The Emirates Nuclear Energy Corporation (ENEC) announced today the start of commercial operations of Unit 2 at the Barakah Nuclear Energy Plant. Unit 2 adds 1,400 megawatts of zero-carbon emission electricity to the national grid, bringing the total produced by Units 1 and 2 to 2,800 megawatts and further securing...Aramco to launch new projects
Aramco will start 140 new projects in the next three years.In fair phase-out of oil, gas-rich nations should stop first: Report
For a 50/50 chance of limiting the rise in global temperatures to 1.5C, 19 countries in which per capita GDP would remain above $50,000 without oil and gas revenue must end production by 2034. Included in this tranche are the US, Norway, Britain, Canada, Australia, and the United Arab Emirates.Oil prices soar on Saudi, Russian supply fears
Oil prices soared Monday as a weekend attack on Saudi facilities and discussions among European Union members over banning Russian crude raised concerns about global supplies. Top producer Saudi Arabia warned that Yemeni rebel attacks on the kingdom's oil facilities pose a "direct threat" to global supplies, while Baltic states...Russia warns embargo on its oil imports will impact everyone
An embargo on Russian oil imports, pushed for by some European countries over Moscow's military action in Ukraine, would have a direct impact on everyone, the Kremlin said Monday.Japan presses UAE to pump more oil as Ukraine war spikes prices
The plea by Japan's Foreign Minister Yoshimasa Hayashi came during meetings with Emirati officials which coincided with a visit by Germany's economy minister.Germany to ‘fast-track’ gas terminals as part of Qatar deal
Germany has committed to "fast track" the construction of two liquefied natural gas terminals as part of a new long-term deal with Qatar as it looks to reduce dependence on Russian gas, the Gulf state said Sunday. Qatar has insisted on long contracts because of the huge cost of investing...Houthi drone attack causes ‘temporary reduction’ in Saudi oil
Top crude exporter Saudi Arabia announced a "temporary reduction" in oil output at a facility run by energy giant Aramco on Sunday, after Yemen's Houthi rebels launched multiple cross-border attacks.GCC airfares soar as oil prices rise
The amplifying factors include sanctions against Russia’s aviation sector, which cast a global pall over the aviation industry.Italy to tax energy profits to ease price burden
The amount generated is expected to help families and businesses struggling with high bills.UAE foreign affairs minister stresses peaceful resolution of Ukraine conflict
The ministers of UAE and Russia discussed cooperation between the two countries and ways to enhance the bilateral strategic partnership in various fields. Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, met today with Sergey Lavrov, Minister of Foreign Affairs of the Russian Federation, in...Ukraine conflict could cut global economic growth by one point: OECD
Those countries "that have a common border with either Russia or Ukraine" would be particularly affected, while bearing the brunt of refugee flows from Ukraine, said the OECD report.OPEC projects UAE economy to grow rapidly in 2022
OPEC Monthly Oil Market Report has predicted the UAE's economic growth to quicken in 2022.Oil prices plunge on China lockdowns, stocks diverge
Oil prices plunged on Tuesday as China, a major energy consumer, placed nearly 30 million people under COVID lockdown, and Hong Kong and Chinese mainland stock markets dove, while Wall Street stocks rallied. Brent oil futures finished under $100 a barrel for the first time in nearly three weeks, reflecting...Morocco to support transporters during fuel price spike
The Moroccan government faced weeks of pressure over rising prices, in a country heavily dependent on imports of energy and cereals.Power restored at Ukraine’s Chernobyl: IAEA
Power has been restored at Ukraine's Chernobyl nuclear power station, the site of the world's worst nuclear disaster in 1986, the International Atomic Energy Agency said late Monday. Separately, Ukraine's state nuclear operator Energoatom accused the Russian military of detonating ammunition at the Zaporizhzhia nuclear power station in the country's...Solar switch may put off electricity crisis in Lebanon
Lebanon's energy industry sees a loss of up to $2bn every year as state treasury pays over $50bn in advances to Electricité du Liban. Can solar power offer relief to general public?Arab Youth Council and HSBC to educate Arab students about climate action
HSBC sponsors the program that provides open-source sustainability skills, ideas and solutions to all university and college students in the MENA region.UK PM may visit Saudi Arabia to lobby for uptick in oil output
Britain on Sunday defended lobbying Saudi Arabia to up its oil output as energy sanctions on Russia hit Western consumers, after the Gulf kingdom executed a record number of prisoners.Qatar may dislodge Russia to be Germany’s energy supplier
In order to lower its dependence on Russian oil and gas, Germany is looking toward Qatar to fulfill its energy needs.US seized cargo of ships allegedly carrying Iranian crude
Several weeks ago US authorities seized the oil which they said left Iran in 2020 and was then transferred to other vessels using surreptitious means.Ukraine war affects green energy transition
The EU, IEA, and NGOs stress that the development of renewable energy sources and biogas must be accelerated.Can Gulf producers tame oil prices?
However, Gulf countries have an interest in acting in coordination — both within OPEC, and with Russia-led allies in the OPEC+ group — to avoid a price war and keep control over the market.US tells oil majors it needs more supply
The surge in energy costs is a consequence of Russia's invasion of Ukraine, which prompted Washington and its European allies to impose tough sanctions on Moscow, including a US ban on Russian oil imports that was announced by President Joe Biden on Tuesday.Kyrgyzstan and Ras Al Khaimah to expand cooperation in investment, trade
Kyrgyzstan and the UAE have discussed enhancing the investment and trade cooperation between the two sides. Mohamed Ali Musabbeh Al Nuaimi, Chairman of the UAE’s Ras Al Khaimah Chamber of Commerce and Industry, and Abdilatif Jumabaev, Ambassador of Kyrgyzstan to the UAE represented their countries in a meeting. The meeting...Western nations halt Russian oil as Ukrainians flee
The United States led a Western assault on Moscow's economic lifeline Tuesday, banning imports of Russian oil as civilians fled besieged Ukrainian cities in a desperate evacuation push blighted by Russian shelling. President Joe Biden heralded the US embargo as a hit on "the main artery of Russia's economy" targeting...KSA, UAE lead GCC’s push for hydrogen economy
Striking partnerships with companies in the West have helped the two Gulf countries emerge as one of the major exporters of hydrogen to the world.Yemen rebels back UN proposal for abandoned oil tanker
Yemen's Huthi rebels have signed a UN agreement hoped to help stop a rusting oil tanker in the Red Sea becoming an ecological and humanitarian catastrophe, officials said Monday. The 45-year-old FSO Safer, long used as a floating oil storage platform with 1.1 million barrels of crude on board, has...



















































