Category :Energy

Economy Energy Environment Featured News Regional

Global Wind Energy Adds 117 GW of New Capacity in 2023

Global Business Magazine April 17, 2024

The global wind industry has added a record 117 gigawatts (GW) of new capacity last year, representing a 50% year-on-year increase from 2022, the Global Read More

Economy Energy Featured News Regional

Cap on Crude Oil Output to Continue

Global Business Magazine April 16, 2024

In its efforts to maintain price stability due to uncertain economic conditions, the Vienna-headquartered Organisation of Petroleum Exporting Countries (OPEC) and its Read More

Economy Energy Featured News World

Oil Prices Increase by 12.9% in Q1-2024

Global Business Magazine April 16, 2024

Oil prices increased by 12.9% in the first quarter of 2024, albeit with much volatility due to concerns that global geopolitical tensions will cause Read More

Economy Energy Environment Featured News World

US Announce Plans to Reduce GHG Emissions from Buildings by 2050

Global Business Magazine April 11, 2024

The US government is moving fast to minimise greenhouse gas (GHG) emissions from the buildings setting emission reduction targets of 65% by 2035 and 90% Read More

Business Energy Featured News Regional

Azerbaijan Exports 3.2 BCM of Natural Gas to EU in Q1-2024

Global Business Magazine April 10, 2024

In what should be music to the ears of European Union (EU) member states, Central Asian nation Azerbaijan has exported 3.2 billion cubic Read More

Business Energy Featured News World

Final Investment Decision Made to Develop Norway’s Brasse Oil Field

Global Business Magazine April 9, 2024

DNO ASA, the Norwegian oil and gas operator, on Monday announced that a final investment decision has been made for the development Read More

Economy Energy Featured News Regional

ADNOC Gas Plans to Invest $13 Billion Between 2024 and 2029

Global Business Magazine April 2, 2024

As part its five-year plan between 2024 and 2029, Abu Dhabi National Oil Company (ADNOC) Gas plans to invest over $13 billion in domestic and Read More

Business Energy News World

SINOPEC and TotalEnergies to Develop SAF Unit in China

Global Business Magazine April 1, 2024

TotalEnergies and China Petroleum and Chemical Corporation (SINOPEC) have signed a Heads of Agreement (HoA) to jointly develop a Sustainable Aviation Fuel (Read More

Economy Energy Featured News Regional

Renewables Accounted 43% of Total Installed Power Capacity in 2023: IRENA

Global Business Magazine March 29, 2024

The UAE-based International Renewable Energy Agency (IRENA) has said that renewables accounted for 43% of global installed power capacity in 2023.Read More

Banking Energy Featured News Regional

TAQA and JERA Ink Pact to Develop Industrial Steam and Electricity Cogen Plant for Aramco

Global Business Magazine March 29, 2024

Abu Dhabi National Energy Company (TAQA), one of the largest listed integrated utility companies in Europe, the Middle East and Africa together Read More