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Oil & Gas Trade
US Sanctions Chinese, UAE Firms Skirting Iran Oil Embargo
The United States on Thursday imposed sanctions against 11 Iranian, Chinese and United Arab Emirates companies accused of helping to bypass the American embargo…
Solar Power Plant
ACWA Announces Fin Close for 900-MW PV Project in Dubai
Saudi Arabia’s ACWA Power said today it has signed all financing agreements for the 900-MW fifth phase of the Mohammed bin Rashid Al Maktoum solar project in D…
Energy Investment
Saud Electricity Signs $2.4bn Medium-Term Financing Agreement With 7 Banks
Saudi Electricity Company, the largest utility company in the Middle East and North Africa region, signed on Aug. 26 a syndicated financing agreement worth SR9 …
Solar Power Plant
Noor Abu Dhabi Solar Plant Achieves 2,000GWh Net Power Production
World’s largest single-site solar power plant to reduce Abu Dhabi’s CO2 emissions by one million tonnes, equivalent to taking 200,000 cars off the roads.
Oil Field
Saudi Arabia Announces Siscovery of New Oil, Gas Fields
The two fields, Hadat Al-Hajrah gas field in the Al-Jawf region and Abraq Al-Talul oil field in the northern border region, were discovered by the Saudi Arabian…
Combined cycle power plant
MHPS to Supply Turbines for 2.4GW Combined Cycle GTCC Plant in UAE
Mitsubishi Hitachi Power Systems has secured a contract to supply three M701 JAC generators for Fujairah F3, a 2.4GW gas turbine combined-cycle plant in the UAE…
Gas power plant
Explosion at Gas Pipeline Leads to Blackout in Syria
An explosion on the Arab Gas Pipeline has caused a power blackout in Syria and initial indications point to an attack.
Nuclear Power Plant
The UAE's Newly-Launched Nuclear Power Plant Connects to National Grid
The UAE's newly-launched nuclear power plant connects to national grid.
Crude Oil
Global Oil Demand is Expected to Return to 97% of Pre-Epidemic Levels by the End of the Year
At the OPEC and OPEC+ ministerial video conference that global oil demand is expected to return to the new crown by the end of 2020 97% of the level before the …
Nuclear Power Plant
UAE's Nuclear Power Plant Connects to the National Grid in a Major Regional Milestone
Unit 1 of the UAE's Barakah plant — the Arab world's first nuclear energy plant — has connected to the national power grid.
Energy Storage Project
Azelio And Alec Energy Sign 49MW Energy Storage Deal For Masdar City
Azelio will install a verification project in Abu Dhabi in Q3 2020 together with Masdar and Khalifa University.
Jordan
Jordan and Saudi Arabia Sign MoU to Connect Power Grids
Jordan and Saudi Arabia have reportedly signed a memorandum of understanding by laying out the framework for connecting their electric power grids.
Oil & Gas Trade
OPEC+ Seeks to Defend Oil-Market Gains as Demand Outlook Darkens
OPEC and its allies have achieved the oil-market equivalent of a high-wire act: increasing supply even as demand remains depleted, without crashing prices.
Solar Power Plant
UAE will Build the World's Largest Photovoltaic Power Station
UAE Hydro recently announced that it has completed the bidding for the world’s largest single solar power station AlDhafra photovoltaic power generation projec…
Saudi Arabia
Saudi Aramco Says Profit Fell 73 Percent as Demand for Oil Shrank
Saudi Aramco, the world’s largest oil company, said on Sunday that its quarterly earnings plunged more than 73 percent compared to a year ago, as lockdowns imp…
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