Arab

Oil Price

Saudi Arabia Cuts Oil Prices to Asia to Four-Month Low

On Sunday, Saudi Arabia, a leading global oil exporter, reduced crude oil prices for Asian buyers for May deliveries, setting them at the lowest level in four m…

Photovoltaic （PV）

Offshore vs. Ground-Mounted PV

Researchers from Saudi Arabia's King Fahd University of Petroleum & Minerals have conducted a comparative investigation of experimental solar floating photo…

Carbon Capture

Aramco Launches CO2 Dac Test Plant in Saudi Arabia

Saudi Arabian Oil Co. (Aramco) said it has launched Saudi Arabia’s first facility for the direct air capture (DAC) of carbon dioxide (CO2).The facility wi…

Combined cycle power plant

Orascom and Técnicas Reunidas Picked to Build $2.6bn Saudi Power Plant

A 50-50 joint venture between Egyptian contractor Orascom and Técnicas Reunidas of Spain has been chosen to build a 3GW combined-cycle gas-fired power pl…

Photovoltaic （PV）

UAE’s Masdar in Talks on $200 Million Solar Power Deal with Endesa, Sources Say

Abu Dhabi renewable energy company Masdar and Spanish power utility Endesa (ELE.MC), are closing in on a deal that would see Masdar pay around $200 million for …

Combined cycle power plant

Siemens Energy Secures $1.6bn Power Project Deal in Saudi Arabia

Siemens Energy has secured a $1.6bn project to supply essential technologies for the Rumah 2 and Nairyah 2 gas-powered power stations in Saudi Arabia.This order…

Solar project

DEWA Invites Developers to Join Seventh Phase of UAE Solar Park

The Dubai Electricity and Water Authority (DEWA) is calling for international developers to express interest in the seventh phase of the United Arab Emirates’ …

Energy Storage Project

BYD, Saudi Partner on ‘World’s Largest’ BESS Projects

BYD Energy Storage and Saudi Electricity Company (SEC) have recently signed contracts for the world's largest grid-scale energy storage projects, totaling 1…

Virtual power plants

California Bill Introduced to Mandate a VPP Implementation Plan

Assembly member John Harabedian of Pasadena introduced AB 740, legislation aimed at supporting virtual power plant (VPP) advancement in California.VPPs are a sy…

Gas power plant

ACWA to Acquire Engie’s Assets in Bahrain and Kuwait for $693M

The expansion aligns with ACWA Power’s strategy to triple its assets under management to $250bn by 2030.Saudi Arabia-based energy company ACWA Power has signed…

Photovoltaic （PV）

TrinaTracker Establishes 3 GW Factory in Saudi Arabia

Smart solar tracking solutions provider TrinaTracker, a division of China’s Trina Solar, has established a 3 GW manufacturing facility in Saudi Arabia.The…

Battery

BYD, Saudi Arabia Sign 12.5gwh Battery Deal

BYD Energy Storage and Saudi Electricity Company have signed grid-scale energy storage projects contracts totalling over 12GWh.The latest contracts amount to 12…

Oil & Gas Trade

ADNOC Gas Signs 14-Year LNG Agreement With Indianoil for up to $9 Billion

ADNOC Gas has signed a 14-year sales and purchase agreement (SPA) with Indian Oil Corporation for the export of up to 1.2 million tonnes per annum (mtpa) of liq…

Metal

Saudi Arabia’s Maaden Raises $1.25 Billion to Fund Mining Growth

A fork light moves aluminium ingots at the aluminium processing plant at the Saudi Mining Company, (Maaden AB - PLEASE CHECK) mineral industry complex in Ras Al…

Oil Price

Oil Little Changed as Trump Policies Continue to Weigh on Prices

An oil pump of IPC Petroleum France is seen during sunset outside Soudron, near Reims, France, February 6, 2023.Oil prices edged up in Asian trading on Thursday…