According to the OPEC monthly oil market report for December, recent economic indicators suggest strong growth has been maintained in most activities
The investment will allow the sovereign wealth fund to participate in the acceleration of energy transition and clean energy at an international scale
As the UAE prepares to host COP28 in November 2023, the government is already unveiling new strategies and initiatives to mobilise the private sector in support of the net-zero target
More than 40 companies, including TotalEnergies and BP, have purchased request-for-qualification documents for the Omani blocks
Masdar targets a minimum of 100GW in renewable energy capacity and the production of up to one million tons of green hydrogen by 2030
The cooperation seeks to increase Mohammed bin Zayed Solar Park’s production capacity in the country from 50 megawatts to 70 megawatts
The project will contribute to the diversification of the local economy and will be a source of investment for the region
West Texas Intermediate held above $74 a barrel after futures sank almost 9 per cent in the prior three sessions to erase the year’s gains
Mubadala’s deputy CEO, Waleed Al Mokarrab Al Muhairi, will serve as interim chief executive of the UAE investments platform
The award marks the first time a Malaysian company will explore for hydrocarbons in Abu Dhabi
Luberef becomes the latest billion-dollar plus IPO in the Gulf
The decision by the Organization of Petroleum Exporting Countries and its allies should hold for at least a few months
The OPEC member exports about 2 million barrels a day of crude, most of it to Asian countries such as China, South Korea, Japan and India
With the rate of urbanisation ramping up, the demand for more sustainable and carbon-neutral options for mobility is also increasing
The 2,060MW solar plant is set to be developed in Saudi Arabia’s Makkah province
West Texas Intermediate traded above $81 a barrel after a run of four daily gains
Many governments improved their electricity access policies, with Sub-Saharan Africa and Latin America and the Caribbean scoring the highest on this indicator
The company will build, own and operate the 500MW solar PV plant and 500MW wind farm in the country
The LNG will be sourced from two joint ventures between both entities that hold interests in Qatar’s North Field projects
The price of Super 98 has been reduced to Dhs3.30 per litre
Global markets are by some measures tight, with inventories in developed nations at the lowest since 2004
Adnoc will also accelerate its target for raising crude output capacity to 5 million barrels a day by 2027
The first cargo is currently being shipped aboard the Pacific Sarah tanker
The company is planning to sell 50 million shares, or a nearly 30 per cent stake
Crude has declined this month, overturning the gains made in October
Saudi Aramco is aiming to sell 50 million shares – a 29.7 per cent stake – in the company
COP28, which will be hosted in 2023 at Expo City Dubai, will welcome high-level participation including over 140 heads of state and government leaders, 80,000 delegates and more than 5,000 media professionals
The purchase agreements with local and global manufacturers are valued at $11bn, and will reinforce supply chain resilience
The agreement builds on the Masdar-Turkmenistan MoU signed last year for development of renewable energy projects
The liquified natural gas will be supplied from QatarEnergy’s North Field East expansion project to Sinopec’s receiving terminals in China