Stuart Gulliver Aramco

Saudi Aramco appoints ex-HSBC CEO Stuart Gulliver to board

Gulliver replaces Sir Mark Moody-Stuart, who had been on the board since 2007

Racing for hydrogen: How gas giants are vying to stay relevant

Clean hydrogen could meet a quarter of the world’s energy needs by 2050

Finance chief who steered Saudi Aramco through IPO to step down

The company is set to name Ziad Al-Murshed as chief financial officer, replacing Khalid al-Dabbagh

Why this region must adopt energy efficient solutions to drive a sustainable future

ABB’s technologies can reduce energy use in industry, buildings and transport, reveals Ahmed Radwan, MEA business lead at ABB Motion

ADNOC Reliance

ADNOC and Reliance sign agreement for chemical project in Abu Dhabi

The integrated plant will produce 940 thousand tons of chlor-alkali, 1.1 million tons of ethylene dichloride and 360 thousand tons of PVC annually

Qatar Petroleum kicks-off first dollar bond sale in 15 years

The debt will help the Gulf state pump more gas from the giant North Field

UAE hikes petrol prices for July 2021

The increase marks the fifth consecutive month of rising fuel prices in the country

Qatar Petroleum starts investor calls for debut jumbo bond

Qatar Petroleum is aiming to issue dollar notes with maturities of five, 10, 20 and 30 years

UAE eyes first net zero by 2050 goal among major petrostates

The UAE is now bidding to host the UN’s global climate talks in 2023

Brent oil edges above $75 as investors assess tightening market

Brent oil has rallied more than 40 per cent this year as a strong rebound from the pandemic in the US, China and Europe underpins increasing fuel consumption

Dubai Electricity and Water Authority DEWA

DEWA’s desalinated water production at Jebel Ali increases to 490m imperial gallons daily

The increased production is a result of adding new units which use Sea Water Reverse Osmosis technology at DEWA’s Jebel Ali Power Plant and Desalination Complex

Aramco closes $12bn pipeline deal with China, UAE backing

The subsidiary will have rights to 25 years of tariff payments for oil transported through Aramco’s crude pipeline network

Global power grids pushed to breaking point

The extreme weather highlights the real world impact of climate change

Saudis say cautious approach to restoring OPEC+ output paid off

Crude futures are trading at a two-year high above $70 a barrel

ENOC Link Expo 2020 Dubai

ENOC Link to provide over 1 million litres of fuel to Expo 2020 Dubai fleet

Earlier this year, ENOC launched its Service Station of the Future at the Expo 2020 Dubai site

ADNOC awards $510m contract to expand Shah Sour Gas plant capacity

Over 50 per cent of the award value will flow back into the UAE’s economy under ADNOC’s In-Country Value programme

Oil rallies to 32-month high as rising demand emboldens bulls

The US benchmark is on course for a fifth quarterly advance, which would be the best run since 2010

Why clean energy’s corporate patrons are buying less this year?

Dubai to get 600MW additional clean energy this year

Clean energy is expected to account for 12 per cent of Dubai’s overall production by the end of 2021

Explainer: Is data the new oil in the GCC?

Technology has now become a key driver of economic growth in the GCC, with data already defining the region’s future, opines Maurits Tichelman, VP – Sales, Marketing, and Communications and GM – Global Markets and Partners, EMEA at Intel

Aramco sells $6bn of dollar-denominated Islamic bonds

The state-controlled company sold sukuk due in three, five and 10 years

Majid Al Futtaim, Yellow Door Energy to develop Bahrain’s largest private solar plant

The agreement will bring clean energy to The Bahrain Mall, operated by Carrefour Bahrain

Oil extends drop with rally pausing after bouncing off 2018 high

Futures in New York dropped back below $69 a barrel on Tuesday after closing 0.6 per cent lower in the previous session

Saudi Aramco hires banks for debut dollar Islamic bond sale

The firm is raising cash to help fund its commitment to pay out $75bn in dividends

Dubai UAE Solar energy

Dubai’s electricity capacity reaches 12,900MW

The electricity production capacity will further increase to 13,200MW with the commissioning of the fifth phase of the Mohammed bin Rashid Al Maktoum Solar Park

UAE startup Pawame secures $2.5m, launches $5m Series A round for expansion in Africa

Pawame offers a portfolio of solar home systems in remote areas of Kenya on a micro-financed basis

Iran says refinery engulfed in fire to be back online Thursday

The Tehran Oil Refinery suspended all operations on Wednesday after a leak at a liquid gas pipeline caused the blaze

Aramco said to plan bond sale to help fund $75bn dividend

The price of oil has doubled since October to more than $70 a barrel

Oil steady near highest since 2018 with Saudis upbeat on demand

Oil is up 40 per cent this year as the recovery from the pandemic in the US, China and parts of Europe boosts the outlook for fuel consumption

Abu Dhabi solar car park

Abu Dhabi’s largest solar-powered car park to open at international airport

The energy generated will be used to power the car parking facility, with excess energy fed to other sections of the Abu Dhabi International Airport

Saudi’s ACWA Power inks agreement with Neutral Fuels for Red Sea project

According to the agreement with ACWA Power, Neutral Fuels biofuel is set to power the site’s entire transportation network