EWEC (Emirates Water and Electricity Company), a leading company in the integrated planning, purchasing, supply and system despatch services of water and electricity across the UAE, has announced the award of the Taweelah C Independent Power Producer (IPP) project, in Abu Dhabi.
Abu Dhabi National Oil Co (ADNOC) has resumed exports of naphtha in May via the Omani port of Sohar, a Reuters report said quoting traders.
Abu Dhabi-based Global South Utilities (GSU), a resources investment company, announced the project commencement of a 12 MWp solar photovoltaic (PV) power plant integrated with a 70 MWh Battery Energy Storage System (BESS) in Berbera, as part of Phase II of the Green Berbera Initiative.
Nearly one billion people living in the world's most vulnerable economies could face higher living costs, inflation and slower growth as disruptions in the Strait of Hormuz drive up global oil prices, the United Nations Conference on Trade and Development (UNCTAD) has warned.
Global oil inventories could hit critical or historically low levels just ahead of the peak summer demand period if stock draws continue at their current pace, Reuters quoted the head of the International Energy Agency's oil industry and markets division as saying.
OPEC+ oil-producing countries will likely agree a further hike in their output target for July when they meet on Sunday, Reuters said quoting three sources.
Regional benchmarking, data interoperability, and managing market expectations can help the GCC industry transition toward more circular plastics systems, writes Noora Mukhtar, Senior Research Specialist, GPCA
AVEVA, a global leader in industrial software, and Amazon Web Services (AWS) have announced a multi-year Strategic Collaboration Agreement (SCA) to accelerate the delivery of industrial intelligence in the cloud.
O-Green, a green infrastructure platform jointly owned by Naqaa Sustainable Energy and OQ Alternative Energy, said it has achieved the financial close for the largest solar energy project in Oman. The landmark 93MW solar project is being developed in partnership with Madayn at Sohar Industrial City.
South Korea's Doosan Enerbility has announced that it had signed a contract worth KRW837 billion ($556 million) for the second phase of the Jafurah Combined Heat and Power Plant in Saudi Arabia in partnership with Korea Electric Power Corp (Kepco) and Saudi oil giant Aramco.
