ADNOC has signed a long-term Sales and Purchase Agreement with Osaka Gas, a major Japanese utility company. This agreement, which covers the supply of up to 0.8 million tonnes per annum (mtpa) of liquefied natural gas (LNG) from ADNOC’s Ruwais LNG project, will last for 15 years. It marks the first long-term LNG sales agreement...
Recent data from Fujairah indicates an increase in distillate volumes, while stocks of residual fuels have decreased. This trend highlights important shifts in the storage dynamics within the UAE’s oil sector. The Fujairah Oil Industry Zone, a key player in the Middle East’s oil storage sector, has released new inventory figures for the week ending...
AMEA Power has signed Capacity Purchase Agreements (CPAs) with the Egyptian government to develop the first standalone battery energy storage stations in Egypt. The projects will have a total capacity of 1,500MWh, which includes a 500MWh battery energy storage system (BESS) in Zafarana and a 1,000MWh BESS project in Benban. These initiatives are expected to...
Oman has announced ambitious plans to launch ten new renewable energy projects between 2027 and 2029, aiming for a combined capacity of approximately 2,300 megawatts (MW). This initiative is part of the country’s broader strategy to diversify its energy sources and decrease reliance on fossil fuels. Additionally, two more projects with a total capacity of...
ADQ and Eni, a multinational energy technology firm with headquarters in Rome, have inked a Memorandum of Understanding. The purpose of this agreement is to pinpoint areas where supply chains and the mining industry can work together. The collaboration demonstrates both firms’ dedication to investigating cutting-edge prospects and solutions in the mining sector. It is...
In April 2025, the Dubai energy and Water Authority (DEWA) will begin sending energy out of the country from its new hydroelectric power plant in Hatta. This project comes after the facility passed its first operating tests, which began in January 2025. The news was shared by Saeed Mohammed Al Tayer, the Managing Director and...
Energy trader and gas carrier owner BGN has successfully doubled its revolving credit facility to $232.5 million, receiving support from the Abu Dhabi Exports Office (ADEX) and First Abu Dhabi Bank (FAB). This significant increase in funding reflects the strong confidence from lenders in BGN’s operations and growth potential. The original facility was set at...
Dubai is going to build a solar plant with batteries to make sure there is always power. This project comes just one month after Abu Dhabi announced its own $6 billion plan to improve clean energy powers. The United Arab Emirates is moving forward with its big goals for renewable energy. The Dubai Electricity &...
Oman’s initiative to become a leading exporter of liquefied hydrogen (LH2) is progressing, with recent feasibility studies confirming the project’s viability. The project aims to establish a seamless export route from Oman to the Port of Amsterdam, enhancing the country’s role in the green hydrogen market. At the World Hydrogen MENA Congress held in Dubai...
UAE-based shallow water offshore drilling contractor Shelf Drilling (SHLF) has announced a partnership with Arabian Drilling, the largest onshore and offshore drilling company in Saudi Arabia. This collaboration aims to enhance their offshore drilling capabilities, indicating a strategic move to widen their operational horizons in the region. The partnership will enable both companies to pool...