Topic
211 stories
UAE-based Abu Dhabi National Oil Co (ADNOC) signed an agreement with US-based Occidental Petroleum Corp to evaluate potential investment opportunities in carbon dioxide (CO2) capture and storage in the United States and United Arab Emirates. ADNOC said the agreement aims to develop a carbon management platform to accelerate the net zero goals of both companies. […]
India-based Reliance Industries and Brookfield Asset Management have entered into a Memorandum of Understanding (MoU) on Tuesday,to explore opportunities to manufacture renewable energy and decarbonization equipment in Australia. The MoU is focused on enabling Australia to locally produce clean energy equipment such as photovoltaic modules that contain semiconducting materials which convert sunlight into electrical energy, […]
India hikes windfall tax on domestically produced petroleum crude. The Special Additional Excise Duty (SAED) on crude petroleum increased from Rs 1600 per tonne to Rs 4250 per tonne. The SAED on diesel increased from zero to Rs 1 per litre. These new rates will be effective from August 1, 2023. However, this move will […]
Bangladesh’s energy sector is heavily reliant on imports. The country has been importing LNG from Qatar and Oman to meet its huge demand for the fuel. Also it’s been grappling with power cuts resulting from shortage of fuel in recent times. UAE Industry and Advanced Technology Minister, Dr. Sultan bin Ahmed Al-Jaber went to Dhaka […]
Abu Dhabi National Oil Co (ADNOC), the state-owned oil giant, announced on Thursday that it has set a pricing range for the initial public offering (IPO) of its gas subsidiary, which has the potential to raise up to $2 billion and value ADNOC Gas’ stock at between $47 billion and $50.8 billion. This is the […]
The world’s first hydrogen-powered aircraft engine has been successfully operated by Britain’s Rolls-Royce, demonstrating that the gas could be essential to decarbonizing aviation. The ground test utilised green hydrogen produced by wind and tidal power and employed a modified Rolls-Royce AE 2100-A regional aviation engine, the British business announced on Monday. Rolls is working to […]
Top officials urged affluent nations to finally fulfil their broken $100 billion promise as the U.N.’s premier climate summit got underway, and the contentious topic of reparations was added for the first time to the official agenda. Delegates from around 200 nations have gathered in Egypt’s Red Sea resort town of Sharm el-Sheikh for the […]
UAE increases fuel prices as OPEC cuts oil production The Emirates General Petroleum Corporation reported on Monday that after falling for three straight months, gas prices in the UAE are expected to increase by almost 10% in November 2022. Costing is as follows – Special 95 – AED 3.20 a litre; Super 98 – AED […]
Yesterday, Eviation’s Alice electric aircraft made its inaugural flight, hinting at a time when regional trips of hundreds of miles will be completed with no emissions and a great deal less noise. Even though it’s still some time off, today’s demonstration demonstrates that it’s only a matter of time and money. The Alice is a […]
In 13 residential neighbourhoods, Aldar Properties will invest AED25 million ($6.8 million) in energy-retrofit projects, which have the potential to save AED12 million ($3.27 million) and 19,000 tonnes of carbon dioxide emissions annually. According to a filing with the Abu Dhabi Securities Exchange by the business, the projects will be carried out in 13 residential […]
The 16 million tonnes per annum (MTPA) North Field South (NFS) LNG project in Qatar has chosen TotalEnergies as its first international partner. TotalEnergies will contribute about $1.5 billion to the expansion’s budget. The 32 MTPA North Field East (NFE) liquefied natural gas (LNG) project initially chose the French energy giant as its first partner. […]
The head of Aramco, the largest oil producer in the world, called out individuals who “shame oil and gas investors” and emphasised the necessity for a reliable energy transition strategy. The global energy crisis, according to Saudi Aramco, was caused by a lack of investment in fossil fuels. Saudi Aramco also cautioned that excess production […]
