Energy

Oil revenues send Saudi’s budget surplus to $21 bn

The highest quarterly surplus since data publication began in early 2016

Africa keen that COP27 turns promises, commitments to actions

Summit will be crucial to Africa’s response to climate change

Middle East ESG investments are going mainstream

41% of regional investors wanted to implement effective ESG policy

Saudi Aramco buys US-based Valvoline for $2.65 bn

Acquisition fits in with growth strategy for lubricants, says Aramco

Attention turns to “OPEC+” meeting, as hopes of increasing production lessen

OPEC Sec Gen: Russia's presence in alliance key to agreement success

Macron, Saudi crown prince agree to diversify energy supplies

Crown Prince Mohammed: Desire to strengthen strategic partnership

Torrential rains batter several regions in the UAE

Authorities urged residents not to leave their homes unless necessary

Saudi Crown Prince in Greece, signs submarine cable agreement

Connecting electricity grids provides cheaper green energy

ADNOC Drilling lands $2 bn contracts for Ghasha project

Project is key component of ADNOC's strategy for gas self-sufficiency

No solution except by investing to balance the oil market

Energy Forum: to return to the level of $525 billion by 2030

Fuel reimbursement expenses for UAE companies increase by 38%

Fuel is among the most requested reimbursements for UAE employees

ADNOC announces new milestone in Borouge 4’s expansion

"We have safely completed 1.5 mn man-hours since the project's inception"

Construction starts on Egypt’s first nuclear plant

The project is valued at 25 billion euros

UAE seeks another waste to energy project

Country requests bids for waste-to-energy project

Gas flow resumes through Nord Stream 1 after maintenance

European plans reducing gas consumption by 15%

Global electricity demand slows sharply on soaring prices

Global electricity demand is expected to rise by 2.4% in 2022

DEWA to invest AED40 bn in electricity, water projects in 5 years

Capital expenditure will include expansion of renewable, clean energy projects

Cities, countries, and islands are sinking

Millions to be displaced as rising waters reclaim heavily populated lands  

TotalEnergies, ADNOC to explore UAE diesel supplies to France

It follows signing of UAE-France Comprehensive Strategic Energy Partnership