The ambitious initiative comprises the Samarkand and Kungrad projects, which together have 2.5GW of generation capacity and 968MW of battery energy storage systems
The deal marks a cornerstone for ADNOC’s plans to grow its petrochemicals business along with gas and renewable energy
These projects, valued at $3.2bn, aim to generate a combined capacity of 5.5GW of solar power for Saudi Arabia
The company will look at potential new opportunities with current partners, such as Endesa and Iberdrola
Oil prices are down nearly 5 per cent so far this year, amid increasing supply from other producers, especially the US
The Onshore Block 2 concession in Al Dhafra covers an area of 7,320 square kilometres, with PETRONAS holding 100 per cent of the exploration rights
Saudi Arabia is preparing to abandon its unofficial price target of $100 a barrel for crude as it prepares to increase output, cites a report
OPEC expects world oil demand to reach 118.9 million bpd by 2045, which is around 2.9 million bpd higher than earlier projections
The 5-year bond has price guidance of Treasuries plus around 120 basis points (bps) and the 10-year bond has Treasuries plus about 135 bps
The deal consists of a portfolio of 745 megawatts (MW) of predominantly wind assets – 538 MW in Spain, 144 MW in Portugal and 63 MW solar PV assets in Spain
Announced during the 79th United Nations General Assembly, the initiative seeks to elevate the climate ambitions of these nations and drive urgent action on sustainability
The contract was signed under the existing long-term agreement with oil giant Saudi Aramco
Aramco is seeking to strengthen its position in the LNG market, which is set to grow by 50 per cent globally by the end of the decade
The offshore EPC contract will help boost production at the North Field offshore natural gas field, which lies off the northeastern coast of Qatar
The integration aims to scale TAQA’s customer-facing business, enabling the company to expand its services, introduce new products, and explore growth opportunities both locally and abroad
The projects will bring AMEA Power’s total capacity in Egypt to 2,000MW of solar and wind power, accompanied by 900MWh of battery energy storage systems
The renewable energy firm signed a US dollar-denominated 25-year PPA for a 1 GW solar power plant and 100 MW battery storage project
Bapco Energies and BlackRock signed another MOU to explore Bahraini infrastructure and decarbonisation projects in the future
Mubadala Energy completed the appraisal of the Layaran discovery in South Andaman, marking the safe conclusion of its drilling campaign
Lavrov arrived in Saudi Arabia on an official visit on Sunday
The MoU allows for future investment opportunities further reinforcing the special strategic relationship between the UAE and India
Aramco noted that its deployment of supercomputing infrastructure supports development of AI solutions
Oil benchmarks fell nearly $3 on Tuesday, with Brent hitting its lowest since December 2021 and WTI falling to a May 2023 trough
Covestro said in June it was stepping up talks with ADNOC after the UAE’s national energy company made an improved takeover bid
The LNG will primarily come from the state-owned energy firm’s lower-carbon Ruwais LNG project
The ships, which will be built at China’s Hudong-Zhonghua shipyard, are the largest LNG vessels ever built, with a capacity of 271,000 cubic metres each
The subscription period is expected to commence this month, with the listing anticipated in October
The increase in the European jet fuel market share comes as Kuwait increased its exports of fuel oil, diesel, and jet fuel to Europe by five times until May 2024
The kingdom aims to grow its production capacity for low-carbon products to diversify away from oil and gas business
The remaining OPEC+ cuts of 3.66 million bpd, agreed in earlier steps, are staying in place until the end of 2025