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Solar Power Plant
ACWA Power Plans to Attract Loan From EBRD to Implement Project in Uzbekistan
ACWA Power from Saudi Arabia has expressed its intention to attract loan funds from the European Bank for Reconstruction and Development (EBRD) to implement a r…
Oil Price
Several Countries Extend Oil Output Cuts to Boost Prices Amid Economic Uncertainty
The OPEC+ alliance on October 5, 2022, decided to sharply cut production to support sagging oil prices. © Michael Probest, APThe plan to extend cuts to mid…
Oil&Gas Drilling
OPEC+ Members Extend Oil Output Cuts to Second Quarter
A view of the entrance to the Organization of the Petroleum Exporting Countries (OPEC) headquarters in Vienna, Austria, November 30, 2023. REUTERS/Leonhard Foeg…
Solar Power Plant
Saudi Arabia Is Building a 70 Million Euros Worth Solar Power Plant in RS
The Prime Minister of the RS, Radovan Višković, signed a memorandum today in Banja Luka with the Masco group from Saudi Arabia, which should build solar…
Nuclear Power Plant (NPP)
Fourth Barakah Unit Starts Up
The Emirates Nuclear Energy Corporation has announced the successful start-up by its operating and maintenance subsidiary Nawah Energy Company of the fourth uni…
Offshore Wind Power
RWE and Masdar Join Forces to Develop 3 Gigawatts of Offshore Wind Projects off the UK Coast
RWE and Masdar, the UAE’s clean energy powerhouse, have successfully closed their transaction announced at COP28 in Dubai last December, with Masdar now h…
Oil & Gas Trade
UAE's ADNOC Closes Acquisition of 24.9% Stake in Austria's OMV
Abu Dhabi National Oil Company (ADNOC) said on Thursday it has formally closed the acquisition of a 24.9% stake in Austrian oil and gas group OMV (OMVV.VI), ope…
Oil&Gas Drilling
Saudi Arabia Announces Major Gas Discovery at Jufurah Field
Saudi Arabia announced a major gas discovery on Sunday at the state oil company Aramco's Jufurah field.Energy Minister Prince Abdulaziz bin Salman said an a…
Oil & Gas Trade
Aramco Announces Big Gas, Condensate Find in Saudi Arabia
Saudi oil giant Aramco has announced that there has been a major jump in the volume of proven reserves of gas and condensate in its Jafurah unconventional field…
Electric Vehicle Battery
Benchmark: Saudi Arabia and Morocco Are Shaping the EV Battery Supply Chain
Actors in the Middle East and North Africa (MENA) region, especially Saudi Arabia and Morocco, are gaining a strategic foothold in the lithium ion battery suppl…
Oil&Gas Drilling
At Saudi Aramco's Jafurah Field, Another 15 Trln Standard Cubic Feet of Gas Reserves Proven
The Saudi Aramco logo is pictured at Hyvolution exhibition in Paris, France, February 1, 2024. REUTERS/Benoit Tessier/ File Photo Purchase Licensing Rights, ope…
Renewable Energy
The Invest in African Energy (IAE) Forum to Connect African Energy Projects With Saudi, United Arab Emirates (UAE) Buyers
Over the past twelve months, the Middle East’s oil and gas heavyweights – Saudi Arabia, the United Arab Emirates (UAE) and Qatar – have accele…
Hydrogen Project
POSCO and ADNOC forge clean hydrogen ties
South Korean POSCO Holdings, its subsidiary POSCO International and UAE’s Abu Dhabi National Oil Company (ADNOC) have signed a strategic cooperation agree…
Geothermal Power Project
KAUST and TAQA Break Ground on Geothermal Research Well in Saudi Arabia
Spudding of geothermal research well at KAUST, Saudi Arabai (source: KAUST)King Abdullah University of Science and Technology (KAUST) and TAQA Geothermal have o…
Oil & Gas Trade
BP, ADNOC to Form Gas JV in Egypt
Abu Dhabi National Oil Co. (Adnoc) and BP P.L.C. have agreed to form a joint venture (JV) for natural gas production in Egypt, the two companies said.The agreem…
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