To forestall the crippling effects of climate change, Saudi Arabia and the UAE have put on track projects worth billions of dollars to significantly lower emissions.

TAQA, the Abu-Dhabi government’s energy holding company, has reported a 42 percent jump in its net income for HI 2021 to $790 million compared to the same period last year, after a big contribution from the oil and gas segment.

The project, Saudi Arabia's first, is being developed by leading renewable energy companies EDF Renewable and Masdar.

India's new Minister for Petroleum and Natural Gas, Hardeep Singh Puri,  makes courtesy calls to his counterparts in major oil producing countries in the Gulf, including Saudi Arabia, UAE, Qatar and Kuwait.

Private generator business is about $6-$10 billion, each household spends on average $100-200 per month on electricity

Iran decided last month to cut power supplies to Iraq, saying the it owes it more than $6 billion in arrears. That has left Wataniya unable to keep up with soaring demand in the country.

With the bloc pumping less than needed, prices are set to be volatile, says IEA Oil demand is expected to rise by another 3.3 mbd in the three months The UAE’s deliberations with OPEC+ regarding its position on an extension of an oil supply deal are still underway, the Gulf...

A study led by the American University of Sharjah has claimed to have improved fuel cells for hydrogen-run cars that increases their efficiency and life manifold Current polymer-electrolyte fuel cells function at 800C,which leads to liquid build-up inside them A study led by the American University of Sharjah has claimed...

The visits by Egypt's president and Jordan's king came as Iraq seeks to move closer to Arab allies of the US in the Middle East The summit discussed ways of bolstering cooperation between Iraq, Jordan, Egypt in the fields of security, energy, trade     Egypt, Jordan and Iraq agreed...

GE will help Iraq develop power infrastructure It will also promote clean energy in the country General Electric (GE) will help Iraq develop power infrastructure and promote clean energy in the country. The plan includes several key pillars that support the government’s goals to enhance Iraq’s power infrastructure, as well...

    With its abundant sunlight and wind resources, the Middle East could be the hub of renewable energy The latest country to enter the race is Egypt with its $4 billion investment plan   Hardly a week goes by when there is not a new announcement made by a...

    The decision to go nuclear is geared to reduce the country’s external energy dependence Iraq currently uses electricity, gas imports from neighboring Iran to generate around a third of its electricity Iraq, which suffers chronic electricity shortages, wants to construct eight nuclear power reactors by 2030 in order...

Thirteen imported electric vehicles will be tested on Egyptian streets from next month The plan is in line with the global trend to have more less-polluting electric cars Taking a cue from the global trend towards manufacturing electric cars in bulk, Egypt will begin testing electric cars on the country’s...

Founded by Ahmad Atwan, VC Fuel intends to raise $100m for debut venture fund and seek $500m for an infrastructure vehicle Plans to invest in companies that at scale can remove 500m tons of carbon per year Founded by Ahmad Atwan, a former Morgan Stanley managing director, VC Fuel intends...

  Morocco to transition to renewable source of energy The country will team up with the Abu Dhabi-based International Renewable Energy Agency to speed up the energy transition Morocco has set its sights on becoming a major green hydrogen producer, and in this regard it will be working with the...

Egypt and Saudi Arabia will soon launch the African country’s electrical interconnection project This will increase grid capacity to 2,000 megawatts   Egypt and Saudi Arabia will soon launch the African country’s electrical interconnection project, said local reports on Tuesday, June 15. This “major scheme” will increase grid capacity to...

Goldman Sachs believes rollouts of more vaccination against Covid around the world could boost economic activity and demand for oil

First gas from the find to consumers expected in time for Turkey's  centenary celebrations in 2023 Exploration work has resulted in the discovery of a new well with 135 billion cubic metres of reserves President Recept Tayyip Erdogan on Friday announced a new natural gas discovery in the Black Sea...

  It has teamed up with the region's largest biofuel producer to help fuel the site's transportation network This is part of kingdom’s commitment to renewable energy   Saudi Arabia will adopt a novel way of running transport in its Red Sea Project by the use of old cooking oil....

Majority of tenders issued are part of Bahrain’s $32 billion infrastructure development plans Oil and gas $767m, aviation $382m, construction and engineering $194m, materials and equipment $119m     Bahrain has issued government contracts worth $1.6 billion for the first three months, up 23 percent over the same period last...

MoU covers energy performance contracting projects, solar on-grid installations,  IT solutions Etihad Energy Services currently retrofitting buildings in DP World's Dubai Maritime City DP World (UAE Region) is planning to expand its ongoing energy collaboration with Dubai Electricity and Water Authority’s wholly-owned subsidiary Etihad Energy Services Company to renewable solar...

The plants are expected to have a combined output of 400 MW  The projects are being implemented on a public-private partnership The Ministry of Energy of Uzbekistan has announced that Abu Dhabi Future Energy Company, aka Masdar, has won tenders for two solar plants in that country, which are expected...

IEA has said renewable sources of energy grew at their fastest clip in 2020 in this millennium The world added enough infrastructure to produce 280 GW of energy via renewable sources in the year gone by   Wind, solar and other renewable sources of electricity showed in 2020 their fastest...

Concrete can possibly be a source of energy, says researchers Cement has potential to produce enough power to meet energy demand Scientists are looking at ways of making your home and office walls, floor, and ceiling made of cement store energy like a large battery to fulfill the energy demand....