Action Energy Company, Kuwait’s leading firm for upstream services and major owner and operator of rigs in the region, has secured a new credit facility and renewed and expanded an existing facility, from two local banks with a combined value of KWD40.9 million ($132.68 million), said the company.
Canada unveiled a clean electricity strategy to double Canada’s power grid by 2050, expand renewable and low-emission energy sources, lower household costs, and address climate, tariff and energy challenges through over $730 billion in infrastructure investment.
EWEC (Emirates Water and Electricity Company) has revealed that it is increasing Abu Dhabi's solar capacity by almost 2,000 per cent between 2020 and 2030, with a forecasted 17.5 gigawatts (GW) of installed capacity.
The Abu Dhabi Department of Energy (DoE) has signed a number of strategic agreements during the Abu Dhabi Infrastructure Summit (ADIS 2026), aimed at strengthening the integration of the emirate’s infrastructure.
The UAE's energy major ADNOC has announced two strategic collaboration agreements with Indian partners, reinforcing the strong and expanding UAE‑India energy partnership.
The UAE is accelerating construction of a major new oil pipeline that will double ADNOC’s crude export capacity through the emirate of Fujairah, strengthening the country’s ability to ship oil to global markets without relying on the strategically vital but increasingly vulnerable Strait of Hormuz.
UAE-based National Central Cooling Company (Tabreed) has reported solid results for the first-quarter with a revenue of AED486 million ($132.3 million) and a net profit of AED78 million ($21.2 million) for the three-month period. Its operational performance and cash generation remained resilient for Q1.
Abu Dhabi-based Mubadala Energy has announced that it has made a final investment decision with Kimmeridge and Canada Pension Plan (CPP) for its Commonwealth LNG project that includes successful closing of $9.75 billion in project financing for construction of the 9.5 Mtpa gas export facility in Louisiana, US.
Two major wind far projects being developed by a joint venture between RWE and Abu Dhabi Future Energy Company (Masdar) off the northeast coast of England have won the Development Consent Order.
Abu Dhabi National Energy Company (TAQA) on Friday reported first-quarter revenue of AED13.7 billion ($3.73 billion), while net income attributable to shareholders remained steady at AED2.1 billion ($571.82 million).
