The financial system, governance and regulation of mineral exploration and mining must be reformed to ensure greater capital flows and a clean energy transition, say the authors of a new report by the UN Environment Programme-hosted International Resource Panel.
Sustainability Forum Middle East (SFME), a regional platform dedicated to driving net zero and nature positive solutions, in partnership with Boston Consulting Group (BCG), hosted a high-level roundtable on “The Future of Energy: Scaling Green Nuclear, Renewables & Funding Mechanisms”, marking the latest event in SFME’s 2025 Decarbonisation Roundtable Series.
Penspen, an engineering and energy services consultancy, has announced record performance in the Middle East & Africa (Mena), securing project management consultancy and engineering contracts worth more than $400 million so far this year.
Algeria will invest $60 billion in energy projects between 2025 and 2029 as part of a large-scale strategy to boost oil, gas and hydrogen development, Energy and Mines Minister Mohamed Arkab said.
Saudi Arabia has restored oil flows through its strategic East-West Pipeline to 5.8 million barrels per day (bpd), strengthening the Kingdom’s ability to move crude to global markets.
Saudi energy company Tarshid said it has completed an energy efficiency retrofit project at Jazan University in the kingdom.
Saudi Arabia and Bahrain discussed ways to strengthen industrial co-operation and deepen bilateral economic ties during talks in Manama, reported SPA. The meeting took place during Saudi Energy and Industry and Mineral Resources Minister Prince Abdulaziz bin Salman's visit to Bahrain.
Renewable electricity generation is expected to more than double globally by 2030, driven by solar PV growth, according to the International Energy Agency (IEA). Despite supply chain issues and financial pressures, global renewable power capacity could rise by 4,600 GW, equivalent to the total capacity of China, the EU, and Japan combined.
Mubadala Energy, the Abu Dhabi headquartered international energy company, has announced tangible progress across key Environmental Social and Governance (ESG) drivers, including a 36.5 per cent reduction in Scope 1 and 2 greenhouse gas (GHG) emissions in 2024.
Global oil inventories have depleted to "scarily thin" levels, and rebuilding the world's energy buffers could take up to two years once vital shipping lanes reopen, Saudi Aramco President and CEO Amin Nasser warned Monday.
