The project will be used to make power and desalinate water.

The UN's Environment Program said government fossil fuel production plans this decade were "dangerously out of sync" with emissions goals.

Governments should avoid using general subsidies as a way to soften the blow from recent high energy prices, said Paulo Medas from the IMF's Fiscal Affairs Department. Broad subsidies are expensive, so policymakers instead should use targeted aid to help low-income families, he added.

The Saudi Industrial Development Fund has unveiled a set of programs and initiatives as part of its annual meeting to empower the private sector today.

This is the latest in the several agreements the two companies have had over the years.

Demand for gas in the region eclipses global demand by more than twofold, the second highest in the world in terms of growth, second only to the Asia-Pacific, the Kuwait-based oil group said amid virtual talks hosted by industry journal Petroleum Economist over liquefied natural gas (LNG) output in the...

Iran’s Oil Minister Javad Oji has reportedly said the country requires at this investment to maintain the production level of the gas fields over the next six to eight years. Meanwhile, a project to study methods to increase the recovery factor gas fields will start by late March 2022.

Abu Dhabi-based renewable energy company Masdar on Thursday announced it will develop five solar photovoltaic (PV) projects in Iraq with a combined capacity of 1 gigawatt (GW). The company signed an implementation agreement with Iraq’s Ministry of Electricity and the National Investment Commission to develop a 450-megawatt (MW) plant in...

Europe's reference Dutch TTF gas price hit 162.12 euros per megawatt hour and UK prices leapt to 407.82 pence per therm in morning deals.

Apicorp is a multilateral development financial institution.

The UAE-based company will now focus on providing ‘Energy for change’.

World’s proven crude oil reserves stood at 1,549 billion barrels in 2020, increasing by 0.2 percent from the level of 1,546 billion barrels recorded in 2019, according to the 2021 edition of its Annual Statistical Bulletin. The publication contains time-series data detailing key aspects of the petroleum industry, such as...

Expo 2020 Dubai boasts some unique pavilions. Here’s a look at the most engaging among them.

Barkindo underscored the importance of the efforts by the Declaration of Cooperation (DoC) Participating Countries in accelerating the rebalancing process in the global oil market.

DEWA has implemented Fourth Industrial Revolution technologies, such as Artificial Intelligence, Cloud Computing and the Internet of Things to drive the transition to a low-carbon future while contributing to sustainable and inclusive economic development in the UAE and globally

The cartel's world oil outlook goes against the vision of the International Energy Agency, which warned in May that demand must fall over the next decades for the world to meet its climate goals.

With the rollout of vaccines and easing of lockdowns this year, bets on demand for the black gold have surged, while an energy crunch in the northern hemisphere has sent natural gas prices to a seven-year high leading to a spillover into the oil market.

Banking firms in the Arabian Gulf countries dominate the list of top companies in terms of market capitalization with Saudi players leading from the front.

The 'right prices' must fully reflect both supply costs and environmental costs, especially carbon emissions and local air pollution, said IMF chief Kristalina Georgieva.

Kajiyama Hiroshi, the economy, trade and Industry minister of Japan, said that Middle Eastern countries are important partners in creating a hydrogen-based society.

Demonstrators blocked the entrance to the airport and a bridge linking Kassala State in the east with the rest of the country.

The United Nations has called for the world to redouble its renewable energy efforts to avert a climate emergency.

The move aims to further enhance bilateral investment relations by making use of the opportunities offered by Saudi Vision 2030.

DUBAI: As many as 23 factories that will manufacture solar panels and systems will be set up across Saudi Arabia, according to Saudi Authority for Industrial Cities and Technology Zones (Modon). The plants will be established in 12 industrial cities, including Riyadh, Sudair, Al-Kharj, Dammam, Jeddah, Al-Madinah and Al-Baha as...

The United Arab Emirates will become a major player in emerging blue hydrogen market, according to the CEO of the Emirates’ largest oil company.

Gas will be sourced from SNOC's own resources and ADNOC imports.

Kuwait is one of five countries that negotiated a higher baseline for its quota in a July 18 OPEC+ meeting.

Dragon Oil to double output by 2026

DUBAI: The UAE has the foundations and competitive advantages to become one of the largest producers of low-carbon hydrogen in the world, a report said. The report, ‘The United Arab Emirates’ Role in the Global Hydrogen Economy’, details the importance of hydrogen as a potential fuel of the future and...

The company has partnered with Dubai Silicon Oasis Authority for energy optimization and efficiency of the campus.

Adnoc has inked deals with British Petroleum and Masdar for this.

The UAE has vowed to invest £10 billion ($13.8bn) in the UK over five years as Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed met British Prime Minister Boris Johnson

Lebanon has been without a government for more than a year, and the main priority of Prime Minister Najib Mikati's newly-selected cabinet would be to guarantee petrol and electricity supplies and curb other shortages that are crippling the country.

Oman’s Environment Authority and Petroleum Development Oman have reportedly discussed the policy draft with the United Nations Environment Program.

The optimistic forecast comes as the OPEC cartel nations and their allies are beginning to raise output to meet recovering demand.

The bank will make the investment over the next two years.

The power consumption of the farms equaled that of 2 million people.

Adnoc, Adnoc Drilling, and H&P have formed an alliance for this.

The scope of the cooperation covers potential joint opportunities in Mena, South East Asia, Europe, and other regions of mutual interest.

The consortium, called Pearl Petroleum Company Limited, is led by Dana Gas and Crescent Petroleum, both of which are from the UAE. The development will help in meeting the rising demand for clean natural gas for electricity generation and industry in the KRI.

Aramco, with this partnership, will focus on driving sustainability in the region through digital transformation.

The conflict has ravaged electricity networks as well as oil and gas infrastructure across the country

This happened as part of a program aimed to change the attitudes of household consumers towards the proper use of energy resources.

The French firm, formerly called Total, will now build four power projects in Iraq.

Emergency workers tried to contain the spillage by roping it off with booms tossed from ships some 15 nautical miles off the shore

The Energy Ministry could face serious problems in meeting electricity demand in winter if power plants did not get fuel

Nearly a century after doctors first issued warnings about the toxic effects of leaded petrol, Algeria -- the last country to use the fuel -- exhausted its supplies last month

The price of the basket was $70.59 on August 25

Iraq has signed a deal with China to build a set of solar power plants that would produce 2,000 MW of clean, renewable energy for the power-starved, oil-rich country.

Saudi Arabia is constructing two renewable energy plants as part of the kingdom’s plan to generate 50 percent of its energy from renewables.