OPEC raised its forecast for global oil demand growth for 2023, projecting only a slight slowdown next year, with China and India continuing to drive increased fuel use. In its monthly report issued today, July 13, the group expected global oil demand to rise by 2.44 million barrels per day...
Schneider Electric, the leader in the digital transformation of energy management and automation, together with the International Trade Centre (ITC), a United Nations (UN) agency, and the French NGO Atelier 21, launched a new online training module about the energy transition. Titled “Become a...
Today, the Advanced Technology Research Council (ATRC), the overarching entity mandated to shape Abu Dhabi’s technology R&D ecosystem, along with its subsidiaries ASPIRE and the Technology Innovation Institute (TII), has joined forces with the Abu Dhabi Department of Energy (DoE) to launch...
ENOC Group, a leading integrated global energy player, and QatarEnergy, an integrated energy company today announced a 10-year sale agreement stipulating the supply of up to 120 million barrels of condensates to ENOC Group starting from July 2023. The agreement was signed by QatarEnergy, ...
Dubai has consistently been rated as one of the ‘world’s best cities to drive’ with exceptional ratings in measures like traffic congestion and road and public transport quality. Now, the city is set to add a compelling eco-friendly dimension to its world-leading driving experience with an...
du, from Emirates Integrated Telecommunication Company (EITC), today announced a significant achievement in its sustainability journey as a result of its collaboration with the Emirates Environmental Group (EEG). du has made remarkable progress in EEG's "For Our Emirates We...
Investments in the global oil sector are no longer sufficient, said Haitham Al Ghais, OPEC Secretary General, stressing the need for more investments to fulfill future demand. The global oil sector needs investments of $12 trillion until 2045, as they declined from $500 to $200 billion...
Red Sea Global announced the installation of more than 750,000 solar panels in five solar stations dedicated to the operation of the first phase of the Red Sea Project, which features 16 hotels, retail, and entertainment venues, in addition to other infrastructure facilities, SPA reported, citing a ...
The world is at a critical crossroads in the effort to cut carbon emissions and slow climate change, but current global climate policies are hindering the energy transition, Majid Jafar, CEO of Crescent Petroleum, the region’s oldest and largest private oil and gas company, told ministers and...
Saudi Arabia licensed 53 new factories at a total investment value of SAR 5.8 billion in April, the Ministry of Industry and Mineral Resources said in a statement today, July 5. The ministry indicated that these licenses were divided into seven activities, topped by manufacturing of food ...