The move strengthens Aramco Trading Company’s global operations and extensive portfolio, giving it incremental access to the largest oil refinery in North America
Masdar will work closely with the Kazakhstan Investment Development Fund Management Company and the Kazakh Ministry of Energy on the project
Once operational, the project will initially fully sequester a minimum of 18,000 tons per annum of carbon dioxide
Tech giant Amazon regained top spot from Apple to become the world’s most valuable brand
Construction will be done in phases, starting with the installation of 500 megawatts
The agreements will help develop onshore wind and solar projects, and integrated offshore wind and green hydrogen projects, with a combined capacity of 4 gigawatts
These agreements fall within the framework of the comprehensive economic partnership signed by the UAE and Japan in September 2022
The project, which is supported by Masdar and due to commence in Fujairah in January, will use 44.01’s prize-winning CCM technology to eliminate CO2 from the atmosphere
Looking ahead, our efforts and investments across the upstream, midstream and downstream segments of the business will continue to drive our strategy in 2023 and beyond
The two leaders witnessed ongoing operations of Units 1 and 2, the completion of Unit 3, and the progress made on the fourth unit
UAE and US officials announced that $20bn will be allocated to fund 15 new gigawatts (GW) of clean and renewable energy projects in the US before 2035, led by UAE’s Masdar and a consortium of US private investors
A summit highlight is the new one-day ENOWA ENACT conference on January 17 from the energy, water, and hydrogen subsidiary of NEOM
The agreement will build cooperation in areas such as environmentally sustainable transportation, sustainable fuels, biomass projects, waste conversion to energy, and carbon capture
Together, the parties will explore several hydrogen transportation methods, with a focus on liquid organic hydrogen carriers and liquid hydrogen
ADNOC Gas will serve domestic and international customers with an expanding portfolio of gas products
High-interest rates and a strong dollar have hit demand in the US, Europe and China
The company will launch projects involving carbon capture, electrification and new CO2 absorption technology, and also enhance investments in hydrogen and renewables
A surge in Covid-19 cases in China has clouded the near-term demand outlook
The business group will foster awareness of clean energy targets among local businesses and provide insights to drive the shift to renewable energy
On its completion, the project will have the largest thermal storage capacity in the world of 15 hours, allowing for energy availability around the clock
Super 98 petrol will cost Dh2.78 a litre, a further decrease from December’s price of Dhs3.30 per litre
Over the course of the year, ENOC has opened six new service stations across Dubai, including locations such as DAFZA, Dubai South and Dubai International City
Crude is heading for the first back-to-back quarterly loss since 2019 after a volatile year
Luberef, as the refiner is known, dropped as much as 6.6 per cent in Riyadh to SAR92.5 ($24.61), valuing the company at SAR15.9bn
The Luberef IPO marks the firm’s eighth private equity exit, and at SAR5bn the offering brings Jadwa’s aggregate private equity distributions to clients to SAR11bn
The project, expected to be valued at $2.4bn, will offset 2.4 million tonnes of carbon emissions per year and power 1.65 million households
The power plant will have a production capacity of 250 MW, a storage capacity of 1,500 Mwh, and a life span of up to 80 years once completed
The two companies will build a plant that will run on almost 1.3 gigawatts of solar power and is expected to produce hydrogen from 2026
The group now operates 177 service stations in the UAE
The companies boosted shareholder payouts in response even as many investors backed away from stronger climate advocacy