Oman and the Netherlands have formalized three significant agreements aimed at bolstering collaboration in the clean energy sector. These agreements were signed during the state visit of His Majesty Sultan Haitham bin Tarik to the Netherlands, as reported by the Oman News Agency. The first agreement focuses on the establishment of a commercial corridor for...
Eni, the Italian energy company, is investing $360 million to drill two new gas wells in Egypt’s Zohr field. Currently, Eni is utilizing the Zohr-Saipem 10 000 rig to drill slant wells 9 and 13, which represent part of the overall investment totaling $160 million. This ongoing drilling activity is projected to increase the output...
Saudi Aramco has confirmed the discovery of 14 new oil and gas fields, a significant development that enhances the kingdom’s already extensive energy portfolio. This announcement was reported by Reuters, indicating that the discoveries will play a crucial role in bolstering Saudi Arabia’s position in the global energy market. The new fields are expected to...
The United States and Saudi Arabia are progressing towards a preliminary agreement that will facilitate cooperation on the development of a civil nuclear industry in the kingdom. U.S. Energy Secretary Chris Wright announced this development during a press briefing in Riyadh, where he met with Saudi Energy Minister Prince Abdulaziz bin Salman, according to Zawya....
The United Arab Emirates’ renewable energy company, Masdar, has signed two memorandums of understanding with Indonesia’s state-owned electricity company, Persero. These agreements focus on the development of floating solar power projects in Indonesia. One of the key projects involves the establishment of a floating solar power plant at the Jatigede Dam reservoir located in West...
President His Highness Sheikh Mohamed bin Zayed Al Nahyan has reiterated the UAE’s dedication to enhancing global energy security during his discussions with US Secretary of Energy, Chris Wright, in Abu Dhabi. The meeting occurred at Qasr Al Shati and emphasized the strategic relationship between the two nations, particularly in the areas of energy collaboration,...
Mubadala Energy, the Abu Dhabi-based international energy company, has entered the U.S. market by signing an agreement to acquire a 24.1% interest in Kimmeridge’s SoTex HoldCo LLC. This marks a significant step in Mubadala’s ambitious expansion strategy in the energy sector. SoTex holds two key portfolio companies: Kimmeridge Texas Gas, which operates in the Eagle...
The United Arab Emirates’ renewable energy company Masdar has announced the complete acquisition of Greece’s Terna Energy, marking a significant move in its strategy for international expansion. This follows Masdar’s purchase of a majority stake in Terna last year, as the company aims to grow in European markets amid challenges such as high interest rates...
Saudi Arabia’s state news agency has announced that the country’s oil giant, Aramco, has made significant discoveries by locating 14 new oil and natural gas fields in the Eastern Region and the Empty Quarter. This development is particularly important as many major oil producers are currently facing budget constraints due to low prices in the...
Dubai’s Mohammed bin Rashid Al Maktoum Solar Park is attracting significant international interest, with 47 global companies expressing their desire to participate in the development of its seventh phase. This announcement was made by Saeed Mohammed Al Tayer, the CEO and Managing Director of Dubai Electricity and Water Authority (DEWA). According to WAM, Al Tayer...