Muscat: The private placement of OQ Exploration and Production (QQEP) Company marks a leap for both Muscat Stock Exchange, the Omani economy and investors. A number of specialists and economists have pointed…
Category: Energy
Oil soars after Iran launches rockets at Israel
Oil soars after Iran launches rockets at Israel
Saudi Arabia adds 4,500 MW renewable energy to its grid
Dubai: Saudi Arabia enhances its energy grid by adding 4,500 megawatts (MW) of renewable energy following the procurement agency’s request for qualifications for its sixth round of solar and wind projects. The…
Sports tourism compensates for oil economy shrinkage in GCC nations
The Gulf Cooperation Council (GCC) countries have recognised the potential of sports tourism as a pivotal economic driver. The region aims to diversify its economy away from oil dependency and attract foreign…
Abu Dhabi's Masdar to acquire Saeta Yield in $1.4b deal from Brookfield Renewable
The transaction consists of a portfolio of 745MW of predominantly wind assets – 538MW of wind assets in Spain, 144MW of wind assets in Portugal and 63MW solar PV assets in Spain…
Enercap Holdings, Apex Investment to build the world’s largest supercap energy storage capacity
Dubai-based supercap energy storage manufacturer Enercap Holdings and Abu Dhabi-based Apex Investment, a leading diversified investment holding company, have formed a joint venture to build 16GWh per year manufacturing capacity of supercap…
Taqa to integrate Abu Dhabi and Al Ain power-water distribution companies into new entity
“Unifying the two will create a distribution powerhouse, with the scale and capability to support Taqa’s overarching mission of being a low-carbon power and water champion,” said Omar Al Hashmi, Taqa Distribution’s incoming…
Abu Dhabi awards consortium of two Indian oil companies production rights in Ruwais area
“Initial exploration efforts have yielded positive results in Onshore Block 1, specifically within the 38 square kilometer Ruwais area,” said a statement. The area includes conventional undeveloped oil and gas resources, and…
Solid-state: Mercedes Benz fuels latest EV battery race
The next-gen batteries boast a “breakthrough energy density” of up to 450 Wh/kg — a significant improvement over current technology. This translates to more power packed into a smaller and lighter battery…
QatarEnergy orders six LNG vessels from China
Dubai: QatarEnergy announces a new agreement with China State Shipbuilding Corporation to purchase six additional ultra-large liquified natural gas (LNG) carriers, bringing its total fleet order to 128 vessels as part of…