Tag: Energy Sector
UAE’s renewable energy capacity will rise to 9GW by 2025: Report
Europe-based independent energy research and business intelligence company, Rystad Energy has stated that the UAE’s renewable energy capacity is set to increase four-fold to...
ADNOC awards offshore block exploration rights to Japan’s Cosmo
UAE’s leading oil firm Abu Dhabi National Oil Company (ADNOC) has awarded the exploration rights for Abu Dhabi’s Offshore Block 4 to Cosmo E&P...
UAE’s Kentech to acquire energy unit of Canada’s SNC-Lavalin
UAE-based Kentech Corporate Holdings has entered into a definitive agreement to acquire the oil and gas business of Canadian global engineering, and construction company...
Saudi Arabia seeks European partners for hydrogen production
The world's largest oil exporter Saudi Arabia is looking to partner with European firms to develop blue and green hydrogen, as the Kingdom moves...
IMF forecasts oil prices to average $50/barrel in 2021
Amidst vaccine roll-outs and growth in the global economy, the International Monetary Fund (IMF) expects oil prices to recover to an average of $50...
Saudi Arabia explores new methods of oil, gas exploitation
Saudi Arabia’s Minister of Energy Abdulaziz bin Salman has stated that the Kingdom is planning to introduce new ways of oil and gas exploitation.
The...
Global energy giants drastically reduced fossil fuel exploration in 2020: Report
Last year, top oil and gas companies sharply slowed their search for new fossil fuel resources as lower energy prices due to the coronavirus...
Japan’s Sumitomo to explore unique hydrogen project in Oman
Japanese leading general trading company Sumitomo Corporation is planning to build a first-of-its-kind hydrogen plant in Oman in collaboration with a local upstream energy company.
Tokyo-headquartered...
