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Energy
Energy
Oil revenues send Saudi’s budget surplus to $21 bn
The highest quarterly surplus since data publication began in early 2016
Egypt
Africa keen that COP27 turns promises, commitments to actions
Summit will be crucial to Africa’s response to climate change
Energy
“OPEC+” showed good will…weak investment threatens surpluses
Washington: A step in the right direction
Energy
“OPEC+” agrees to slight production increase, far below Biden’s ambitions
Increase by 100,000 barrels per day
Energy
Middle East ESG investments are going mainstream
41% of regional investors wanted to implement effective ESG policy
Energy
Saudi Aramco buys US-based Valvoline for $2.65 bn
Acquisition fits in with growth strategy for lubricants, says Aramco
Energy
Unprecedented floods strike several Gulf countries
The UAE is the most affected
Energy
Attention turns to “OPEC+” meeting, as hopes of increasing production lessen
OPEC Sec Gen: Russia's presence in alliance key to agreement success
Energy
Macron, Saudi crown prince agree to diversify energy supplies
Crown Prince Mohammed: Desire to strengthen strategic partnership
Energy
Saudi energy minister, Russia’s Novak meet ahead of OPEC+ meeting
Will OPEC+ raise output at its next meeting?
Energy
Torrential rains batter several regions in the UAE
Authorities urged residents not to leave their homes unless necessary
Energy
Shell and Total continue their share buybacks after record profits
They benefited from rising oil and gas prices
Energy
Saudi Crown Prince in Greece, signs submarine cable agreement
Connecting electricity grids provides cheaper green energy
Energy
ADNOC Drilling lands $2 bn contracts for Ghasha project
Project is key component of ADNOC's strategy for gas self-sufficiency
Energy
No solution except by investing to balance the oil market
Energy Forum: to return to the level of $525 billion by 2030
Energy
Fuel reimbursement expenses for UAE companies increase by 38%
Fuel is among the most requested reimbursements for UAE employees
Energy
ADNOC announces new milestone in Borouge 4’s expansion
"We have safely completed 1.5 mn man-hours since the project's inception"
Egypt
Construction starts on Egypt’s first nuclear plant
The project is valued at 25 billion euros
Energy
UAE seeks another waste to energy project
Country requests bids for waste-to-energy project
Energy
Gas flow resumes through Nord Stream 1 after maintenance
European plans reducing gas consumption by 15%
Energy
Global electricity demand slows sharply on soaring prices
Global electricity demand is expected to rise by 2.4% in 2022
Energy
DEWA to invest AED40 bn in electricity, water projects in 5 years
Capital expenditure will include expansion of renewable, clean energy projects
Energy
Cities, countries, and islands are sinking
Millions to be displaced as rising waters reclaim heavily populated lands
Energy
TotalEnergies, ADNOC to explore UAE diesel supplies to France
It follows signing of UAE-France Comprehensive Strategic Energy Partnership
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