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Arab
Solar Power Plant
Saudi Aramco Joins Local 1.5 GW Solar Project with a 30% Stake in Renewables Push
Saudi Aramco is investing, alongside the country's sovereign wealth fund and Riyadh-based ACWA Power, in the oil exporter's largest solar project with a capacit…
Oil Price
Aramco Posts Nearly 300% Leap in Second-Quarter Profit as Oil Demand Recovers
Saudi state oil giant Aramco reported a stunning 288% increase in net income to $25.5 billion for the second quarter, while maintaining its dividend of $18.8 bi…
Wind Farm
Saudi Arabia’s First Wind Farm Begins Electricity Production
Dumat al-Jandal, the region’s largest wind farm, has been connected to the grid and began producing carbon-free electricity.
OPEC
Opec+ Adds Around 700,000 b/d in July
The Opec+ group added 680,000 b/d to its crude output last month, boosted by higher quotas and the end of Saudi Arabia's extra cut.
Oil Price
Saudi Aramco Hikes Oil Prices to Asia for Second Consecutive Month
The pricing of Saudi crude oil generally sets the trend for the pricing for Asia of other Gulf oil producers such as the United Arab Emirates, Kuwait, Iraq, and…
Hydrogen Fuel Stations
PowerTap Eyes over 100 Hydrogen Stations in Middle East in Two Years
Plans are part of PowerTap’s recent partnership with Viridian Hydrogen UAE to help establish a hydrogen ecosystem in the UAE and throughout the Middle East.
Solar Power Plant
World’s First Solar/Thermal Energy Storage-Powered Project to Extract Water from Air at Masdar City
The world’s first project to produce commercial volumes of an uninterrupted water supply from a sustainable source will launch this month in Masdar City in Abu…
Nuclear Power Plant
Federal Authority for Nuclear Regulation Reviews Barakah Nuclear Power Plant Progress
The Board of Management of the UAE’s Federal Authority for Nuclear Regulation was briefed on the latest updates of the four units of the Barakah Nuclear Power …
Oil Price
Saudi Arabia's Oil Exports Climb 147 per cent to $16 billion in May
The value of Saudi Arabia's oil exports in May increased 147 per cent to just over 60 billion riyals from a year earlier while non-oil exports rose by 70 per ce…
Oil & Gas Trade
Value Of Saudi Oil Exports Jumps 147% In May
Higher oil prices and higher exports resulted in a 147-percent jump in the value of Saudi Arabia’s oil exports in May 2021 compared to May 2020。
Substation
DEWA Inaugurates Three New Substations
Dubai Electricity and Water Authority has commissioned three new substations with a conversion capacity of 450 megavolt-amperes.
Solar Power Plant
Armenia Looks At UAE To Help Build Major Solar Plants
The Armenian government is looking to expand the country’s renewable energy capacity with an ambitious plan to build two new solar power plants.
Power Construction
Saudi Arabia Seeks To Boost Electric Grid With New Funding
A Japanese bank syndicate $500mn will be used to make the Saudi electricity sector more sustainable and aligned to the national economic goals
OPEC
OPEC+ is Boosting Oil Production, Ending Dispute that Shook Energy Markets
OPEC+ agreed to increase oil production Sunday, as demand roars back and prices surge, ending a dispute between the United Arab Emirates and Saudi Arabia.
Nuclear Power Plant
UAE’s Nawah and Westinghouse Signs Support Agreement for Barakah Nuclear Energy Plant
Nawah Energy Company, the Emirates Nuclear Energy Corporation’s Joint Venture nuclear operations and maintenance subsidiary announced in a statement that it ha…
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