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OPEC
U.S. Officials Promised Saudis It Wouldn’t Let Oil Market Collapse
U.S. officials told Saudi Arabia prior to the OPEC+ meeting that it would help stave off a collapse in the oil market by buying oil at $75 per barrel to repleni…
Crude Oil
The UAE Isn’t Ditching Oil for Renewables Just Yet
The UAE isn’t likely to curb its oil production in favor of renewables any time soon.
Natural Gas
If the World Needs Gas, We’ll Provide, UAE Says
The country is still looking to boost renewables but will supply fossil fuels when asked.
Thermal Plant
Doosan Enerbility EPC Contract for KSA Cogeneration Plant
Doosan Enerbility & Korea Electric Power Corporation sign contract for construction of a power plant which will supply electricity for Jafurah Gas Field.
Carbon Emissions
Emirates Steel Arkan Teams up With Japanese Companies to Produce Low-Carbon Steel
Partners plan to build a ferrous raw material production facility in Abu Dhabi to meet growing demand for green steel
Net Zero Emission
Saudi Arabia Launches Five Renewable Energy Projects
The new wind and solar farms will have a total capacity of 3,300 megawatts
LNG
UAE Signs Energy Agreement With Germany’s Scholz
The president of the United Arab Emirates, Sheikh Mohammed bin Zayed al-Nahyan, has signed an agreement with German Chancellor Olaf Scholz that covers accelerat…
Hydrogen Project
UAE Strikes Deal With German Companies to Develop Hydrogen Strategy
The Emirates signs agreement with global engineering and advisory company GHD and applied research organisation Fraunhofer-Gesellschaft
Net Zero Emission
Dubai Reduced Carbon Emissions by 21% In 2021
Emirate has increased proportion of solar energy and enhanced operational efficiency in factories and facilities
Crude Oil
Oil Climbs on Prospect of OPEC Supply Cut, Demand Growth
UAE, Oman back Saudi view on possible output cut
Crude Oil
Oil Jumps Nearly 4% On Possible OPEC+ Supply Tightening
Oil prices surged by nearly 4% on Tuesday after Saudi Arabia floated the idea of OPEC+ output cuts to support prices in the case of returning Iranian crude and …
Wind Farm
Saudi Arabia Is Planning to Build the World’s Largest Wind Farm in Uzbekistan
Saudi Arabia has promised as much as $14 billion in investments in Uzbekistan, with $12 billion earmarked to address ongoing energy shortages.
Oil Price
Oil Prices Rise After Saudi Says OPEC Could Cut Output
Oil prices edged up on Tuesday, after Saudi Arabia warned that OPEC could cut output to correct a recent drop in oil futures.
Wind Farm
Saudi Arabia’s ACWA Power Expands in Uzbekistan
The company seeks to develop gas-to-power, renewable energy, and green hydrogen.
Wind Farm
Uzbekistan and ACWA Power Sign $1Bn Clean Energy Agreements
Saudi Arabian power company ACWA Power has signed three energy agreements with Uzbekistan’s Ministry of Energy totalling $12 billion.
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