ADNOC is selling a 4 per cent stake in ADNOC Gas, with each of the 3.07 billion shares being offered at between Dhs2.25 and 2.43
The kingdom wants to use its energy windfall to accelerate projects that contribute to weaning it off a reliance on oil
The kingdom’s energy minister reiterated that the group’s policies are determined by technical studies of market balances
The shipment of 137,000 cubic meters of LNG can produce enough electricity to supply approximately a quarter million German homes for a year
The deal includes a downstream portfolio of 240 fuel retail stations, more than a 100 convenience stores, and over 250 lube changing stations
The entities signed the agreement during the World Government Summit to support investments in emerging markets related to climate mitigation and adaptation, the adoption of clean technologies, and food security
The framework will look at accelerating the adoption of distributed photovoltaic systems, and the development of innovative new technologies and business models in emerging markets
ADNOC Drilling reported that its full-year earnings before interest, taxes, depreciation and amortisation touched $1.23bn
Both the organisations aim to achieve net-zero carbon emissions by 2050
Anchor investors will subscribe for 40 per cent of the shares at the maximum price
DEWA’s annual consolidated revenue increased 15 per cent to Dhs27.35bn in 2022
Revenue rose 17 per cent to reach $529m last year, compared to $452m in 2021
State-run energy consultant Engineers India expects to finalise a nearly $25m order for a chemicals and fertiliser plant in Nigeria
Nations should aim to raise spending on technologies including carbon capture, nuclear power and hydrogen, according to Al Jaber
Saudi Aramco increased most of its prices for crude that will be shipped to its main market of Asia in March
Masdar will work closely with the government and other stakeholders in Azerbaijan to accelerate the growth of its renewable energy sector
Domestic manufacturing of these products will support the ‘Make it in the Emirates’ initiative, stimulate industrial growth and create more jobs for UAE Nationals
Energy demand last year reached 53,180 gigawatt-hours, compared to 50,401 gigawatt-hours in 2021
Oil prices have had a rocky start to 2023, with a rally in mid-January fading away by the end of the month
The bilateral initiative, which will officially launched during COP28, will focus on low-carbon hydrogen and sustainable fuel production and their respective value chains
Prices were increased by up to 10 per cent
The partnership marks QatarEnergy’s first exploration endeavour in Lebanon
The consortium has zoned in on the methanol-to-jet pathway as its chosen technology route
West Texas Intermediate was little changed above $80 a barrel after declining by almost 2 per cent on Tuesday
The IPO could raise as much as $500m
TotalEnergies holds a 26.55 per cent interest in Block 10, with OQ retaining 20 per cent and Shell holding 53.45 per cent
January 2023 will start with the creation of GE HealthCare, a company which will drive precision health to improve patient outcomes
The firm plans to grow its renewables capacity five-fold by the end of the decade
The companies will explore the possibility of pursuing projects in circular economy initiatives, including plastics production and recycling, sustainable fuels and feedstock
The three entities will explore the development of a new accelerator programme focused on AI to encourage more MBZUAI graduates to start successful businesses