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Photovoltaic (PV)
Saudi Solar Firm Plans Major Output Boost on Green Energy Push
A Saudi-based solar company is planning a massive jump in its production of panels and cells as the kingdom races to meet its ambitious renewable energy targets…
Decarbonization
ACWA Power Signs $1.7bn Finance And Energy Deals
Saudi utility firm ACWA Power is set to increase its capital by SR7.13 billion ($1.89 billion) as part of its strategy to triple assets under management by 2030…
Oil Price
Oil steadied after a two-day decline on the prospect for a further easing of hostilities in the Middle East, with the market shifting its attention to global supply balances and OPEC+’s production out
Storage tanks at the BP Plc Cherry Point Refinery near Blaine, Washington, U.S., on Friday, Nov. 19, 2021. Total U.S. oil stockpiles, including commercial inven…
Photovoltaic (PV)
Saudi Arabia’s 3.7 GW Solar Tender Attracts Lowest Bid Of $0.0129/kwh
Saudi Power Procurement Co. (SPPC) announced this week the shortlisted bidders for the final phase of the fifth round of the Saudi Arabian government's Nati…
Ammonia
ADNOC Takes Over Fertiglobe With $3.6b Stake Acquisition From OCI
Abu Dhabi National Oil Co. (ADNOC) is consolidating its ammonia operations after completing the takeover of its joint venture Fertiglobe PLC, a global fertilize…
Oil & Gas Trade
SUBSEA7 Employs New Installation Method at Aramco’s Giant Offshore Oil & Gas Project (Gallery)
Luxembourg-domiciled Subsea7 has used tugs and soft mooring lines connected to a jacket for barge docking for the first time without the deployment of anchors o…
Offshore Wind Power
Emirati Vessel Provider Wins Contract in European Offshore Wind Sector
Gulf Marine Services (GMS), a UAE-based provider of self-propelled and self-elevating support vessels for the offshore energy sector, has raised its backlog to …
Saudi Arabia
Gensol Engineering Wins Order for Rooftop Solar Project in Dubai
rooftop solar project in DubaiGensol Engineering has been awarded a prestigious contract by UAE's leading sustainable development and clean energy developme…
Solar Cell
Chinese PV Industry Brief: Tongwei Secures 1.17 GW Order in Saudi Arabia
Image: Tongwei SolarTongwei has landed a 1.17 GW solar panel order for Saudi Arabia’s Muwahy project, led by ACWA Power.Tongwei has signed a supply agreem…
Oil Price
Oil prices slide 3% on prospect of more OPEC+ oil
A view shows Atyrau Oil Refinery owned by Kazakhstan's state energy company KazMunayGas in the city of Atyrau, Kazakhstan, November 15, 2023. REUTERS/Turar …
CCS
UAE to unveil national climate plan under Paris pact before COP29
Delegates walk at Dubai's Expo City during the United Nations Climate Change Conference (COP28) in Dubai, United Arab Emirates, December 12, 2023. REUTERS/T…
Energy Investment
Masdar to Acquire Saeta Yield From Brookfield Renewable for $1.4bn
Dr Sultan Al Jaber, United Arab Emirates Minister of Industry and Advanced Technology, chairman of Masdar and COP28 President, and Brookfield chair and Transiti…
Carbon Emissions
Brookfield Raises $2.4 Billion for Climate Fund Backed by UAE
Brookfield Asset Management (BAM.TO), opens new tab said on Monday it has raised $2.4 billion for the Catalytic Transition Fund (CTF), which is backed by the Un…
Renewable Energy
UAE’s Masdar Buys Brookfield’s Saeta Yield in $1.4 Bln Deal
Power-generating windmill turbines are surrounded by fog at a wind farm in the mountains of Galicia region, near Villalba, Spain March 20, 2024. REUTERS/Nacho D…
Oil&Gas Drilling
Egypt Aims to Restore Normal Output at Gas Fields by Summer 2025
Egyptian Prime Minister, Mostafa Madbouly, speaks during the World Governments Summit, in Dubai, United Arab Emirates, February 12, 2024. REUTERS/Amr Alfiky/Fil…
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