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Growth in Electricity Production in OECD Countries Driven by Renewable Sources
Member countries of the Organization for Economic Cooperation and Development (OECD) witnessed growth in electricity production in May 2024
Egypt Announces New Oil Discovery in the Western Desert
Khalda Petroleum Company, acting on behalf of U.S. company Apache and the Egyptian General Petroleum Corporation
Qatar and TotalEnergies to Develop Namibia’s First Offshore Oil Project
Namibia’s Finance Minister, Iipumbu Shiimi, announced that Qatar and TotalEnergies are likely to agree on developing the first offshore oil project
Oil Prices Rise Again amid Production Concerns
Oil prices rebounded on Wednesday after a sharp decline in the previous session halted a three-day winning streak
Egypt’s Natural Gas Production Drops by 35%
Egypt’s natural gas production has decreased by nearly 35%, equivalent to 1.8 billion cubic feet per day
Increasing Oil Field Shutdowns in Libya Amid Political Disputes
Libya saw an increase in oil field shutdowns on Wednesday as production from the Sarir oil field neared a complete halt
“United Mining Industries” Distributes 7% Cash Dividends to Shareholders
On August 27, 2024, United Mining Industries "United Mining"distributed a 7% cash dividend to its shareholders
Tunisia’s Water Reserves Drop by 23.2%, Calls for State of Emergency
The Tunisian Water Observatory has called for a state of emergency to be declared, as the country’s dam reserves have dropped
Ethiopia Doubles Electricity Production by Activating Two New Turbines on GERD
Ethiopia has revealed that it has activated two new turbines on the Grand Ethiopian Renaissance Dam (GERD)
Russia Warns Europeans of Rising Gas Prices
On Wednesday, Russia warned European consumers that they would face higher gas prices if an agreement to transport Russian gas through Ukraine
SABIC Expands Propylene and Polypropylene Plants
Saudi International Petrochemical Company (Sipchem) has signed contracts to expand two of its propylene and polypropylene plants
ExxonMobil Predicts Oil Demand to Remain Above 100 Million Barrels per Day
ExxonMobil expects global oil demand to remain above 100 million barrels per day until 2050, driven by growth in industrial uses
Oil Prices Decline amid Rising Tensions in the Middle East and Libyan Oil Field Closures
Oil prices fell in Asian trading on Tuesday after rising more than 7% over the previous three sessions
Canada Imposes 100% Tariffs on Chinese Electric Vehicles
Canada has imposed a 100% tariff on imports of Chinese electric vehicles in line with U.S.
Kuwait Saves $7 Billion by Using Gas Instead of Diesel for Power Plants
Sheikh Khaled Al-Sabah, Managing Director of Global Marketing at Kuwait Petroleum Corporation
Egypt Explores Gas and Oil in 12 Areas in the Mediterranean and Nile Delta
The Egyptian Natural Gas Holding Company (EGAS) plans to launch a new international bid for 2024
Libya Halts Production at Two Oil Fields After Declaring Force Majeure
Production at two oil fields in Libya has been halted, with a third field reducing its output.
Mubadala Acquires 100% Ownership of a Global Biologics Company
Mubadala Investment Company, a global sovereign investment company based in Abu Dhabi
Oil Prices Maintain Gains Supported by Middle East Escalation Fears
Oil prices maintained their gains on Monday due to concerns that an escalation in the Middle East could disrupt regional oil supplies
KAUST and NEOM Support Saudi Arabia’s Transition to a Green Economy
King Abdullah University of Science and Technology (KAUST) has partnered with NEOM to support the transition to a green economy
“East Oil” Signs a Contract to Supply Engine Oils to Ethiopia
East Oil Chemical Industries announced in a statement to the Saudi Stock Exchange (Tadawul) today
Russia’s Fuel Oil Exports Rose to 1.1 Million Barrels per Day
Russia’s fuel oil exports increased in August following the completion of maintenance work at some oil refineries
Qatar and Kuwait Plan to Sign a Long-Term Gas Sale and Purchase Agreement
Qatar Energy and Kuwait Petroleum Corporation are preparing to sign a long-term liquefied natural gas (LNG) sale and purchase agreement
European Gas Reserves Exceed 100 Billion Cubic Meters
New data revealed that gas reserves in European underground storage facilities have surpassed 91%, or 100 billion cubic meters
Oil Prices Continue to Rise amid Renewed Attacks in the Red Sea
Oil prices continued to rise amid renewed attacks on oil tankers in the Red Sea. The futures for U.S. crude, West Texas Intermediate
Israel Expands Gas Exports to Egypt with a New Pipeline
Israel plans to expand its natural gas exports to Egypt by constructing a new Israeli gas pipeline that will be about 65 kilometers long
Russia Uses Sanctioned Ships to Export Its Oil Products
Data from the London Stock Exchange Group and market sources have revealed that Russia has begun using ships
Russia Transports 42.4 Million Cubic Meters of Gas to Europe via Ukraine
Russian gas producer Gazprom transported 42.4 million cubic meters of gas to Europe via Ukraine on Saturday
Climate Change Destroys Pine Trees in Southern Finland
Researchers have linked the death of a large number of pine trees in southern Finland this summer to climate change
Kenya to Build Its First Nuclear Power Plant for €3.5 Billion
Kenya plans to build its first nuclear power plant by 2034, according to the country’s Prime Minister, Musalia Mudavadi
America Buys 2.5 Million Barrels of Oil to Refill Strategic Reserve
The United States has purchased approximately 2.5 million barrels of oil to help refill the Strategic Petroleum Reserve
TAQA Completes Financing for SATROP Expansion in Saudi Arabia
Abu Dhabi National Energy Company (TAQA), in collaboration with Japan’s largest power generation company
Rare Earth Metals Market Concerned over China’s Export Controls
Industry leaders in the rare earth metals sector are increasingly concerned about recent export controls imposed by China
U.S. Crude Oil Inventories Fell by 4.6 Million Barrels
U.S. crude oil, gasoline, and distillate inventories experienced significant declines in the week ending August 16, according to the Energy Information Administration (EIA)
Oil Prices Fell for the Fifth Consecutive Session amid Demand Concerns
Oil prices continued to decline for the fifth straight session on Thursday, pressured by growing concerns over global demand,
Fuel Costs for Egypt’s Power Stations Reach EGP 32 Billion in Two Months
Egypt’s Ministry of Petroleum and Mineral Resources successfully supplied power stations across the country with shipments of natural gas
Iraq Assigns the Taskof Developing Kirkuk Oil and Gas Fields to “B.B.”
The Iraqi Oil Ministry said it had an agreement with BP. The development of oil and gas fields in Kirkuk will be based on a profit-sharing model
Russia Is the Leading Suppliers of Oil, Gas, and Nuclear Energy to China
Russian Prime Minister Mikhail Mishustin said that the Russian-Chinese energy partnership is flourishing and that Russia is a leading supplier of oil, gas, and other energy carriers
Qatar Provides Kuwait with Gas for 15 Years to Meet Its Growing Energy Demand
Qatar Energy is in talks with the Kuwait Petroleum Corporation (KPC) to provide it with new long-term supplies of liquefied natural gas (LNG)
The 11th Shipment of Liquefied Gas Arrives in Egypt
Egypt has received the eleventh shipment of liquefied gas that arrived at the port of Ain Sokhna to provide its gas needs for domestic consumption
Russia Is Building 11 New Nuclear Power Plants
Russia has put forward a huge project to build 11 new large and small nuclear power plants in the country.
Brent Crude Oil Prices Will Fall to 68 Dollars by 2025
A recent report predicted that Brent crude prices will fall to 68 dollars per barrel by late 2025 if China’s demand for oil
Australia Is Building the Largest Solar Power Plant in the World
The Australian government unveiled a plan on Wednesday to build a huge solar power plant in the north of the country in a project
“ACWA Power” Invests 260 Million Dollars in “Wind” in Uzbekistan
ACWA Power has announced the development of the Biruni autonomous wind power plant project in Uzbekistan, with an investment value of USD 260 million
Egypt Increases Electricity Prices for Households by 30%
Egypt’s Ministry of Electricity and Renewable Energy decided to implement a new increase in electricity prices starting with August consumption
Oil Prices Decline amid Optimism over Middle East Supply Stability
Oil prices dropped on Tuesday after Israel accepted a proposal that reduces disputes hindering a ceasefire agreement in Gaza, helping to ease concerns
The Saudi National Shipping Company "Bahri" signed a purchase agreement on Tuesday with Capital Maritime & Trading Corporation to acquire
Partnership Between ADNOC, Petronas, and Storegga to Evaluate Carbon Storage in Saline Aquifers
ADNOC, Petronas, and Storegga signed a joint "Study and Development Agreement" on Tuesday to evaluate carbon dioxide storage capabilities in saline
Coal Power Station Approvals in China Decline
Chinese authorities’ approvals for new coal-fired power stations have sharply declined after a surge in permits over the past two years that raised
Saudi Crude Oil Exports Drop to 6.047 Million Barrels Per Day
Data from the Joint Organizations Data Initiative (JODI) revealed on Tuesday that Saudi Arabia’s crude oil exports dropped to 6.047 million barrels per day in June
The EU Imposes 36% Tariff on Chinese Electric Vehicles
The European Commission announced that the EU intends to impose tariffs of up to 36% on Chinese electric vehicles for five years
Russia Builds Modern Tankers for Oil Product Transportation
Russia and Azerbaijan have started building modern oil tankers at the Baku Shipyard, which will significantly increase the supply of oil
Oil Prices Decline Amid Expectations of Weak Chinese Demand
Oil prices fell in early Asian trading on Monday as market sentiment was affected by concerns over weak demand in China
Algeria Supplies Lebanon with Fuel to Run Power Plants
The Algerian government has decided to immediately supply Lebanon with fuel to operate power plants and restore electricity across the country
Ukraine Faces Power Outages Due to Generation Shortage and Hot Weather
Ukraine resumed power outages for some customers on Monday due to a generation shortage caused by Russian attacks on the grid and increased
Ship Fuel Sales in Fujairah Port Hit Their Highest Level
Recent data revealed that ship fuel sales at the UAE’s Fujairah port rose to a three-month high in July. According to the Fujairah Oil Industry Zone (FOIZ)
Electricity Restored in Kuwait After Fuel Supply Issue Fixed
Kuwait’s Ministry of Electricity, Water, and Renewable Energy has restored power to all areas where it was cut off to maintain the stability of the country’s electrical grid
The Flow of Chinese Electric Cars to Europe Slows Due to Low Prices
The influx of Chinese-made electric cars into the European Union slowed last July as the bloc moved to protect local car manufacturers
Algeria Signs a Contract with China to Increase Production at the Alrar Gas Field
The Algerian Sonatrach Group has signed a contract with the China Petroleum Engineering & Construction Corporation to establish new units
Egypt and the UAE Agree to Establish a 200 MW Wind Power Plant
As part of the economic cooperation between the UAE and Egypt, the Emirati company "Masdar" and the Egyptian company "Infinity" have formed a consortium and signed two agreements
Oil Loses 2% of Its Gains Amid Declining Chinese Demand Growth Expectations
Oil prices fell by about 2% at settlement, with little change over the week, as Brent crude dropped below $80 a barrel amid declining investor expectations
Lebanon Awaits Egyptian Gas to Solve the Electricity Outage Crisis
Lebanon is awaiting the arrival of gas shipments from Egypt by August 23 to help restore electricity, which was cut off after power plants exhausted their fuel supplies
A New Naphtha and LPG Production Project in Suez Nears Completion by Q4 2024
The Petroleum Projects and Technical Consultations Company "Petrojet," affiliated with the Egyptian petroleum sector
Egypt Opts for Current Power Plants and Expands Its Renewable Energy Projects
The Egyptian Ministry of Electricity has decided to rely on the existing thermal power plants, which include gas, steam, and combined-cycle stations
Unprecedented Boom in the Energy Sector in the Middle East and North Africa
The Middle East and North Africa (MENA) region is witnessing an unprecedented boom in the solar energy sector
WETEX Enhances Dubai’s Position as a Global Hub for Energy, Water, and Sustainability
The 26th edition of the Water, Energy, Technology, and Environment Exhibition (WETEX) witnessed record participation from Chinese companies
Rising Temperatures Threaten the Lives of Billions of Workers Worldwide
Recent studies have shown that the increasing temperatures resulting from climate change pose a direct threat to the lives and health of billions of workers globally
Iraq Signs Contracts to Develop 13 Oil and Gas Fields
Iraq’s Ministry of Oil has preliminarily signed contracts to develop 13 oil and gas exploration blocks and fields
Oil Prices Continue to Rise Amid Hopes for Increased Fuel Demand
Oil prices continued to climb on Thursday, recovering some of the losses from the previous session, amid hopes that a potential U.S.
Chinese Oil Refinery Output Drops 6.1%
Official data released on Thursday revealed that oil refinery output in China fell by 6.1% year-on-year in July
Potential Shift in U.S. Oil Sanctions Policy if Trump Wins Presidency
S&P Global predicted that U.S. oil sanctions policy could undergo significant changes if Donald Trump wins the presidential election
Surge in Global Electric Vehicle Sales
Global sales of electric vehicles (EVs) saw a surprising surge in July, driven by rapid growth in sales in China at the fastest pace since the beginning of the year
Oil Prices Continue to Rise Amid Middle East Conflict Concerns
Oil prices continued to rise on Wednesday after a report showed a drop in U.S. crude and gasoline inventories
Gazprom Pumps 42.4 Million Cubic Meters of Gas Daily via Ukraine
Russia’s Gazprom announced that its natural gas exports through the Sudzha pumping station near the Ukrainian border reached 42.4 million cubic meters
Chinese Energy Engineering Constructs a Giant Solar Plant in Saudi Arabia
China Energy Engineering Corporation has achieved a significant breakthrough in Saudi Arabia’s renewable energy market
Launch of Four Mega Projects in Saudi Arabia for Renewable Energy Generation and Water Desalination
ACWA Power is set to begin commercial operations for four mega projects in the second half of 2024
Commencement of Draining 1.4 Million Liters of Fuel from the Stricken “MT Terranova”
The Philippine Coast Guard announced on Wednesday that operations to drain 1.4 million liters of industrial fuel oil from a sunken tanker
Rise in Profits for UAE’s TAQA by 17% in Q2
The Abu Dhabi National Energy Company "TAQA" reported a 17% year-on-year increase in its Q2 profits, reaching AED 2.3 billion
International Energy Agency Revises Oil Demand Growth Forecast for 2025
The International Energy Agency (IEA) maintained its forecast for oil demand growth in 2024 but revised its expectations for 2025
India’s Tata Power Partners with BhutanDruk Green Power Corporation for a Major Hydropower Project
India’s Tata Power has announced a strategic partnership with Bhutan’s Druk Green Power Corporation
Morocco Tops Arab Countries in the Climate Performance Index
Morocco has made remarkable progress, topping the list of Arab countries in the Climate Performance Index 2023
Egypt Supplies Power Plants with 155 Million Cubic Meters of Fuel Daily
The Egyptian Ministry of Petroleum said it is providing daily quantities of fuel to Egyptian power plants
The US Seeks to Purchase 6 Million Barrels of Oil to Cover Strategic Reserve Deficit
The United States is seeking to purchase an additional 6 million barrels of oil from energy companies to help cover the deficit
Kuwait Maintains Oil Export Prices to Asia
Kuwait has kept its official selling price for Kuwaiti crude oil to Asia unchanged at $1.25 per barrel above the average Oman/Dubai price for September
China Leads Increase in Lithium Production in Africa
Chinese mining and refining companies are leading an increase in lithium production in Africa, overlooking supply
Kuwait to Invest More in Gas Exploration and Production in Egypt
The Egyptian Kuwaiti Holding Company announced today that it plans to invest more in Egypt to enhance exploration operations and increase gas production
Egypt’s Imports of Israeli Gas Rise by 5%
Egypt’s imports of Israeli natural gas increased by approximately 5% in August to about 890 million cubic feet per day
Egypt and Greece Agree to Accelerate “Electricity Interconnection” Project
Egyptian Minister of Electricity and Renewable Energy, Dr. Mahmoud Asmat, met with Dimitris Kopoulos, Chairman of Kopoulos Group
UAE Accelerates Towards Carbon Neutrality by 2050
The United Arab Emirates is undergoing a major transformation in its energy sector, racing towards achieving carbon neutrality by 2050
Morocco and EU Partner in Green Hydrogen Generation
Morocco is making a bold move towards clean energy, emerging as a key strategic partner for the European Union in the field of green hydrogen generation
“Gazprom” Continues Russian Gas Transit to Europe via Ukraine
Gazprom has announced that it continues to transit Russian gas to Europe through Ukraine via the Sudzha pumping station at the volume confirmed by the Ukrainian side
Egypt Launches the First Carbon Credit Market
Egypt’s Financial Regulatory Authority (FRA), the regulator of the non-banking financial sector, including the capital market, insurance activities, and non-banking financing activities, announced the launch of the first regulated and supervised carbon credit market in Egypt and Africa.
Petrobras: Mataripe Refinery Is Not a Priority
The Brazilian state-run oil company Petrobras does not see the repurchase of the Mataripe refinery, owned by Abu Dhabi’s sovereign wealth fund Mubadala, as a priority
Oil Scores Weekly Gains of 4% on Positive Economic Data
Oil prices rallied to a weekly gain of around 4% as demand concerns eased on positive economic data and signals from Federal Reserve policymakers that they may be nearing the end of interest rate hikes
Data Centers Connecting to Nuclear Plants for Clean Power
Technology companies are racing to connect data centers directly to nuclear power plants to secure clean energy and power artificial intelligence
Iraq Transforms Oil and Residues into High-Quality White Products
The Iraqi Ministry of Oil is nearing completion of a project that will convert heavy crude oil and oil residues into high-quality white products
JLL Dubai Headquarters Achieves Carbon Neutrality Milestone
Global real estate consultancy JLL and Mashreq, a leading financial institution in the region, celebrate the LEED Zero Carbon certification of Mashreq’s Dubai headquarters
Egypt’s Nuclear Ambitions Take Shape with the El Dabaa Power Plant
Egypt is taking a significant step toward energy independence and clean energy with the construction of the El Dabaa nuclear power plant
Renewable Energy Is Making Strides, But Challenges Remain
The International Renewable Energy Agency (IRENA) reports significant progress in global renewable energy adoption
Electric Vehicle Prices Expected to Drop 20% in 2025
Experts anticipate a decline in electric vehicle (EV) prices relative to conventional vehicles as the cost of one of the key components in EVs decreases
Emergency Declared at Libya’s Largest Oil Field
The National Oil Corporation (NOC) in Libya announced on Wednesday that it had declared a state of force majeure at the Sharara oil field, effective August 7
Egypt to Start Operating Gas Processing Plant in the Western Desert by Mid-2025
The Egyptian Ministry of Petroleum and Mineral Resources intends to complete the construction of a natural gas processing plant in the Western Desert
Oil Prices Decline After Two Sessions of Gains
Oil prices fell on Thursday, recording losses after two sessions of gains, which were supported by government data showing a sharp decline in U.S. crude inventories
Egypt Prepares to Execute Projects to Produce 39 GW of Electricity from Renewable Energy
The Egyptian Ministry of Electricity is preparing to hold meetings in the coming weeks with five Arab and international companies involved in the planned projects in Egypt to produce 39 gigawatts of electricity from renewable energy.
Petronas Withdraws from South Sudan Amid Rapid Energy Transition
Malaysia’s state-owned energy company Petronas has announced its withdrawal from South Sudan as it restructures its investment strategy to align with business conditions.
Russian Oil Continues to Flow to Europe Despite Some Companies Withdrawing
Data from traders and shipping companies has revealed that a group of Western insurance companies have provided coverage for tankers carrying Russian crude oil
Sharara Field Cuts Oil Production Due to “Force Majeure”
The Sharara field, one of Libya’s largest oil-producing areas, has reduced its output due to force majeure conditions caused by protests by the Fezzan Movement
Narrowing Gap Between Supply and Demand in U.S. Oil Markets
The U.S. Energy Information Administration (EIA) expects a narrowing gap between supply and demand in U.S. oil markets this year
Oil Prices Rise and Demand Decline Limits Gains
Oil prices rose in Asian trading on Wednesday amid increasing tensions in the Middle East, though the gains were limited by declining demand
ADNOC Raises “Murban” Price and Funds Expansions with $1.25 Billion
Abu Dhabi National Oil Company (ADNOC) set the official selling price of its benchmark Murban crude for September at $83.80 per barrel
Gas Company Profits Rise by 6.4% in the Second Quarter of This Year
The profits of the National Gas and Industrialization Company, "Gasco", increased by 6.4% to 58 million riyals in the second quarter of this year
“Aramco” Boosts Its Investments in LNG with a Partnership with “Sempra”
Saudi energy giant Aramco is steadily moving toward a more diversified and sustainable future. After announcing its financial results
A New Gas Discovery in Colombia After Two Years of Drilling
The Brazilian oil giant Petrobras has announced the discovery of new quantities of natural gas in Colombian territorial waters off the coast of the Caribbean Sea
Algerian Gas Exports Decline Due to Rising Electricity Demand
Algeria’s liquefied natural gas (LNG) exports have dropped significantly in recent months, raising questions about the causes and potential consequences for the Algerian economy.
UK Electric Car Sales Decline Amidst Economic Slowdown
Sales of electric vehicles in the UK declined in July 2024 amid an economic slowdown, prompting the Society of Motor Manufacturers and Traders (SMMT)
Aramco Reports Strong Q2 Earnings, Exceeding Analyst Expectations
Saudi Aramco, the global oil giant, has announced strong financial results for the second quarter of 2024, exceeding analyst expectations and achieving
Libya’s Largest Oil Field Halted by Protests
Production at Sharara, Libya’s largest oil field, has been completely shut down after local protesters from the Fezzan region blockaded the facility
The EU Implements New Rules to Curb Carbon Emissions
The European Commission has introduced new regulations for the European Union (EU) aimed at reducing emissions from farms and large industrial facilities
Egypt to a Establish $217 Million Mineral Extraction Complex in Aswan
Egypt’s Ministry of Petroleum and Mineral Resources has announced plans to establish a two-phase mineral extraction complex in Aswan
Egypt’s Petroleum Product Imports Surge by 47%
Egypt’s imports of petroleum products witnessed a significant 47% increase in the first five months of 2024 compared to the same period in 2023
Osaka Gas and ADNOC Sign LNG Supply Deal
Japanese firm Osaka Gas has signed a long-term agreement with Abu Dhabi National Oil Company (ADNOC) for the supply of up to 0.8 million metric tons of liquefied natural gas (LNG) per year.
Enersol Strengthens Global Energy Position with New Acquisition
Enersol, the joint venture between ADNOC Drilling and Alpha Dhabi Holding, has announced a new acquisition deal
5 Arab Countries Cancel Coal-Fired Power Projects and Transition to Renewable Energy
Five Arab countries have moved to cancel ambitious coal-fired power projects, a major source of environmental pollution
Emirates Water and Electricity Company (EWEC) and Mediclinic Middle East have announced the extension of their strategic partnership
Oil Hovers at an Eight-Month Low Due to Recession Fears
On Monday, oil prices settled at their lowest level in eight months as concerns about a potential recession in the United States
Saudi Arabia Raises Oil Prices in Asia for the First Time in Three Months
For the first time in three months, Saudi Arabia, the world’s largest oil exporter, has increased the official selling price of its Arab Light crude to Asia for September
Austria to End Dependence on Russian Gas by 2027
Austria’s ruling coalition has decided to gradually phase out Russian gas by 2027 as part of the country’s new security strategy
Saudi Arabia Explores Chile’s Lithium Production Experience
Saudi Arabia’s Deputy Minister of Industry and Mineral Resources for Mining Affairs, Eng. Khalid bin Saleh Al-Mudaifer
Oil Prices Hit Lowest Levels Since January
Oil prices dropped to their lowest levels since January after data showed U.S. job growth slowed more than expected last month
French Energy Company ENGIE’s Profits Drop by 16%
French energy company ENGIE saw a 16% drop in profits in the first half of this year as warmer-than-usual winter weather
OPEC Oil Production Rises Due to Saudi Supply Rebound
OPEC’s oil production increased in July, driven by a recovery in Saudi Arabia’s supply and slight gains elsewhere
Egyptian Engineer Develops Groundbreaking Green Hydrogen Technology
In a bid to tackle water scarcity and environmental pollution, an Egyptian researcher has developed a game-changing technology that produces green hydrogen from wastewater
Aramco Holds Strong as the Middle East’s Most Valuable Brand, While Green Tech Makes Waves
Oil giant Aramco continues its reign as the Middle East’s most valuable brand, boasting a staggering $41.6 billion valuation
Challenges Hinder Kuwait’s Transition to Clean Energy
Kuwait has witnessed many projects announced in the field of clean energy, but the challenges have affected confidence
Masdar Acquires a Large Share of Spanish Renewable Energy Projects
Masdar, the UAE’s leading global clean energy company, has made important developments in its global investments
Oman Launches an Ambitious Project to Increase Liquefied Gas Production
The Sultanate of Oman announced ambitious plans to enhance its capabilities in producing and exporting liquefied natural gas
KSA – Chile Partnership in the Lithium Sector
Saudi-Chilean relations have developed significantly recently, as the Kingdom of Saudi Arabia has shown great interest in cooperating with Chile
BP’s Profits Were $2.76 Billion in the Second Quarter
Oil giant BP announced strong financial results for the second quarter of the year, with its profits exceeding expectations
America Buys 4.65 Million Barrels of Oil to Refill Its Strategic Reserve
The US Department of Energy announced the conclusion of a contract to purchase 4.65 million barrels of crude oil to refill the Strategic Petroleum Reserve
The Decline in Liquefied Gas Production Threatens the Russian Economy
The Russian liquefied natural gas industry has suffered a painful blow, with a sharp decline in production from the giant Arctic LNG 2 facility
Total Energies Withdraws from Gas Exploration Projects in South Africa
Total Energies has decided to withdraw from huge gas discoveries in South Africa, threatening the country’s ambitious energy plans
66.2% of Saudi Homes to be Powered by Renewable Energy
Recent reports predict that renewable energy projects in Saudi Arabia will cover more than 2,436,523 homes
Morocco Plans Africa’s First Offshore Wind Farm
Morocco is set to build Africa’s first offshore wind farm and has begun searching for an international consultant to conduct advanced studies for the project
Algeria’s Largest Power Plant Begins Operations
Sonelgaz has announced the partial start-up of Algeria’s largest power plant, located east of Mostaganem
Tunisia Signs 6 Agreements to Achieve National Green Hydrogen Strategy
Tunisia’s Minister of Industry, Mines, and Energy, Fatma Chiboub, has signed six memorandums of understanding with a group of international companies
Volvo Retracts Its Commitment to Fully Electric Vehicle Production
Statements by Volvo’s CEO, Jim Rowan, have raised questions about the company’s commitment to electric vehicle production
Dangote Refinery Denies Selling Crude Oil Without Refining
Tony Chiejina, the official spokesperson for Dangote Refinery in Nigeria, Africa’s largest oil refinery, denied technical malfunctions and reports about selling crude oil without refining
Oil Prices Decline Amid Positive News from China
Oil prices remained near their six-week low as positive economic data from China helped alleviate concerns about demand
Establishing the First Offshore Electric Charging Station Powered by Wind Energy
A Belgian company has successfully established the first offshore electric charging station powered by wind energy
Egypt Signs Major Gas and Oil Investment Deals with Shell and Chevron
Egypt is undergoing a significant energy sector transformation, focusing on boosting natural gas reserves and developing related infrastructure
UAE Solar Energy Market Booms, Outpacing Global Growth
The UAE’s solar energy market is flourishing, exceeding global growth rates and showcasing the nation’s commitment to a sustainable green economy
Satellite Technology: A Game-Changer for Energy Challenges
The oil and gas industry is increasingly relying on Synthetic Aperture Radar (SAR) satellites to address environmental concerns and enhance operational efficiency
Saudi Arabia Eyes Investments in Brazilian Iron Ore Giant
Saudi Arabia’s Minister of Industry and Mineral Resources, Bandar bin Ibrahim Al-Khorayef, visited Brazil’s Carajás mines
Liquidation of the Oldest Metals Company after Years of Financial and Administrative Decline
The Egyptian Metal Construction Company, "Metalco", the oldest metals company in Egypt and the Middle East, has announced its liquidation after years of financial and administrative decline that ultimately led to accumulated losses and eroded capital.
Qatar Prepares to Boost Solar Power Production to 1675 MW
TotalEnergies, the energy giant, has highlighted Qatar’s remarkable achievements in the solar energy sector, emphasizing the pivotal role of large-scale renewable energy projects in this success.
Promising Investments between Saudi Arabia and Thailand in Renewable Energy and Electric Vehicles
Saudi Arabia and Thailand are poised to elevate their bilateral cooperation to a strategic partnership aimed at mutual benefits and sustainable development in both nations.
Eni’s Net Profits Fell by 21% During the Second Quarter of This Year
The Italian energy giant Eni revealed that its adjusted net profits declined by 21% during the second quarter of this year compared to the same period last year
Taiwan’s Closure of Its Nuclear Reactor Increases Its Dependence on Energy Imports
Taiwan has closed its penultimate nuclear reactor in a move that increases the island’s dependence on energy imports
Noticeable Decline in Oil Prices After Decline in Chinese Demand
Global oil markets declined significantly, with oil futures closing down 1.5%.
$11.5 Billion Qatar’s Investments in Its Huge “Golden Pass” Project
Qatar Energy Company revealed that the total investment volume in its huge “Golden Pass” project in the United States of America has reached about $11.5 billion.
Egypt and Jordan Explore Joint Purchase of Floating Storage and Regasification Unit (FSRU)
The Egyptian government has announced its plan to jointly explore the acquisition of a Floating Storage and Regasification Unit (FSRU) with Jordan
Jordan’s Renewed Tariff Exemption on Renewable Energy Systems Sparks Investment Hopes
Jordanian experts have welcomed the government’s decision to reinstate the law exempting renewable energy systems from customs duties
Indonesia: Powering the World’s Electric Vehicle Revolution
Indonesia’s nickel mining industry is experiencing a boom, driven by the metal’s crucial role in electric vehicle batteries
Spain Secures €1.2 Billion in EU Aid to Fuel Green Hydrogen Ambitions
Spain’s aspirations to become a green hydrogen powerhouse have received a significant boost with the European Union’s approval of substantial state aid
Sellafield Receives First All-Electric Locomotive to Reduce Carbon Footprint
Sellafield Ltd, the operator of the largest nuclear waste site in the UK, celebrated the delivery of its first fully electric locomotive
A UAE Company Develops Egyptian Oil Fields Using AI
A UAE company has utilized artificial intelligence as part of its comprehensive strategy to develop oil fields in Egypt
Oil Prices Rise, Supported by Declining US Inventories
Oil prices increased on Wednesday after a series of declines, driven by rising US crude inventories.
Russia Admits Exceeding Its OPEC+ Quota
Russia is close to achieving the production goals agreed upon with the OPEC+ alliance, Russian Deputy Prime Minister Alexander Novak said
North Sea Oil Prices Fall Sharply After Asian Demand Declines
A cargo of North Sea crude worth about 2 million barrels was sold at a very low price to a buyer in Asia, a worrying sign of continued weak demand for oil
America Gives Reliance Green Light to Import Oil from Venezuela
Reliance Industries, a giant refining company in India, has received approval from the United States to resume importing oil from Venezuela
The Catalan Field Is a Huge Boost to the Region’s Energy Sector
The Greek company Energean made the final investment decision in the Catalan gas project discovered off the coast of Israel
Turkey Achieves Its Energy Independence with a Giant Gas Processing Ship
Turkey is seeking to strengthen its steps toward achieving its energy independence by purchasing a giant gas processing ship
Africa Accelerates Efforts Toward a Clean Energy Transition
The African Union continues its efforts to accelerate the transition to clean energy, with universal energy access remaining a top priority for developing
Challenges Hamper Europe’s Shift to Electric Vehicles
Luca de Meo, CEO of Renault, expressed doubts about Europe’s timeline for transitioning to electric vehicles.
Morocco Turns Energy Challenges into Investment Opportunities
A recent study revealed that Morocco’s strategy to reduce its energy dependency to 88% has helped preserve its financial resources and protect
Algeria: Supplying Europe with Electricity Produced via Gas and Alternative Energies
Algeria is on the brink of signing a significant agreement with international partners to establish a submarine cable project
The UAE Supports Global Efforts to Provide Clean Energy Solutions
The Emirates Energy Award, through its various categories, aims to support global efforts to provide clean and renewable energy solutions
Egypt Allocates 90 Square Kilometers to “AMEA Power” for Renewable Energy Projects
The Egyptian government, represented by the New and Renewable Energy Authority, plans to allocate 90 square kilometers of land to AMEA Power
A New Technology Boosts Energy Production Without Additional Costs
PV Hardware, a company specializing in solar tracking solutions, has introduced the innovative Micro-Tilt feature
Egypt Adds 750 Megawatts to Its Electrical Network from Wind and Solar
The Egyptian Ministry of Electricity and Renewable Energy is working to accelerate the pace of renewable energy projects
Carbon Emissions Rise by 23 Million Tons in 6 Months
In the first half of this year, there was an alarming increase in carbon emissions from maritime shipping, reaching 450 million tons
The Crude Oil Market Rebounds with China’s Increased Purchases from the Middle East
The crude oil market saw an unexpected boost as Chinese refiners increased their purchases of Middle Eastern oil despite continuing
Global Nuclear Power Production Is Expected to Increase by 3.5% in 2025
The latest July 2024 report from the International Energy Agency (IEA) predicts that nuclear power production will reach record levels in 2025
ADNOC to Build Nine Giant Carriers for $1.91 Billion
The UAE’s ADNOC Logistics & Services announced that its subsidiary, AW Shipping, in collaboration with China’s Wanhua Chemical Group
Algeria Achieves Breakthrough in Electricity Production, Meeting National Demand
Algeria has accomplished a major milestone in electricity production, achieving record figures that cover all national needs, both during peak and off-peak hours
Iraq and Turkey Inaugurate Electricity Interconnection to Enhance Power Supply
Iraq has inaugurated a crucial electricity interconnection line with Turkey to power its northern region, marking a significant step in Baghdad’s efforts to diversify energy sources
Saudi Arabia and Egypt to Bolster Investments in Renewable Energy Projects
Egyptian Minister of Electricity and Renewable Energy, Dr. Mohamed Shaker, and Minister of Petroleum and Mineral Resources, Eng. Tarek El Molla, met with Saudi Energy Minister
China Dominates Global Renewable Energy Capacity Additions, Raising Concerns About Global Equity
China accounted for a staggering 63% of the world’s new renewable energy capacity in 2023, adding a massive 298 gigawatts (GW)
America Supports Renewable Energy Projects in Angola with $1.6 Billion
The US Export-Import Bank has approved a $1.6 billion direct loan to support vital renewable energy and drinking water projects in Angola
Oil Prices Rise Coinciding with Biden’s Withdrawal and the Canadian Fires
Oil prices rose significantly after falling by about 3%, as investors anxiously follow the developments of political events in the United States
Oil Market Poised for Surplus in 2024, Prices Expected to Ease
Morgan Stanley predicts a shift in the currently tight crude oil market toward a surplus next year, anticipating a decline in Brent crude prices
Fire Erupts at Russia’s Tuapse Refinery Following a Suspected Drone Attack
Officials in the Krasnodar region have reported damage to the Tuapse refinery, owned by Russian oil giant Rosneft
Algeria to Export Its Surplus Electricity to Europe
The Algerian Minister of Energy and Mines, Mohamed Arkab, announced the imminent signing of an agreement between the Sonatrach and Sonelgaz
Saudi Arabia Explores Investment Opportunities in Mining with Chile and Brazil
The Kingdom of Saudi Arabia sent a delegation from the industry and mineral resources system
China Joins the Emissions Reduction Pact
PetroChina, the largest oil company in China, announced its joining the “Pact to Reduce Emissions of the Oil and Gas Sector”
China’s Fuel Oil Imports Fell by 11% Due to Weak Domestic Demand
Chinese customs data showed that the country’s imports of fuel oil decreased by 11% in the first half of this year
The UAE Exports Green Ammonia from Egypt to Europe
The Emirati Company "Fertiglobe" plans to export green ammonia from Egypt to Europe, an important step toward
The Decline in Gas Production Hampers Egypt’s Efforts to Achieve Its Renewable Energy Goals
Egypt’s energy sector is experiencing a double crisis this summer as the country faces a decline in natural gas production and a rise in electricity demand
Saipem Wins Contract to Monitor Gas Pipeline Between Libya and Italy
Italian energy company Saipem has secured a contract to provide underwater monitoring and intervention services
Masdar Launches a Second Green Bond Issuance Worth $1 Billion
Abu Dhabi Future Energy Company "Masdar" has successfully completed its second green bond issuance
Gasoline Crisis in America After Joliet Refinery Stopped
The US Midwest region is facing a potential gasoline crisis after ExxonMobil’s Joliet refinery in Illinois stopped operating completely
Power Outages to Homes and Factories in Ukraine
Russia launched drone attacks on energy transmission facilities in northern and central Ukraine overnight, causing temporary power outages for households and industrial producers
China Increases Its Imports of Russian Oil by 5%
China’s oil trade took a noticeable turn during the first half of this year, as its imports of crude oil from Russia increased by 5%
Azerbaijan: Ready to Fill the Gap in Gas Supplies to Europe
Azerbaijani President Ilham Aliyev announced his country’s readiness to increase natural gas supplies to Europe via Ukraine
China Establishes a Major Energy Storage Project in Saudi Arabia
Chinese inverter manufacturer Sungrow Power Supply Co. has signed an agreement with Saudi holding company
Kuwait: Private Sector Involvement in Traditional and Renewable Energy Production
Dr. Mahmoud Bushehri, Kuwait’s Minister of Electricity, Water, and Renewable Energy and Minister of State for Housing Affairs
Egypt Halts Power Cuts During Summer
A responsible source at the Egyptian Ministry of Electricity and Renewable Energy stated that the load-shedding plan
Revival of Solar Farm Project on Libya’s Coastline
Malta’s Prime Minister, Robert Abela, expressed his country’s interest in strengthening partnerships and cooperation with Libya
Clean Energy Startups Attract Billions in Funding, Driving Innovation in Sustainable Development
Clean energy startups are attracting record levels of investment and are emerging as a powerful force
Kuwait Ramps Up Offshore Exploration, Aiming for Production Boost
Kuwait Oil Company has announced ambitious plans to drill six exploratory wells in its offshore territories
Geopolitical Shifts Reshape Global Gas Flows as Russia Signs a Major Deal with Iran
In a move signaling a deepening energy partnership, Russian energy giant Gazprom inked a 30-year agreement with the National Iranian Gas Company
Oil Markets Fluctuate Amid Competing Global Trends
Oil prices saw an uptick of nearly 1%, driven by a larger-than-anticipated decline in U.S. crude inventories and a weakening US dollar
Germany Grapples with Soaring Renewable Energy Costs, Scales Back Support
In a controversial move, the German government has announced plans to curtail financial support for renewable energy projects starting in 2025
US Natural Gas Prices Plunge as Mild Winter Creates Supply Glut
US natural gas prices have plummeted in recent weeks, defying earlier predictions of winter shortages
Czech Republic Inks Landmark Deal with South Korea for $22 Billion Nuclear Power Station
In a move signaling a strong commitment to nuclear energy, the Czech Republic has signed a monumental $22 billion contract
Senegal’s Oil and Gas Revenues Fuel Growth in Electricity and Renewable Energy Sectors
Senegal’s electricity and renewable energy sectors, alongside five other key industries, are experiencing significant growth
Egypt to Import 740,000 Tons of Petroleum Products Amidst Rising Consumption
Egypt has announced a global tender to import approximately 740,000 tons of petroleum products for delivery in August
SolaX Power Unveils Cutting-Edge Energy Storage Systems
SolaX Power, a leader in renewable energy solutions, has launched its innovative ESS-TRENE and ESS-AELIO energy storage systems
China Sees Surge in Electricity Consumption, Driven by Renewable Sources
China witnessed a significant rise in the share of electricity within its total energy consumption last year
Egypt Plans to Attract $1 Billion in Mining Investments
The Egyptian Mining Company (EMC) plans to invest $40 million over the next three years to explore gold in West Jebel Elba
Bahrain Makes Steady Progress Toward Net-Zero Carbon Emissions
The Kingdom of Bahrain is leading the region’s efforts to adopt renewable energy as it moves steadily toward achieving its net-zero goals
Turkey Is Willing to Solve Europe’s Gas Crisis Under Certain Conditions
Europe is working hard to secure alternative supplies of natural gas to replace the Russian flows passing through Ukraine
Saudi Arabia to Build a New Wind Turbine Plant
Saudi media reported that the Kingdom of Saudi Arabia is close to signing an agreement with the largest wind turbine manufacturer in China
Peugeot Launches the New Electric SUV E-3008
Peugeot has announced the launch of its new electric vehicle, the E-3008, which falls under the category of compact SUV models
Yemen Launches the First Clean Energy Electricity Generation Project
Yemeni Prime Minister Dr. Ahmed Awad bin Mubarak inaugurated a solar power plant in the Al Buraiqeh capital district, Aden
Saudi Arabia Boosts Renewable Energy Localization with Three New Projects
The Public Investment Fund (PIF) of Saudi Arabia has signed three new agreements to localize the manufacturing and assembly of wind turbines
Reviving the Inga Dam Project to Be the World’s Largest Power Station
Five well-established development finance institutions: the Southern African Regional Development Bank
Morocco Compensates “Coral” with $150 Million in the “La SAMIR” Refinery Case
The International Center for Settlement of Investment Disputes issued a decision requiring Morocco to pay compensation
Oil Tanker Capsizes off the Coast of Oman and Fears of a Leak
The crew of the oil tanker that capsized off the port of Duqm in Oman is still missing, a day after the Comoros-flagged tanker was reported to have sunk
Russia Builds a Second Nuclear Plant in Turkey
The Russian state-owned company Rosatom led the race to build the second nuclear power plant in Turkey
Oil Prices Rise Amid Political Uncertainty in America and the Middle East
Oil prices rose due to political uncertainty in the United States and the Middle East, easing pressure from a stronger dollar and weak demand in China
Egypt: 145 Exploration Agreements Signed for Gas and Oil with 40 Partners
The Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, revealed the ministry’s plans to expand gas and oil production
$550 Million Contracts Awarded to Complete Gas Pipeline Expansion in UAE
ADNOC Gas has awarded contracts worth AED 2 billion (equivalent to USD 550 million) to the National Marine Dredging Group and Galfar
Egypt Pays Arrears of Foreign Oil Companies in Three Installments
The Egyptian government has announced a plan to pay foreign oil companies $3.2 billion in arrears in three installments during the current fiscal year
“Infinity Power” Develops Renewable Energy Projects in Cameroon
Infinity Power, Africa’s largest renewable energy provider, has signed a memorandum of understanding with the Regional Council of Western Cameroon
Gas Prices Fell by 7% with Expectations of a Decrease in Temperature
Natural gas prices decreased by more than 7%, which is the most compared to the last two months in the United States of America
Russia Threatens to Ban Gasoline Exports Again
A ban on gasoline exports will likely be re-imposed in August in a move to prevent shortages in the local market
Large-Scale Campaign Against the Russian “Shadow Fleet” to Prevent Oil Smuggling
The United Kingdom, in cooperation with a group of European countries, is preparing to launch a large-scale campaign against the Russian “shadow fleet”
OPEC+ Is Confident That the Oil Market Can Absorb Increased Production
OPEC+ is confident in the ability of the global oil market to absorb the increased production expected by some members of the alliance
Massive Oil Discovery at Kuwait’s Al-Naqdouh Field with 3.2 Billion Barrels in Reserves
Kuwait Oil Company announced a massive oil discovery at the offshore Al-Naqdouh field located in Kuwaiti territorial waters
60% of Egypt-Saudi Arabia Electricity Interconnection Project Completed
An Egyptian government official announced that Egypt and Saudi Arabia have completed 60% of the implementation
Algeria Records Highest Electricity Consumption in Its History
Algeria’s Sonelgaz Group achieved a new historical milestone, recording its highest-ever electricity consumption, reaching 18,732 megawatts at 2:45 p.m.
Egypt and UAE to Collaborate on 4 GW Renewable Energy Integration
Egyptian Prime Minister Dr. Mostafa Madbouly announced a close collaboration between Egypt and the United Arab Emirates to integrate 4 gigawatts of wind and solar energy
Oil Prices Rise Due to the Trump Assassination Attempt and Increased Demand
Global oil prices rose, affected by an assassination attempt on former US President and potential candidate Donald Trump
Italy Revives Nuclear Power to Reduce Carbon Emissions
The government of Prime Minister Giorgia Meloni has made a bold move to revive nuclear power in Italy
Addis Aims to Acquire Companies Worth $1.5 Billion
Addis Holding, the leading company providing drilling and production services to the oil and gas sector
European Gas Prices Drop as Supplies Stabilize and Storage Levels Rise
Natural gas prices in Europe experienced a significant decline this week, heading for their most substantial weekly loss
Massive Fire Engulfs Oil Tank in Russia’s Rostov Region
A massive fire erupted in an oil tank located in the Tsimlyansky district of Russia’s southern Rostov region
France Sees Decline in Rooftop Solar Projects
The seventh round of France’s rooftop solar panel installation tender witnessed a sharp decline in developer bids.
$64 Billion in Russian Revenues from Oil and Gas in Six Months
The Russian Ministry of Finance revealed that Russia’s revenues from the sale of energy resources have increased to 5.7 trillion rubles, or about 64 billion dollars
Oil Suffers Slight Losses After 4 Weeks of Gains
Oil prices posted losses after a four-week streak of gains as futures saw a slight decline at the close on Friday
The UAE’s Vertiglob Wins to Supply Europe with Renewable Ammonia
The UAE Company Vertiglob announced that it has won a contract to supply renewable ammonia to the European Union
Botswana Agrees to Export Coal Reserves Through Mozambique
Botswana, Zimbabwe, and Mozambique have signed an agreement in South Africa to move forward with a railway and port project
Iraq Commits to OPEC+ Agreement and Production Quota
The Iraqi Ministry of Oil has reiterated its commitment to the OPEC+ agreement and its planned production plan
Oman Establishes Polysilicon Plant for $1.35 Billion
United Solar Holding Company, a leading Omani renewable energy company, announced its collaboration with several prominent local utility
UAE Launches Electric Vehicle Charging Station Project
The UAE Ministry of Energy and Infrastructure, represented by the Emirates Company for Electric Vehicle Charging Stations
India Wins a Contract to Develop a Solar Energy Project in the Middle East
Larsen & Toubro, the giant Indian development and construction company, said that it achieved an important achievement by winning a huge contract
Kuwait Plans to Produce 15% of Its Electricity from Renewable Sources
Kuwait plans to revolutionize the energy sector by adopting renewable energy sources as part of an ambitious plan aimed at achieving sustainable development.
Eni Digs Two New Wells in the Zohr Field with Investments of $160 Million
The Italian company Eni, the largest foreign investor in the energy sector in Egypt, intends to drill two new wells in the Zohr field in deep Mediterranean waters, with investments estimated at $160 million
Aramco Seeks to Raise $3 Billion from the Sale of Bonds
Saudi Aramco, the Saudi oil giant, intends to issue bonds worth at least $3 billion for the first time in three years.
Europe Replaces Russian Gas with American Gas Through Shell and MET Group
The Swiss company MET Group has concluded a long-term agreement with the American company Shell to purchase liquefied gas as part of its efforts to secure its gas needs away from Russia.
Oil and Gasoline Inventories Decline, Distillates Rise in America
Last week, crude oil and gasoline inventories in the United States saw a decline, while distillate inventories rose.
Decreased Profits and A Decline in the Value of Assets Cause BP’s Shares to Decline
BP shares fell 2.7% after it warned of weak profitability in the oil refining sector and expected a decline in the value of a German refinery.
Sharp Decline in Russia’s Crude Oil Exports
Official data revealed a sharp decline in Russia’s weekly crude exports in the first week of July, reaching their lowest level since February of this year.
Trina Solar Offers Advanced Photovoltaic Solutions
Trina Solar has joined the Scientific and Technological Innovation Board of the Shanghai Stock Exchange.
Dubal Buys a Majority Stake in Biodiesel
Dubal Holding Company, the investment arm of the Dubai government in the commodities, mining, energy, electricity, and industrial sectors
Volkswagen Launches a New Version of Its Electric Cars
The German company Volkswagen has released a long version of its ID. Buzz electric van, which has a driving range of up to 487 kilometers.
Wind Surpasses Coal in Generating Electricity in America
New data issued by the US Energy Information Administration revealed that electricity generation from wind energy in the United States
China Concludes a Billion-Dollar Deal to Establish an Electric Car Factory in Turkey
Electric cars in Turkey attract Chinese investments amounting to about one billion dollars, which enhances the ambitions of the two countries
Chinese Solar Companies Expand Investments in the Middle East
Chinese solar companies are heading to the Middle East in droves, driven by a huge market for renewable energy and long hours of sunshine
Oman Seeks to Attract $49 Billion in Green Hydrogen Investments
The Sultanate of Oman is participating in the “Hydrogen H2A” event in Amsterdam, Netherlands, to showcase its vast potential in green hydrogen production
ExxonMobil: Refining Profits to Fall by $1.5 Billion in the Second Quarter
Oil giant ExxonMobil has forecast a sharp decline in refining operations amid weak margins in the sector.
Experts: Record-Breaking Temperatures Are not Just a Passing Phenomenon
Data from the European Union’s Copernicus Climate Change Service revealed that global average temperatures have now exceeded the key warming
Developing Oil and Gas Fields in the North Sea
Norwegian energy company Equinor announced the start of production from the first wells of the La France field
Eni Announces a Huge Oil Discovery in Mexico
The Italian company Eni has achieved a new milestone in its journey to discover oil and gas in Mexico with the announcement of a huge oil discovery in the Sureste Basin.
Gas Prices Rise Due to the Heat Wave and Hurricane Beryl
The natural gas market in Europe is witnessing a noticeable rise in prices driven by a combination of factors
Lower Shipping Costs Raise Russia’s Oil Revenues
Recent data revealed that the costs of shipping and delivering Russian Urals crude to Asia have decreased significantly
Egypt Turns to Treated Waste to Tackle Electricity Challenges
A new study reveals that utilizing Refuse-Derived Fuel (RDF) from treated waste in the cement industry offers a viable solution to environmental pollution caused by burning waste without gas purification.
Algeria Begins Partial Operation of Largest Power Plant
Algerian energy company Sonelgaz has announced the partial commissioning of the country’s largest power plant
Kuwait Promotes Solar Panels for Environmental Sustainability
Kuwait seeks to promote the use of solar panels as part of its efforts to achieve environmental sustainability.
Launching a 795 MW Energy Storage Plant in China
China recently launched its largest energy storage facility in Shandong Province, which has been put into operation with a capacity of 795 MW.
Bilateral Partnership to Develop Green Hydrogen Infrastructure in Britain
Lloyd’s Register LR has signed a memorandum of understanding with H2 Terminals Limited to study the feasibility of a green hydrogen H2 infrastructure project in the UK.
Korea Telecom Company Crisis for Its Delay in the Electric Battery Race
The South Korean telecom company faces challenges compared to its competitors such as LG and Samsung SDI.
ADNOC Allocates 40% of Ruwais Gas Project to Four International Energy Companies
Abu Dhabi National Oil Company ADNOC intends to allocate 40% of the Ruwais LNG project to four major international energy companies: Shell, Total Energies, BP, and Japan’s Mitsui.
Extreme Weather Conditions Pose a Challenge to the Efficiency of Solar Panels
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France Risks Losing Revenue from Nuclear Exports
French far-right leader Marine Le Pen’s plan to regain control of energy prices threatens to disrupt the interconnected European electricity market
Tropical Storm Beryl Threatens Global Oil Markets
Tropical Storm Beryl is causing concern in global oil markets. The U.S. Coast Guard has issued a warning about the potential closure of Texas ports and has already begun restricting vessel traffic.
Gas Supply Cut to Thousands in Crimea Following Pipeline Fire
A fire broke out in the Crimean Peninsula on Saturday evening following an incident on a gas pipeline near the village of Vinogradnoye.
Electricity Prices Stabilize in France Following Resolution of Technical Issues
The CEO of Électricité de France (EDF), Luc Rémont, has confirmed the stabilization of electricity price forecasts in France over the medium term.
First Green Hydrogen-Powered Vehicle Launches in France
Lidl, in collaboration with Jacky Perrenot and Lhyfe, announced the launch of the first green hydrogen-powered vehicle in the French retail sector.
Lotus Launches Its 450-Kilowatt EMEA Electric Car
Lotus launched its new electric car, Emeya, at a starting price of 106,400 euros, which puts it in direct competition with the German Porsche Taycan and the American Lucid Air.
Gulf Countries Will Shift Toward Renewable Energy
Countries in the region, especially the Gulf, depend heavily on fossil fuels, especially oil and gas, which constitute more than 90% of the total installed capacity.
Study: Traditional Cars on 100% Non-Fossil Fuel Is Possible
A recent study conducted by researchers from the German Technical University of Darmstadt and funded by the German General Automobile Club
Qatar Energy Supplies Naphtha to Japan’s INEOS for 10 Years
Qatar Energy stated that it had signed a 10-year long-term agreement with Japan’s INEOS Corporation to supply up to 9 million tons of naphtha for 10 years, starting next July
The Electricity Cut in Ukraine Is Extended for Additional Two Hours
Ukraine’s electricity grid operator decided to extend previously planned power outages after a barrage of Russian missiles and drones targeted Ukrainian vital energy facilities
China: Photovoltaic Power Generation Increased 30-Fold in 10 Years
China revealed an increase in total primary energy production over 10 years, specifically between 2013 and 2023, by about 35%
America Reviews Licenses for Injection Wells for Their Health and Environmental Impact
Environmental groups in the US state of Texas have made repeated calls about the potential risks of injection wells to human health and the surrounding environment
47.4% Increase inNigeria’s Electricity Exports During 2024 First Quarter
Nigeria’s electricity exports during the first quarter of the current year 2024 increased by 47.4% quarterly, reaching 58.65 billion naira, equivalent to $39 million
Nuclear Energy Projects in Poland Await Fateful Decisions
A state of uncertainty surrounds the project to build a second nuclear power station in Poland, which increases the difficulties facing the government’s efforts
Slight Rise in Oil Prices as Demand Increases and Inventories Decrease
Oil prices rose slightly on Sunday with a noticeable improvement in demand and a decrease in inventories.
Morocco Advances in 2024 Energy Transition Index
Morocco has climbed to 65th place globally in the 2024 Energy Transition Index, published by the World Economic Forum
“Fisker” Provokes Controversy Over Suspicious Deal with Creditors Before Bankruptcy Filing
Fisker, the prominent electric vehicle manufacturer, finds itself embroiled in controversy following a dubious agreement struck with one of its key creditors, Heights
Carlyle Expands into Strategic Gas Assets in the Mediterranean
Carlyle International Energy Partners has successfully acquired a portfolio of highly promising exploration and production assets in Italy, Egypt, and Croatia
China Criticizes Europe’s Tariffs on Electric Cars: A Conflict with Market Principles
China’s National Development and Reform Commission Chairman Zheng Shan Jie has criticized the European Union’s plan to impose additional tariffs
India Sets Record in Russian Oil Purchases Amid Global Shifts
India has achieved a new milestone in its acquisition of Russian oil, with imports soaring to an unprecedented 2.1 million barrels per day in May
Three Russian Oil Tankers Stranded in the Baltic Sea Due to British Sanctions
Three Russian oil tankers remain stranded in the Baltic Sea due to recent British sanctions targeting the Russian "shadow" fleet
Five Regions in Oman Hold Promising Investments in Green Hydrogen
A research study conducted by Sultan Qaboos University has revealed significant potential for green hydrogen development in northwestern Oman
Tunisia Unveils Plans to Tackle Electricity Shortage Crisis
The Tunisian Electricity and Gas Company (STEG), the state-owned electricity and gas company
Zimbabwe is embarking on a transformative initiative to install floating solar panels on Lake Kariba
Resurgence of Oil Production in Brazil Raises Concerns for OPEC and Investors
Brazil’s oil production has rebounded sharply after a 25% decline earlier this year due to maintenance activities
Agreements to Promote Energy Projects Between South Korea and Kazakhstan
South Korea and Kazakhstan today signed an important memorandum of understanding to enhance cooperation in the field of minerals
OpenAI Revenue Jumps to $3.4 Billion
OpenAI, a company specializing in artificial intelligence, has achieved a tremendous achievement by registering tremendous growth in its annual revenues.
Polestar Launches a New Luxury Electric Car
Polestar, the Swedish company specializing in manufacturing electric cars, has unveiled its new car, the Polestar 3, which is a luxury electric SUV with a driving range of more than 600 kilometers.
Additional Customs Duties on Tesla Cars Made in China
Tesla faces special customs duties on its electric cars made in China and imported to Europe after the European Union decided to impose higher customs duties on Chinese electric cars of up to 38%.
Europe Imposes New Taxes on Chinese Electric Cars
The European Commission today imposed new tariffs on electric vehicles imported from China, ranging between 17.4% and 38.1%, varying depending on the manufacturer and the level of suspected subsidy.
Doornhoek Solar Project Supplies South Africa with 120 Megawatts
AMEA Power, a leading renewable energy developer in the Middle East, has announced the financial closing of the 120 MW Doornhoek solar PV project in South Africa.
660 Million People Will Be Deprived of Electricity by 2030
A joint report by the International Energy Agency and the United Nations revealed a significant decline in access to electricity globally
A Sudden Rise in US Oil and Gasoline Inventories
Inventories of crude oil, gasoline, and distillates in the United States experienced a sudden rise during the week ending on June 7th.
Oil Prices Fall Under the Pressure of Interest Rates and Inventories
Oil prices fell on Thursday morning as investors absorbed the decision of the US central bank (the Federal Reserve) to postpone cutting interest rates
“America” Adjusts Its Forecast for the Growth of Global Oil Demand in 2024
Forecasts for global oil demand growth in 2024 and 2025 present a stark contrast between the US Energy Information Administration (EIA) and OPEC, along with its OPEC+ alliance.
“Europe” Finds Its Way into Azerbaijan’s Gas as an Alternative to Russian
European countries are seeking alternative solutions to secure their natural gas supply as the expiration date of the gas transit agreement through Ukraine approaches at the end of this year.
Russian Oil Exports from the “Sakhalin II” Project Are in Crisis
Tanker operations from the Russian "Sakhalin II" project are facing a crisis, with two of its three tankers out of service since last April
Significant Growth of Technology Jobs in the Energy Sector
A report issued by the International Energy Agency revealed that the energy sector has witnessed remarkable growth in technology-related jobs globally
Indian Company Invests 83.5 Billion Rupees in Wind in Sri Lanka
Adani Green Energy, a leading Indian renewable energy company, has revealed that it has invested more than $1 billion (RS 83.5 billion) in wind energy projects in Sri Lanka.
“Infinity Power” Stops Charging Electric Cars in “Egypt”
Infinity Power, a provider of electric vehicle charging solutions in Egypt, announced that it will stop using the CHAdeMO charging protocol on all of its fast chargers starting June 30, 2024.
Jordan Provides the Homes of Poor Families with Solar Energy Systems
The Jordanian Ministry of Energy and Mineral Resources issued two tenders to provide the homes of poor families benefiting from the National Aid Fund with solar energy systems.
OIL FLOWS THROUGH THE CAPE OF GOOD HOPE INCREASED BY 50%
Oil flows through the Cape of Good Hope surged by 50% during the first five months of 2024, compared to the average for 2023.
OPEC: Anticipated Recovery of Oil Demand in the Second Half of 2024
The Organization of Petroleum Exporting Countries (OPEC) has maintained its forecast for global oil demand growth at 2.2 million barrels per day for 2024
Modernization of the “Ruwais” Refinery Enhances Oil Security in the Emirates
The UAE is striving to bolster its oil security by diversifying its crude sources, following the modernization of its Ruwais refinery, which now has the capability to process a broader range of oil types.
A Breakthrough in Solar Panel Recycling: Chinese Technology Revolutionizes Waste Management
The solar panel recycling sector is experiencing a remarkable surge, all thanks to a groundbreaking innovation poised to address the mounting challenge of solar waste.
India Procures Half a Million Tons of Green Ammonia
In a significant move to bolster the demand for green hydrogen and its derivatives, the Indian government has initiated a tender for the acquisition of hydrogen-based green ammonia.
The UAE’s Taqa Withdraws from the Naturgy Deal in a Startling Turn of Events
Abu Dhabi National Energy Company (Taqa) has issued an unexpected apology for its involvement in the bid to acquire shares in the Spanish gas and electricity giant, Naturgy.
US Oil Production Forecasted to Decrease by One Million Barrels per Day by 2025
The financial firm "Vaughan Nelson" has unveiled a concerning projection: US oil production could see a decline of one million barrels per day by the latter half of 2025
“Iran” Converts Wastewater into Energy and Industrial Materials
The sewage company of Iran has announced the start of production of diesel and carbon black from sludge,
The Return of Aviation Refreshes Oil and Increases Concerns About Carbon Emissions
The "International Air Transport Association (IATA) expects the number of passengers to record a record level this year with the use of record amounts of fuel and the filling of aircraft with passengers,
7.125 Billion Riyals Increase in the Capital of “ACWA Power”
The Saudi company "ACWA Power", listed on the Saudi stock market (Tadawul), intends to increase its capital by 7.125 billion Saudi riyals (1.9 billion US dollars)
UK Accounts for 14% of Energy Production During 2022
Data from the US Energy Information Administration revealed that the United Kingdom played an important role in the field of energy
A Jump in Oil Prices in the Third Quarter Driven by Increased Demand
Goldman Sachs expects oil prices to rise during the third quarter of this year, driven by increased demand during the summer season.
Gas Prices Rise Due to the Heat Wave and Decline in Production
Natural gas prices reached their highest level since last January, exceeding $3 per thousand cubic feet, driven by the summer heat wave and a decline in production in June.
America Tightening the Economic Noose on the Houthis
The United States has imposed sanctions on a Houthi financing network of 10 individuals, ships, and companies in an attempt to cut off their access to their primary sources of funding.
China to Reach Its Green Hydrogen Ambition by the End of 2024
Norwegian energy research company Rystad Energy has raised its forecast for China’s hydrogen electrolysis capacity by the end of 2024
Oil Recovers After a 2.5% Drop Last Week
Oil prices stabilized on Monday after falling last week, while investors prepared for a set of important data and critical decisions.
New Zealand: The Ban on Oil and Gas Exploration Will Be Lifted This Year
The New Zealand government is moving ahead with plans to lift a ban on offshore oil and gas exploration,
Imminent Breakthrough in the Kurdistan Oil Export Crisis
Official Iraqi media sources revealed progress in negotiations between the Iraqi federal government and the Kurdistan Regional Government on the oil export file.
Iraq Opens Gas Processing Project to Enhance Power Generation
Iraq has inaugurated the associated gas processing project in the Halfaya Field in Maysan Governorate, marking the culmination of tireless government efforts over the years.
Foreign Investors Purchase Over Half of Aramco Shares
Saudi Arabia has allocated more than half of the $11.2 billion share sale in Aramco (2222.SE) to foreign investors.
Solar Power in the Middle East to Grow to 16 GW by the End of 2024
Forecasts indicate significant growth in the field of solar energy in the Middle East in the coming years.
America Intends to Impose Duties on Asian Solar Panels
The United States intends to impose tariffs on solar panels and solar cells imported from Cambodia, Malaysia, Thailand, and Vietnam;
Study: Floating Solar Panels Meet the Electricity Needs of Some Countries
A new study published in the journal Nature Water finds that floating solar panels could supply the entire electricity needs of some countries.
Comprehensive Carbon Footprint Management System in China by 2027
China has announced an ambitious plan to establish a comprehensive carbon footprint management system by 2027, as it seeks to achieve its ambitious climate goals.
China: Producing 200,000 Tons of Hydrogen Annually by 2025
China is striving to make hydrogen a key component of its low-carbon energy transition strategy.
US Crude Oil Inventories Rise to 455.9 Million Barrels
Recent data from the US Energy Information Administration showed a surprise rise in the country's crude oil inventories last week
Russian Oil Revenues Jumped 50% Last May
The contribution of Russian oil revenues to the government budget rose by 50% in May 2024 compared to 2023
“America” Buys ThreeMillion Barrels of Oil to Strengthen the Strategic Reserve
The US Department of Energy announced the purchase of 3 million barrels of crude oil to strengthen the country’s Strategic Petroleum Reserve
The “Shadow Fleet” Poses a Challenge to the Fairness of the International Oil Trade
Illegal tankers transporting oil from countries under Western sanctions, such as Iran, Venezuela, and Russia
The World Is Able to Double Its Renewable Energy Three Times By 2030
The International Energy Agency (IEA) has indicated that achieving the goal of tripling renewable energy by 2030 is within reach
“Électricité de France” Doubles Its Investment in Morocco to 30 Billion Dirhams
"Électricité de France" (EDF) has decided to double its investments in Morocco, bringing the total to 30 billion Moroccan dirhams, equivalent to 3 billion dollars.
The Growth of Artificial Intelligence Increases the Demand for Renewable Energy
A report published by the Oil Price website, which specializes in energy affairs, revealed that the growth of artificial intelligence will lead to an increase in demand for renewable energy globally.
“Deugro”: Expanding the wind energy division in “Europe”
Heavy freight company deugro has announced plans to expand its renewable wind energy division in Europe; In response to the rapid growth in this sector across the continent.
Laying the Foundation Stone for three Solar and Wind Energy Projects in Azerbaijan
Abu Dhabi Future Energy Company “Masdar” and the National Oil Company of Azerbaijan “SOCAR” have laid the foundation stone for the development of three solar and wind energy projects in the Republic of Azerbaijan.
Southeast Asian Countries Are Accelerating Their Transition TowardRenewable Energy
Southeast Asian countries are seeking to accelerate their steps towardrenewable energy and combating climate change.
Dr. Sultan Al Jaber, UAE Minister of Industry and Advanced Technology and Chair of COP28, emphasized the importance of collaboration between artificial intelligence (AI)
The USA opposes reprimanding Iran over its nuclear file
The United States announced its opposition to a draft resolution at the International Atomic Energy Agency condemning Iran.
A New Agreement Between Turkey and Azerbaijan to Extend the Supply of Natural Gas
Turkey and Azerbaijan signed a new agreement to extend the exchange and supply of natural gas resources until the end of 2030
14% of Russia's oil refining capacity was disrupted
A fire broke out at an oil refinery owned by the major Russian oil company Lukoil near the city of Ukhta in the Komi Republic, a region located in northwestern Russia.
Gas pipeline deal between Russia and China falters
Natural gas pipeline deal between Russia and China stalled; As a result of Moscow considering Beijing's demands regarding price and supply levels unreasonable.
Aramco offers 1.545 billion shares for subscription to raise $13.1 billion
Aramco offered approximately 1.545 billion shares, equivalent to 0.64%, of its shares for subscription at a price ranging between 26.7 riyals and 29 riyals per share, with a total of slightly less than $12 billion.
“IATA”: A qualitative leap in sustainable aviation fuel during 2024
The International Air Transport Association (IATA) expects a qualitative leap in the field of sustainable aviation fuel during the year 2024. Its production will increase threefold, reaching 1.9 billion liters (1.5 million tons).
“Algeria” seeks to increase its gas exports to European countries to 100 billion cubic meters
Algeria is seeking to strengthen its position on the global energy map as a rising player in the natural gas market, driven by huge discoveries of its reserves on its territory, and the increasing demand for this clean fuel in Europe.
180 trillion cubic feet of natural gas reserves in Mozambique
Massive discoveries of natural gas reserves off its northern coast have pushed Mozambique to the top of the global energy map as a potential major player.
Drilling rig prices in the Middle East decrease by 20%
Rig prices in the Middle East have fallen by 20% since the end of 2023; Reaching its lowest levels in the past seven years.
“OPEC+” extends oil production cuts to ensure market stability
OPEC and its allies, known as OPEC+, issued a series of strategic decisions during their recent meeting in Vienna; It decided to extend the mandatory production cuts amounting to 3.66 million barrels per day
Adoption of the Dubai Green Mobility Strategy 2030
The Dubai Supreme Council of Energy (DSCE) discussed the Dubai Green Mobility Strategy 2030, which aims to spread the concept of green and sustainable transportation in Dubai and support the emirate’s strategic goals.
Increase investments in gas projects by 50% by 2029
New forecasts from Goldman Sachs indicate that global LNG supplies are on track to rise by 80% by 2030.
Gains and losses for oil after OPEC+’s decision to increase production
Oil prices fluctuated between gains and losses after the OPEC+ alliance decided to increase the production of some of its members starting in October.
Australia is expanding the use of solar and wind energy
The Australian government intends to make an ambitious shift towards renewable energy, including closing coal mines and expanding the use of solar and wind energy.
“Russia” causes severe damage to Ukrainian power plants following a new attack on “Ukraine”
Russia launched one of the largest missile and drone attacks in more than 3 weeks against vital infrastructure in Ukraine, as a result of which Ukraine's air defenses shot down two-thirds of the missiles.
“OPEC+” discusses production policy today in the presence of some ministers in “Riyadh”
Today, Sunday, June 2, 2024, an OPEC+ alliance meeting will be held with the aim of discussing oil production policy.
Morocco is preparing to launch a tender in the summer months with the aim of building a floating liquefied natural gas terminal in the western Mediterranean port of Nador in the northeast of the country.
Trial operation has begun for expansions to increase the refining capacity of the Nasr Petroleum Refinery in Suez. The ceremony was inaugurated by the Minister of Petroleum and Mineral Resources of the Arab Republic of Egypt, Tarek El Molla
Within the framework of its keenness to build bridges of communication and cooperation with regional and international organizations, a delegation from the Saif Bin Hilal Center for Studies and Research in Energy Sciences visited the headquarters of the General Secretariat of the League of Arab States.
OPEC+ may extend the deadline for oil production cuts until 2025
A number of OPEC+ ministers arrived in the Saudi capital, Riyadh. To participate in the coalition meeting scheduled for Sunday, although it will be held online.
“Egypt”: Start receiving applications for electricity production projects for a period of 3 months
The Egyptian government has taken an important step towards enhancing reliance on renewable energy sources, by opening applications for the private sector to participate in huge projects to produce electricity from renewable energy sources.
“Saudi Arabia” supports “Tunisia” in producing green hydrogen
ACWA Power, the leading Saudi company in the field of renewable energy, signed a memorandum of understanding with the Tunisian government to develop a huge project to produce green hydrogen.
Oil anticipates the OPEC+ meeting with a decline in its prices
Oil prices fell to end the week slightly lower, as investors awaited the upcoming OPEC+ meeting on Sunday.
“Saudi Arabia”: Developing huge projects to produce green hydrogen
Great strides have been made by the Kingdom of Saudi Arabia towards achieving its ambitious goal to become a global producer and consumer of green hydrogen, through its focus on developing huge projects to produce this clean fuel.
“India”: Increasing the share of renewable energy in electricity generation
India is making great efforts to meet the increasing demand for electricity, especially during peak periods.
Aramco signs contracts worth $12 billion to supply pipelines
Saudi Aramco, the national oil giant, has concluded huge contracts worth more than 3.1 billion Saudi riyals with Group Five Pipe and Al Sharq Integrated Pipe for Industry to supply steel pipes for its projects.
“Sultanate of Oman”: Producing one million tons of hydrogen annually by 2030
OQ Oman, through its Alternative Energy Division, announced the signing of an agreement with a group of major international companies. With the aim of conducting a joint study of a sustainable fuel supply project.
PVH supplies solar energy projects in Jordan and Kuwait with 100 megawatts
PVH Middle East announced a strategic cooperation with Green Sources Investment (GSI) and Alternative Energy Projects (AEPCo).
A strategic partnership to rationalize energy consumption and enhance sustainability in Abu Dhabi
The Abu Dhabi Chamber of Commerce and Industry concluded a strategic partnership agreement with Abu Dhabi Energy Services. This partnership aims to consolidate cooperation between the two sides in the areas of improving energy efficiency and rationalizing water and electricity consumption.
Establishing a corridor between Germany, Italy, and Austria to import green hydrogen
Germany has signed a declaration of intent with Italy and Austria to develop a green hydrogen import corridor, aiming to provide a sustainable supply of green hydrogen to the southern states of Germany.
“Abu Dhabi Development” invests $9.6 billion in 42 African countries
Data issued by the Abu Dhabi Fund for Development revealed that over the past four decades, it has invested 35.3 billion dirhams - equivalent to $9.6 billion - in sustainable development projects in 42 African countries.
“China”: We are committed to supporting the security of oil, gas and renewable energy supplies
China has emphasized strengthening its energy cooperation with Arab countries, as part of its efforts to secure its growing energy needs and expand its influence in the Middle East.
ConocoPhillips acquires Marathon Oil for $17 billion
The American company ConocoPhillips announced its acquisition of the American company Marathon Oil in an all-stock deal worth $17 billion.
“China” threatens “OPEC+” plans by raising oil prices
The OPEC+ alliance's plans to raise oil prices by reducing production are facing new challenges with the slowdown in demand in China, which is the largest importer of crude oil in the world.
“Austria” is threatened with cutting off Russian gas supplies due to a legal battle
The Austrian energy company OMV warned of the possibility of cutting off Russian gas supplies to it. Which could lead to a significant rise in gas prices in Europe.
“Morocco” secures its gas needs away from “Algeria”
Morocco's import of natural gas represents 90% of its total consumption, while domestic production provides only 110 million cubic meters out of one billion cubic meters annually.
“Iraq” anticipates the “OPEC+” meeting by refusing to reduce oil production
Iraqi oil exports witnessed a slight decline during last April. It reached 3.412 million barrels per day, compared to 3.423 million barrels per day in March 2024.
Oil prices fall amid recession fears and rising interest rates
Oil prices fell during Thursday's trading, continuing the downward trend that began in the previous sessions.
“Algeria” raises the ceiling of gas production to 200 billion cubic meters
The Algerian Minister of Energy, Mohamed Arkab, announced ambitious plans to raise the country's natural gas production to 200 billion cubic meters in the medium term.
ETRI: Radical transformations in the oil and gas industry
A report issued by the Economics and Technology Research Institute (ETRI) of the China National Petroleum Corporation revealed radical transformations in the oil and gas industry.
Chinese electric cars are sweeping the Middle East markets
New energy vehicles, especially Chinese ones, are dominating the region's markets at an accelerating pace, and this transformation is due to noticeable changes in the culture of car consumption, increasing environmental awareness, and aggressive government support for clean energy.
Solar energy will contribute 70% of electricity generation by 2050
Solar energy projects in the Middle East are witnessing rapid growth rates, especially in the Gulf countries.
Kuwait opened Al-Zour Refinery, one of the largest refineries in the world, and it will contribute to strengthening its position as a regional center for oil refining and exporting high-quality petroleum products.
“Skikda” refinery is preparing to resume full operation after maintenance
The Algerian Skikda refinery is preparing for full restart after undergoing a programmed periodic maintenance process that lasted several days.
The first gas-powered hybrid marine tug enters service in “Singapore”
The first hybrid marine tug powered by liquefied gas has been in service at the Port of Singapore since mid-May.
“Egypt” receives the solar station at the aluminum complex in June 2026
The Norwegian company SCATEC continues its work on the solar power plant in Egypt, which has a gigawatt capacity to produce electricity.
“ADNOC”: Increasing gas stations to 1,000 and launching 500 electric chargers
ADNOC Distribution Company, the leader in fuel distribution and diversified services in the United Arab Emirates, unveiled its ambitious strategic plan for expansion and growth over the next five years.
Oil prices rise as production continues to decline and demand increases
Oil prices jumped in early Wednesday trading, driven by strong expectations indicating the OPEC+ alliance will continue production cuts, in addition to increasing demand for fuel with the start of the peak consumption season in the summer.
European Union: Egypt qualifies to be a global energy center
Christine Berger, Head of the European Union Delegation to Egypt, said that Egypt plays an important and supportive role in ensuring the provision of clean green energy to Europe.
Chevron redraws the map of the oil industry with its acquisition of Hess
The shareholders of the American oil exploration company Hess approved its acquisition by the giant Chevron Company in a huge deal worth $53 billion, in a historic step that redraws the map of the global oil industry.
“Norway” plans to increase its investments in oil and gas by 15%
Companies operating on the continental shelf in Norway plan to increase their investments in oil and gas by 15% in 2024; Bringing spending to 24 billion US dollars.
“Putin”: Russian gas supplies will reach 11 billion cubic meters
Russian President Vladimir Putin visited Uzbekistan; Where he met his Uzbekistani counterpart, Shavkat Mirziyoyev, and announced Russian supplies of Russian gas to Uzbekistan.
“Tunisia”: Producing 200 thousand tons of green hydrogen annually
The Tunisian government is preparing to establish a huge project to produce 200,000 tons of green hydrogen annually, using renewable energy from wind and solar farms.
Aramco is supervising the development of the largest onshore oil field in the world
Saudi Aramco, the global oil giant, announced its supervision of the development of the Safaniya field, the largest onshore oil field in the world in terms of recoverable reserves and production capacity.
Toyota launches new engines powered by hydrogen
Toyota Motor Company unveiled prototypes of new internal combustion engines powered by hydrogen, as part of its efforts to develop alternative technologies aimed at reducing carbon emissions.
“Egypt”: Making room for the private sector to develop renewable energy
The Egyptian government revealed governmental plans to exit renewable energy projects and not implement new projects in this field, with a focus on making room for the private sector.
“Iraq”: Accelerating the production and export of oil from “Kurdistan”
The Iraqi Ministry of Oil called for an urgent meeting with its counterpart in the Kurdistan region, along with international companies working in the field of oil and gas. This is with the aim of reaching an agreement on accelerating production processes
“Egypt” opens a wind station in the Gulf of Suez with a capacity of 252 megawatts
Dr. Mohamed Shaker, Minister of Electricity and Renewable Energy, on behalf of the Prime Minister, inaugurated the Gulf of Suez wind power plant project with a capacity of 252 megawatts.
Developing a project to produce green methanol in “Egypt”
Abu Dhabi Ports Group (ADX: ADPORTS) signed a memorandum of understanding with Transmar, the leader in container shipping and terminal operation in the Middle East and North Africa region.
“Morocco”: 60 billion dirhams in renewable energy investments
The Minister of Energy Transition and Sustainable Development in Morocco, Leila Benali, said that investments in renewable energies in her country have reached 60 billion dirhams, stressing that these investments represent a qualitative leap in the energy sector.
Trina Solar strengthens its presence in the Middle East and Africa
Trina Solar has signed three transformative distribution partnerships; This represents a significant expansion of its reach across the Middle East and Africa region, and will enhance its presence and cooperation with local companies.
An ambitious project to export clean energy from “Tunisia” and “Algeria” to “Europe”
The Italian government announced its support for the ambitious project, which aims to increase Europe's imports of low-cost clean energy that will be produced in North Africa.
“Scotland”: We are able to meet Germany’s needs for green hydrogen
Scotland has the potential to meet all of Germany's green hydrogen needs by 2045, a report shows; This cooperation is expected to play an important role in achieving the climate goals of both countries
Oil suffers weekly losses amid abundant supplies
Oil prices are close to their lowest levels in three months; Traders are evaluating the impact of lower geopolitical risks and indicators on the availability of supplies before the OPEC+ meeting scheduled for next month.
“Colombia”: intensifying oil exploration to reach one million barrels per day
Colombia's Minister of Mines and Energy, Andres Camacho, said that his country is seeking to achieve the goal of reaching one million barrels of oil production per day, by increasing pressure on exploration companies to intensify activity.
“Egypt”: Plans to generate electricity from water are progressing well
The Hydropower Stations Company in Egypt owns 6 hydroelectric generating stations, distributed in the governorates of Luxor, Qena, Assiut, and Aswan, with a total generating capacity of 2,832 megawatts.
“Mazen” leads the renewable energy revolution in “Morocco”
The Moroccan Agency for Sustainable Energy (MASEN) is making great strides towards achieving its ambitious goals in the field of renewable energy.
Ara Petroleum obtains the right to develop the largest gas project in Tanzania
Ara Petroleum, part of Oman's prestigious Zubair Group, has announced that its joint venture in Tanzania has received a 25-year development license from the Tanzanian Ministry of Energy.
International praise for Qatar’s efforts in solar energy projects and reducing emissions
The State of Qatar is coordinating its political efforts with the United Nations Sustainable Development Goals and the Paris Climate Agreement by investing in solar energy projects, water conservation, and green infrastructure.
Icelandic President: COP28 goals on sustainable energy are implementable
Former Icelandic President Olafur Ragnar Grímsson said that COP28 succeeded in introducing a new model for international cooperation to combat climate change.
“Total Energies”: Reducing oil production threatens a global energy crisis
Total Energies CEO Patrick Pouyanné warned of the dangers of moving towards a rapid reduction in oil production, stressing that this could lead to a global energy crisis.
Debts plunge PEMEX's oil production to its lowest level
Mexican state oil company Pemex faces a severe production crisis; Its crude oil production fell in April to its lowest level in 45 years; Which portends major economic challenges for the country.
“Masdar” signs agreements with Indonesian partners to develop energy projects
Abu Dhabi Future Energy Company “Masdar” has signed a series of strategic agreements with prestigious Indonesian partners to develop huge renewable energy projects in Indonesia.
“Iraq” refineries strengthen their position as a major player in the Middle East
The northern refineries affiliated with the Iraqi Ministry of Oil are witnessing a massive refining revolution that strengthens their position as a major player in the field of refining in the Middle East.
Selling an additional stake in ADNOC Drilling for $935 million
Abu Dhabi National Oil Company (ADNOC) announced the completion of the sale of an additional stake worth $935 million in ADNOC Drilling Company, its drilling unit listed on the Abu Dhabi Stock Exchange.
“Egypt”: Allocating 6 million meters of land for electricity production projects
The Egyptian Renewable Energy Authority announced the allocation of about 6 million square meters of land to 7 leading international companies and alliances. To establish huge projects to produce electricity from solar and wind energy.
“Orcadian Energy” concludes an agreement to develop North Sea fields
Orcadian Energy, a British developer of oil and gas assets, has entered into an internal partnership agreement with an undisclosed partner to develop its North Sea Farm-in Deal licence.
An unexpected rise in US oil inventories
US weekly oil inventories data showed an unexpected rise in all major categories; As expectations indicated a decrease in inventories.
“Russia”: We exceeded “OPEC+” quotas in April for technical reasons
The Russian Ministry of Energy announced that its country exceeded its production quotas stipulated in the OPEC+ agreements for the month of April, explaining that this exceedance resulted from “technical reasons” related to reducing production by a large amount.
Eni seeks to sell a stake in Eni Life for 10 billion euros
The Italian energy company Eni is preparing to sell a 20% stake in the Eni Life biorefining unit. With the aim of raising money to finance its plans to transition to gas and renewable energy.
7 international and local offers to acquire the Egyptian “Wataniya”.
The Egyptian Minister of Planning, Hala Al-Saeed, announced that the government had received seven offers to acquire the shares of the National Company for the Sale and Distribution of Petroleum Products, “Wataniya.” Which heralds the imminent revelation of the winner of the awaited deal.
ADNOC acquires 10% of a liquefied gas project in Mozambique
The UAE company ADNOC announced the acquisition of a 10% stake from Ghalib Company in the Zone 4 concession in the Rovuma Basin in Mozambique. This represents its first investment in this country, and the value of the deal was not disclosed.
“Congo” discovers an offshore oil field, the first in 30 years
The State of Congo has succeeded in making an offshore oil discovery as an exciting development for the energy sector, the first of its kind in more than thirty years. This enhances its potential and highlights its promising reserves in the global oil market.
“Niger” launches its first shipment of oil exports after settling the dispute with “Benin”
Niger finally launches its oil exports, after settling a border dispute with Benin; This is an important step for the West African country.
“America” puts gasoline reserves amounting to one million barrels for sale
The administration of US President Joe Biden has put its gasoline reserves of one million barrels for sale on the market, especially after Congress ordered it to liquidate the stock.
Oil prices fall as US crude inventories rise
Today, Wednesday, oil prices witnessed a new decline; The rise in US crude inventories reinforced concerns about weak demand.
“SunGro” supplies “Amala” with solar inverters and energy storage systems
SunGrow, a global leader in solar energy solutions, has been awarded a partnership contract to supply solar inverters and energy storage systems to the mega Amala project in western Saudi Arabia.
Enara Renewable Energy intends to offer its shares on the Egyptian and Gulf stock exchanges
The Egyptian Enara Group, the company working in the field of renewable energy, revealed its plans to offer its shares for public subscription and dual listing on the Egyptian Stock Exchange and one of the Gulf stock exchanges during the next year.
The launch of the “Middle East Oil and Gas” conference in the “Emirates”
The 31st session of the “Middle East Oil and Gas Conference” was launched, which is held under the patronage of His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Supreme Council of Energy in Dubai, and hosted by the ENOC Group.
“America” and “Saudi Arabia” are on the cusp of a nuclear energy agreement
A high-ranking American official revealed significant progress in reaching a bilateral defense agreement between the United States and Saudi Arabia, which includes two main parts: security and civilian nuclear energy.
Purchasing energy for “Al-Ghat” and “Waad Al-Shamal” to produce 1,100 megawatts of electricity
The Saudi Ministry of Energy announced a new historic achievement in the field of renewable energy, represented by the signing of two power purchase agreements for the “Al-Ghat” and “Wad Al-Shamal” projects to produce electricity from wind energy with a total capacity of 1,100 megawatts.
A historic agreement between “Japan” and “Saudi Arabia” to cooperate in clean energy
Saudi Arabia and Japan signed a bilateral agreement to build supply chains for hydrogen and ammonia, two promising clean energy sources.
The European Union seeks to reform the gas and hydrogen market
The European Union announced a comprehensive legislative framework aimed at reforming the natural gas market and developing the hydrogen and renewable energy market.
“Morocco” reduces dependence on Spanish gas and moves toward energy self-sufficiency
The Moroccan government announced a comprehensive gas infrastructure roadmap, aiming to significantly reduce dependence on Spanish gas.
“India” negotiates Russian oil supplies at reduced prices
The Indian government is seeking a first-of-its-kind cooperation between state-run refineries and the private refining company Reliance Industries. Long-term supply agreements are being negotiated with Russia.
“Britain”: Building a giant nuclear station in northern Wales
The British government has announced plans to build a huge new nuclear station in North Wales, as part of its efforts to promote renewable energy sources and reduce carbon emissions.
An uncertain future for oil in Iran after the death of the Iranian president
The news of the death of Iranian President Ebrahim Raisi in a helicopter crash left questions about the future of the oil sector, which witnessed remarkable growth during his short rule.
Actis invests $3 billion in renewable energy in Africa
Dr. Sherif El-Khouly, partner and regional head of North Africa and the Middle East for the British private equity firm Actis, said that the company’s investments in the African continent have exceeded $3 billion.
“Abu Dhabi” hosts an electric vehicle conference to discuss the future of sustainable transportation
The Emirati capital, Abu Dhabi, will host the activities of the third session of the Electric Vehicles Exhibition and Conference (EVIS 2024), in the presence of high-level representatives of governments and the private sector.
The Sultanate of Oman plans to spend $49 billion on renewable energy projects
The Sultanate of Oman is making great efforts to become a leading global center in the production and export of clean hydrogen, as part of its national strategy to shift towards renewable and sustainable energy sources.
The heat wave raises gas prices in Asia to their highest levels
LNG prices in Asia have reached their highest levels since late December, driven by a combination of factors that are stoking demand and tightening supplies.
US sanctions paralyze the movement of Russian oil tankers
US sanctions on Russian oil tankers have disrupted Moscow's exports; It paralyzed dozens of ships in the water. This poses a major challenge to the Russian energy supply chain.
Russia reduces its oil production and increases its gas exports
Russia reduced its oil production in the first five months of this year by 1.8%; Production reached 195.7 tons. This reduction came within the framework of compliance with OPEC+ agreements
Pollution control laws are an obstacle to gas projects in America
American liquefied gas projects face challenges due to new laws aimed at improving air quality and reducing pollution.
“Kenya” uses “Aramco” to enhance its supplies of liquefied gas
Kenya is seeking to enhance its supply of liquefied petroleum gas, through talks with Saudi Aramco to obtain a floating facility. With the aim of reducing fuel prices in the East African country.
Germany turns to green hydrogen to reduce steel industry pollution
Technicians in Germany are developing a machine that could play a vital role in reducing greenhouse gas emissions, with a huge steel complex in the city of Duisburg, in the heart of Germany. It is one of the largest sources of pollution in Europe.
“Mubadala”: We completed our first renewable energy projects in “Japan”
Mubadala Investment Company, the sovereign investment company in Abu Dhabi, has completed an investment project in Japan through BAG’s renewable energy platform PAG REN I in the Asia-Pacific region.
48% increase in Nayara Energy sales during the first quarter of 2024
Nayara Energy, a leading fuel retailer in India, recorded a notable 48% jump in petrol sales during the first quarter of 2024, while exports witnessed a notable decline.
Oil prices continue to rise due to tensions in the region
Oil prices rose at the beginning of this week, driven by a mix of geopolitical and economic factors. The helicopter crash of Iranian President Ebrahim Raisi on Sunday raised concerns about the stability of the region
$200 million to promote new energy projects in “Saudi Arabia”
The Arab Energy Fund (TAEF) and the Saudi Industrial Investment Company (Dussur) signed a memorandum of understanding; With the aim of accelerating and facilitating financing opportunities for new energy projects in the Kingdom of Saudi Arabia
Director General of the International Atomic Energy Agency, Rafael Grossi, confirmed the agency's ability to uncover the identity of the party responsible for the attacks launched on the Zaporozhye station, although there is difficulty in verifying their source.
The energy crisis threatens the real estate market in Europe
European banks face a deepening crisis in their residential mortgage portfolios; Increasing energy efficiency requirements threaten real estate values and the economy as a whole.
“Libya”: Operating a new pipeline that transports 10,000 barrels of oil per day
The Libyan National Oil Corporation announced the start of operation of a new pipeline linking the “North Hamada” oil field to the port of “Melita” on the Mediterranean coast, in an achievement that represents an important step towards enhancing oil production in the country.
ADNOC Drilling wins a billion-dollar contract to explore for unconventional energy in the UAE
ADNOC Drilling and Abu Dhabi National Oil Company (ADNOC) signed a contract worth 6.24 billion dirhams (equivalent to 1.7 billion dollars); To provide integrated drilling services for exploration of non-conventional energy sources in the Emirates.
A series of dialogues to reach international consensus to implement COP28 pledges
The COP29 Presidency and the International Energy Agency held the first of a series of high-level dialogues ahead of the COP29 climate conference to be held in Baku, the capital of Azerbaijan this year.
Electricity storage batteries take the rug out of hydropower by 2025
Experts have predicted that electricity storage batteries will overtake pumped hydropower technology in Australia by 2025, in a development that could represent a revolution in the energy sector.
“ENAP Sypetrol” acquires new oil concession areas in “Egypt”
The Chilean company "ENAP Cepetrol" seeks to expand the scope of its activities in Egypt, through the acquisition of new oil concession areas and exploration and prospecting for crude oil in the country.
“India” signs an agreement with “France” to enhance energy security
Indian Oil, a leading Indian energy company, and French energy company Total Energies to supply liquefied natural gas (LNG) have signed a long-term agreement in an important step to enhance energy security in India.
A disappointing start for the Mexican Olmeca refinery
The long-awaited Olmeca refinery in Mexico has started operating, but at only 5% of its production capacity. Which raised questions about the feasibility of the huge project, whose investment cost reached $16 billion
Ukraine's attack on Novorossiysk raises concerns about global energy markets
The Russian port of Novorossiysk, the largest port on the Black Sea, was attacked by a drone at dawn on Friday. As a result, the Shiskharis oil port and the Importpishipprom oil products terminal were hit
Russia's oil refining capacity declines by 14% and fuel prices rise sharply
Bold Ukrainian drone attacks on Russia's energy infrastructure have disabled 14% of Russia's oil refining capacity; Which led to a sharp rise in local fuel prices
“First Solar” is the most valuable solar energy company in the world
The value of an American solar cell manufacturer has risen since 2018 to become the most valuable in the world, after Chinese competitors suffered a price war to reduce profits.
“Dubai Electricity and Water”: We are committed to promoting sustainable energy solutions
The Managing Director and CEO of Dubai Electricity and Water Authority, Saeed Mohammed Al Tayer, received a delegation from the Chinese company Power China. To discuss aspects of cooperation in various fields of energy and water.
“Aramco”: achieving zero carbon emissions by 2050
Saudi Aramco signed three memorandums of understanding with American companies to develop low-carbon energy.
The European Development Corporation supports solar energy in Tunisia with 3.9 million euros
The International Bank for Reconstruction and Development revealed its financing to build a solar power plant with a production capacity of 10 megawatts in the Feriana region in Tunisia to support renewable energy production.
“Bloomberg”: “Bab al-Mandab” has not witnessed the passage of any liquefied gas tanker in 4 months
A report by Bloomberg International revealed that the Bab al-Mandab Strait, separating the Arabian Peninsula and Africa, has not witnessed the passage of any liquefied natural gas tanker for four months.
“Egypt” hosts “Solar Show MENA” with the participation of 150 solar energy experts
The Egypt International Exhibition Center in New Cairo will host “Solar Show MENA”, the most prominent event in the field of solar energy in North Africa, during the 29th and 30th of May.
“Total” expands its investments in renewable energy projects in “Saudi Arabia”
The French company Total Energies announced the strengthening of its cooperation with the Saudi company ACWA Power in light of an important development in the renewable energy sector.
Oil continues to achieve gains supported by the decline in US inventories
Oil prices rose for the next day in a row, supported by a reduction in US inventories and signs of easing inflation.
The National Bank of Algeria is financing a program to produce 3 gigawatts of solar energy
Algeria is preparing to start a solar energy production project with a capacity of about 3 gigawatts, the cost of which will be covered by the National Bank.
Today, Wednesday, the State of Iraq, represented by the Ministry of Oil, signed a contract with the Chinese National Chemical Engineering Company (CNCEC) for the Al-Faw Refinery Investment Project with a capacity of 300,000 barrels per day.
“Total”: The world is in a transitional phase towards clean energy… and requires more investments
Total Energies CEO, Patrick Pouyanne, called on Wednesday for more investments in the energy field, especially since the world is in a transitional phase towards clean energy.
British copper jumps to highest level in more than two years
The price of copper in the British capital, London, reached today, Wednesday, its highest level in more than two years, supported by the weakness of the US dollar and bullish expectations for demand.
The Russian Direct Investment Fund revealed its intention to start a joint investment with a Chinese company in a project to build the first marine terminal for transporting liquefied petroleum gas in the Russian Far East.
Petrobras president fired over profits
The CEO of Brazilian state oil company Petrobras, Jean-Paul Prats, has been sacked over heated disagreements over dividends and growing concerns about government interference in the decisions of the IPO-listed company.
Countries in the Middle East are redoubling their efforts to diversify energy sources through massive renewable energy and clean technology projects.
The huge tanker fleet revives liquefied gas trade in Arab countries
The global and Arab liquefied gas industry has witnessed tremendous developments during the last period, represented by an increase in production and exports, the diversification of markets, the growth of the gas tanker fleet, and the development of commercial structures for projects.
“New Sun Energy” strengthens its presence in the region with a regional headquarters in “Dubai”
New Sun Energy, a global leader in solar energy solutions, has opened its new regional headquarters in Dubai.
Postponing investment in the gas pipeline between Nigeria and Morocco until 2025
Amina Benkhadra, Director of the National Office of Hydrocarbons and Minerals in Morocco, announced that the final decision on investment in the natural gas pipeline between Nigeria and Morocco has been postponed until early 2025.
“Saudi Pipes” supplies equipment to “Aramco” for 138.6 million riyals
The Saudi Steel Pipe Company (Saudi Anbeeb) won a contract to supply steel pipes for oil and gas to Saudi Aramco worth 138.6 million riyals.
Qatar increases its production of natural gas by 60 million tons
Qatar revealed that it has added 60 million tons of natural gas to production, and that it will enhance its sales after concluding agreements to sell 25 million tons.
Australia's budget focuses on renewable energy and the mining industry
The Australian government has presented the budget for the next fiscal year 2024-2025 in the country, which focuses on developing renewable energy and relies heavily on the mining industry.
“International Energy”: Decrease in global demand for oil this year
For the second month in a row, the International Energy Agency lowered its forecast for global oil demand growth this year. This is under pressure from an economic slowdown and mild weather in Europe.
Installation of second-stage turbines for the largest wind farm in the world
Dogger Bank, the world's largest offshore wind farm, has made tremendous progress with the start of installation of Phase 2 turbines, building on the success of Phase 1.
“Norway” displaces “Russia” and becomes the largest gas supplier to “Europe”
Norway has replaced Russia as the continent's largest gas supplier, in a huge transformation that the natural gas market in Europe has witnessed over the past two years.
A historic agreement between “Türkiye”, “Azerbaijan” and “Turkmenistan” to guarantee the flow of gas
Türkiye, Azerbaijan and Turkmenistan signed a historic agreement to ensure the flow of natural gas from Turkmenistan to Türkiye via Azerbaijan and Georgia.
“Petroleos del Peru” demands that the government privatize it due to losses
The board of directors of the troubled Peruvian state-owned oil company, Petroleos del Peru, has demanded that the government sell a majority stake in the company to the private sector, as it continues to incur losses.
“Hitachi Energy” supports supplying 3 million Americans with electricity
Hitachi Energy has signed a multi-year agreement with Pattern Energy, in light of an important development in the renewable energy sector, aiming to support high-voltage direct current (HVDC) technologies for the Sun Xia electricity transmission line project.
“America” is implementing 23 solar energy projects in “Lebanon” worth $4.8 million
A new town in Lebanon celebrated the opening of a solar energy project aimed at providing clean energy to a water pump serving more than two thousand residents.
Oil prices rise supported by a decline in “American” inventories and “Canada” fires
Oil prices witnessed a rise today, Wednesday, supported by a decline in American inventories and oil sands field fires in Canada. Brent crude oil rose to about $83 after falling 1.2% yesterday, Tuesday
“Norway” is using its sovereign fund to stimulate its economy and overcome the recession
Norway revealed its intention to increase spending from its $1.6 trillion sovereign wealth fund. To face the current economic challenges, stimulate its economy and overcome the recession.
Dubai Ports World Group (DP World) today, Tuesday, concluded a strategic partnership agreement with InRide, a leading company in the field of electric autonomous transportation solutions.
“Dome” and “InSolar” lead solar energy projects in the Middle East
Dome and InSolar Energy Group have signed a formal joint venture agreement aimed at targeting utility-scale, commercial and industrial ground-based solar PV projects.
Cyprus unveils its plan to transition to a green economy
The Ministry of Energy, Trade and Industry of Cyprus has unveiled its strategic plan for the years 2024-2026, which aims to accelerate the country's transition to a green economy and enhance its competitiveness on the global stage.
“Saudi Minerals” profits jump 134% in the first quarter
The financial statements of the Saudi Arabian Mining Company (Maaden) showed record profits in the first quarter of 2024, rising by 134% on an annual basis.
“Saudi Arabia”: We aim to increase investments by more than 3.3 trillion riyals
Saudi Minister of Investment, Engineer Khalid Al-Falih, said that his country and the United Kingdom lead more than 20 economies in the world.
“America” bans the import of Russian uranium…and dries up one of the Kremlin’s sources of funding.
US President Joe Biden has signed legislation banning the import of Russian enriched uranium into law, in Washington's latest effort to impede Russia's invasion of Ukraine by drying up one of the Kremlin's sources of funding.
“Europe” is considering banning the transportation of Russian gas through its ports
EU member states prepare to discuss banning the use of EU ports for re-exports of liquefied natural gas from Russia; In a new attempt to limit Moscow's revenues from fossil fuels
Austria halts a green hydrogen project due to high costs
Austria announced the suspension of the H2 Carinthia project, which aimed to use hydrogen twice as industrial gas and road fuel, amid concerns about its economic feasibility.
Russian naphtha exports to Singapore reach their highest level in 2024
Research firm LSEG said that Singapore's imports of Russian naphtha reached their highest level in 2024 during the month of May, driven by the recovery of refineries in Moscow.
A historic agreement between “Norway” and “India” in the field of green ammonia
Yara, a Norwegian company specializing in the manufacture of fertilizers and ammonia, signed a historic agreement with AM Green, an Indian company specializing in the field of clean energy. To sell its green ammonia production
China is rebuilding its coal and gas reserves, taking advantage of falling prices
These days, China is working to rebuild its reserves of coal and natural gas, the two primary fuels for generating electricity. In preparation for an expected hot and long summer.
“Libya”: Resuming production in 9 oil wells in the “Sarir” field
The National Oil Corporation in Libya announced the resumption of production in nine oil wells in the Sarir oil field, in a step considered a notable development for the energy sector in Libya, after the completion of the necessary maintenance work.
“Karr” wins the contract to develop the “Khalaisiya” gas field
The Iraqi company Karr won the contract to develop the Al-Khulaisiyah gas field, which is located in the Nineveh and Anbar governorates, adjacent to the Syrian border, in an important step towards strengthening the energy sector in Iraq.
Oil prices rise amid fears of declining supplies
Oil prices continued to rise today, Tuesday, amid expectations of shrinking supplies in light of a possible disruption to production in Canada. As a result of forest fires, in addition to strong demand and voluntary reductions in production.
“Kuwait Oil”: Connecting renewable energy stations to the national electricity grid
Kuwait Oil Company, owned by the Kuwaiti government, signed a memorandum of understanding with the Ministry of Electricity, Water and Renewable Energy to connect the renewable energy plants it intends to establish with a capacity of 1 gigawatt to the national electrical grid.
DEWA achieves a scientific achievement by publishing 73 research papers in 2023
The Research and Development Center of the Dubai Electricity and Water Authority (DEWA) has achieved an important achievement by publishing 73 peer-reviewed scientific papers in the Scopus database during the year 2023.
Shell launches a project to remove carbon and protect the environment in Brazil
Shell has launched the innovative H2R project, which aims to significantly reduce carbon emissions from its offshore operations in Brazil.
“Qatar Energy” wins 40% of the exploration and production rights for two gas fields in “Egypt”
Qatar Energy Company announced its acquisition of a 40% stake in two natural gas exploration areas off the coast of Egypt, as part of an agreement with the American company Exxon Mobil.
“DEWA”: 1,000 charging stations for electric vehicles in “Dubai” by 2025
Dubai Electricity and Water Authority (DEWA) announced its commitment to supporting carbon neutrality by 2050, as part of a series of pioneering projects and initiatives that include establishing an innovation center and a research center.
$325 million to complete the “Ghubrah” desalination plant in the “Sultanate of Oman”
Nama Oman Power and Water Procurement Company signed an agreement with an alliance consisting of three local and international companies.
The China Aerospace Science and Technology Corporation revealed the development of the first composite liquid hydrogen system for cars weighing 100 kilograms, which is considered a new achievement in the transportation sector in China.
“Iraq”: We will not accept additional cuts in oil production
The Iraqi Oil Minister, Hayan Abdul Ghani, announced that his country will not accept any additional cuts in oil production during the next meeting of the OPEC+ alliance, scheduled to be held at the beginning of next month.
The US Secretary of Energy visits Saudi Arabia and the UAE to enhance climate cooperation
US Secretary of Energy Jennifer Granholm will visit Saudi Arabia and the United Arab Emirates next week, in an effort to strengthen climate cooperation and discuss pressing regional issues.
“Jordan” is moving confidently towards the use of renewable energy
The Hashemite Kingdom of Jordan is moving confidently towards promoting the use of renewable energy, with an increasing focus on reducing dependence on traditional energy and reducing carbon emissions.
“Britain” plans to extend a submarine cable to “Morocco” to transport renewable energy
Britain is seeking to implement an ambitious plan to extend a huge submarine cable with a length of up to 3,800 kilometers under the sea’s surface. To transfer renewable energy from Morocco to Britain.
US shipments contribute to the stability of oil prices
Crude oil prices are declining significantly in markets from Europe to West Africa; Thanks to a new wave of American exports.
Oil production declined and refineries in Russia and Ukraine were disrupted due to the war
The ongoing war between Russia and Ukraine has targeted facilities vital to the energy sector in both countries; Which led to a partial disruption of some oil refineries and a decline in production capacity.
“America” renews the license for a Venezuelan oil company despite the sanctions
The US Treasury today announced an extension of the general license allowing certain transactions with Venezuelan state oil company PDVSA until November 15, 2024.
Concern in Britain about the lack of charging points for electric vehicles
A number of British officials have warned of several challenges facing tourism, especially in eastern England, stressing that if the region does not install and establish many electric car charging points, it will suffer a crisis.
“Kazakhstan” buys 280 million kilowatts of electricity from “Russia”
Kazakhstan announced that it will import large amounts of electricity from Russia this year. In order to meet the increasing demand during peak times.
Establishing a solar energy station in “Yemen” with Emirati funding
As part of the continuous support provided by the UAE to Yemen in various fields, a company specializing in clean energy revealed that the UAE will establish a solar energy station in Shabwa Governorate.
“China” wins the development of 29 oil and gas fields in “Iraq”
A number of Chinese companies won the investment to develop a number of oil and gas fields in Iraq, as part of a government auction held yesterday, Saturday.
“Equinor” enters the lithium market to confront fluctuations in oil and gas prices
Equinor, the Norwegian oil and gas giant, has entered the lithium market, in a strategic move aimed at mitigating the effects of oil and gas price fluctuations and hedging the energy future.
“ADNOC Distribution” profits $248 million thanks to the expansion of its business
ADNOC Distribution, the leading fuel distribution and retail company in the UAE, announced its exceptional financial results for the first quarter of 2024.
“Guyana” opens its doors to “Qatar Energy”, “Total” and “Petronas” for oil exploration
The Government of Guyana has accepted an offer from a consortium of energy giants Qatar Energy, Total Energies and Petronas to explore for oil in an offshore concession called S-4.
“Tunisia”: Establishment of two solar power stations with a capacity of 300 megawatts
Tunisia granted two French and Emirati companies licenses to establish two solar power plants to generate electricity with photovoltaic panels, with a total capacity of 300 megawatts and a cost of 800 million dinars, equivalent to $255 million.
“Syria” launches the second phase of the renewable energy project
Syria launched the second phase of the renewable energy project, which is being held in the industrial city of Hassia and is affiliated with Al-Anwar Photovoltaic Energy Generation Company.
An industrial and research alliance led by Varta to develop sodium ion batteries
15 companies and universities - led by German battery company Varta - have announced the establishment of a cooperation project to develop high-performance, efficient, clean and non-polluting cell chemistry.
An agreement between “Türkiye” and “Brazil” to develop joint projects in gas and energy
Turkish floating energy provider Karpowership has signed an agreement with Brazilian state oil company Petrobras to develop joint projects in the natural gas and energy sectors.
“Iran” threatens to change its “nuclear doctrine” if it is exposed to an existential threat
Kamal Kharazi, advisor to Iranian Supreme Leader Ayatollah Ali Khamenei, said that Iran may have to change its nuclear doctrine if it is exposed to an existential threat from Israel.
“Australia” is a candidate for the title of “superpower” in the production of green iron
Australia has enormous potential to become a superpower in the production and export of green iron, thanks to the availability of iron ore and renewable energy.
India's gas imports are expected to grow by 8% despite their decline in April
India's liquefied natural gas (LNG) imports saw a slight decline in April, while expectations point to strong growth in the rest of the year.
“America” secures the strategic reserve by purchasing 3.3 million barrels of oil
The United States Department of Energy revealed that it seeks to purchase up to 3.3 million barrels of crude oil next October to add to the Strategic Petroleum Reserve.
Issuing environmental bonds worth $50 billion
The credit rating agency Fitch revealed that Sukuk issuances related to environmental, social and governance objectives exceeded $50 billion, after rising by 60.3%.
The UAE supplies Germany with 600,000 metric tons of gas for 15 years
The UAE company ADNOC signed with EnBW Energy Baden-Württemberg - one of the largest energy companies in Germany - the main terms of an LNG agreement to supply 600,000 metric tons annually.
“Sri Lanka” contracts with “Adani Green” to develop two power plants
Sri Lanka signed an agreement with the Indian company "Adani Green Energy" aimed at supplying energy for a period of 20 years.
“Saudi Arabia” launches two new units to support energy transformation efforts
Saudi Arabia has launched two new units for electrical transformation and artificial intelligence work, in a move that will support the Kingdom’s efforts in the energy transition in addition to reducing emissions.
“Mauritania” is looking for an operator for “Bir Allah”
The Director General of Hydrocarbons at the Ministry of Petroleum, Energy and Mines in Mauritania confirmed that the contract awarded to BP and Komsmos Energy in the offshore natural gas field in Bir Allah expired on April 29.
Masdar expands energy and hydrogen projects in Egypt
The CEO of Green Hydrogen Management at the Emirati “Masdar” company, Mohammed Abdul Qader Al Ramahi, said that the company intends to expand further in the fields of solar electric energy.
“Saudi Arabia” and “Azerbaijan”: Strengthening cooperation in the energy sector and climate change
Prince Abdulaziz bin Salman, Saudi Minister of Energy, held a meeting with Parviz Shahbazov, Minister of Energy of Azerbaijan within the framework of strengthening bilateral relations between the Kingdom of Saudi Arabia and the Republic of Azerbaijan.
“Israel” strengthens its partnership with “Cyprus” in electrical connectivity
As part of Israel's efforts to strengthen its position as an influential regional energy center, a high-level delegation headed by Yossi Dayan, Director General of the Israeli Ministry of Energy and Infrastructure, visited Cyprus.
“Atomic Energy” criticizes “Iran”: it is not cooperating in its nuclear program
The head of the International Atomic Energy Agency, Rafael Grossi, strongly criticized Iran. For not cooperating adequately with the agency's investigation into its nuclear program.
30% share of renewable energy in world electricity production
A report issued by the Empire Research Foundation revealed that renewable energy achieved a significant milestone in 2023; Its share of total global electricity production reached 30% for the first time.
“OPEC+”: We are studying increasing production to calm volatile oil markets
Russian Deputy Prime Minister Alexander Novak confirmed that the OPEC+ alliance is considering the possibility of increasing oil production, amid fears of supply disruptions due to the conflict in the Middle East and rising global prices.
“Naturgy” responds to “Algeria”: Gas contracts are not affected by ownership changes
The Spanish energy company Naturgy confirmed that the natural gas supply contracts concluded with Algeria do not include any clauses that could be affected by changes in the company’s ownership structure.
The launch of the AIM Investment Summit in Abu Dhabi, with the participation of 175 countries
The activities of the AIM Investment Summit were launched in the Emirate of Abu Dhabi today, with the participation of more than 100 ministers, city mayors, bank and central bank governors, 900 speakers, and 11 global financial markets.
“Mubadala” invests in the largest urea fertilizer production plant in “Australia”
The Emirati investment company Mubadala revealed its investment in a urea fertilizer production plant belonging to the Australian company Perdaman, alongside the Global Infrastructure Partners fund.
Oil prices rise in conjunction with the Israeli attack on “Rafah”
Oil prices rose during trading today, Tuesday, against the backdrop of escalating geopolitical tensions in the region, especially after Israel’s bombing of the city of Rafah in Gaza, in conjunction with the continuation of negotiations.
Aramco’s profits fell by 14.4% and 116.51 billion riyals were distributed to shareholders
The Saudi oil giant “Aramco” revealed that its profits in the first quarter of 2024 decreased by 14.4%, bringing its profits to about 102.3 billion riyals, equivalent to 27.3 billion dollars.
“Egypt”: 8% increase in natural gas production next year
An Egyptian government official revealed the goal of increasing natural gas production in Egypt during the next fiscal year 2024-2025, bringing the average production to 5.7 billion cubic feet per day.
“Chevron”: Growth in electricity consumption raises demand for gas
Chevron CEO Mike Wirth expects demand for natural gas to rise above current expectations, driven by growth in electricity consumption in the artificial intelligence and data center sectors.
Russia doubles its oil revenues despite Western sanctions
Russia succeeded in recording a huge jump in its oil revenues during the month of April. Oil tax revenues doubled, reaching $11.5 billion
“Shell” negotiates the sale of its stations in “Malaysia” to “Aramco” for one billion dollars
Shell is holding talks with Saudi Aramco to sell the gas stations it owns in Malaysia, which is considered the second largest network of its kind in the country, in a deal worth close to one billion dollars.
“ADNOC” withdraws from acquiring a stake in “Braskem”
The largest oil producing company in the UAE has withdrawn its offer to buy a stake in the Brazilian company Braskem.
Fast Cables plans to raise 3 billion rupees from the Pakistan Stock Exchange
Fast Cables, the largest power line company in Pakistan, announced that it will carry out one of the largest initial stock offerings on the stock exchange this month of May.
“Nigeria” grants investors in oil fields 17 licenses
The oil sector in Nigeria granted investors 12 licenses within the framework of the exploration and development plan during the year 2024, and it also re-offered the remaining 5 licenses from 2023, bringing the total to 17 licenses distributed among several offshore fields.
“Advent” is considering acquiring the controlling stake in “OQ” for $250 million
Advent International is in talks with the Sultanate of Oman to inject new capital into OQ Chemicals; With the aim of acquiring the controlling stake in the company.
“China” dominates the clean energy industry and its exports rise by 20%
Clean energy exports from China increased by 20% in 2023 to reach more than $150 billion; Which strengthens its dominance over this vital industry globally.
“Brissite” acquires 51% of “AIQ”
Abu Dhabi National Oil Company (ADNOC), G42 Company and PreSight Holding Company, listed on the Abu Dhabi Stock Exchange, announced a new ownership structure for AIQ shares.
Oil and gasoline stocks rise and distillate products decline in “America”
Both crude oil and gasoline inventories in the United States rose last week, while distillate inventories fell.
B.Grimm Power acquires 40% of a company specializing in solar energy based in the “UAE”
B.Grimm Power Public Company Limited, B.Grimm Power has acquired a 40% stake in solar energy company ThreeEightSix Holdings Ltd.
A decrease in demand for SABIC products and its profits are lower than expectations
Although SABIC returned to profitability in the first quarter of 2024 - which reached 250 million riyals - profits fell below analysts’ expectations, which indicates the continuing challenges facing the company.
“Kuwait” overcomes the difficulties in producing 1 gigawatt of solar energy
Kuwait Oil Company signed a memorandum of understanding with the Ministry of Electricity, Water and Renewable Energy, aiming to coordinate efforts, continue cooperation and overcome difficulties regarding the project to produce 1 gigawatt of solar energy.
Turkey invests $100 billion in renewable energy
In the context of the huge boom that Turkey is witnessing in the field of renewable energy, expectations indicate that investments worth $100 billion will be pumped into this sector during the next decade.
Members of OPEC increase their oil production and ignore pledges to reduce supplies
Despite the stability of oil production during the past month, the group’s recent pledges to reduce supplies remained not fully implemented, while the Organization of the Petroleum Exporting Countries pumped 26.81 million barrels per day.
Operating the largest nuclear power plants in America
Georgia Power announced the start of commercial operation of Unit 4 of the Vogtle Nuclear Power Plant, which is located near the city of Waynespur in the US state of Georgia.
$500 million Egypt’s gas import bill during the summer
The Egyptian Ministry of Petroleum and Mineral Resources revealed that the import bill for liquefied gas during the next four months of the summer will reach more than $500 million.
Establishing a solar energy station within the Arab Open University in “Oman”
The Arab Open University, Amman Branch, reached an agreement with the “Solar Wadi” company to establish a station within the university to produce electricity with solar energy, under the patronage of the Minister of Higher Education, Scientific Research and Innovation.
Eurostar pledges to operate its trains entirely with renewable energy
Eurostar, Europe's leading rail rapid transit operator, has pledged to run all its trains on 100% renewable energy by 2030.
Oil prices rise after 3 days of losses
Brent and West Texas Intermediate crude futures prices returned to rise today, Thursday, by 0.3%, after three days of losses.
Shell withdraws from China's electricity markets
British energy company Shell has withdrawn from China's electricity markets, as part of a new strategy aimed at focusing on more profitable areas, with a focus on its natural gas and oil business units.
Supply concerns push natural gas prices in Europe higher
Natural gas markets in Europe are witnessing a continued rise in light of bets on continued rise in prices, driven by growing concerns about possible supply disruptions during the coming winter.
“Sudan”: We are looking forward to gas exploration and drilling operations in the Red Sea
Sudanese Minister of Energy, Dr. Mohieldin, said that there are promising possibilities to benefit from gas in the Red Sea, noting that his country aspires to exploration and drilling operations in this field in the coming years.
“Masdar” of the Emirates enters the Bahraini market through wind energy
Masdar Future Energy Company in Abu Dhabi and Bahrain's Bapco Energy Company signed an agreement today, Wednesday, aimed at exploring cooperation opportunities in the field of investment and development of wind energy projects in the Kingdom.
Oil prices witnessed a decline in trading today, Wednesday, for the third day in a row, with an increase in crude inventories and production in the United States, which is the largest oil consumer in the world.
Copper prices touched their highest levels in two years, driven by expectations of increased demand for the metal in light of the shift towards clean energy.
“Iran” signs memorandums of understanding to increase gas production by 127 million cubic meters
Iran signed memorandums of understanding to increase natural gas production by 127 million cubic meters.
Resuming production in the “Khor Mor” field in “Iraqi Kurdistan” after it was targeted by drones
The Emirati company Dana Gas, operator of the Khor Mor natural gas field, announced that the wheel of production has returned to rotation, 5 days after it stopped following a drone attack.
The UAE’s Barakah stations win the “Best Green Financing Deal” award for the year 2024
The Barakah Nuclear Power Plant refinancing deal - worth AED 8.89 billion ($2.42 billion) - won the “Best Green Finance Deal” award for 2024.
India increased its purchases of Russian oil during the month of April, while reducing its imports from Iraq and Saudi Arabia, the second and third largest oil suppliers to the country.
Russian oil tankers face US sanctions by changing their names
A Russian state oil tanker company changed the names of some of its ships to the names of Russian cities, in an attempt to confront the sanctions imposed by the United States on the company last February.
“America” deals a new blow to “Russia’s” economy and bans the import of uranium from it
The US Congress approved legislation banning the import of enriched uranium from Russia, in a historic step that strengthens US national security and reduces dependence on Moscow in the field of nuclear energy.
“Saudi Arabia”: 40% of carbon emissions are caused by “America” and “Europe”
The Saudi Minister of Energy, Prince Abdulaziz bin Salman, said that OPEC contributes only 4% of carbon emissions, while America and the European Union are responsible for 40%.
“Bahrain” offers some of its oil and gas assets for sale
Bahrain is looking for investors in a major oil pipeline transporting crude oil from Saudi Arabia; The Kingdom is looking to monetize energy assets.
Switzerland is preparing to open the largest green hydrogen production station
Expo and its local partner, Repinergy, are preparing to open the largest green hydrogen production plant in Switzerland. It is located in the "domat-ems" area of the Reichenau hydroelectric power station
Launching of a huge renewable energy project between Britain and Morocco
The British company GE Vernova revealed the launch of a huge renewable energy project in Morocco, investing about $10.2 million in the company “Exlinx First.”
“Iraq” and “Kazakhstan” pledge additional measures to reduce oil production
The countries of Iraq and Kazakhstan said on Wednesday that they are in the process of making additional cuts in oil production, and presenting plans explaining ways to compensate them for pumping several hundred thousand barrels per day.
“Norway” is preparing a new oil field with investments of 6.3 billion kroner
The State of Norway revealed that it has begun developing a new field to extract oil and natural gas in the North Sea, which aims to extend the life of a nearby field that has been operating for more than 3 decades. The "Pestla" project is managed by OKIA.
Brazil has achieved a new milestone in the field of renewable energy. It succeeded in increasing its wind energy capacity for the third year in a row. The year 2023 witnessed the production of 4.8 gigawatts of new wind energy
“Oman” strengthens its position in green hydrogen production with two agreements worth $11 billion
Oman Hydrogen Company signed two historic agreements to develop two huge green hydrogen production projects in the Dhofar Governorate in the Sultanate of Oman. The total investment value of the two projects amounts to 11 billion US dollars
“Shell” achieves record profits… and investors criticize its failure to disclose financial details
The British company Shell announced that it achieved huge profits from trading American oil, but it did not reveal the precise financial details of its business in this sector.
“America” cancels its plans to burn hydrogen and remove carbon from power plants
The United States of America revealed that it has made fundamental amendments to its plans to remove carbon from power plants. Co-burning hydrogen technology was excluded as a primary solution after a comprehensive review
“Algeria”: A $52 billion investment program to increase gas production
Algerian Energy Minister Mohamed Arkab affirmed his country's commitment to strengthening its role as a reliable global energy supplier, through huge investments in exploration and production.
PetroChina benefits from rising oil and gas prices and achieves record profits
PetroChina, China's largest oil and gas producer, announced record profits in the first quarter of 2024, driven by rising global oil prices and stable demand for natural gas.
Investment partnerships between the UAE and Oman worth 129 billion dirhams
The United Arab Emirates signed agreements with the Sultanate of Oman worth 129 billion UAE dirhams with the aim of cooperating in several projects, most notably renewable energy.
“Brazil” is on its way to join “OPEC+”
Brazilian Minister of Oil, Natural Gas and Biofuels, Pietro Mendes, said that his country - which ranks ninth in the world in oil production with 3.25 million barrels per day - is on its way to joining the OPEC+ alliance.
A 30% drop in Petrofac shares worries investors…and the stock market stops trading
Shares of Petrofac, a company specializing in oil and gas field services, fell by more than 30% on the London Stock Exchange today, recording a sharp decline that raised investors’ concerns about the company’s future.
“Türkiye”: Purchasing 2.5 million tons of gas from “ExxonMobil” annually
The Turkish Ministry of Energy and Natural Resources announced today that it has taken an important step towards enhancing energy security in the country, by reaching a potential agreement with the American company “ExxonMobil”.
US gas jumps to the highest level as the peak season approaches
US natural gas prices witnessed a significant increase on Tuesday; Futures rose 5% to reach a 12-week high, as the peak season approaches in June.
Restrictions on Russian gas imports to Europe… soon
The G7 continues its pressure on Russia in the context of the ongoing energy war. The group's energy ministers are discussing imposing restrictions on Russian liquefied natural gas imports to Europe.
“Türkiye” seeks “energy independence” through a huge gas deal with “ExxonMobil”
The Financial Times newspaper revealed Turkey's talks with the American energy giant ExxonMobil, aiming to sign a huge deal to purchase liquefied natural gas worth billions of dollars.
Gulf cooperation with OPEC to enhance energy security and stabilize oil prices
The 2024 World Economic Forum witnessed an important meeting between the Secretary-General of the Gulf Cooperation Council, Jassim Mohammed Al-Budaiwi, and the Secretary-General of the Organization of the Petroleum Exporting Countries (OPEC), Haitham Al-Ghais.
The United Arab Emirates strengthens its leadership in the field of renewable energy
Ryan McPherson, Regional Director of the Energy Industries Council for the Middle East, Africa and CIS, emphasized the UAE’s continued progress in the field of renewable energy.
“Qatar” stresses that there is no “demonization” of oil and gas as demand continues
The Qatari Minister of State for Energy Affairs, Saad bin Sherida Al-Kaabi, rejected attempts to “demonize” oil and gas, stressing the continued need for these two vital materials for long periods to come.
Cooperation in energy and clean technologies brings together Saudi Arabia and the European Union
The Kingdom of Saudi Arabia signed a memorandum of understanding with the European Union, and this came during joint talks held in the Saudi capital, Riyadh.
“Sudan” adopts solar energy to operate the “Al-Damer” cement factory
Sudanese media reported that the work of absorbing electrical energy from the solar energy station at the North Cement Factory in the city of Al-Damer has been completed, as part of the electricity sector’s efforts to benefit from renewable and alternative energies.
Gulf officials: The world needs to reduce the cost of hydrogen
The UAE Minister of Energy and Infrastructure, Suhail Al Mazrouei, pointed out, during his participation in the World Economic Forum in Riyadh, the need to reduce the cost of hydrogen.
Moroccan “Mazen” Wind Energy requests a partner for a 400 MW project
The Moroccan Agency for Sustainable Energy (Mazen) revealed that it has launched a request for proposals to select the private partner to finance, build and operate the Naseem Al-Shamal wind energy program, which has a production capacity of about 400 megawatts.
Saudi Minister of Energy: Green transformation requires controls
Saudi Energy Minister Prince Abdulaziz bin Salman stressed the need for the transition to green energy to be subject to practical and realistic controls, while emphasizing the world’s need for all energy sources in the coming years.
A cautious calm in oil markets thanks to “shale oil” amid geopolitical concerns
Despite the escalating tensions between Iran and Israel, oil prices remained stable at $87 per barrel, supported by American “shale oil,” which provided partial protection for global markets.
Oil prices fall amid hopes for peace… and mixed expectations regarding interest rates
Oil prices fell in early Asian transactions on Monday, giving up some of the gains they made in the previous session, driven by a combination of geopolitical and financial factors.
Iraq seeks to achieve a qualitative leap in the field of energy by completing two huge solar energy and natural gas projects in cooperation with Total Energy by 2025.
The liquefied natural gas industry in Russia is facing difficulties due to sanctions
Russia's liquefied natural gas industry faces major challenges that threaten its future ambitions, in contrast to the resilience of oil exports. Western sanctions imposed strict restrictions on this industry
Details of Shell's profits from oil and gas trading are revealed for the first time in a lawsuit
Documents from a lawsuit filed by a former employee revealed that US crude oil trading generates profits for Shell amounting to one billion dollars annually.
The American company "Venture Global LNG" revealed the start of operation of the "Blackmines LNG" facility in Louisiana, which is its second facility to export liquefied natural gas, in mid-2024.
Low fuel prices hamper Sweden's plans for sustainable mobility
Fuel prices in Sweden have been declining over the past 10 years, which was supposed to be a positive factor for the government’s performance, which seeks to reduce transportation sector emissions.
Wind energy capacity additions in Morocco will decline by 50% during 2023
Wind energy in Morocco has witnessed a decline in its new installations over the past year (2023), although it continues to play a pivotal role in the growth of renewable electricity generation capacity in the country.
Decisive steps towards accelerating solar energy projects in Germany
Germany is moving towards accelerating the pace of solar energy projects of all sizes. In an effort to enhance energy security and reduce dependence on Russian gas.
“Equinor” announces the date for the resumption of operation of a huge liquefied gas station
The Hammerfest LNG station in northern Norway suffered a gas leak on April 23, 2024, which led to the cessation of production and the evacuation of 54 workers from the station. The station’s maintenance process continued for one day.
Completely eliminating coal from the G7 table
As chair of the current session of the G7 Energy Ministers' Summit, Italy is moving towards international consensus to completely end the use of coal in power plants
Sungrow presents advanced solar energy solutions at the “Green Energy 2024” exhibition
The Green Energy 2024 exhibition witnessed the distinguished participation of Sungrow, the leading global supplier of solar inverters and energy storage systems.
World leaders meet in Riyadh to discuss cooperation, growth and energy in light of global tensions
The World Economic Forum will hold a special meeting in Riyadh on Sunday and Monday under the title “International Cooperation, Growth, and Energy for Development.”
“Emirates” invites a tender to build a new nuclear plant
The United Arab Emirates is preparing to launch a tender for a new nuclear plant that would double the number of nuclear reactors in the Gulf state.
“Japan” seeks to enhance its participation in the renewable and clean energy market in “Qatar”
His Excellency Satoshi Maeda, Ambassador of Japan to Qatar, stressed his country’s aspiration to play a pivotal role in advancing the transition towards renewable and clean energy in Qatar.
With the focus on renewable energy, BHP makes an offer for a mining deal worth 39 billion
BHP, the world leader in the field of mining, has submitted an offer, the largest of its kind, worth $39 billion, to acquire its British competitor, Anglo American.
Japanese “Jera” intends to invest in hydrogen projects in the Middle East
JERA, the Japanese energy giant, is making great strides to confirm its role as a major player in the field of hydrogen and green ammonia in the Middle East.
Chevron and Exxon oil production rebounds in Guyana and the Permian Basin
The two giant oil companies, ExxonMobil and Chevron, issued a statement on Friday, revealing their profits and their plans to increase production from the Permiana region, which is considered one of the prominent oil regions in America.
Chevron beats earnings expectations and shows strong growth supported by oil and production
Chevron posted strong earnings for the second straight quarter, helped by higher oil prices and strong production growth. However, the $53 billion acquisition of Hess...
Engie sells its stake in coal in Morocco and turns to renewable energy
Regional Director of the French energy company Engie in North Africa, Loic Geigert Huber, said that the company has decided to abandon coal completely by 2027.
ExxonMobil is developing a new technology to remove carbon dioxide from the air
Oil giant ExxonMobil plans to halve the costs of removing carbon dioxide directly from the air, as a key tool to combat climate change.
Oil processing in Russia decreases with the start of seasonal maintenance work
Oil processing rates in Russia fell over the past week; The refineries entered into seasonal maintenance work after the Ukrainian drone attacks.
Oil rises, supported by strong economic growth in Europe and tensions in the Middle East
Oil prices rose on Tuesday, April 23, benefiting from several political and economic factors that have strengthened during the recent period. Prices began to rise since the previous session
The United Kingdom increases its production of renewable energy to 27.1 terawatt-hours
During the first quarter of this year (2024), the United Kingdom witnessed a historic achievement, represented by the leadership of renewable energy sources - represented by wind and solar energy - in the electricity generation scene.
Europe is facing a crisis in the electric car sector; Government support for these vehicles arouses widespread discontent among consumers and workers, while sales figures show a noticeable collapse.
Futures prices for both Brent and West Texas Intermediate crude rose 0.9%, and data showed that overall trade activity in the euro zone grew significantly in nearly a year this month.
“Gazprom” replaces the Suez Canal to supply gas to “Asia”
Russian giant Gazprom sent the first shipment of liquefied natural gas this year to Asia from the Portovaya LNG terminal on the Baltic Sea.
Russian oil exports rise by about $24 million
Russian seaborne crude oil exports rose to a multi-month high during the four weeks ending April 21; Bringing its total value to $1.94 billion per week
The African Finance Corporation is taking a huge step towards achieving sustainability goals on the African continent, through a huge project linking Morocco to the United Kingdom via submarine cables to transmit solar and wind energy.
Masdar seeks to capture 5% of the global green hydrogen market by 2030
Abu Dhabi Future Energy Company - Masdar - today announced its ambitious quest to capture a 5% share of the global green hydrogen market by 2030.
Oil prices maintain their rise amid anticipation of inventories and sanctions on “Iran”
Oil prices held steady after a report indicating a decline in US crude inventories, as traders monitored progress towards imposing new sanctions on Iran.
Chinese companies begin building solar power plants in Algeria
Chinese media announced that the Chinese Power China Energy Company has begun building a power plant through solar photovoltaic energy in southern Algeria. Its production is about 220 megawatts.
“Jordan” accelerates the pace of deployment of electric car charging stations: 400 stations by 2025
An official source in the Hashemite Kingdom of Jordan revealed that there are 52 public fast charging stations for electric cars and 13 private stations distributed across all governorates of the Kingdom.
BlackRock targets a $4 trillion green energy transition by 2035
BlackRock, the global investment management company, announced its intention to advance the transition towards green energy globally, through huge investments amounting to $4 trillion.
“Algeria” seeks to rely on solar energy to desalinate seawater
Mohamed Bou Taba, General Director of the Algerian Energy Company, affiliated with the Sonatrach Group, announced Algeria’s plans to establish six new seawater desalination plants using solar energy.
“Egypt Electricity” raises the price of the dollar to 49.55 pounds in its companies’ budget
The Egyptian Electricity Holding Company informed its fifteen subsidiaries of raising the price of the dollar in the budget for the next fiscal year 2024-2025 to 49.55 pounds.
Steve Feamster, Managing Director of Petroleum Development Oman (PDO), predicted that crude oil production would rise to 700,000 barrels per day before the end of the current decade in 2030.
Azerbaijan's state oil company "SOCAR" and Saudi Arabia's "ACWA Power" company signed a cooperation agreement aimed at accelerating the development of renewable energy projects in Azerbaijan.
The global energy market is witnessing a heated struggle between major international companies, such as Shell, Total Energy, and Mitsui of Japan. In order to obtain shares in the “Ruwais” project.
The world's largest floating offshore wind farm sets sail for reality in Scotland
Scotland is taking a decisive step towards a clean energy future, with the world's largest floating offshore wind farm receiving approvals to begin construction off the coast of Aberdeenshire.
Namibia is preparing for a qualitative leap in the oil industry with the discovery of a huge field whose reserves are estimated at 10 billion barrels. This is considered one of the largest discoveries in the Orange Basin.
Saudi Aramco is moving to acquire 10% of the Chinese Hengli Petrochemical Company
Saudi Aramco, the global energy giant, continues its strategic steps towards strengthening its presence in the huge Chinese market
Oil rises due to Middle East risks
Oil prices rose in Asia this morning; Where it witnessed compensation for the losses it suffered in the previous session; This is a result of investors continuing to evaluate the growing geopolitical risks in the Middle East region
“BlackRock”: $4 trillion annually to achieve the green energy transition
The BlackRock Investment Institute released new scenarios for the energy transition, indicating the need for huge investments amounting to $4 trillion annually by the middle of the next decade.
Heavy rains in Dubai call for adaptation to climate change
Heavy rain fell in Dubai last week; Which led to widespread floods, the cessation of air traffic, and damage to property. These floods raised questions about the extent of Dubai’s preparedness.
“Saudi Arabia” plans to increase its renewable energy six-fold by 2030
Saudi Arabia is looking to significantly increase its renewable energy production in the coming years, with an ambitious goal of generating 130 gigawatts of renewable energy by 2030.
Solar energy ambitions face bureaucratic challenges in Jordan
Jordan faces challenges as it seeks to expand the use of solar energy, despite the desire of many citizens to switch to renewable energy sources. These challenges are due to bureaucracy and delayed approvals.
Bosch dominates the hydrogen vehicle market
The president of the German company Bosch revealed his optimistic expectations for the global hydrogen vehicle market during the company's annual press conference, after its sales improved in 2023.
After a month of cessation, “Ukraine” announces the resumption of electricity exports
After a month of hiatus due to Russian attacks, Ukraine has resumed electricity exports, starting Sunday, April 21, 2024.
“Poland” plans to build the first nuclear power station to generate electricity
Poland is moving towards a sustainable energy future with plans to build its first nuclear power plant on the Baltic Sea coast, with construction expected to begin in 2026, with the first unit operational in 2033.
The Gas Exporting Countries Forum published a report on Algeria and its export of natural gas to Europe; The report linked the Ukrainian war to the interruption of Russian gas supplies to Europe
The end of the first phase of exploration in the “Mopan” field off the coast of “Namibia”
On Sunday, April 21, the Portuguese oil company Galpenergia announced the completion of the first phase of exploration in the Mopan field near the coast of Namibia.
“EPCO” and “GSI” sign supply agreements with a capacity of 100 megawatts
EPPCO and GSI aim to invest in green sources, and seek to commit to sustainable energy, by signing important agreements aimed at supplying components for renewable energy projects.
The UAE “Masdar” intends to enter the Libyan energy market for export to “Europe”
Abu Dhabi Future Energy Company "Masdar" and "W Solar Investment", which is affiliated with Alef Dhabi Holding Group, intend to build a solar energy station in Libya, and aim to export production to Europe.
Egypt's imports of Israeli gas declined by 22% during the summer
Egypt's imports of Israeli natural gas declined by 22% to 900 million cubic feet per day during the summer
The state-owned Oman LNG Company signed an agreement with the Turkish company Botash to supply one million metric tons annually for a period of 10 years starting in 2025.
Declaration of emergency in Ecuador as a result of the energy crisis
On Friday, Ecuadorian President Daniel Noboa declared the second state of emergency in the country due to the energy crisis. This declaration led to rationalization of consumption, as the state of emergency aims to ensure the continuity of public electricity service.
The “G7” seeks to impose a ceiling on Russian oil prices
The text of the final statement of the G7 foreign ministers at the conclusion of their meeting on the Italian island of Capri, on Friday, confirmed the G7's intention to continue undermining the development of Russia's future energy projects.
“India” discusses with the Secretary General of “OPEC” the recent fluctuations in the oil market
India, the world's third-largest oil importer and consumer, discussed with the Secretary-General of the Organization of the Petroleum Exporting Countries (OPEC), Haitham Al-Ghais, on Friday the recent fluctuations in the global oil market and its trends.
Signs of a breakthrough in the “Iraqi Kurdistan” oil crisis, amid hope for solutions soon
The crisis of stopping the export of Iraqi Kurdistan's oil to Turkey has caused huge material and development losses estimated at more than 12 billion dollars.
Oil prices decline despite political instability in the Middle East
Analysts and workers in the petroleum sector reported, through an analytical report by Reuters, that the abundance of supplies of some high-quality types of crude oil reduces the impact of conflicts in the Middle East.
DEWA issues the second technical guide for infrastructure works and enhances Dubai’s competitiveness
Dubai Electricity and Water Authority (“Dewa”) has launched the second edition of the technical guide for no-objection certificates for infrastructure projects, as part of its ongoing efforts to enhance the emirate’s competitiveness.
The UAE “Masdar” targets one billion dollars in green bonds to enhance its clean energy plans
Masdar, a global leader in renewable energy solutions, announced its intention to issue green bonds worth between $750 million and $1 billion during 2024.
Trina Solar is using the power of the desert in pioneering solar projects in the Middle East
The Middle East region faces challenges in using solar energy due to its arid desert terrain. That's why Trina Solar, along with its partners, is working
Mr. Ziad Al-Saaida, Chairman of the Board of Commissioners of the Energy and Minerals Regulatory Commission in Jordan (EMRC), participated in the activities of the Sustainable Business Communication Program at the “Global Future Energy 2024” Summit.
The European Union urges the gradual abandonment of Russian gas
The European Union Agency for the Cooperation of Energy Regulators (ACER) explained in its latest report that European Union countries cannot currently completely dispense with liquefied natural gas from Russia.
Increase in the credit rating of “Qatar Energy”
Qatar Energy Company received a strong credit rating from Fitch; The agency raised its rating from AA- to AA, and added that the company's near future is in continuous development
Amendments from General Electric Vernova lead to the shutdown of 3 wind farms
General Electric Vernova made changes in the model of the wind turbines it is working on, which led to the halting of the implementation of 3 marine projects that were supposed to be launched in New York.
Algerian Sonatrach and Swedish Tethys Oil sign an agreement for exploration
The Algerian oil and gas company Sonatrach said in a statement on Tuesday that it had signed an agreement with the Swedish company Tethys Oil.
Shunichi Kito - President of the Japan Petroleum Association - stated the possibility of oil companies in his country resorting to using Japan's oil reserves in the event of an emergency.
“Oman Gas” and “Shell” sign an agreement to export 1.6 million metric tons annually
The state-owned Oman LNG Company signed an agreement with Shell Trading Company to supply 1.6 million metric tons annually for a period of 10 years starting in 2025.
A rise in oil prices after the re-imposition of US sanctions on Venezuela
Oil prices rose in early trading on Thursday, paring the losses recorded in the previous session after the United States said it was reimposing sanctions on Venezuela.
The Emirati company Masdar, a leader in the field of renewable energy, announced important developments in green hydrogen projects in 3 Arab countries: Egypt, Morocco, and the Sultanate of Oman.
World Future Energy Summit discusses green finance and solar energy outlook
The second day of the World Future Energy Summit witnessed an intense focus on green finance topics; Where international experts discussed the challenges and solutions for financing renewable energy projects
Abu Dhabi Future Energy Company - “Masdar”, a pioneer in the field of clean energy, and Emirates Global Aluminum (EGA), the largest global producer of high-quality aluminium, have signed
“Abu Dhabi Energy” seeks to acquire the Spanish “Naturgy”.
Abu Dhabi National Energy Company - “TAQA” - announced that it has entered into talks with two major shareholders of the Spanish energy and gas company “Naturgy”.
Britain's plans - to become a leader in the field of manufacturing electric car batteries - faced a major setback with the collapse of the project to build its first giant factory in this field.
A short US deadline for Venezuela to avoid re-imposing new oil sanctions
The government of Venezuelan President Nicolas Maduro faces a short deadline of two days to implement fundamental electoral reforms; So that it becomes more transparent, otherwise it will face the re-imposition of harsh oil sanctions
US oil inventories rise more than expected
US crude oil inventories rose significantly this week, far exceeding expectations; This raised investors' concerns about global demand
“ADNOC” intensifies its efforts to acquire “Covestro”
The UAE's ADNOC held talks with the German company Covestro. ADNOC has been intending to acquire Covestro since last year
A dialogue session at (WFES2024) regarding solar panel prices
A dialogue session - at the World Future Energy Summit "WFES2024" in Abu Dhabi, UAE - presented the fluctuation in the price level of solar panels over the coming years.
Expectations that US shale oil production will rise to its highest levels in 5 months next May
The US Energy Information Administration indicated that oil production from the largest shale producing areas in the United States is trending up
“SunGro” launches a fast charger for electric cars
SunGro, a company specialized in manufacturing solar inverters, launched a fast charger for electric cars, and this came on the sidelines of the World Future Energy Summit in Abu Dhabi.
Gas prices in Asia jump to the highest level this year amid the risks of conflict
LNG prices in Asia witnessed a state of rise, especially at the beginning of January, in light of concern that Israel would respond to the attack committed by Iran earlier this week.
The UAE is strengthening its efforts to increase oil production
The United Arab Emirates continues to accelerate its plans to increase its oil production, as part of its effort to benefit from its vast reserves and secure a larger share of the global crude market.
The United States is discussing imposing new sanctions on Iranian oil
In the wake of the latest Iranian attack on Israel, calls are mounting in the United States for new sanctions on Tehran, and congressional leaders are discussing a bill that would ban the import of Iranian oil.
“Iran” affirms its commitment to ensuring the continuation of energy exports in the Middle East
In the wake of the recent Iranian attack on Israel, Iranian officials were quick to reiterate their commitment to ensuring continued energy exports in the Middle East
“Egypt” discusses with “JICA” strengthening strategic partnerships in the green economy
On the sidelines of her participation in the spring meetings of the World Bank Group and the International Monetary Fund in Washington, DC, Dr. Rania Al-Mashat, Minister of International Cooperation, held
Chinese auto shipbuilding orders jumped due to increased electric vehicle exports
Orders for the construction of Chinese automobile transport ships have increased significantly; It reached its highest levels thanks to the record increase in electric vehicle exports
Bet on oil prices rising to $250 in June as war fears mount
Oil traders accepted options contracts for more than 3 million barrels in a bet on the possibility of prices jumping to $250 starting in June, as geopolitical and war risks continue to escalate.
Oil prices fall due to tensions in the Middle East
Oil prices fell by about half a percentage point in early trading on Wednesday, amid concern about global demand due to weak economic momentum in China.
Will Guyana become a major oil player on the global stage?
Guyana, the South American country, has emerged on the global energy map as a promising new player, after the discovery of huge quantities of oil on its territory in 2015.
The Algerian “Sonatrach” signs an agreement with the Swedish “Tethys Oil” to exploit hydrocarbons
The Algerian oil and gas company Sonatrach stated - in a statement on Tuesday, April 16 - that it had signed an agreement with the Saudi Tethys Oil Company.
Indian “Reliance” seeks to sell American oil as Russian flows increase
Indian company Reliance Industries sold US oil to other buyers in Asia last week, in an unusual move for refiners.
“Oman” supplies “Japan” with 0.8 million metric tons of liquefied gas
The state-owned Oman LNG Company has concluded an agreement with a Japanese company, Jira, to supply 0.8 million metric tons of liquefied gas every year, starting next year, and will continue for 10 years.
“Libya” aims to raise its oil production to 1.6 million barrels in 2024
The Undersecretary of the Ministry of Economy and Trade in the "unity" government headed by "Abdel Hamid Al-Dabaiba" stated that Libya aims to raise its oil production to 1.6 million barrels per day before the end of 2024.
Ukraine attacks pose a threat to Russian oil exports
Russia's crude oil exports face a major challenge; Whereas, despite its increase in March by 200 thousand barrels on a monthly basis
A German company relies on 200 hydrogen-powered trucks
MAN, the leading German truck and bus manufacturer, announced a new step towards the future of emissions-free transportation, by unveiling a limited production of 200 trucks powered by a hydrogen combustion engine.
Algeria is accelerating its steps to develop its energy sector and enhance its energy security by focusing on hydrogen. Algerian Energy Minister Mohamed Arkab confirmed his country's efforts to implement the Southern Hydrogen Corridor project
The UAE’s “Taqa” acquisition of “Naturgy” raises questions about energy security in “Spain”
The Emirati company TAQA announced the acquisition of the Spanish energy company Naturgy, in a move that could give it significant control over the energy sector in Spain.
The launch of the “World Future Energy Summit 2024” for a “sustainable future”
The sixteenth session of the World Future Energy Summit 2024, hosted by Masdar, begins today at the Abu Dhabi National Exhibition Center (ADNEC).
International concern about the possibility of “Israel” targeting Iranian nuclear facilities
The Director General of the International Atomic Energy Agency, Rafael Grossi, announced his deep concern about the possibility of Israel targeting Iranian nuclear sites.
Iran is boosting its oil production amid sanctions challenges
Iran recorded a jump in its crude oil production during the first quarter of 2024, achieving 3.170 million barrels per day, an increase of 23.44% over the same period last year.
The UAE promotes sustainable energy until 2050
The UAE government is striving to keep pace with the growing demand for energy by adopting renewable and clean energy sources and enhancing its energy infrastructure.
The United States sets a new record in natural gas exports during 2023
The US Energy Information Administration revealed that 8 billion cubic feet of gas will be imported per day during 2023, mostly via pipelines from Canada, a 3% decrease from 2022.
“Japan” launches a huge project for hydrogen fuel cells for aircraft
Japan has unveiled the world's largest hydrogen fuel cell project for aircraft, amid huge government pledges to make green aviation technology a reality.
European gas prices stabilize after Iran’s attack on Israel
Natural gas prices stabilized in Europe after market fears of a possible escalation in the conflict between Iran and Israel calmed.
Birol warns Europe against lagging behind in progress in the field of nuclear energy
Fatih Birol, Executive Director of the International Energy Agency, warned that Europe is lagging behind in the energy sector compared to China and the United States.
An official in Africa said that the OPEC+ alliance is looking to grant potential membership to Namibia, while the foundations are being laid that will enable it to be the fourth largest oil producing country in Africa.
“Libya” achieves $6 billion in oil revenues in the first quarter of 2024
The Undersecretary of the Ministry of Economy in Libya, Suhail Abu Shiha, stated during his statements with CNBC that the volume of oil revenues for the Libyan economy in the first quarter was $6 billion.
Bosch presents its hydrogen production technologies at the World Future Energy Summit
Bosch, the company working in technical and engineering solutions, begins showcasing its latest innovations in the field of hydrogen production during its participation in the World Future Energy Summit 2024.
“Morocco” signs an agreement with an Australian company to produce green hydrogen
The Office Chérifien des Phosphates in Morocco has concluded an agreement with the Australian company Fortescue to produce green hydrogen and ammonia
Hydrogen fuel cells advance Japan's ambitions towards green aviation: challenges and giant projects
Japan has unveiled the largest hydrogen fuel cell project for aircraft with massive government funding, as part of its relentless pursuit to develop more sustainable aviation technologies.
The Iranian attack on “Israel” ignites concern in oil markets
Oil markets witnessed sharp fluctuations over the past week; The Iranian attack on Israel exacerbated geopolitical concerns and pushed oil prices higher
Decrease in gas imports in Spain
Spain's imports of natural and liquefied gas decreased during March 2024, by 7.7% on a monthly basis, and this decline comes after a rise at the beginning of the year.
“Egypt” launches two projects to produce electricity from solar energy
The Egyptian Ministry of Petroleum and Mineral Resources announced on Monday the implementation of two projects to produce electricity from solar energy at a total investment cost of 1.05 billion Egyptian pounds.
Asian oil prices decline due to the Iranian attack on “Israel”
Asian oil markets saw a significant drop in oil prices on Monday morning, following the Iranian attack on Israel over the weekend
“Emirates” is a global beacon of sustainability that lights the path to a clean energy future
The United Arab Emirates is proving its global leadership in the field of sustainability and clean energy through its distinguished achievements and ambitious future plans
Oil prices rise due to the Iranian attack on Israel
Oil markets witnessed a noticeable rise on Sunday, after the Iranian attack on Israel that occurred on Saturday evening, and analysts’ expectations indicate that this rise will continue on Monday.
The Ukrainian military leadership raised a warning about the possibility of Russia carrying out a fabricated operation at the Zaporizhya nuclear power plant, the largest nuclear plant in Europe and the third largest in the world, in the coming days.
“Ukraine” expands in the field of nuclear energy despite the war
Ukraine announced the start of launching two American-designed nuclear reactors using American technology from Westinghouse Electric at the Khmelnytsky Nuclear Power Plant.
The success of the US electric vehicle tax credit program is helping to increase demand
Electric vehicle sales in the United States of America have witnessed a significant increase since the beginning of this year, driven by the advance tax credits program for consumers.
Russia plans to restart the Zaporizhzhia nuclear plant
Despite growing international concerns about the safety of the Zaporizhzhia nuclear power plant in Ukraine, Russia has announced its intention to move forward with its plans to restart it.
Chinese investments in solar energy in Kyrgyzstan
On April 12, 2025, the Prime Minister of the Republic of Kyrgyzstan, Akylbek Japarov, announced plans to build a solar energy plant located near Balikchi in the Issyk-Kul region in the north of the country.
Lack of charging stations…a new crisis facing hydrogen cars in South Korea
South Korea is working to increase the number of hydrogen cars in the country to reach about 300,000 vehicles by 2030, and several problems have emerged resulting from the increase in the number of cars that operate on hydrogen fuel cells.
The World Future Energy Summit 2024 carries the slogan “Clean Investment”
The United Arab Emirates will host the Arab Future Energy Summit 2024 during the period between 16 and 18 April, and it is expected that the slogan “Clean Investment” will be raised at the top of the summit’s priorities.
“India” activates gas-fired power plants during the summer
India is activating the emergency clause, especially with regard to issuing an order for mothballed gas-fired power plants; In order to work during the summer as the demand for electricity begins to rise.
How does the (Algerian-Nigerian) gas pipeline project help Europe solve the energy crisis?
The Minister of Energy and Mines in Algeria, Mohamed Arkab, stated - during his discussions with his Nigerian counterpart - that the Trans-Saharan gas pipeline project has returned to work again.
“Abu Dhabi Energy” establishes new projects for energy storage battery systems in “Britain”
Masdar Arlington Energy, a subsidiary of Abu Dhabi Future Energy Company (Masdar), has announced the start of implementation of two new energy storage battery systems projects in the United Kingdom.
Investment in the US renewable energy sector has not been sufficient
A new report indicates that US investment in renewable energy will reach record levels in 2023, however, the rate of expansion in this sector remains below desired level.
A European plan to rely on green hydrogen production in North African countries
The production of green hydrogen in North Africa is considered one of the solutions adopted by Europe to implement its plan to supply this clean fuel, especially in light of the great untapped potential.
Does China dominate the global electric car market?
China accounted for 63.5% of electric vehicles sold in the world in 2023; China sold 8.87 million cars in the Chinese market in 2023
Over the past eight years, the United States has witnessed remarkable transformations that have brought profits to oil and gas companies and strengthened American influence abroad
4 outcomes of the “Petroleum Technology” conference in “Saudi Arabia”
The International Petroleum Technology Conference (IPTC) was launched on Monday, February 12, 2024, at the Dhahran Exhibition Center “Expo Dhahran” in the Kingdom of Saudi Arabia.
Developments in wind energy projects in Europe
Europe achieved record wind electricity generation in the fourth quarter of 2023; Electricity contributed 193 terawatt-hours, while coal contributed 184 terawatt-hours.
Renewable energy in the Middle East and North Africa… many untapped resources
The Middle East and North Africa region is one of the richest regions in the world in renewable resources, especially solar energy, but this energy is not optimally exploited.
Green hydrogen in Germany depends on the African tide
On February 13, 2024, the German Development Fund allocated 270 million euros to encourage a number of African countries to produce green hydrogen. And then supplied to Germany
Green hydrogen in Iraq and steps forward
Iraq is one of the Arab countries that has an advanced plan to produce green hydrogen. Iraq is keen to catch up with the world in reducing carbon emissions and producing electricity from clean energy sources
“JSW Energy Limited” raises INR 50 billion to accelerate growth plans
JSW Energy Limited, part of conglomerate JSW Group, has announced raising INR 50 billion (about US$661 million).
“Shell”: Gas trading profits declined in the first quarter of 2024
Shell announced a decline in gas trading profits during the first quarter of 2024, but they are still high according to normal rates.
Kuwait’s imports of liquefied gas increased by 93% during the first quarter of 2024
Kuwait's imports of liquefied natural gas (LNG) increased significantly during the first quarter of this year. It rose by 93% year on year, reaching 1.12 million tons.
“Cargas” achieves a historic achievement by reaching 4 billion pounds in revenues in 2023
Cargas, the Egyptian natural gas company for automobiles, witnessed an exceptional year in 2023. It achieved activity revenues approaching 4 billion pounds for the first time in its history
“Norway” tops the list of the most environmentally friendly countries in “Europe”
A recent study conducted by solar energy experts at Hemsol revealed that Norway tops the list of the most environmentally friendly countries in Europe, while other countries are striving to achieve their climate goals.
The European Union is locked in a decisive battle over the future of renewable energy
Reuters has reported on the European Union facing a crucial battle over how to address hydrogen produced using nuclear power in its renewable energy targets, as a negotiating deadline approaches.
“Eni” is close to achieving new oil and gas discoveries in “Ivory Coast”
The Italian company Eni revealed promising indicators of oil and gas discoveries in Ivory Coast, as part of its efforts to enhance its market share of these two strategic commodities.
Liberty Power acquires the thermal power assets of Engro Corp.
Liberty Power has signed an agreement to purchase the thermal power assets of Engro Corp, the largest public power company in Pakistan, in the largest acquisition in the Pakistani energy sector.
“Algeria” records an increase in liquefied gas exports by 12%
Algeria's LNG exports to Europe increased by 12% during the first quarter of 2024, compared to the same period in 2023.
“America” imposes customs duties on American solar energy imports from 5 countries
The US federal government has imposed tariffs on solar imports from Southeast Asia, while those in the US solar industry have warned of the possibility of additional tariffs.
Volkswagen aims to increase its share in the Chinese electric car market
Volkswagen is aware of the fierce competition in the Chinese electric car market and seeks to maintain its market share, and competition in the electric car market in China is considered fierce.
Fuel sales in Morocco increased by 3.75%
Fuel sales in Morocco increased by 3.75% during 2023, supported by increased demand for fuel in the Kingdom, and total diesel and gasoline sales reached 6.78 million tons.
OPEC+ keeps the oil reduction strategy unchanged
The OPEC+ alliance kept the oil production reduction strategy unchanged, and the decision was widely expected in the markets, and this decision came during the 53rd meeting.
The UAE’s “Lunit” acquires a 40% stake in “ADNOC” Oil Pipelines
The UAE company “Lunit” announced on Wednesday, April 3, 2024, that one of its funds had acquired a 40% stake in ADNOC Oil Pipeline Company from BlackRock and KKR.
“China” intends to lift gas price restrictions to support distribution companies
Natural gas distribution companies in Chinese cities are expected to increase prices for households, but the Chinese government is taking several measures to support companies
Indian fuel refineries are considering building small nuclear reactors to support their business
Indian Oil Corp, a state company, is holding initial talks with India's atomic energy monopoly; With the aim of building small nuclear units
Russian oil and gas royalties tax rises by 90%
The Russian Ministry of Finance announced that revenues from the Russian gas and oil budget in March 2023 increased by 90% compared to revenues for the same month in 2024.
Oil prices maintain their gains with focus on US inventories
Oil prices witnessed a state of rise, especially after a report indicated a decline in US crude inventories before the OPEC+ meeting, during which the group is expected to maintain cuts in current supplies.
The Egyptian Ministry of Electricity’s purchase bill for renewable energy from investors increased by about 700 million pounds per month, reaching two billion pounds, especially after the liberalization of the exchange rate at the beginning of last March.
“Misr Petroleum” seeks to borrow 10 billion pounds to import fuel
Misr Petroleum, the government company specialized in producing and marketing oil in Egypt, aims to borrow 10 billion pounds from a local banking alliance led by the Bank of Egypt and the National Bank of Egypt.
Aramco awards contracts worth $7.7 billion to increase gas production
Saudi Aramco has concluded engineering, procurement and construction contracts worth $7.7 billion to implement a major expansion of the Al-Fadhili gas plant, which is located in the Eastern Province of the Kingdom of Saudi Arabia.
Saudi Aramco expands gas processing capacity at the Al-Fadhili plant
Saudi Aramco has awarded contracts worth $7.7 billion to expand the gas processing capacity of the Fadhili gas plant from 2.5 billion standard cubic feet per day to 4 billion standard cubic feet per day.
“Iran”: $35.8 billion in oil exports within 12 months
Iran's oil exports reached $35.8 billion in the 12 months to March 2024, customs department head Mohammad Rezvanifar told the Iranian Labor News Agency.
How did China help Russia trade oil to escape US sanctions?
Oil is a lifeline for the Iranian and Russian economies, a major source of income, but Western sanctions threaten the two countries' ability to ship oil and receive payments.
Failure of European Innovation Fund projects raises concerns about meeting climate targets
Four years after its launch, the European Innovation Fund, set up with US$43 billion EU support to combat climate change, has failed to achieve its goals.
The Venezuelan National Oil Company (PDVSA) and the American company Chevron have begun drilling a new well within the framework of the "Petro Independencia" project, a joint venture to increase oil production in the country.
Russia reduces its production of liquefied natural gas due to US sanctions
The Russian Arctic 2 natural gas station was forced to reduce its production of liquefied natural gas. Because of US sanctions that stand in the way of Russia's desire to export more liquefied natural gas
Temporary recovery for Russian oil refineries
Data from Russian oil refineries showed that Russia's oil production from March 21 to 27 witnessed a noticeable increase; The average daily production reached 5.13 million barrels
Oil prices rise amid fears of tight supplies and escalating geopolitical tension
Oil prices continued to rise, supported by a decline in US crude inventories and escalating geopolitical tension. Brent crude futures rose 0.22% to $89.12 per barrel
TrinaTracker announces its contribution to the Santa Luzia Solar Park in Brazil
Trina Tracker, a business unit of Trina Solar, announced its contribution to the 520 MW Santa Luzia Solar Park in Brazil.
OPEC oil production decreased in March
OPEC oil production fell during March 2024, driven by lower exports from Iraq and Nigeria.
Siersdorfer appointed Leader of the Middle East and Africa Region at Siemens Energy
Siersdorfer, who has been with Siemens Energy since 1987, has been appointed leader of the Middle East and Africa region, replacing Nadja Håkansson.
Opening bids for a project to generate electricity from waste in “Iraq”
The Investment Authority in Iraq announced that it has taken measures aimed at implementing the first project to generate electrical energy from waste in Baghdad
Solar energy in Algeria is booming with a new project
Solar energy projects in Algeria are considered a strong start with the laying of the foundation stone for the second station within the 3,000 MW program, which is supervised by Sonelgaz.
The largest wind farm in the Baltics produces green hydrogen
The largest wind farm in the Baltics is expected to produce green hydrogen for Lithuania's largest fertilizer producer, significantly reducing the country's emissions.
“Mauritania” signs a contract to develop huge gas reserves
The Ministry of Petroleum, Minerals and Energy in Mauritania has concluded a contract aimed at developing huge reserves of natural gas, which is consistent with the country’s tendency to increase reliance on gas as an important and reliable source of energy.
“Masirah Oil” begins an intensive drilling program in Block 50 off the coast of “Oman”
Masirah Oil has begun an ambitious drilling program in Block 50 off the coast of the Sultanate of Oman, aiming to increase production and enhance oil reserves.
In a step that reflects its keenness on international cooperation in the field of climate, the Kingdom of Saudi Arabia held an important meeting in Jeddah with the Republic of Azerbaijan, which focused on strengthening joint action to combat climate change.
ADNOC is investing $13 billion to strengthen its leadership in liquefied natural gas
Abu Dhabi Gas Company, the integrated gas processing unit of Abu Dhabi National Oil Company (ADNOC), announced its plans to invest more than $13 billion until 2029.
“Russia” reduces diesel exports in April to the lowest level in 5 months
Russian diesel exports face a sharp decline this April. The country plans to reduce its shipments from the main ports in the west of the country to their lowest level in 5 months.
Russian “Gazprom” exports gas to Europe in large quantities via “Ukraine”
Reuters reported that the Russian company "Gazprom"'s exports of natural gas to Europe via pipelines recorded an increase of 4.5% in March compared to its exports in February.
“India” records the lowest percentage of hydroelectric power generation in 38 years
Reuters reported that the decrease in rainfall in India, along with the rise in demand for energy, prompted the country to increase reliance on oil and coal to meet energy demand.
“Diamondback Energy” invests in nuclear energy
The American company "Diamondback Energy" signed a non-binding letter of intent with "Oklo"; With the aim of establishing a small nuclear reactor in the United States to produce energy, especially low-carbon electricity.
“Iraq” intends to establish a green bank to support renewable energy
A report published by Al-Ahed News Agency stated that the Iraqi government granted approval to license a green bank, which is considered the first of its kind among Arab countries.
“Aramco” plans to expand its marine fuel stations in “Saudi Arabia”
Aramco aims to expand investment in marine fuel stations, especially after evaluating the results and efficiency of the operational performance of the Aramco Marina station project on the Red Sea.
“Qatar” charters 19 tankers to expand the production of liquefied gas
Qatar Energy Company has concluded four agreements aimed at leasing 19 tankers to ship liquefied natural gas from Asian ship operators as part of its preparations to increase production.
The Authority of Oman’s electricity production increased by 14.1% at the end of January
The Authority of Oman’s total electricity production until the end of January 2024 increased by 14.1% on an annual basis compared to the same period in 2023.
The UAE becomes the largest oil supplier to Japan in February
Data from the Natural Resources and Energy Agency of the Japanese Ministry of Economy, Trade and Industry showed that the UAE became the largest oil supplier to Japan in February.
Fuel prices in the UAE rise in April with oil stabilizing above $80
The Committee for Setting Petroleum Derivatives Prices in the United Arab Emirates announced an increase in fuel prices for the month of April 2024, coinciding with the continuation of global oil prices above the barrier of $80 per barrel.
US oil dominates global markets thanks to sanctions
US oil exports have seen a record rise since Western countries imposed sanctions on Russia and Venezuela. As a result, American producers became the main beneficiaries of these sanctions
“Iraq” signs a memorandum of understanding with “Siemens Energy” and “Schlumberger”
The Iraqi Ministry of Oil took a positive step by signing a memorandum of understanding with Siemens Energy and Schlumberger. This memorandum aims to invest and process associated gas from oil fields
A government official reveals Egypt's plan to implement 5 projects to develop the High Dam
The High Dam in Egypt is awaiting an important project whose goal is to replace and renew 12 electrical transformers that have not been renewed since 1965, and aims to maintain its production efficiency of electricity.
“Morocco” and “China” sign an agreement to build a factory for electric car battery components
The Moroccan government and the Chinese BTR NEW MATERIAL GROUP signed an agreement worth three billion dirhams ($300 million).
“Qatar” announces the first electric bus depot based on solar energy in the region
The Ministry of Transport in Qatar stated in a post on the “x” platform that the Lusail bus depot for electric buses is considered the largest in the world. It can accommodate 478 buses on an area of about 400,000 square metres
South Sudan's oil revenues decline after the disruption of an export pipeline
South Sudan's revenues declined as a result of the disruption of a pipeline crucial to the country's ability to export crude oil to foreign markets
Trina Solar, a leader in the field of renewable energy, announced the completion of the largest solar power plant in New Zealand, in cooperation with Loadstone Energy Company, and the plant is known as “Kohira”.
Kelso Solar Project: A major boost to renewable energy and the local economy
In an important step towards integrating renewable energy into regional operations, Aravon Energy - which specializes in developing, owning and operating renewable energy - and Meta Platforms
ACWA Power strengthens its presence in Central Asia with an energy agreement worth $262.7 million
Saudi Arabia's ACWA Power, a leading renewable energy company, announced the signing of a power purchase agreement with the national electrical grid in Uzbekistan.
Borouge plans to expand in Asia with a potential merger worth 30 billion euros
Borouge, the largest chemicals producer in the United Arab Emirates, plans to strengthen its presence in the Asia-Pacific region through a mega merger deal.
America buys oil reserves amounting to 2.8 million barrels
The United States of America purchased 2.8 million barrels of crude oil to restore its reserves of oil reserves, after it carried out huge sales of its crude oil after the Russian-Ukrainian war.
“America” plans to ease sanctions on Venezuelan oil until July 2024
CNBC newspaper reported from US White House officials that the Joe Biden administration is not inclined to complete the oil sanctions that Trump had imposed on Venezuelan President Nicolas Maduro as a means of pressure to remove him from power.
A Ukrainian energy company suffers losses of about $300 million
The CEO of the Ukrainian energy company DTEK announced that the Russian attacks on power stations in Ukraine led to damage to a large number of Ukrainian power stations.
“The Emirates” seeks to invest in the British nuclear project “Sizeol C”
Reuters reported, citing unnamed sources, that the Emirates Nuclear Energy Corporation seeks to invest in nuclear energy infrastructure in several European countries, including Britain.
At a cost of $7.4 billion.. “Morocco” establishes a green hydrogen production plant in “Boujdour”
Several Moroccan reports stated that the Boujdour region will witness the construction of a huge station, the aim of which is to produce green hydrogen. The cost of establishing the station is about 7.4 billion dollars.
The cost of establishing solar power plants in Egypt has doubled 100%
The costs of establishing solar energy plants in Egypt increased by 100% within a year, especially after the rise in the exchange rate of the dollar against the Egyptian pound.
“Morocco” is preparing to import liquefied gas and support a new pipeline project
Morocco has prepared a plan for a gas infrastructure road map, according to which Morocco can be provided with a number of ports for importing liquefied gas, in addition to supporting gas pipelines that connect producing basins to consumers.
“Egypt” allocates $3.3 billion to support fuel in the new budget
Egypt has set its new budget for the fiscal year (2024:2025) and its economic and social development plan, which includes fuel and oil derivatives support and investments in clean and green energy projects.
Expanding cooperation between Tunisia and Italy in the field of energy
The areas of partnership and cooperation between Tunisia and Italy are witnessing a remarkable expansion in the energy and hydrocarbons sector, with a special focus on securing and exploiting the pipeline transporting Algerian gas to Italy “Transmed”.
Restart of the Palisades Nuclear Power Plant in the United States
The U.S. Department of Energy announced a $1.52 billion loan to Holtec International to restart the Palisades Nuclear Power Plant in Michigan.
“Dangote” refinery threatens “Europe” with a loss of $17 billion
Dangote's massive refinery in Nigeria, with a refining capacity of 650,000 barrels per day, will put an end to the European gasoline trade in Africa, worth $17 billion annually.
Challenges of the transition to sustainable energy and the future of fossil fuels
Saudi Aramco President, Amin Nasser, stressed that the current energy transition strategy faces major challenges and appears ineffective in many aspects.
Turkey is taking important steps towards using sustainable energy
Turkey has made an important leap towards sustainable energy use, according to the latest report issued by the Ministry of Energy and Natural Resources
The United States agrees to extend the gas supply agreement between Iraq and Iran
The Iraqi Ministry of Electricity announced that a new 5-year contract had been signed to import natural gas from Iran, after the approval of the US administration earlier in March.
Abu Dhabi National Energy Company (TAQA) and the Japanese company JERA signed a partnership agreement.
Positive Zero and Al Tamimi Energy Company announced the signing of a strategic partnership agreement to develop and implement solar energy projects throughout the Kingdom of Saudi Arabia.
Turkey plans to increase reliance on nuclear energy
Turkish officials unveiled an ambitious plan to significantly increase reliance on nuclear energy in the national energy mix; The plan aims to reach 7.2 gigawatts of nuclear energy by 2035
Saudi “Addis” signs an agreement to increase production of obsolete oil fields in “Egypt”
The Saudi Addis Holding Company has concluded an agreement with the Egyptian General Petroleum Corporation to increase the production of obsolete oil fields in Egypt, with a total value of 247.5 million riyals ($66 million) over 10 years.
“Saudi Arabia” leads green sustainability bond issuances in the Arab region
Saudi Arabia continues to strengthen its position as a leading force in green finance; It accounted for 35% of the total green sustainability bond issuances in the Arab region
North Korea is subject to US sanctions because of its import of Russian oil
30 officials from both the United States and South Korea met among themselves; To impose a ban on illegal Russian refined oil imports destined for North Korea.
“Libya” exports 47% of its fuel to “Europe”
The French Foreign Trade Insurance Corporation (Coface) revealed the volume of Libyan hydrocarbon exports to the European continent. She said that 66% of Libya's exports go to Europe
British Cleantech Lithium produces lithium chloride in Chile.
The British company Cleantech Lithium stated that it is now able to produce lithium chloride in Chile after extracting lithium from Chilean territory.
The American “Philips” expects global demand for fuel to grow
Phillips 66, which is considered the second largest refining company in the United States of America, stated that global demand for automotive fuel has been growing for many years.
“Russia” reveals the share of nuclear energy in its energy balance at “Atom Expo”
Russian Energy Minister Alexei Likhachev said that the share of nuclear energy in the Russian energy balance in the second half of the twenty-first century is likely to rise to a third from 20% at the present time.
“Algeria” signs a memorandum of understanding with “Rosatom” for cooperation in nuclear energy
The nuclear energy program in Algeria is expected to be launched during the coming period in light of Algeria’s efforts to diversify energy sources and reduce dependence on oil and gas to generate electricity.
Oil prices decline after a significant increase in US inventories
Oil prices continued to decline, especially after an industry report indicated a significant increase in US inventories, and other markets fell before the end of the quarter
Pakistan calls on Washington to exempt the Iranian gas pipeline from US sanctions
Pakistan plans to ask the United States for exemption from the sanctions it will impose on a pipeline project to transport natural gas from Iran
Indications of the continuation of the current production policy are weighing on oil
Oil prices recorded a decline for the second day in a row, during early trading on Wednesday, after a report on an increase in crude oil inventories in the United States, which is considered the largest oil consumer in the world.
“China” receives the last oil tanker subject to US sanctions carrying Russian “Sokol” crude
Shipping data from the London Stock Exchange Group and Kpler revealed that the seventh or last tanker, Sakhalin Island, which transports Russian Sokol oil, which is subject to US sanctions, arrived at the Chinese port of Tianjin.
“Russia” aims to reduce oil production during the second quarter of 2024
Russia asked its oil companies to reduce production during the second quarter of this year 2024 to the level of 9 million barrels per day by the end of June, according to what Reuters reported from sources in the oil sector.
“Exxon” concludes a deal to sell ammonia to “Japan” and presses to reduce taxes in “America”
ExxonMobil is demanding that green hydrogen extracted from natural gas receive tax breaks in America
The United States provides $6 billion in federal funding for clean energy
The US Department of Energy announced that it has provided federal funding aimed at supporting 33 industrial projects in 20 states to reduce carbon emissions, amounting to approximately $6 billion.
“Algeria” lays the foundation for the first solar power plant within the 3,000 MW program
The first foundation stone for a solar energy station was laid in Algeria - on Monday, March 25, 2024 - as part of the 3,000 megawatt program, and the station is supervised by the Sonelgaz company.
“Egypt” approves a 3.7 billion pound investment budget for renewable energy
Egypt continues its efforts to develop renewable energy and green hydrogen projects, by allocating huge funds for these projects in addition to signing several agreements with international institutions and destinations.
Chile continues its progress in the field of renewable energy
Chile is experiencing tremendous growth in the renewable energy sector; The share of renewable energy in electricity generation rose to 38.2% in February 2024, an increase of 7.9% from January.
Amin Nasser, President and CEO of Saudi Aramco, during a speech at the China Forum, stressed the importance of development in Beijing and the possibility of enhancing cooperation between Aramco and its Chinese partners.
The Secretary General of OPEC stresses the need to pump more investments into the oil industry
Haitham Al-Ghais, Secretary General of OPEC, believes that increasing investments in the oil industry is necessary. To enhance the sustainability of the global energy sector and secure sufficient and reliable supplies to the whole world.
Expectations of growth in the Sultanate of Oman’s natural gas production until 2035
The Sultanate of Oman is witnessing strong growth in its natural gas production, with expectations that it will continue until 2035, reaching 46 billion cubic metres, an increase of more than 20% from 2022.
Britain reconsiders the price ceiling for energy
Discussions have begun, led by the British Gas and Electricity Markets Office, or what is known as “Ofgem”, about the possibility of changing the price ceiling for electricity.
The European Investment Bank supports the energy transition
The European Investment Bank's support for Europe's energy sector continues; The bank's Board of Directors took the decision to approve the allocation of 5.5 billion euros to support several areas
Russia exports 82.9 million barrels of oil to Europe in less than three months
A report issued by the Black Sea Group showed that Russia’s oil exports to Europe in the period from the first of December 2023 until the end of February 2024 amounted to 82.9 million barrels.
“Russia” welcomes the reduction in oil production
Reuters news agency said that the Russian government wants to fulfill what OPEC+ countries promised to reduce oil production
One year since the closure of the oil pipeline between “Iraq” and “Turkey”… losses and damages
A full year has passed since the decision to close the oil pipeline between Iraq and Turkey, leaving behind huge losses and vague expectations for the future of its flow.
Oil prices are rising… and Brent crude is near $86
Oil prices witnessed a rise during trading today, Monday, March 25, 2024, in an attempt to compensate for the losses incurred at the end of last week.
“Egypt” seeks to increase the electrical energy generated to 228 billion kilowatts per hour
The Egyptian Ministry of Electricity and Renewable Energy aims to increase the energy generated during the current fiscal year 2023/2024 to 228 billion kilowatt-hours, with a growth rate of 3.6%.
“Iran” seeks to expand nuclear cooperation with “Russia” and “China”
Iran is seeking to expand the scope of its cooperation with Russia and China in the field of nuclear energy, according to statements by the spokesman for the Atomic Energy Organization of Iran, Behrouz Kamalvandi.
“Petro Rabigh” company records losses of 4.7 billion riyals in 2023
Saudi Arabia's Rabigh Refining and Petrochemical Company (Petro Rabigh) recorded net losses of 4.7 billion riyals in 2023, an increase of 300% from the previous year.
Iraqi accusations against foreign companies of delaying Kurdistan oil exports
The Iraqi Ministry of Oil announced that foreign companies operating in the Iraqi Kurdistan region bear part of the responsibility for delaying the resumption of crude oil exports from the region.
“Egypt” increases its imports of Israeli gas by 26%
Egypt and Israel agreed to increase Israeli gas exports to Egypt by about 26%, to reach 1,450 billion cubic feet per day. This increase comes as Egypt seeks to secure its energy needs.
“Ukraine” increases its imports of electricity due to Russian strikes
The Ukrainian Ministry of Energy said that Ukraine imported 351.5% of total energy at the beginning of this week compared to the end of last week. Due to Russian attacks on Ukrainian energy facilities
OPEC warns against calls to abandon oil
OPEC Secretary-General Haitham Al-Ghais made statements to Kuwait News Agency “KUNA” regarding dependence on oil. He described oil as “the backbone of life” and it cannot be abandoned in any way.
Decline in steel manufacturing in China
BHP Group CEO Mike Henry announced at the China Development Forum that China has recently been manufacturing steel at a lower rate than Europe.
Britain invests $962 million in nuclear energy
Downing Street announced that British Prime Minister Rishi Sunak will announce new packages of investments in the field of nuclear energy and the nuclear deterrence program.
A Korean-French partnership to win a solar energy project in the UAE
The South Korean agency "Yonhap" revealed that it had signed a joint development agreement with a French company affiliated with the state-run "Electricité de France" company.
“China” seeks to outperform “Europe” in green hydrogen
China aims to exploit its large capacity to generate renewable energy to advance Western countries in production and transportation, and China is rapidly developing green hydrogen infrastructure in China.
“Mauritania” is moving to develop a legal framework to govern the green hydrogen sector
Mauritania is moving to develop and issue a law to regulate the green hydrogen sector. To achieve widespread exploitation of its enormous solar and wind potential, which is drawn to major energy industries around the world.
Operating the world's first synthetic fuel production facility in America
On Thursday, March 21, 2024, the American company “Infinium” announced its success in operating a project called “Pathfinder” in Corpus Christi, Texas.
For the first time.. Chinese electric cars are preparing for production in “Europe”
Europe is awaiting the production of the first type of Chinese electric cars through a partnership between the two companies, "Leap Motor" and the multinational industry leader, "Stellantis."
The European Union holds its first nuclear energy summit in Brussels
The European Union held its first specialized summit in the field of nuclear energy in Brussels, chaired by Belgian Prime Minister Alexander De Croo, and Director General of the International Atomic Energy Agency, Rafael Mariano Grossi.
A technical revolution in energy storage for wearable devices
Researchers have discovered a revolutionary technology for storing energy in small-sized electronics and wearable devices.
Connecting the fourth station in “Barakah” to the UAE electricity network
The Emirates Nuclear Energy Corporation succeeded in achieving an important achievement by completing the process of connecting the fourth station in Barakah to the UAE electricity grid. This process was completed by the Nawah Energy Company.
“Ukraine” announces that the largest hydroelectric power stations have been severely damaged
Ukraine's largest hydroelectric power plants were hit by eight Russian missiles and seriously injured on Friday, the Kyiv Prosecutor's Office confirmed.
Accumulation of Russian diesel shipments in tankers stuck in the Red Sea
Large quantities of Russian oil have been stuck in the Red Sea due to Moscow's difficulty finding buyers for this amount of shipments.
Russian oil falls to its lowest levels in 10 months
The Russian oil sector was affected by a drop in the average daily oil refining rate to its lowest weekly levels in 10 months following the Ukrainian attacks on this sector.
“Oman” and “Germany” sign a partnership agreement in the field of clean energy
Omani Minister of Energy and Minerals, Salem bin Nasser Al-Awfi, attended a meeting with the German Vice Chancellor and Federal Minister for Economic Affairs and Climate Protection of Germany, Robert Habeck, in Berlin.
“India” dispenses with Russian oil shipments
Indian refineries announced that US sanctions on trucks transporting Russian oil prompted them to ban the import of Russian oil belonging to the Russian company "Sovcomflot".
“Eurostat”: The European Union will reduce its energy revenues in 2023
The Eurostat website published statistics on the European Union’s energy imports in the fourth quarter of 2023. The European Union imported the equivalent of 187.9 million tons, or a value of $120.9
Sunlight Energy acquires a solar energy project in Indiana
Sunlight Energy has acquired a solar development project in Hamilton, Indiana, with the goal of providing energy to local schools
The largest container ship in the world powered by green methanol arrives in Morocco.
The Norwegian company Maersk announced the launch of the largest container ship in the world powered by green methanol, the Annie Maersk, on its maiden voyage between a number of global ports.
Renewable energy electricity transmission project in America falters
A renewable energy transmission project is in trouble after a federal judge ruled that it would block a land swap needed to build a power line through a wildlife refuge on the Mississippi River.
A sharp attack on the International Energy Agency's biases against fossil fuels
Members of the US Senate and House of Representatives sent a scathing letter to the International Energy Agency, criticizing its biases against oil, gas and coal.
Oil rises supported by a decline in US inventories
Oil prices witnessed a rise in early Thursday trading, after declining in the previous session, supported by a decline in crude and gasoline inventories in the United States.
“Iraq”… an agreement with “Siemens” to convert burned gas into fuel
In an important step to protect the environment and enhance Iraq's capabilities in the field of energy, the Iraqi government signed an agreement with the German company "Siemens Energy" to convert gas burned within the framework of the oil production process into fuel for generating electricity.
“India” is preparing to operate the latest liquefied gas stations
India is preparing to open the Chhara LNG terminal, which is an important step towards achieving the goal of carbon neutrality by 2070. The plant is located in the state of Gujarat on the western coast of India.
“Ukraine” suffers “Russia” heavy losses after its attacks on oil refineries
Statistics showed that Ukrainian attacks on Russian oil refineries, of which there have been nine successful attacks since the beginning of 2024, led to losses in Russia's ability to produce energy by 11%.
Czech “CEZ” plans to acquire 55.21% of “GazNet” company
CEZ announced its plan to acquire 55.21% of GazNet, which had been owned by Macquarie Asset Management since 2013.
“Angola” sets a new condition for rejoining “OPEC”
Angolan Minister of Oil and Gas, Jose Barroso, commented on his country’s exit from OPEC at the end of 2023. He said that his country's goal is to continue production at the level of 1.1 million barrels of oil per day
“Egypt” exports 50 thousand tons of liquefied natural gas to “Europe”
The Egyptian Ministry of Petroleum and Mineral Resources revealed that it is preparing 50,000 tons of liquefied natural gas for export from the Idku station to Europe before the end of March 2024.
Expert: Egypt is committed to increasing renewable energy production
Dr. Khaled Saleh, an expert in the field of energy, pointed out the importance of Egypt’s pivotal role in the energy sector, in light of the current transformations and fears of energy security.
Oil prices rise supported by expectations of rate cuts and declining inventories
Oil prices witnessed a noticeable rise after the US Federal Reserve indicated its continuation of its plans to reduce interest rates during the current year. Which strengthened the appetite for risk and weakened the US dollar.
The Iraqi Ministry of Electricity continues to take aggressive steps to confront the recurring energy crisis facing the country, by concluding strategic partnerships with leading international companies in the field of energy.
The Arab Energy Fund achieves its highest net income thanks to asset growth
The Arab Energy Fund (TAEF) announced that it has achieved a historic achievement by recording its highest net income ever. It reached $225 million in 2023, an increase of 51% over the previous year.
A fateful decision awaits the Moroccan-Nigerian gas pipeline project before the end of the year
The Moroccan-Nigerian gas pipeline awaits a fateful decision before the end of this year that would accelerate the implementation steps to implement the giant project on which many West African countries depend.
The first floating LNG terminal in Nigeria witnessed a decision to postpone the final investment to the second quarter of this year, 2024.
Oil exports from South Sudan stopped after a pipeline explosion
Oil exports from South Sudan suddenly stopped, after a major explosion in a pipeline located in the area of the civil war that broke out a year ago in Sudan.
“Mauritania” and “Germany” agree to establish a company specializing in hydrogen
Mauritania and Germany have discussed the idea of establishing a new company specializing in renewable energy and green hydrogen, which is scheduled to be hosted by Nouakchott.
Unipec sends a giant oil tanker carrying Libyan crude to Asian customers
Unipec, the trading arm of China Petroleum and Chemical Corporation (Sinopec), moves a huge tanker loaded with crude from Libya's Abu Attifel field to meet demand in Southeast Asia.
The UAE’s “Masdar” acquires 50% of the American “Terragen Power”.
Abu Dhabi Future Energy Company, Masdar, said on Tuesday that it had signed a final agreement to acquire a 50% stake in Terra-Gen Power Holdings.
“America” intends to refill the strategic oil reserve by the end of 2024
The United States Secretary of Energy, Jennifer Granholm, announced on Monday that the United States intends to replenish its strategic oil reserves by the end of 2024.
Chinese “Sinochem” purchases the first shipments of crude via a Canadian pipeline
Sinochem Group, a Chinese conglomerate involved in the production and trading of chemicals, fertilizers, and oil exploration and production, has purchased its first shipment of crude oil.
Extending the deadline for submitting bids for the second “Taqa” solar station project in “Jordan”
The Jordanian Ministry of Energy and Mineral Resources announced an extension of the deadline for submitting bids for the project to establish the second “Taqa” solar station in Azraq
The Abu Dhabi Department of Energy’s report for 2023 revealed the exceptional performance of the emirate’s electricity network. It has achieved advanced reliability indicators comparable to the best global networks.
Chinese scientists develop a new strategy for producing green hydrogen
A team of Chinese scientists has developed an innovative renewable energy strategy to generate green hydrogen, using energy found between seawater and freshwater with high efficiency.
The UAE Minister of Industry emphasizes strengthening efforts to reduce emissions globally
As part of his honor during SERA Energy Week, Dr. Sultan Al Jaber, UAE Minister of Industry and Advanced Technology and President of the Conference of the Parties 28COP, confirmed
“Croatia” records good rates in the field of renewable energy
Secretary General of the Ministry of Economy and Sustainable Development of Croatia Ivo Milatec announced his country's intention to make progress in the field of renewable energy for the year 2024; Companies operating in the solar and wind energy sector were granted support
“Matrix” signs a partnership agreement with “Engecon NV” in the field of ammonia
Matrix Service has signed a partnership agreement with Ingecon NV; To work together to create infrastructure specialized in green ammonia on the European continent.
Expectations of an increase in US oil production
ConocoPhillips CEO Ryan Lance said at the Sierra Week conference that he expects the amount of US oil produced by the United States to rise to 14 million barrels per day.
Instead of the Russian… “India” is turning to American oil
Kpler announced that India has imported the equivalent of 7 million barrels of US West Texas Intermediate crude since the beginning of March. Which means that this amount is the largest since May 2023.
“France”: “Life” receives financial support to build a green hydrogen production plant
The French government announced that Life Company has received financial support to build a factory aimed at producing green hydrogen, with a production capacity of about 100 megawatts. The factory is located in the Le Havre region.
Oil prices stabilize as markets focus on US interest and inventories
Oil prices witnessed a state of stability, especially after achieving gains that continued for two days. One industry group stated a decline in US crude inventories
“Sudan” plans to abandon the government’s monopoly on electricity production
The Sudanese Minister of Energy and Oil, Mohieddin Naeem Mohamed Saeed, said that he is currently working to break the government’s monopoly on electricity production in Sudan.
An alliance of 8 international companies to develop natural gas projects
Eight international companies have formed an alliance aiming to develop natural gas and expand its production. In light of this, the companies participating in the alliance concluded a memorandum of understanding aimed at increasing awareness about synthetic gas supplies.
International expert: Green hydrogen will play a major and pivotal role in the future
International expert in the field of renewable energy and energy transition, Ali Shaknan, stated that green hydrogen has a pivotal and major role in the safe transition process
A Chinese company leads a consortium to build a solar plant to operate mines in South Africa.
A Chinese company has formed an alliance to build a solar energy station to operate mines in South Africa and is affiliated with the African Rainbow Minerals company. The company recently announced the suspension of expansions in other projects.
The “Egyptian-European” summit focuses on gas and hydrogen
The "Egyptian-European" summit, which began on Sunday, March 17, 2024, focused on gas and hydrogen, as they are the optimal and most suitable fuel for the current global conditions.
A British company supports mining in Morocco
The mining sector in Morocco receives great attention from international companies, and Morocco hopes to maximize the benefit of the rich country’s resources with the aim of producing rare metals.
Expectations for peak oil demand decline as US production continues to grow
A recent Bloomberg Intelligence poll showed that forecasts for peak oil demand are 11 years behind their previous peak, with a declining share of respondents expecting it to occur before 2035.
Fuel is at the forefront of discussions at the “SeraWeek” conference in the United States
The annual SERA Week Conference, one of the largest energy conferences in the world, was launched last Monday in the American city of Houston. The conference attracts senior executives in the oil sector and oil ministers.
China's CNOOC announces the second huge oil discovery within 10 days
The Chinese company "CNOOC" announced the discovery of the second largest huge oil discovery, within a period of only 10 days, as it intensifies its investments to develop offshore oil and gas reserves in China.
US crude oil exports rise to a record level in 2023
US crude oil exports recorded new record levels during the past year 2023, rising by 482 thousand barrels per day on an annual basis, and this was supported by increased production.
Global demand for oil fell during the month of January, reaching 1.7 million barrels per day
Global demand for oil decreased during January 2024, led by Japan, Indonesia, and the United States of America, in addition to a decline in global production.
Oil production in Libya will rise to 1.5 million barrels per day by the end of 2025
Libya expects an increase in Libyan oil production to exceed the barrier of 1.5 million barrels, and this comes before achieving the main declared goal of producing about two million barrels per day within 3 years starting from this year.
“China” records the highest levels of crude oil refining with increasing domestic demand
China achieved a major achievement by recording the highest levels of crude oil refining at the beginning of this year, in preparation to meet the increasing demand for fuel during the Lunar New Year holiday.
Iraqi oil exports to the United States suddenly decreased
Data issued by the US Energy Information Administration (EIA) revealed a sudden decline in Iraqi oil exports to the United States during the past week.
Arabian Drilling Company achieves record profits supported by its new marine fleet
Arabian Drilling Company, listed on the main Saudi stock market “Tadawul,” achieved an exceptional achievement by achieving record net profits amounting to 605 million riyals in 2023.
Iran defies sanctions and concludes contracts worth billions of dollars to boost oil production
Iran has concluded huge contracts worth $13 billion with local companies to boost its oil production. These deals, which the official Shana news agency described as “Iran’s largest oil contracts in the past decade,” aim to...
Gunvor expects Russian refined oil to decline by 600,000 barrels per day
Torbjørn Tornqvist, CEO of Gunvor, said that the Ukrainian attacks on Russian oil refineries and oil terminals - which occurred last week
The Emirati “ADNOC” exports liquefied natural gas to the German “SEVI” for 15 years
The UAE company ADNOC signed an agreement with the main terms between it and the German company Sivvi to transport liquefied natural gas from a facility in the Ruwais area in Abu Dhabi to Germany, starting in 2028 and for a period of 15 years.
Morgan Stanley: raised oil price expectations for the third quarter by 12.5% per barrel
Morgan Stanley updated its forecast for Brent crude oil prices for the third quarter of 2024, as it expected the price of a barrel to be $80, but after the update, it expected the price of a barrel to reach $90.
Europe faces a rise in natural gas prices as temperatures drop
European natural gas prices rose for the fourth day in a row, while European natural gas futures prices rose by 7.7%.
“Total Energy” reviews its contracts for solar energy generation
The French company Total Energy issued statistics on the number of contracts concluded by the company regarding solar energy
The head of the Egyptian Electricity Transmission Company, Sabah Mashaly, announced that Egypt will conduct a tender to establish an electrical interconnection project between Egypt and the European Union, passing through Greece
Oil prices rose to their highest level this month
Oil prices recorded an increase this week, thus recording the highest increase this month; Brent crude reached $86 and West Texas Intermediate crude reached $81
After the end of their lifespan, two companies cooperate to recycle solar panels
Iberdrola and FCC Ampeto have collaborated; To fully recycle solar panels 100% after the end of their life.
Oil prices are seeing a rise in prices
Black oil prices witnessed a noticeable increase over the past week; It crossed the barrier of $85 per barrel in Thursday’s trading session, for the first time since last November.
“Tehran” signs huge deals to develop 6 oil fields
Iran signed huge deals to develop 6 oil fields yesterday, Sunday, March 17, 2024, with investments exceeding 13 billion dollars. These deals aim to increase oil production in Iran by about 350 thousand barrels per day.
“ExxonMobil” announces a huge oil discovery off “Guyana”
ExxonMobil announced a huge oil discovery in the waters off the coast of Guyana, a country located in South America. This discovery, which was called “Bluefin”, is considered a new oil treasure.
Shent Sustainable Energy Company chooses Dubai as its regional headquarters
Shent Sustainable Energy Company announced the establishment of its regional headquarters in Dubai, in line with its expansion strategy in the Middle East and Africa.
“Huajin Aramco”: A Chinese-Saudi project is entering the intensive construction phase
The Huajin Aramco petrochemical project - a priority project for Chinese-Saudi energy cooperation - has entered the intensive construction phase, and is a mega project in northeastern China, according to Xinhua.
“Kuwait Petroleum” buys 50% of the Italian “Ecofox” to manufacture organic fuels
Kuwait Petroleum International Company, Italy branch, announced the signing of an agreement to purchase a 50% stake in the Italian company “Ecofox”, which specializes in manufacturing organic fuels.
A partnership between “Framatom” and “Rosatom” to supply nuclear fuel
The French company "Framatom" announced that it had contracted with the Russian company "Rosatom" to provide it with the necessary technologies for the nuclear industry needed to operate nuclear power plants in a number of European countries.
Turkey depends on Russian coal to generate electricity
The International Energy Research Center "Ember" published a report on Turkey's dependence on coal for electricity generation. The report said that 36% of electricity in Turkey is generated from coal, up from 25% in 2013.
A Polish company invests $16 billion in electricity transmission
The Polish electricity company PSE announced that it will invest approximately $16 billion; With the aim of developing the electrical interconnection network and delivering electricity based on clean energy sources such as nuclear, solar and wind energy.
The European Union is about to impose sanctions on the import of Russian gas
The European Union Energy Commission, Cadre Simpson, said in its meeting in the United States that the Union is working to put pressure on importers of Russian gas in Europe. With the aim of reducing imports from Russia
Honda and Nissan are cooperating to confront Chinese progress in electric cars
Honda and Nissan plan to join forces and work together on electric vehicle technology at a time when the Japanese automaker is trying to catch up with Chinese competitors.
A Chinese company plans to establish a green hydrogen station in Vietam worth $2.4 billion
The Chinese "HUADIAN" group plans to cooperate with Vietnam in establishing a green hydrogen plant worth $2.39 billion in the central province of Quang Tri, and the Chinese company submitted its proposal.
“Colombia” launches new incentives to convert cars to run on natural gas
Converting cars to run on natural gas is witnessing great demand, especially among residents of Colombia in South America, and this came after the government’s decision to cancel gasoline subsidies in addition to providing tax exemptions for cars that run on gas.
“Total” finishes preparing the American “Port Arthur” refinery to return to work within days
The French company Total Energy completed preparing the American Port Arthur refinery to operate within days, and this came after it was disabled earlier this month.
The volume of oil production in OPEC countries within 4 months
Oil production in Algeria increased during February 2024 by 6 thousand barrels per day, especially after declining for 3 consecutive months.
“OPEC”: The International Energy Agency’s forecasts are “promising”
After expectations of oil demand in 2024 differed by OPEC and the International Energy Agency, OPEC stated that despite the low expectations of the Energy Agency, it sees them as promising.
German energy company RWE's profits are expected to decline in 2024
The German energy company RWE announced that it expects its profits to decline by 30% in 2024, after the decline in global energy prices, in addition to its expectation of a decline in profits for the trading division.
The British company Harbor Energy has discovered a natural gas field in the North Sea, specifically off the coast of Norway. The volume of gas in that field is estimated to range between one million and three million cubic metres.
A German company invests 42 billion euros in energy infrastructure in Europe
The German company "EON" announced that it will make huge investments in the field of clean energy and green transformation in an amount that may reach 42 billion euros.
The results of a new survey of energy market traders conducted by Bloomberg Intelligence revealed radical shifts in the global automotive market landscape.
A Turkish-Iraqi summit in Baghdad to discuss cooperation in energy and security
A group of senior Turkish and Iraqi officials are meeting in the Iraqi capital, Baghdad, to discuss cooperation files in the fields of energy, security, and defense, as part of the two countries’ efforts to strengthen their intertwined relations.
Larsen & Toubro wins the contract to implement a major pipeline project
Larsen & Toubro (L&T), an Indian engineering and contracting company, announced that it has been awarded a major contract to implement an onshore gas pipeline project in the Middle East.
Dubai Electricity achieves an important achievement in reducing carbon emissions
Dubai Electricity and Water Authority has achieved an important achievement in its efforts to achieve carbon neutrality by 2050, by significantly reducing carbon emissions from its production operations.
Improving solar cells…a new revolution in the field of renewable energy
Improving the efficiency of solar cells that convert light into electricity is one of the challenges that scientists are seeking to address, in light of the increasing demand for renewable energy sources.
US oil inventories suddenly fell last week
The US Energy Information Administration released a report showing a surprise drop in crude oil inventories over the past week; It fell by 1.5 million barrels to reach 447 million barrels
Eni divests some of its oil assets in Congo
The Italian company Eni announced the completion of an important deal aimed at divesting some of its oil assets in the Republic of the Congo, as part of its efforts to change its focus towards more profitable projects that are less harmful to the environment.
Discussions between “Algeria” and “Azerbaijan” to move towards clean energy
The Minister of Foreign Affairs of Algeria, Ahmed Attaf, spoke during his meeting with the Special Envoy of the President of the Republic of Azerbaijan, Elchin Amirbayov, about aspects related to the issue of transition towards clean energy.
“Chevron” plans to drill “Narges 2” in the Mediterranean Sea at the end of 2024
The American company "Chevron" is working to drill the first well to extract natural gas from the Narges 2 field in deep water in the Mediterranean Sea during the last quarter of 2024.
The company implementing the largest marine electricity line project linking the Kingdom of Morocco with Britain denied the existence of any decision to cancel the project.
Orsted announces the sale of its shares in 4 American wind farms
The Danish company "Orsted" announced the sale of its shares in 4 onshore wind farms in the United States, with the total capacity of the farms reaching about 957 megawatts.
An Italian deal to launch an electricity company worth $1.3 billion
A2A and E-Distribution have signed an agreement in the field of electricity in Italy worth $1.3 billion. The deal includes the creation of a new electricity transmission company.
Chinese official: We are open to cooperation with “Russia” in the energy sector
The Chinese ambassador to Moscow, Zhang Hanhui, has confirmed that his country is open to expanding cooperation in the energy sector with Russia at all levels and phases
Hot rocks: Will they become an alternative to conventional fuels?
Many researchers are working on studying climate change and limiting it. One of these studies addresses the effects of fossil fuels
The rocks can glow like the sun; will this be a way to stop fossil fuels?
The first intelligent person moved a rock away from a fire at some point in the dawn of humanity to stay warm and created the thermal battery
Egypt signs framework agreement with ACWA Power to produce green hydrogen
The Egyptian government signed a “framework agreement to develop a green hydrogen project in the Suez Canal Economic Zone”
The UAE signs an agreement to export one million tons of LNG to a Chinese company
Abu Dhabi National Oil Company (ADNOC) signed on Wednesday, December 20, 2023, an agreement to export one million tons of liquefied natural gas per year to one of the Chinese companies
The UAE announces a new gas discovery in Indonesia
On Tuesday, December 19, 2023, the UAE-based Mubadala announced a new massive gas discovery in Indonesia
Global Coal Demand Decline Crisis
The International Energy Agency (IEA) predicted in its annual coal market report, published in late 2023, that global coal demand would decline by 2026
An African-European debate over fossil fuels
The conflict is always escalating between African and developed countries, especially in terms of global responsibility toward shared issues
Arab Energy Conference: steps toward carbon neutrality
The Organization of Petroleum Exporting Countries (OPEC) held, in Doha, State of Qatar, from December 11 to 12, 2023, the 12th Arab Energy Conference under the slogan “Energy and Global Cooperation”
Finance, oil, and carbon: three hot topics on the COP28 agenda
The three core components of any global summit, including Cop 28, which is being held in the United Arab Emirates till December 12th, are "financing," "oil," and "carbon."
The UAE builds the largest two-gigawatt solar power plant
The UAE has announced plans to build Al Dhafra station, which will be the largest solar power plant with a capacity of 2 gigawatts.
COP28 UAE: Nuclear Energy Tops the Agenda
The role of nuclear energy in achieving sustainable developmentis a topic that sparks heated debate among experts and the general public alike.
Egypt to host “EGYPES 2024” in February
Cairo will host the Egypt Energy Show "EGYPES 2024" with the slogan "Energy Stimulus: Securing Supplies, Energy Transition, and Reducing Emissions" from February 19–21, 2024.
Egypt exports the first ammonia shipment
Since there is a global trend toward exploring and using alternatives to non-renewable energy like coal, oil, and gas
The agency is interested in studies of energy security, and its political and geopolitical effects, as well as the effects of energy security on stability in the system and international peace.