Tag Archives: United Arab Emirates

As the global oil market eagerly anticipates the upcoming OPEC(+) production decision—a potential shift in the current production cut strategy—most eyes are on Saudi Arabia or Aramco leaders. However, there’s a new player in town, already hinting at a dramatic strategy change without OPEC’s approval. Sources in Abu Dhabi suggest …

The United Arab Emirates is considering investments in Europe’s nuclear power segment, approaching several European nations to gauge their receptivity to a collaboration, sources familiar with the talks told Reuters this week. The UAE has discussed the possibility of its state-owned Emirates Nuclear Energy Company (ENEC) investing in European power …

Russian President Vladimir Putin is scheduled to visit the United Arab Emirates and Saudi Arabia on Wednesday. The talks will focus on bilateral relations and the Israel regime-Hamas war, Kremlin spokesman Dmitry Peskov said on Tuesday. Peskov said that discussions on oil market cooperation will be on the agenda of …

The Cop28 climate summit has opened in Dubai, yet it is already clear that the world is not on track to meet the climate change targets that governments set themselves in Paris in 2015. In strictly numerical terms therefore, Cop28 will be a failure, like all the climate summits that …

One of the biggest oil exporters in the Middle East, the United Arab Emirates, is set to increase from 2024 the exports of its flagship Murban crude grade as the UAE will see its production quota in the OPEC+ deal increased, traders have told Reuters. Refinery maintenance in the UAE …

The national oil producer of the United Arab Emirates and Australia’s energy group Santos have teamed up to jointly explore the development of a global carbon management platform to help customers in the Asia Pacific region cut emissions. Abu Dhabi National Oil Company, which pumps nearly all the oil in …

Global energy companies operating in the UAE are optimistic that a consensus can be reached around the Cop28 pledge of tripling renewable energy capacity and doubling energy efficiency by 2030. The US, EU and UAE are rallying other governments to join a global deal on renewables at the UN climate …

Al Seer Marine and Abu Dhabi Maritime, both based in the United Arab Emirates (UAE), have unveiled the world’s first 3D-printed water taxi. On November 6, the companies also secured a Guinness World Records title for the largest 3D-printed boat. “Crafted from 67% recycled materials, this 11.98-meter-long marvel not only …

The United States, the European Union, and the United Arab Emirates are looking to drum up new recruits in the form of other governments to sign onto a global deal that seeks to triple renewable energy investment, according to new documents seen by Reuters. The COP28 climate summit hosts are …

Iraq launched three energy contracts with UAE’s Crescent Petroleum to develop three oil and gas fields in Iraq, Iraq’s oil ministry said on Sunday. Earlier this year, Crescent Petroleum signed three 20-year contracts to expand oil and natural gas fields in Iraq’s Basra and Diyala. The contracts are set to …