Energy

OPEC keeps oil supply outlook steady despite Russian oil price ceiling

Its forecast for economic growth in 2023 left unchanged at 2.5%

TotalEnergies: Committed to start Lebanon drilling next year

The drilling operations teams had been mobilized

Saudi Arabia, Kuwait sign MoU on Durra gas field

The development aims at producing 1 billion cubic feet of gas

UAE’s Taqa, Adnoc, Mubadala complete transaction to acquire Masdar stakes

TAQA paid $1.02 bn for its 43% controlling stake in the clean energy venture

Oman to build a $3 bn green steel production plant

To provide steel for the automotive sector

No change in OPEC+ policy on eve of Russia sanctions

EU ban on Russian crude oil imports comes into force

Will OPEC+ cut oil production on Sunday?

State of anticipation EU and G7 decisions

DEWA: Partnerships core to green and lucrative future

DEWA is studying a proposal for building a hydrogen fueling station in Dubai

ADNOC to offer minority stake in new company on ADX in 2023

Plans to increase its production capacity to 5 million b/d by 2027

New Abu Qir: Egypt’s first fifth-generation city

A bid to mitigate the devastating effects of climate change on the Delta

Kuwait Petroleum exports clean aviation jet fuel from mega-refinery

The first cargo is currently being shipped aboard the Pacific Sarah tanker

Sheikh Mohammed: Hosting COP 28 will be UAE’s biggest event in 2023

The first event to assess Paris Agreement commitments

ACCA at COP 27: Sustainable finance critical to environmental progress

ACCA reaffirmed its commitment to Certificates in Sustainable Finance

For these reasons, OPEC+ will not increase production at next meeting

G7 expected to announce today ceiling level of Russian oil prices

What’s next after COP 27?

"Fund for loss and damage"and "rapid" reduction of emissions

Aramco announces $7 bn Shaheen project

Project expected to start in 2023 and be completed by 2026

A new energy storage solution installed at UAE’s solar power station

“The project sets global benchmarks in clean energy production”

COP27: Egypt signs deals worth $83 billion in renewable energy

Highlighting country's ability to attract private investment in strategic sectors