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Dr Sultan Al Jaber, COP28 president-designate announced a new $4.5 billion initiative between the UAE and Africa that seeks to unlock Africa’s capacity for sustainable prosperity in the inaugural Africa Climate Summit, on Tuesday. The summit held in Nairobi, Kenya was attended by global and African leaders, including UN Secretary-General Antonio Guterres and Ursula von […]
Egyptian President Abdel Fattah Al-Sisi met with Claudio Descalzi, chief executive of Italian oil and gas firm Eni, and other senior officials of the company on Sunday, reported the Daily News Egypt. Tarek El-Molla, Egyptian minister of petroleum and mineral resources also was present in the meeting along with some senior officials from Eni, based […]
Sungrow, the leading global inverter and energy storage system solution supplier, signed a contract with Larsen & Toubro (L&T) to supply inverter skid solutions for a 2.2 GWac PV plant, the largest single-site utility-scale PV Plant in the Middle East, for the NEOM Green Hydrogen Project in Saudi Arabia, for the NEOM Green Hydrogen Company […]
Indian Renewable Energy Development Agency (IREDA), a Mini Ratna (Category – I) Government of India enterprise under the administrative control of Ministry of New and Renewable Energy, has signed a performance-based Memorandum of Understanding (MoU) with the Ministry of New and Renewable Energy, Government of India (GoI). The MoU, in alignment with guidelines issued by the […]
After riding high on the oil and gas boom for decades, the Gulf countries including Oman, Saudi Arabia and the UAE are eyeing opportunities in green hydrogen, the fuel of the future. This move is an effort by the countries to fuel the economic transition to non-oil based revenues and relieve the climate crisis, Gulf […]
India’s leading natural gas firm GAIL (India) Ltd will soon close a long-term liquefied natural gas (LNG) import deal with Qatar to purchase at least 1 million metric tons per year, potentially for more than 20 years, Reuters News reported. The deal would be part of GAIL’s plans to lock in new supply contracts by […]
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 […]
