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Posted inEnergy Transition

Largest energy organisations gather to address climate change

by Carla Sertin

Organisations from across the energy industry, including OPEC and the GECF, held a roundtable to address their role in taking climate action

The Gas Exporting Countries Forum (GECF), the global platform of the leading gas producing countries, on Monday joined OPEC, non-OPEC, and a plethora of other international energy organisations to present a unified front on the advancement of natural gas as part of a balanced energy solution to achieve sustainable development goals. The OPEC-hosted Ministerial Roundtable […]

Posted inEnergy Transition

Is the circular economy transition fast enough?

by Carla Sertin

Only 12.1% see digital technologies as a key driver of circular economy transformation

Recent survey by DNV and World Business Council for Sustainable Development (WBCSD) reveals that circular economy is rising on corporate agendas across geographies. Despite the growing attention in the public, among legislators and companies, the shift to ‘circular economy‘ business models that design waste out of the system seems to progress slowly.  “So far, growing […]

Posted inThe Middle East Energy Awards, Events

Submit your nominations for the Middle East Energy Awards

by Carla Sertin

You could be the next big winner at the Middle East Energy Awards

The Middle East Energy Awards will return on 24 November in the UAE, and nominations are now officially open. The awards brings together industry leaders from across the energy sector to recognise excellence in the past year. Covering the upstream, downstream and utilities sector, including renewables, the awards include a wide range of categories to […]

Posted inEnergy Transition

Mubadala and Eni sign MoU for energy transition initiatives

by Carla Sertin

The scope of the cooperation covers potential joint opportunities in the Middle East, North Africa, South East Asia, Europe and other regions

Mubadala Petroleum and Eni signed a Memorandum of Understanding (MoU) aimed at identifying cooperation opportunities in the energy transition sector, including the fields of hydrogen and carbon capture, utilization and storage, that align with their respective decarbonization targets. The scope of the cooperation covers potential joint opportunities in the Middle East, North Africa, South East […]

Posted inEnergy Transition

Tadawul and PIF to establish voluntary carbon exchange in MENA

by Carla Sertin

Saudi Arabia’s Public Investment Fund (PIF) and Tadawul Group plan to establish the Riyadh Voluntary Exchange Platform for offsets and carbon credits in the Middle East and North Africa. “This initiative will come to be the primary destination and main platform for companies and institutes that target reducing their emissions, or contributing towards that, through […]

Posted inEnergy Transition

Aramco joins ACWA Power 1500 MW Sudair Solar Plant

by Carla Sertin

The Saudi Aramco Power Company (SAPCO) joins the consortium led by ACWA Power and the Water & Electricity Holding Company (Badeel), a company owned by PIF

ACWA Power, a leading developer, investor and operator of power generation and desalinated water plants, has announced today the financial close for the 1500 MW Sudair Solar plant, a key project under the Public Investment Fund (PIF) renewable energy program. The launch of the Sudair Solar project was announced at the inauguration of Sakaka PV project […]

Posted inNews

UAE announces roadmap for next 50 years

by WAM

The UAE announced ‘The Principles of the 50’, as part of the ‘Projects of the 50’ campaign, to chart the strategic roadmap for the UAE’s new era of economic, political and social growth. The 10 principles act as guidelines for all UAE’s institutions as the country approaches a new phase of development over the next […]

Posted inExploration & Production

The gap between air pollution pacesetters and laggards in Europe and Central Asia has widened

by Carla Sertin

The Balkans and Central Asia remain hotspots and air quality levels remain dangerous throughout the region

Efforts to tackle air pollution have stepped up in recent years and are bringing dividends in many European countries, but extreme hotspots remain in Central Asia and the Balkans, finds a new report issued today by the United Nations Environment Programme (UNEP) together with the Swedish Environmental Research Institute. Dangerous air quality levels continue to […]

Posted inDRILLING & PRODUCTION

TAQA to conduct strategic review of its international oil and gas business

by Carla Sertin

TAQA's latest strategy focuses on developing its utilities business in the UAE and internationally

Abu Dhabi National Energy Company PJSC (“TAQA”), one of the largest listed integrated utility companies in the region, announced today that it has initiated a strategic review of its oil and gas operations.  Since 2005, TAQA has built a high-quality portfolio of upstream and midstream oil and gas operations in the UK North Sea, the […]

Posted inNews

UAE has ‘most competitive industrial sector in Arab world’: UN rankings

by Carla Sertin

UAE ranked 30th globally in UNIDO index, climbing five places since 2020 and nine places in four years, helping attract interest of international investors

The UAE has the most competitive industrial sector in the Arab world, according to the latest UN global rankings. The country has reached 30th in the world in the 2021 United Nation’s Industrial Organization’s (UNIDO) Competitive Industrial Performance Index (CIP) report which tracks 152 countries. The UAE has climbed five places since 2020 and nine […]