Energy

Abu Dhabi’s NMDC Group reports $598.96 million net profit in first nine months of 2024, driven by strong project pipeline

A remarkable 68 percent increase in revenues and a 45 percent rise in net profits compared to the same period last year

Oil prices plummet as Middle East tensions ease, demand outlook weakens

Brent Oil Futures set to expire in December decreased by 4.1 percent, closing at $72.97 a barrel

Oil prices surge with notable weekly gains as traders react to supply concerns, mixed economic signals

Brent crude futures for December delivery rose 0.4 percent to $74.70 per barrel

ADIPEC 2024 to focus on harnessing AI, ensuring inclusivity

Engaging sectors and communities to chart a path for global energy transformation

Abu Dhabi’s ADIPEC 2024 to explore role of AI, finance in accelerating energy transition

Event to feature more than 1,800 leading innovators, experts, and visionaries from fields of energy and AI

NMDC Energy profits surge 145 percent to $109.45 million in Q3 2024

Revenue in the first nine months of 2024 rose 96 percent to a record high of $2.66 billion

Oil prices rise amid Middle East tensions and U.S. election uncertainty, recovering previous losses

Brent crude futures increased by 95 cents, or 1.27 percent, reaching $75.91

Middle East transformer market: The hurdles and driving forces

By 2030, the Middle East is anticipated to add over 600,000 MVAs in transmission capacity, driving the demand for power transformers in the region

UAE, Rajasthan sign investment agreement to pursue 60 GW renewable energy project in India

Both nations have set ambitious clean energy targets in recent years

Oil prices decline amid rising U.S. inventories, ongoing Middle East tensions

Brent crude futures for December fell 0.4 percent, settling at $75.75 per barre

Global oil demand to reach over 100 million barrels per day by 2050: Saudi Aramco

CEO noted that Asia's energy transition is lagging, marked by less equity and greater complexity than expected 

Sharjah Chamber hosts Japanese delegation, discusses enhancing economic cooperation

The Chamber seeks to boost knowledge exchange and collaboration between investors from both nations

Saudi flynas partners with VCM on carbon offsetting, environmental protection, and sustainability

The deal supports the Kingdom's climate ambitions to achieve net zero emissions

Saudi Aramco CEO advocates for revised energy transition plan addressing Asia’s needs

He noted that Asia and the Global South are often overlooked in transition plans, impacting the world 

Oil prices slide amid Middle East tensions, Chinese demand concerns

Brent crude futures for December delivery fell by 19 cents, or 0.3 percent, settling at $74.10 a barrel

Oil prices recover marginally following 7 percent weekly drop on rising Mideast tensions

Data revealed that China's economy grew at the slowest pace since early 2023 in the third quarter, fueling additional demand concerns

Oil prices steady amid mixed economic signals from China, strong U.S. retail sales data

Brent crude futures had risen by 8 cents, or 0.1 percent, to $74.53 a barrel

ADNOC deploys AIQ’s AR360 AI solution in over 30 reservoirs

ADNOC has so far deployed more than 30 AI tools from the control room to the board room

Oil prices modestly recover amid unexpected U.S. inventory draw, Middle East tensions

Brent crude futures for December delivery increased by 0.6 percent to $74.67 per barrel

Gitex Global 2024: 7X adds EtihadWE to whitelisted companies on ‘Wayn’ platform

The 'Wayn' platform ensures secure messaging for EtihadWE’s clients while protecting their data

Gitex Global 2024: EtihadWE completes installation of smart meters, full integration expected by end of 2025

These smart meters, which monitor electricity and water, are a key step in providing advanced customer services

Oil prices recover modestly amid Middle East stability concerns, weak demand

Brent crude futures for December delivery rose zero point four percent to $74.55 per barrel

ADNOC completes acquisition of majority stake in Fertiglobe, increases shareholding to 86.2 percent

Fertiglobe will become the platform for ADNOC’s growth in fertiliser and low-carbon ammonia

Abu Dhabi’s Masdar, Presight forge partnership to create AI-driven asset management tool

Masdar aims to digitize its global operations, transitioning from a reactive to a predictive model