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Brics Expansion to Transform Bloc Into a Global Renewable Leader
The planned expansion of the Brics bloc, through the addition of six members, will transform the group into a global leader in renewable energy in the coming de
New Energy Vehicles
Lucid (Lcid) Obtains License to Begin EV Production in Saudi's Economic Megacity
California-based EV startup Lucid Motors (LCID) just gained its operating license to begin EV production in one of Saudi Arabia’s special economic zones.S
Oil & Gas
Oil and Gas Driller Ades Draws Orders Worth $76BN for $1.2bn IPO
ADES conducts business in seven countries with a fleet of 85 rigs. Credit: James Jones Jr/Shutterstock.Oil and gas drilling company ADES has received orders wor
Oil & Gas
Kenya Extends Oil Supply Agreement With Three Gulf Companies
Kenya has extended an oil supply deal with three Gulf-based companies, which is designed to manage demand for dollars, the energy regulator said on Tuesday.The
Oil & Gas
Saudi Energy Minister Says OPEC+ Cuts Were Needed to Stabilize Oil Market
Saudi Arabia's Minister of Energy Prince Abdulaziz bin Salman Al-Saud speaks during 10th Arab-China Business Conference in Riyadh, Saudi Arabia, June 11, 20
Oil & Gas
Qatargas Changes Name to Qatarenergy LNG
Qatargas is changing its name to QatarEnergy LNG, parent company QatarEnergy said in a statement on Thursday.It currently operates 14 LNG production trains and
Hydrogen
ACWA Power Forges Green Energy Partnerships With Chinese Firms
Saudi Arabia’s ACWA Power has inked memorandums of understanding (MOUs) with two prominent Chinese companies. These agreements encompass a wide spectrum o
Climate Change
Adnoc to develop one of Mena’s largest carbon capture projects
Adnoc headquarters in Abu Dhabi. Last month, Adnoc and US company Occidental signed an agreement explore carbon capture opportunities. APAdnoc will develop one
Solar
Chinese Solar Firm Eyes Saudi Arabia for First Foreign Plant
Source: BloombergNEF(Bloomberg) -- China-based solar sector supplier GCL Technology Holdings Ltd. is in advanced talks with Saudi Arabia about opening its first
Oil & Gas
Saudi Arabia's Aramco Considers Selling (Listing) Us$50 Billion in Shares
The Wall Street Journal reported that Saudi Arabia’s Aramco, the world’s most valuable oil company, appears to be considering selling a stake of as
Oil & Gas
Sinopec Not Interested in Acquiring Shell's Singapore Assets
The company logo of China’s Sinopec Corp is displayed at a news conference in Hong Kong, China March 26, 2018. REUTERS/Bobby Yip/File Photo Acquire Licens
Oil & Gas
Saudi Pif, Holders to Offer 30% Stake in Oil Driller Ades IPO
The Equinor ASA offshore oil drilling platform on Johan Sverdrup oil field in the North Sea, Norway, on Monday, Feb. 13, 2023. Equinor, Norway’s biggest o
Nuclear Power
Saudi Arabia Eyes Chinese Bid for Nuclear Plant - WSJ
Saudi Arabia is weighing a Chinese bid to build a nuclear power plant in the kingdom, the Wall Street Journal reported on Friday.China National Nuclear Corp, a
Hydrogen
Gulf States Bet on 'Green' Hydrogen
After riding a fossil-fuel boom for decades, Gulf Arab states are eyeing "green" hydrogen as they try to transition their economies and ease the climate crisis
Energy Storage
Thermal Storage Firm Rondo Energy Raises Us$60 Million
Thermal energy storage company Rondo Energy has completed a US$60 million fundraising round from investors including Rio Tinto, Microsoft, Aramco and Energy Imp
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