Category :Energy

Energy News Oil & Gas World

Oil rises as tight market looks to Russian-Western diplomacy

Global Business Magazine February 21, 2022

Oil prices rose slightly on Monday as fresh diplomatic efforts to resolve the Ukraine crisis provided some relief from supply concerns that Read More

Energy News Regional

UAE firm-led consortium eyes $1.5 Billion Solar Powered Desalination Plant

Global Business Magazine February 18, 2022

STANDFIRST: The UAE-headquartered Metito Holdings Ltd., Norway’s Scatec Solar and Egypt’s Orascom Construction are in talks with Egypt to construct Read More

Energy News Oil & Gas Regional

Qatar LNG exports down on mega train unplanned outage

Global Business Magazine February 18, 2022

Exports of liquefied natural gas (LNG) from Qatar's Laffan liquefaction plant have been lower over the past few days as one of Read More

Energy News Oil & Gas World

Oil slides 2% as Iran talks offset Ukraine crisis

Global Business Magazine February 18, 2022

Oil prices fell about 2% on Thursday as talks to resurrect a nuclear deal with Iran entered their final stages and could unlock Read More

Environment Energy News World

Facing Texas pushback, BlackRock says it backs fossil fuels

Global Business Magazine February 18, 2022

At the risk of being dropped from Texas pension funds, BlackRock Inc (BLK.N) has ramped up its message that the world's Read More

Energy News Oil & Gas Regional

IEA’s Birol again urges OPEC+ to narrow gap between oil

Global Business Magazine February 16, 2022

The Organization of the Petroleum Exporting Countries (OPEC) and their allies, known as OPEC+, needed to narrow the gap between their oil Read More

Energy News Regional World

Tighter oil market confirmed by IEA demand revision

Global Business Magazine February 15, 2022

An upward revision in historical oil demand by the International Energy Agency in its monthly report points to a tighter global market Read More

Energy Featured News Regional

UAE Energy Firm Plans Water And Power Projects in Egypt

Global Business Magazine February 15, 2022

The UAE’s energy company AMEA is planning to set up one each water desalination and green hydrogen project in Egypt. AMEA Read More

Energy Featured News Regional

Hassyan Power Complex Adds 1,200 MW To Its Production Capacity

Global Business Magazine February 14, 2022

Dubai Electricity and Water Authority (DEWA) has disclosed that the current production capacity of Hassyan Power Complex reached 1,200 megawatts (MW), using the Read More

Energy Featured News Regional

Boost For Saudi Renewables After Aramco Transfers Shares To PIF

Global Business Magazine February 14, 2022

When Saudi Arabia’s Crown Prince Mohammed bin Salman announced transfer of Saudi Aramco’s 4% shares to state-owned Public Investment (PIF), it Read More