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TotalEnergies eyes Mozambique LNG project resumption in 2025Energy major TotalEnergies is looking at resuming operations at the Mozambique LNG project in 2025. The company declared force majeure in 2021 due to security concerns, but is eyeing resumption later this summer. Once completed, the $20 billi More… |
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Aed Energy secures funding for MENA storageAed Energy has secured investment from Catalyst, the Masdar City–bp backed accelerator focused on scaling climate technologies across the Middle East and beyond. The investment will support Aed Energy’s regional growth and fast-track the deployment More… |
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Advanced biofuel market poised for steady growth at 13.9pc CAGRThe advanced biofuel market was valued at $1.46 billion in 2024 and is projected to expand at a CAGR of 13.9% between 2025 and 2034. This growth reflects the rising global demand for sustainable energy alternatives as countries prioritise energy secure ty, car More… |
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Jadwa leads $50m investment round in PetroAppJadwa Investment has led a $50 million investment round in PetroApp, Saudi Arabia's leading fuel management platform. Founded in 2018, PetroApp is Saudi Arabia's first independent provider of digital fuel payment and fleet management solutions. More… |
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UAE supplies 40.8pc of Japan’s oil imports in MayUAE was Japan’s top crude oil supplier in May 2025, providing Tokyo with 30.42 million barrels of crude oil, according to official Japanese data, reported WAM. This volume accounted for 40.8% of Japan’s total crude oil imports for the month, based More… |
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GCC states call for gradual, balanced transition to climate actionThe Gulf Cooperation Council (GCC) member states underscored the need for a gradual and balanced transition in addressing climate change, particularly in the phase-out of fossil fuels from national economies, reported WAM. They emphasised that such a transitio More… |
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EAD achieves carbon neutrality certification for second timeThe Environment Agency – Abu Dhabi (EAD) has received its second Carbon Neutrality Certification from Applus+, a verification agency accredited by the United Nations Framework Convention on Climate Change (UNFCCC). This achievement means EAD has become t More… |
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Autoworld to set up Bajaj motorcycles distribution hub in DubaiAutoworld International FZCO, a leading regional distributor for India’s Bajaj Auto Limited, has announced plans to develop a new logistics and distribution hub in the Jebel Ali Free Zone (Jafza). The facility will enhance Autoworld’s ability More… |
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Prompt spreads to remain strong until Opec+ pony up the barrelsBrent spreads remain steady at approximately $1/bbl. Who knows where fair value is right now, particularly as the situation in the Middle East is still pretty precarious, said leading commodity market intelligence firm Sparta. But current OECD inventory levels More… |
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Global South Utilities to build 50MW solar project in MadagascarUAE-based Global South Utilities (GSU), a resources investment company, has signed two landmark agreements with Madagascar aimed at expanding renewable energy capacity and advancing the country’s clean energy transition. Under the first agreement with th More… |
