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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 […]
The largest waste-to-energy project in the world, the Dubai Waste Management Centre (DWMC), has reached 85% completion, according to a recent announcement by Dubai Municipality. In keeping with His Highness Sheikh Mohammed bin Rashid Al Maktoum’s vision to elevate the emirate’s profile as a global model for sustainable development and solidify its position as the […]
On Sunday, Saudi oil company Aramco reported a staggering 90% increase in second-quarter net profits and record half-year earnings, as high oil prices continue to generate historic windfalls for “Big Oil.” Strong market circumstances aided Aramco’s second-quarter net profits of $48.4 billion, up from $25.5 billion the previous year. The outcome was greatly above experts’ […]
BP, the United Kingdom’s largest oil company, increased its dividend and increased share buybacks on Tuesday after doubling second-quarter earnings due to strong refining margins and trade. The British energy company reported $8.5 billion in underlying replacement cost profit in the second quarter, which is considered a proxy for net profit. This compares to a […]
After a 10-day interruption, Russia started flowing gas through its largest pipeline to Europe on Thursday, the operator said, assuaging Europe’s immediate winter supply concerns after President Vladimir Putin warned that shipments may be reduced further or stopped. Flows surged from zero to 29,284,591 kWh/h for 0600-0700 Central European Time Thursday, according to data from […]
TAE, headquartered in California, has raised $1.2 billion so far for fusion research, the same mechanism that fuels the sun. It believes that non-radioactive hydrogen boron is the best fusion fuel. TAE was created in 1998 with the goal of having a commercial-scale fusion reactor supplying electricity to the grid by the early 2030s. TAE […]
Oil prices slid early on Monday as investors refocused on tight supply, although the mood remained shaky following a 6% drop the previous day due to fears about slowing global economic growth and fuel consumption. Due to Western sanctions, most nations are still unable to obtain Russian oil. The damage has been offset in part […]
