OPEC Secretary General stressed that these investments are crucial for ensuring reliable energy supplies for current and future generations
energy investments
Latest in energy investments
downstream
SABIC, OQ, KPI sign agreement for jointly owned petrochemical complex in Oman
The proposed petrochemical complex will consist of a steam cracker and derivative units and a natural gas liquid extraction facility
Amiral
Saudi Aramco announces $11bn megaproject in Jubail
Commercial operation is set to begin in 2027 with construction scheduled to begin in the first quarter of 2023
acquisitions
Saudi Arabia’s PIF acquires 9.5% stake in offshore wind energy developer
PIF’s investment in the energy developer is in line with its efforts to build global economic partnerships and opportunities
Abu Dhabi
Masdar to develop 100MWac solar photovoltaic plant in Turkmenistan
Agreement builds on the MoU signed during Expo 2020; ‘We hope the project will be the first of many Masdar projects in Turkmenistan’ says CEO Al Ramahi
Aramco
Saudi Aramco to invest $7 billion in new South Korea plant
The project, titled Shaheen, is expected to start in 2023 and be completed by 2026
Abu Dhabi
Masdar acquires Arlington Energy to increase its foothold in UK and Europe
The Abu Dhabi renewable energy giant aiming for a major chunk of the estimated 200GW storage capacity requirement in Europe by 2030
Egypt
Egypt’s natural gas export revenues hit $8 billion in FY22
In volume terms, the country has quadrupled its LNG and natural gas exports over the past eight years from 1.9 million tonnes to 7.2 million tonnes, said a report issued by the Cabinet’s Information and Decision Support Centre
Energy
TotalEnergies hope to solve future European energy crises with QatarEnergy deal
The French energy company selected as the first international partner for North Field South LNG project with 9.375 percent participating interest
ADNOC
Fossil fuel underinvestment is ‘recipe for disaster’ says ADNOC chief
ADNOC’s Sultan Al Jaber spoke about the rising oil prices and the need for energy transition, at the Bloomberg Emerging + Frontier Forum 2022 in New York
Amin Nasser
Aramco boss slams oil and gas critics amid global energy transition
Policy makers and stakeholders should recognise that supply of conventional energy is still required over the long-term, the Aramco chief said
Abu Dhabi
Adnoc Distribution to acquire 50 percent stake in TotalEnergies Egypt in $186 million deal
TotalEnergies Egypt is a top fuel retail operator in the North African nation, operating a portfolio of 240 refueling stations, over 100 convenience stores, and 250+ lube changing stations
DEWA
Dubai earmarks $10.9 billion for water, electricity projects in the next five years
Around AED 16 billion in the package will be used to boost electricity and water transmission and distribution networks, while AED 16 million will go to finishing renewable projects
clean energy
DEWA projects under IPP model attracts $10.9 billion
The projects envisage a combined generation capacity exceeding 4,000 MWs
Abdul Latif Jameel Energy
Saudi Arabia’s Abdul Latif Jameel Energy refinances Australian solar farm amid plans to boost renewables capacity
Initiative set to meet energy demands of up to 45,000 homes
Abu Dhabi
Abu Dhabi signs 5-year energy partnership with Colombia focusing on renewables
The agreement will see the DoE and Colombia’s Ministry of Mines and Energy explore funding developments in areas such as hydrogen and large-scale renewable energy
Energy
Masdar-EDF JV to install solar energy system in Abu Dhabi’s marine-life mega project
Major developers in the UAE have increasingly become conscious of energy consumption in recent years, underpinned by rising global pressure to transition to clean energy sources