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Digital innovations will revolutionise energy, other sectors: reportThe transformative impact of emerging technologies, particularly AI, is projected to generate an annual economic value of $11 trillion to $18 trillion, by revolutionising industries such as energy, logistics and manufacturing, according to a new report. The re More… |
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MEPs advocate gas storage refill flexibility to bring down pricesMembers of the European Parliament (MEPs) adopted a draft law that seeks to address speculation on the gas market and bring down prices, by introducing greater flexibility in rules on gas storage refilling, reported WAM. The Industry, Research and Energy Commi More… |
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Interocean Mideast expansion accelerated with key appointmentsSpecialist services provider to the offshore energy industry, Interocean Marine Service (Interocean), has announced the launch of its Middle East entity alongside two key regional appointments to drive continued growth in the region. Reinforcing operations, Ja More… |
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Neste announces sale of Napcon technology to LummusNeste, the world’s leading producer of renewable diesel and sustainable aviation fuel, has signed an agreement to sell its proprietary technology Napcon to Lummus Technology, a global leader in developing technology solutions that make modern life possible and focus on a more sustainabl More… |
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Dragon Oil signs strategic energy project deals with top firmsDragon Oil, a fully owned entity of Dubai government, has signed a series of strategic agreements and MoUs with leading global players including Baker Hughes, Egyptian and Turkish Petroleum as part of its global expansion strategy. These deals, inked at the GO More… |
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L&T emerges lowest bidder for 400kV Kuwait solar projectKuwait's Ministry of Electricity, Water, and Renewable Energy has announced that Larsen & Toubro (L&T) has emerged as the lowest bidder for its Al Shaqaya Solar Power Generation Station 400 kV Overhead Transmission Line (OHTL) project. The leading More… |
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GCC utilities sector could net $22bn in savings through key reformsThe GCC utilities sector has the potential to reduce operational costs by 15% to 30%, which could generate up to $22 billion in savings over the next decade. This can be achieved through a mix of short-term tactical actions and long-term changes to how u More… |
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Acwa Power secures $200m funding for new Saudi HQAcwa Power, a key private water desalination company, a leader in energy transition and first mover into green hydrogen, has announced that it has secured a SAR750 million ($200 million) shariah-compliant term loan facility from Saudi bank Alinma Bank. Acwa Po More… |
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WaHa, Khalifa University partner to advance water techWaHa, a leading climate technology company, and Khalifa University of Science and Technology, announced an enhanced partnership to raise energy efficiency and capability of WaHa Vaporator atmospheric water generation (AWG) technology for water security in the UAE and Middle East. More… |
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BEVs are more efficient than FCEVs: reportFuel cell electric vehicles (FCEVs) are gaining popularity, with sales exceeding 10 million in 2024. However, the report by IDTechEx reveals that battery electric vehicles (BEVs) are more efficient than FCEVs, with triple the energy supplied to a BEV reaching the wheels compared to an FCEV. More… |
