The total number of startup companies operating in the energy sector in the UAE reached about 54 by the end of 2023
Energy
PIF
Saudi’s PIF, Vision Industries ink major renewables deal with Envision Energy
This collaboration aligns with Saudi Arabia’s ambitious goal of localising 75 percent of renewable energy components by 2030
Abu Dhabi
Abu Dhbai’s KEZAD commissions new natural gas network for clients
The new network is developed with an investment of around AED 300 million
Kuwait
Kuwait announces discovery of ‘huge’ oil and gas reserves
Giant Kuwait oil and gas discovery will be major boost to economy
air travel
Green Hydrogen: Air travel could go renewable as future fuel investment skyrockets in UAE, Saudi Arabia
The fuel of the future in news again as a Swedish study shows aircrafts could use it for short and medium flights as early as 2028
Abu Dhabi
ADNOC Gas awards $550 million gas pipeline contracts
ADNOC Gas will manage ESTIDAMA for ADNOC and be paid transmission and operating fees
Abu Dhabi
Fertiglobe wins bid to supply renewable ammonia to European Union
The total contract value, at a delivered price of $1,086 per ton, will potentially be $431.5 million to supply 397,000 tons by 2033
Egypt
Egypt to invest $200mn in oil and gas exploration to boost energy reserves
The agreements are part of the government’s strategy to attract foreign investment in the oil and gas sector
district cooling
Empower’s 8 tips to reduce your electricity bills this summer
Dubai’s global leader in district cooling launches a Summer Campaign to educate its customers
DEWA
DEWA’s IPWP model attracts $11.8bn investment over 10 years
DEWA’s IPWP projects are part of the emirate’s efforts to become a global hub for the green economy
ADNOC
ADNOC signs $3bn green finance facility with Japan Bank for International Cooperation
ADNOC and JBIC agree $3bn green financing facility
5G
e& to build 11,000sqkm private 5G wireless network for ADNOC
The 5G network will connect 12,000 wells to autonomous control rooms and help integrate advanced AI solutions in most remote locations
Abu Dhabi
ADNOC Drilling gets $733mn contract for three innovative island rigs
The ‘walking’ rigs, designed along with China’s Honghua Group, will incorporate industry-leading technology and automation
Dubai
Dubai updates energy demand strategy to push efficiency savings
Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Supreme Council of Energy, issued Directive No. (1) of 2024 updating the strategy
Aramco
Saudi Arabia’s Aramco awards over $25bn of contracts as it looks to massive gas expansion
Saudi Arabia’s Aramco plans a 60 per cent sales gas production growth by 2030
Abu Dhabi
UAE petrol prices drop again for July 2024
UAE petrol prices fall after seeing second successive monthly reduction
Renewable Energy
Saudi Arabia launches geographical survey project for renewable energy sites
Authorities awarded contracts to Saudi companies to install 1,200 stations for measuring solar and wind energy across all regions of the country