Energy News

Adnoc investing Dh175 billion in mega downstream projects

Hamdan bin Zayed Al Nahyan witnesses groundbreaking ceremony for lower-carbon Ruwais LNG project

$2 trillion investment could convert coal power to natural gas and reduce carbon emissions by 15%

Energy and climate are two sides of the same coin, Crescent Petroleum CEO stresses

Taqa-led consortium to develop two power plants in Saudi Arabia

The two new plants will be developed by respective special purpose entities

Masdar and Socar Green achieve financial close for 760MW of solar projects in Azerbaijan

Construction on solar parks due to complete by the first quarter of 2027

Oil continues to struggle amidst supply glut

Trump’s pro-oil stance sends bearish signal to markets

World faces oil surplus in 2025 on weak demand, IEA says

Sees supply exceeding demand by over 1 mln bpd in 2025

Taqa Group reports Dh6.3 billion net income for the first nine months of 2024

Net income of Dh6.3 billion for nine months, a 13.2% increase

Adnoc L&S nine-month net profit up 27% year on year

Company announced interim 2024 dividend of $136.5 million

Oil bounces back on short-covering after Opec's gloomy demand forecast

Prices hit 2-wk low on Tuesday after Opec's lower demand forecast

UAE: Saudi-based Delmon Industrial Complex to set up Dh50-million plant in Abu Dhabi

The plant will manufacture and supply products to service the needs of oil and gas companies in the region and beyond