Consortium plans to develop $5bln UAE-Oman-India undersea pipeline
South Asia Gas Enterprise (SAGE), a consortium of companies in deepwater pipeline projects, is planning a $5 billion undersea liquefied natural gas (LNG) pipeline from the Gulf to India. The consortium has sought help from India’s Ministry of Petroleum to develop the pipeline, Financial Express reported, citing SAGE director Subodh Kumar Jain. The project’s technical […]
COP28 President-Designate convenes CEO decarbonisation roundtable at UAE Climate Tech Forum
COP28 President-Designate Dr. c convened a CEO roundtable on the sidelines of the UAE Climate Tech forum, bringing together oil and gas, heavy emitting industries, technology providers, bankers and financial institutions to discuss, debate and find tangible solutions to address the urgent need for decarbonisation and emissions reduction. The roundtable follows the call to […]
ADNOC Drilling posts 25% jump in Q1 net profit
ADNOC Drilling Co., a subsidiary of Abu Dhabi’s state oil company ADNOC, reported a Q1 2023 net profit of $219 million, 25% higher year-on-year (yoy) on the driven by onshore and oilfield services segments. The net profit fell shy of analysts’ mean estimate of $229.50 million, according to data compiled by Refinitiv’s Eikon. Revenue for […]
Abu Dhabi to implement Demand Side Management regulations from 1 July
Abu Dhabi’s Department of Energy announced that it aims to implement its Demand Side Management (DSM) regulations from 1 July 2023. These regulations form a comprehensive framework for designing, implementing, and evaluating energy and water efficiency initiatives related to DSM, DoE said in a press statement. Additionally, the new regulations will better allocate or rationalise […]
UAE’s SirajPower completes 3.9MWp rooftop solar plant for Al Tajir Glass Industries
UAE-based distributed solar company SirajPower announced on Tuesday the successful completion of the solar rooftop project at Al Tajir Glass Industries’ manufacturing facility in the Jebel Ali Industrial Area. The 2.9-megawatt peak (MWp) solar plant, fully financed and operated by SirajPower, is expected to generate an impressive 4.6-gigawatt hours (GWh) of clean energy annually, the […]
EWEC to conduct its Q2 2023 Clean Energy Certificates auction
Emirates Water and Electricity Company (EWEC) has announced the Q2 auction for Clean Energy Certificates (CECs), which is set to be conducted in Abu Dhabi, with registration now open and the auction closing on 14th June 2023. As the registrant and auction operator, EWEC is responsible for implementing the CECs scheme. It offers a viable […]
Abu Dhabi entity to invest $30.79mln to provide clean power to 7 million British homes
Abu Dhabi-based diversified utilities and energy group will invest Dh113 million (£25 million) in a renewables project that will supply 8 per cent of the UK’s electricity needs and power 7 million British homes in future. Abu Dhabi National Energy Company (TAQA) has committed to Xlinks First Limited’s plans to lay the world’s longest high-voltage […]
Acciona partners with Orsted to develop construction solutions for offshore wind projects
Spanish engineering and construction company Acciona announced on Wednesday that its infrastructure division has signed a memorandum of understanding (MOU) with Denmark’s Ørsted, a global renewable energy company and leader in offshore wind, to jointly develop solutions to address the challenge of manufacturing large-scale foundations for offshore wind farms. The agreement includes the development of […]
Abu Dhabi TAQA places $1.5bln in dual tranche notes
Abu Dhabi National Energy Co. (TAQA) has placed an aggregate of $1.5 billion in 5-year and 10-year dual-tranche senior unsecured notes. The $1billion 10-year notes which will mature on 24 April 2033, were issued at a coupon rate of 4.696%, the integrated utility firm said in a statement on Tuesday. They represent TAQA’s first green […]
COP28 President-Designate calls on G7 Countries to deliver on practical, inclusive energy transition
Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and COP28 President-Designate, while attending a joint meeting of G7 Ministers of Climate, Energy and the Environment, called on G7 nations to lead by example in making climate finance more accessible, more available, and more affordable, and to support efforts to accelerate […]