The project aims to contribute to the decarbonisation of food production in desert climates by significantly lowering the carbon footprint of the desalination process
The contract covers dredging, land reclamation and marine construction of an artificial island for the Lower Zakum offshore field
The sustainable guarantee issued by the bank will see L&T receive the necessary financial support for the development of wind and solar farms to support green hydrogen generation
In 2022, SAF production tripled to some 300 million litres with project announcements for potential SAF producers rapidly growing
The wind farm will help Egypt meet its strategic objective of sourcing 42 per cent of its energy from renewables by 2030
The rigs will become operational in the fourth quarter of 2023
The 23-nation group offered no additional action to buttress the market, but pledged to maintain their existing oil production cuts until the end of 2024
The UAE fuel price committee has slightly reduced the rates
Forecasters predict OPEC+ to keep output steady due to demand in China, and the current curbs, should rapidly deplete world inventories
The rigs are being built by Honghua Golden Coast and will progressively enter the fleet from the second quarter of 2024
The project will develop a centralised seawater treatment facility for operations at the Bab and Bu Hasa fields in Abu Dhabi
The green hydrogen production plant is currently being built at Oxagon in Saudi Arabia’s NEOM region
The investment opportunities include new and existing power plants as well as associated power infrastructure with a combined value of more than $3bn
The new solar projects, which will be jointly owned with ACWA and PIF’s Badeel, will have a combined production capacity of 4.55 GWac
The total capacity of the plants is equivalent to 11 times the consumption of the world’s tallest tower, the Burj Khalifa
Uzbekistan, which aims to achieve 25 percent of its energy mix from renewables by 2030, is a strategic destination for Masdar
Nassir Al-Naimi remains in charge of Aramco’s oil and gas production while Mohammed Al Qahtani will continue to run the refining and chemicals business
The agreement marks a collaboration between the two companies focusing on sustainable aviation fuels, green hydrogen and direct air capture technologies
The company expects the final offer price to be announced on May 26, after the book-building process
The drilling company’s earnings before interest, taxes, depreciation and amortisation in Q1 2023 reached SAR323m, with a margin of 41.5 per cent
The Abu Dhabi-listed firm said its revenues jumped 6 per cent in Q1 2023 to Dhs13.14bn, bolstered by higher bulk supply tariffs and transmission charges
The service sends instant notifications to customers if the smart meter system detects any unusual increase in consumption
Recent annual levels have been significantly below this amount, due to industry downturns, the pandemic and the increasing focus on environmental, social and governance issues
The energy provider said its net profit soared 19.4 per cent quarter-on-quarter and free cash flow stood at Dhs1.04bn
Emirates Development Bank will showcase its flexible financial solutions to support companies operating within the renewables sector
The net income for the quarter ended March 31 included a one-time tax benefit of $300m following its formation earlier this year
Profitability for the quarter dropped 7 per cent compared to a 22 per cent decrease in the company’s realised prices during the period
The companies will assess joint participation possibilities in renewable energy and explore collaborative opportunities in renewable energy generation
The partnership builds on ADNOC Group’s $15bn commitment towards decarbonisation projects by 2030
Global crude oil prices declined in the first quarter of 2023 mainly driven by macroeconomic events contributing to market volatility