PIF-backed Industrialisation and Energy Services Co (TAQA)Â has signed a joint venture agreement with Reykjavik Geothermal to establish TAQA Geothermal Energy LLC, headquartered in Riyadh, Saudi Arabia. TAQA Geothermal will explore and develop geothermal resources in Saudi Arabia and the MENA region contributing to Saudi and Middle East Green Initiatives’ decarbonisation targets. TAQA said in […]
Energy Transition
Posted inNews, Energy Transition
Saudi Arabia awards major contract for emissions-free futuristic city
Saudi Arabia has awarded a five-year contract for consultancy services to Atkins as a delivery partner for THE LINE mega-project, which is currently being developed in northwest Saudi Arabia on the Red Sea. Atkins, a member of the SNC-Lavalin Group, will join THE LINE – the 170km-long sustainable mega-city, which will have no roads, cars or carbon […]
Posted inEnergy Transition
Masdar City’s sustainable community project to create over 2,000 jobs in UAE
Abu Dhabi’s Masdar City has announced the groundbreaking of its 30,000-sq-m sustainable community, The Link, which is expected to create over 2,000 jobs in the UAE. UAE construction company Dutco has been signed up as the main contractor for the project. The sustainable community will be the region’s first net-zero energy shared living and working […]
Posted inEnergy Transition
Investment in low-carbon projects to hit $620 billion this year
Hydrogen and CCUS are expected to see the most significant annual increase in investment
Posted inEnergy Transition
Decarbonisation in the oilfield
Alternative power sources are anticipated to increase steadily in the next decade or two, while the electrification of the oil field continues to grow with the use of fuel cells, electric motors, and other technologies, such as batteries
Posted inEnergy Transition
India approves $2.4 billion hydrogen plan
Green hydrogen is emerging as a future alternative to fossil fuels
Posted inEnergy Transition
Amid record-breaking profits, is ‘Big Energy’ investing enough in sustainable alternatives?
As the world seeks to accelerate progress on climate goals, policymakers are realising that the energy ‘trilemma’ must be addressed
Posted inEnergy Transition
Eni launches new mobility services company
Eni Sustainable Mobility will develop bio-refining, biomethane and the sale of mobility products and services in Italy and abroad
Posted inEnergy Transition
More oil or sustainability goals? Here’s what’s next for national oil companies
Although national oil companies will work on decarbonisation goals, higher investment to ramp up oil and gas production will take centre stage for national oil companies.
Posted inEnergy Transition
FedEx begins electric vehicle trials in UAE
The trial represents the debut of zero-tailpipe emissions vehicles for FedEx in the MENA region
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