BAGHDAD, IRAQ -  Iraqi Prime Minister Mohammed Shia al-Sudani will travel to France on Thursday for energy and security talks with President Emmanuel Macron, he told AFP.Sudani, in written answers to AFP, said he wants to "activate the agreements" between oil-rich Iraq and France "particularly in the transport, energy and investment sectors".French...

DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) announced that it is participating in the 8th Dubai International Project Management Forum (DIPMF) as the organizing partner.DIPMF is being organized by the Roads and Transport Authority in Dubai (RTA) in cooperation with the Project Management Institute (PMI), DP World, and...

The rhetoric has shifted from talk of a recession in the 20-nation club to "a small contraction", she said, with some major economies like Germany possibly dodging a contraction altogether.

"It is unfair that many developing countries are demanded not to develop their special resources and to be independent in the field of energy, while they are still in need of development. Many countries see that rich nations are requesting them to stop developing their oil resources," he adds.

These companies also pledged to reach net-zero carbon no later than 2050. With buildings contributing 38 percent of all energy-related greenhouse gas emissions, leaders across all industries have a critical role to play in lowering their global real estate emissions, the World Economic Forum said in a statement.

Abu Dhabi, UAE-- The UAE has stressed the need for speeding up new investments in the energy sector in order to meet rising global demand as a number of OPEC+ member countries cut output.Speaking on the sidelines of the Global Energy Forum in Abu Dhab, Suhail bin Mohammed Al Mazrouei,...

ABU DHABI, UAE - European countries will eventually resume higher imports of Russian gas, Qatar's energy minister and gas company CEO predicted on Saturday, warning that market volatility could last for years.Russian gas exports to Europe plunged after Moscow's invasion of Ukraine but Saad Sherida al-Kaabi, head of QatarEnergy, said...

BAGHDAD, IRAQ - Iraq's Prime Minister Mohammad Shia al-Sudani left Thursday for Berlin to meet with German Chancellor Olaf Scholz and discuss projects to address chronic power shortages, the premier's office said.Despite its oil riches, Iraq is beset by crumbling infrastructure, endemic corruption and decades of war.Dependent on its powerful neighbor...

The study said impelling fossil fuel firms to use technologies to suck carbon from the air and bury it back in the ground would be a cost-effective decarbonization strategy.

We have strong doubts about the recession risk to the US economy and see demand from some of the world’s largest consumer underpin the price during a year where supply will continue to be managed by OPEC+ and US producers inability or unwillingness to ramp up production, he adds.

ADNOC said the company combines the operations, maintenance and marketing of the ADNOC Gas Processing and ADNOC LNG businesses into one global and market-leading consolidated business. ADNOC Gas will operate eight processing sites both onshore and offshore with a pipeline network of over 3,250km.

Doha, Qatar-- Qatar ranks first among the world’s top destinations for foreign direct investment (FDI), owing to its strong economic and investment momentum into 2023, according to the newly released "FDI Standouts Watchlist 2023" by fDi Intelligence.QNA said the report analyzes the macroeconomic and foreign direct investment (FDI) trajectory of...

EU nations have adopted a mechanism to cap natural gas prices, but analysts say it will likely have only a limited impact on reducing what businesses and households pay.

A mild winter has enabled countries to tap less gas from stocks that were built up in anticipation of cuts in supplies from Russia, which was Europe's main supplier before the war.

DUBAI, UAE  -  Dubai Courts signed a Memorandum of Understanding with Moro Hub, a subsidiary of Digital DEWA, the digital arm of Dubai Electricity and Water Authority, to enhance their collaboration in digital transformation and cybersecurity.Leveraging on Moro’s capabilities in the digital security field, the MoU will serve the society’s...

The TESTIAC project was implemented to increase the electricity generation capacity of gas turbines during high ambient temperatures in summer by using chilled water to cool the inlet air to gas turbines.

Iraq's prime minister appealed to visiting Italian counterpart Giorgia Meloni for closer economic ties with his oil-rich country suffering from power cuts and decaying infrastructure. Meloni, who leads the eurozone's third-largest economy, is on her first bilateral trip outside Europe. She is on a pre-Christmas visit to Italian troops posted...

Doha, Qatar – Qatar’s Industrial Production Index (IPI) rose by 2.5 percent in October 2022, compared to the corresponding month in 2021, reaching 99 points, a 3.3 percent decline compared to September 2022.The index, issued by the Planning and Statistics Authority on Tuesday, showed a decrease in the mining sector...

Germany plans to open four more government-funded LNG terminals over the next few months as well as a private terminal in the port of Lubmin.

AMMAN, JORDAN - Jordan has arrested dozens of people accused of involvement in protests against rising fuel prices in which a senior police officer was gunned down, the country's security agency said Saturday.Colonel Abdul Razzaq Dalabeh, the deputy police chief of Maan province, died of a gunshot to the head in...

Gas prices are high, albeit lower than during the middle of the year, spurring worries that European homes and businesses could face blackouts or unpayable bills, if not this winter then next.

Several EU countries, including France, Poland and Spain, want a price cap lower than the one proposed by the European Commission, with fewer conditions attached. Some EU countries including Germany, the Netherlands and Austria, view a too-rigid price cap as a threat to supplies, comporting the risk that deliveries could...

Paris, France--- French energy giant TotalEnergies said Monday that several teams were working in collaboration with the Lebanese Petroleum Administration to start drilling on its offshore gas project (Block 9) in Lebanon in 2023. “The call for tenders to secure the drilling rig has been launched and should lead to...

Riyadh, Saudi Arabia—Saudi Arabia has signed a memorandum of understanding (MoU) with Kuwait on Sunday to develop Al-Durra gas field shared between the two countries. President and CEO of Saudi Arabian Oil Company Eng. Ali Bin Saleh Al Ajmi signed the MoU for the Saudi side, while CEO Kuwait Gulf...

TRIPOLI, LIBYA - Libya's state energy firm urged its foreign oil and gas partners to resume exploration and production Tuesday assuring them security had begun to improve dramatically after clashes earlier this year. Rival administrations in east and west have vied for power since March, in a standoff that has...

BERLIN, GERMANY - The German government aims to put a stop to energy price hikes it sees as unjustified with planned gas and electricity price controls, Deutsche Presse-Agentur (dpa) reported Saturday. Price increases are to be prohibited until the end of 2023 - unless the supplier can prove "that the...

Ukraine welcomed a US$60 price cap on Russian oil agreed by the EU, G7 and Australia, saying it would "destroy" Russia's economy. The price cap, previously negotiated on a political level between the G7 group and the European Union, will come into effect with an EU embargo on Russian crude...

PARIS, FRANCE - Russia's invasion of Ukraine has driven countries across the world to boost energy efficiency, creating "huge potential" to tackle high prices, security and climate change, the IEA said on Friday. Governments have scaled up fossil fuel subsidies to cushion the impact of rising energy costs on households...

Move comes UK imposes windfall tax on energy firms.

LONDON, UNITED KINGDOM - Major oil producers are expected to stick to their current output strategy or even slash production further when they meet on Sunday in the face of falling prices, a potential Russian oil price cap and an embargo on Russian crude shipments. At their last ministerial session...

Awtad unconventional nonconventional gas field has been discovered southwest of Ghawar field, 142 km southwest of Al-Hofuf, says Saudi minister

QatarEnergy's partner, US firm ConocoPhillips, will supply the gas from Qatar's North Field East and South projects from 2026 to the Brunsbuttel LNG terminal being developed in northern Germany, said Saad Sherida al-Kaabi, Qatar's energy minister and CEO of QatarEnergy.

BRUSSELS, BELGIUM - EU energy ministers met Thursday to debate measures to mitigate the energy crunch in Europe but were divided over a gas price cap proposal slammed by many as a "joke". They were to discuss a proposal by the European Commission, unveiled just two days earlier, that would...

With its revenues buoyed by high hydrocarbon prices over the past year, Algeria intends to double its defense budget to $23 billion next year. Africa's top natural gas producer has seen a spike in tensions with its neighbor Morocco over the disputed Western Sahara.

The deal "marks the longest gas supply agreement in the history of the LNG industry", said Saad Sherida Al-Kaabi, Qatar's energy minister and QatarEnergy's chief executive.

An Israeli official told AFP that the strike on the tanker was "an Iranian provocation" that aimed to "disrupt the environment" before the football World Cup opens in Qatar on Sunday. The official, who requested anonymity, said the attack was carried out with the "same drones that the Iranians are...

The alliance had committed to phasing out oil and gas production when it was launched at UN climate talks in Glasgow last year, hoping to inspire a global movement toward ending fossil fuels. A year later it has just signed up two countries as new friends but no large fossil...

Sharm el Sheikh, Egypt—Kuwait is planning to achieve carbon neutrality in the oil and gas sector by 2050 and across the country by 2060. In this regard, Kuwait intends to embrace a national strategy to achieve the target, according to Kuwait's Environment Public Authority chief. This stems from the country's...

While Europe scrambles to replace Russian energy supplies in the wake of the war in Ukraine, Slovenia has signed a three-year deal with Algerian state energy firm Sonatrach to buy gas via a pipeline through Italy from January. Slovenian foreign minister attended the signing ceremony along with her Algerian counterpart.

It comes after Lebanon and Israel said in October that they had struck an "historic" deal to resolve a maritime border dispute involving offshore gas fields after years of US-mediated talks.

Onshore revenue for the period was $1.074 bn, up 25% YoY.

Fears have been growing in Europe's economic powerhouse about an over-reliance on Beijing, and letting critical infrastructure fall into the hands of Chinese state-linked companies. In particular, the microchip industry has come under scrutiny, as it produces key components used across industry.

SHARM EL SHEIKH, EGYPT - UAE Minister of Industry and Advanced Technology Dr. Sultan bin Ahmed Al Jaber said that the speech of President Sheikh Mohamed bin Zayed Al Nahyan at COP27 outlined the UAE’s clear vision and strategic approach to climate action and sustainability. The minister and the UAE’s...

Stock markets mostly rose, extending last week's strong gains, while oil prices fell after China reaffirmed its commitment to its economically painful zero-Covid policy. The Chinese government said it would stick to its current plan, which involves harsh lockdowns and strict quarantine and testing regimens.

The World Trade Organization urged countries to abolish trade barriers in environmental goods and services to help fight climate change. In its annual World Trade Report, the WTO says global commerce should not be pitted against the climate crisis and said trade could enable the spread of green innovations and...

Kuwait City, Kuwait - The Kuwait Integrated Petroleum Industries Company (KIPIC) has started commercial operations of the first phase of Al-Zour Refinery project. The project started last month to produce and sell primary quantities of fuel oil and supply it to local electric power stations. Acting CEO of KIPIC Waleed...

Minister of Climate Change and the Environment Mariam bint Mohammed Almheiri said the UAE’s participation in the 27th session of COP27 in Egypt will be an affirmation of the country's pioneering model regionally and globally in facing the challenge of climate change.

UAE's Federal Authority for Nuclear Regulation (FANR) has recently participated in the 14th Symposium on "International Safeguards: Reflecting on the Past and Anticipating the Future", hosted by the International Atomic Energy Agency (IAEA) at its headquarters in Vienna.

Europe must act immediately to prevent a shortage of natural gas next year as Russia slashes deliveries in the wake of the Ukraine war, the International Energy Agency warned. The IEA said the shortfall would occur if Russia stops pipelines deliveries completely and China steps up its imports of liquefied...

UAE and Indonesia have signed a Declaration of Intent to boost economic and social development between the two countries and exchange knowledge and data in the energy sector.