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Rapid expansion of batteries 'key to meet climate goals'Growth in batteries outpaced almost all other clean energy technologies in 2023 as falling costs, advancing innovation and supportive industrial policies helped drive up demand for a technology that will be critical to delivering the climate and energy targets outlined at the COP28 climate co More… |
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Aramco mulls Rongsheng JV, eyes China downstream dealsSaudi oil giant Aramco has announced plans to set up a new joint venture with Chinese group Rongsheng Petrochemical through its major refinery unit Sasref (Saudi Aramco Jubail Refinery Company). One of the world’s leading integrated energy and chemicals More… |
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EWEC announces partners for 1.5 GW solar projectEWEC (Emirates Water and Electricity Company) has announced the award of its 1.5-gigawatt (GW) Al Ajban Solar PV Independent Power Project to an international consortium. The development of the utility-scale solar power plant was awarded to EDF Renewables and Korea Western Power Company (Kowe More… |
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UAE to add 6.34GW 'green' power capacity by 2030The United Arab Emirates is making continuous progress in the renewable energy sector and the country is expected to add 6.34 gigawatts to its power capacity from green projects between 2024 and 2030, through 12 planned projects, an expert has said. The countr More… |
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Aramco becomes FIFA's Major Worldwide PartnerAramco, one of the world’s leading integrated energy and chemicals companies, has signed a four-year global partnership with FIFA (Federation Internationale de Football Association), the international governing body of football. The company becomes More… |
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Technip Energies wins EPC contract for big Oman LNG projectTechnip Energies, a leading engineering and technology company for the energy transition, has announced that it has secured a substantial contract from global oil major TotalEnergies and Omani group OQ for the Marsa LNG integrated complex in Sohar, Oman. More… |
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Vallourec inaugurates new tubular management yard for AramcoVallourec has opened its new Tubular Management Services (TMS) Yard in Dammam, Saudi Arabia, exclusively for Aramco. The yard is part of a 10-year agreement between the two companies, which was established in 2022. The agreement covers the supply of casing and More… |
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Mitsubishi seals major Kuwait power station contractMitsubishi Power, a key brand of Japanese group Mitsubishi Heavy Industries (MHI), has announced that its consortium with Korea's Heavy Engineering Industries and Shipbuilding Company (Heisco) has clinched a landmark contract from the Kuwait Ministry of Electricity & Water & More… |
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TotalEnergies to acquire 50pc of SapuraOMV in MalaysiaTotalEnergies has signed an agreement with Sapura Upstream Assets (SUA) to acquire its 50 per cent interest in Malaysian independent gas producer and operator SapuraOMV Upstream (SapuraOMV) for a consideration of $530 million, subject to closing adjustments. Closing is expected in the second More… |
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Acwa Power, Socar partner for Azerbaijan's renewable energy growthSaudi-listed Acwa Power and Azerbaijan's State Oil Company, Socar, have signed a Cooperation Agreement to accelerate renewable energy projects in the country. The initial agreement, signed on February 2, 2023, is a significant step towards a sustainable fu More… |
