Environment & Energy | Sunday 21 July, 2024 10:35 am

Masdar raises $1 billion through second Green Bond to fund new global renewables projects

Abu Dhabi Future Energy Company – Masdar, the UAE’s clean energy powerhouse, today announced it has successfully raised US$1 billion through its second green bond issuance, under its Green Finance Framework. The announcement comes one year after the company’s first successful issuance of ...

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Environment & Energy | Friday 5 July, 2024 10:50 am

Saudi Aramco sets Arab Crude OSP for August

Saudi Aramco maintained August official selling price (OSP) for its flagship Arab Light crude to North America at $4.85 per barrel, above the Argus Sour Crude Index (ASCI).   The Arab Light price differential for buyers in West Europe has been set...

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Environment & Energy | Tuesday 2 July, 2024 8:46 am

Saudi Arabia announces new oil, natural gas discoveries in Eastern Province, Empty Quarter

Saudi Arabia announced today the discovery of new oil and natural gas fields in the Eastern Province and the Empty Quarter, announced Minister of Energy Prince Abdulaziz bin Salman "Saudi Aramco has discovered two unconventional oil fields, one Arabian light oil reservoir, two natural gas fields,...

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Environment & Energy | Saturday 29 June, 2024 12:57 pm

ACWA Power says 3 PV power plants to cost SAR 1.6B: MD

ACWA Power’s Vice Chairman and Managing Director, Raad Al-Saady, said the construction cost of the three major photovoltaic (PV) solar power projects - Haden, Al-Muwayh, and Al-Khashiby - is nearly SAR 1.6 billion, some of the least expensive in the world.   In an interview with Al ...

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Environment & Energy | Wednesday 26 June, 2024 2:28 pm

Saudi Aramco tops global companies by proved oil, gas reserves

Saudi Arabian Oil Co. (Saudi Aramco) topped by a significant margin the list of the world's largest oil companies in terms of proven reserves in 2022, according to data collected by Statista from company reports. Saudi Aramco's oil and gas reserves are estimated at around 259 billion barrels...

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Environment & Energy | Wednesday 26 June, 2024 2:27 pm

Industry ministry: Maaden, AMAK among 6 winners in 5th mining competitions

The Ministry of Industry and Mineral Resources announced today that six companies won the fifth round of mining competitions. The ministry stated on the messaging platform X that Saudi Arabian Mining Co. (Maaden) and Almasane Alkobra Mining Co. (AMAK) were among the winners. The mining...

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Environment & Energy | Tuesday 25 June, 2024 8:21 am

Saudi Arabia launches geographical survey project for renewable energy sites

Saudi Arabia’s Ministry of Energy launched today, June 24, the geographical survey project for renewable energy sites and awarded contracts to Saudi companies to install 1,200 stations for measuring solar and wind energy across all regions of the Kingdom.On the sidelines of the signing ceremony,...

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Environment & Energy | Friday 21 June, 2024 5:56 am

UAEREP Solidifies its 6 th Cycle Solicitation Document

The UAE Research Program for Rain Enhancement Science (UAEREP) hosted an international assembly of leading scientists, experts, and stakeholders to discuss strategic research thrust areas and outline short- and long-term roadmaps for its 6th Cycle. This cycle will offer grants to up to three...

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Environment & Energy | Thursday 20 June, 2024 5:05 am

NWC announces success of operational plan for 1445 Hajj Season

The National Water Company (NWC) announced the success of its operational and technical plan for water distribution and management for this year's Hajj season 1445H, distributing more than 45 million cubic meters of water to the pilgrims during the season. The CEO of the National Water...

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Environment & Energy | Sunday 16 June, 2024 11:00 am

Federal regulators align to champion AGWA

The Abu Dhabi Department of Economic Development (ADDED) and the Abu Dhabi Investment Office (ADIO) announced a key agreement with the Federal Government of the United Arab Emirates to streamline regulatory approvals for the food and water industry, advancing AGWA (AgriFood Growth and Water...

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