Articles
Global spending on energy transition reaches record high of $501bn, WEF says
The UAE was ranked 64th worldwide on the Energy Transition Index
Progressive climate action a powerful economic driver, UAE climate envoy says
Dr Sultan Al Jaber said the commercial case for renewable energy 'has never been stronger'
US oil surges above $64 on anniversary of sub-zero plunge
Prices have since added more than $100 per barrel, following production cuts by Opec+ as well as resumption of mobility
Italy's Eni awarded Ras Al Khaimah upstream exploration block
The emirate's Block 7 covers an area of 430 square kilometres onshore
Iraq inaugurates 500MW power facility in the country's south
The Samawa project in Al Muthanna governorate is the first utility-scale project in the province since 1975
Adnoc interested in exploring hydrogen opportunities in India
South Asia's largest economy is looking at alternative forms of energy
Higher oil prices and economic recovery support lower fiscal breakeven prices for Middle East producers
Saudi Arabia's fiscal breakeven price will decline 15.6% from its 2020 levels to $65.7 per barrel in 2022
Abu Dhabi's Murban useful in hedging oil trade to Asia, IEA says
The International Energy Agency raised its forecast for oil demand growth in 2021 by 230,000 bpd, on the back of better economic recovery
Schneider Electric to help develop the UAE's first waste-to-energy plant
The French energy services firm will provide a range of electrical solutions for the 30MW power plant
Opec forecasts a recovery in the oil market and revises demand growth upward
Global oil demand is expected to rise by 6 million bpd this year, reaching 96.5 million bpd.
As oil rebounds and economy is poised to recover Iraq eyes foreign investment
The economy is now forecast to grow 1.1% in 2021 after contracting 10.9% last year, supported by a recovery in oil prices and higher Opec+ output quotas
Adnoc's maritime subsidiary buys two VLCCs as it expands fleet
The total crude oil cargo capacity of Adnoc's L&S fleet will rise to 16 million barrels this year
Jordan to allow exploration in nine hydrocarbon blocks, energy minister says
The kingdom imports more than 90 per cent of its energy needs and is looking to diversify its mix
Saudi Arabia's first wind project is 50% complete
Dumat Al Jandal will have 99 wind turbines and power up to 70,000 homes a year when it is connected to the grid
GE reaches financial close on Iraqi power sector overhaul
The US company, Iraq's finance ministry and investment partners will upgrade infrastructure at seven power plants
