by Vasu Jit Kalia | September 16, 2024 | Energy, Green
Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure, said that the UAE has made significant progress in increasing the contribution of clean energy production to the total energy mix, reaching 27.83 percent in 2023, within the target of 32 percent...
by Jennifer George | September 11, 2024 | Energy, Industry, News
The UAE and India have forged nuclear ties by signing a landmark MoU that outlines a framework for the operation and maintenance of nuclear plants in the emirates. The Memorandum of Understanding was signed by Bhuwan Chandra Pathak, Chairman and Managing Director of...
by Vasu Jit Kalia | September 11, 2024 | Energy, Industry
Oil stabilized after rapidly escalating concerns about global demand triggered a sharp and significant sell-off, pushing Brent crude below $70 a barrel for the first time in over two years. The benchmark has dropped nearly 20% this quarter due to worries that slowing...
by Jibran Munaf | September 7, 2024 | Automotive, Energy
Renault CEO Luca de Meo has issued a stark warning that Europe’s automotive industry could face fines totaling up to 15 billion euros ($17.4 billion) if electric vehicle (EV) sales continue to lag behind regulatory targets. Speaking on France Inter radio, de Meo...
by Vasu Jit Kalia | September 6, 2024 | Energy
With the global economy going through turmoil, which has resulted in a nine-month low in crude prices, OPEC+ has agreed to postpone the planned oil production increases for October and November, the group announced on Thursday. They also indicated the possibility of...
by Vasu Jit Kalia | September 4, 2024 | Energy
Italy’s world leader in engineering and drilling activities, Saipem, has secured two offshore contracts in Saudi Arabia, totalling around $1 billion, under its ongoing long-term partnership with Saudi Aramco. Under the first contract, Saipem is responsible for the...