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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 […]
TotalEnergies of France has been given a 25% share in the world’s biggest natural gas field in Qatar. QatarEnergy, a state-owned company, will hold the remaining 75% of the company. The new joint venture will own a quarter of the 32 million tons per annum (Mtpa) North Field East (NFE) project, which is comparable to […]
Many Middle Eastern economies rely on fossil fuels to finance their budgets and sustain economic activity. The Middle East produces a third of the world’s oil. Saudi Arabia, Iran, Iraq, the United Arab Emirates, Kuwait, and Qatar are among the leading fossil fuel producers in the world. The Gulf Cooperation Council (GCC) countries—Bahrain, Kuwait, Oman, […]
As global oil and gas prices continue to rise, profits at the state-owned energy company, Saudi Aramco increased by 82% in the first quarter, with net income reaching $39.5 billion (£32.2 billion). During the first quarter, the Company maintained its remarkable track record as a worldwide energy supplier, achieving 99.9% dependability in deliveries to clients. […]
As global markets tighten due to the EU’s consideration of barring Russian supply, OPEC (Organization of the Petroleum Exporting Countries) and its allies once again confirmed a minor monthly rise in output. Algeria, Angola, Congo, Ecuador, Equatorial Guinea, Gabon, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates, and Venezuela are the current […]
Prime Minister Justin Trudeau of Canada announced a major federal investment in Stellantis’ project funding, which will modernize assembly plants and boost electric car production (EV). By 2035, the Canadian government plans to have 100% of new light-duty vehicle sales be zero-emission vehicles (ZEVs). By 2050, the government wants to reduce carbon emissions to zero. Stellantis […]
The construction of the first Waste-to-Energy facility is completed in Sharjah, UAE. The project, Emirates Waste to Energy Company, is a joint venture between Masdar and Bee’ah, the Middle East’s leading, award-winning environmental management company. With the signing of the Joint Development Agreement at ADSW 2017, Bee’ah and Masdar officially declared their relationship. The project […]
