Economy Energy Oil & Gas

ADNOC Drilling launches first AI-powered walking island rig ahead of schedule

News Editor 25/06/2026

Photo Credit : WAM ADNOC Drilling has announced the successful delivery of its first artificial intelligence-enabled “walking” island rig, marking a major milestone in the company’s efforts to advance drilling efficiency and strengthen Abu Dhabi’s energy sector. The next-generation rig was

Energy

DEWA powers Dubai’s EV growth with 62,000 MWh through Green Charger network

News Editor 24/06/2026

Photo Credit : WAM Dubai Electricity and Water Authority has supplied more than 62,000 megawatt hours of electricity through its Green Charger Initiative since its launch in 2014, underlining the rapid rise of electric vehicle adoption across Dubai. The utility said the power delivered through its charging network has enabled over 310 million kilometres of […]

Energy

Dana Gas clears Egypt dues as new gas discovery exceeds forecasts

News Editor 23/06/2026

Photo Credit : Dana Gas UAE-based Dana Gas has confirmed that all its overdue receivables in Egypt have now been fully settled, marking a significant financial and operational milestone for the company as it expands its investment in the country’s gas sector. The company said it received additional payments worth Dh79 million ($21.5 million) from […]

Economy Energy UAE

UAE, South Korea deepen cooperation in energy, nuclear and emerging technologies

News Editor 22/06/2026

Photo Credit : WAM The UAE and South Korea have explored new opportunities to expand their strategic partnership in energy, nuclear power and advanced technologies during high-level talks in Abu Dhabi. Eng. Sharif Al Olama, Undersecretary for Energy and Petroleum Affairs at the UAE Ministry of Energy and Infrastructure, met with South Korean Trade, Industry […]

Energy MIDDLE EAST

Shipping Resumes Through Strait of Hormuz After US-Iran Peace Deal

News Editor 18/06/2026

Photo Credit : Windward | X Commercial shipping activity through the strategic Strait of Hormuz is showing signs of recovery after the United States and Iran signed a peace agreement in France, prompting several vessels stranded for months to resume their journeys. According to maritime intelligence firm Windward, at least seven previously immobilised ships have […]

Energy

Mubadala Invests $200 Million in Greenlink Energy Interconnector

News Editor 16/06/2026

Photo Credit : Mubadala Investment Company has strengthened its presence in European energy infrastructure with a $200 million investment in Greenlink, a subsea electricity interconnector linking Great Britain and Ireland. The investment sees Mubadala acquire part of infrastructure investor Equitix’s stake in Greenlink, a joint venture between Equitix and Baltic Cable. The

Energy

Siemens Energy to Supply Turbines for 2.6GW Taweelah C Power Plant in Abu Dhabi

News Editor 16/06/2026

Photo Credit : Siemens Energy Siemens Energy has secured a major contract to provide advanced gas and steam turbine technology for the 2.6-gigawatt Taweelah C Independent Power Producer (IPP) project in Abu Dhabi, strengthening the emirate’s energy infrastructure and supporting its long-term sustainability goals. The project marks the third power plant at the Taweelah site

Energy

EU Launches T-MED Initiative to Drive €25 Billion Clean Energy Investment Across Mediterranean by 2035

News Editor 10/06/2026

Photo Credit : WAM The European Union has unveiled a major clean energy initiative aimed at accelerating renewable energy development and strengthening energy cooperation across the Mediterranean region. Launched during the European Sustainable Energy Week, the Trans-Mediterranean Renewable Energy and Clean Tech Cooperation (T-MED) initiative was introduced by Dubravka

Energy

Middle East Energy Marks 50 Years as Global Energy Sector Converges in Dubai

News Editor 08/06/2026

Photo Credit : WAM Middle East Energy will celebrate its 50th anniversary when it returns to the Dubai World Trade Centre from September 1 to 3, 2026, marking five decades since the event first launched in 1976 and reinforcing its status as one of the world’s leading energy industry gatherings. The milestone edition arrives at […]

Energy

DEWA Expands Clean Energy Projects to Advance Dubai’s Net-Zero Goals

News Editor 05/06/2026

Photo Credit : WAM Dubai Electricity and Water Authority (DEWA) is accelerating its clean energy and sustainability initiatives as part of efforts to reduce carbon emissions, improve resource efficiency and support the UAE’s climate ambitions. Marking World Environment Day 2026, held under the theme “Now For Climate,” DEWA highlighted a portfolio of projects designed to

Energy

Aramco to Exit Malaysian Refining Venture as Petronas Takes Full Control

News Editor 25/05/2026

Photo Credit : AFP Saudi Aramco is transferring its equity stakes in the PRefChem refining and petrochemical venture to Petronas, paving the way for the Malaysian energy giant to take full ownership of the integrated downstream business in Johor, Malaysia. The two companies confirmed on Monday that they had signed an agreement covering the transfer […]

Energy

Mubadala Energy backs $9.75bn commonwealth LNG project in Louisiana, US

Miguel Hadchity 15/05/2026

Image Credit: WAM UAE — May 2026 — Abu Dhabi-based international energy company Mubadala Energy has announced that Caturus LLC has reached a Final Investment Decision for the Commonwealth LNG project, including the successful financial close of the $9.75 billion initiative to build a liquefied natural gas export facility in Cameron Parish, Louisiana, with an export

Energy UAE

UAE, Netherlands strengthen strategic partnership in energy, water and sustainability

Miguel Hadchity 11/05/2026

Photo Credit: WAM Dubai, UAE — May 2026 — The UAE has concluded high-level talks with the Netherlands aimed at deepening bilateral cooperation across energy, water sustainability, and climate resilience, as both nations prepare for the UN Water Conference 2026. According to the Emirates News Agency, Assistant Minister of Foreign Affairs for Energy and Sustainability, […]

Automotive Energy Law Sustainability Transport

Electric Vehicles in UAE: Rules and Incentives

Saba Malik 09/05/2026

In the United Arab Emirates, the UAE is actively working to promote and utilise clean energy, with developers shaping the UAE market through strong incentives to buy electric cars and support a wider push under clean energy initiatives; this helps the country establish itself as a leading regional and global player in electric vehicle technology […]

Energy

Mubadala acquires minority stake in renewable energy platform Power Factors

News Editor 07/05/2026

Photo Credit : WAM Mubadala Investment Company has announced the acquisition of a significant minority stake in Power Factors, a leading provider of renewable energy management software, alongside existing investor Vista Equity Partners. The Abu Dhabi-based sovereign investor said the move supports its long-term commitment to renewable energy and digital infrastructure,

Economy Energy

UAE Ministry, ENEC partner to strengthen nuclear sector intellectual property protection

News Editor 06/05/2026

Photo Credit : WAM The Ministry of Economy and Tourism and Emirates Nuclear Energy Company have signed a Memorandum of Understanding (MoU) aimed at enhancing cooperation in intellectual property (IP) protection and patent development within the UAE’s nuclear energy sector. The agreement was signed during the Make it in the Emirates 2026 forum in the […]

Energy

UAE activates Green Certificates for factories to boost sustainable industry

News Editor 06/05/2026

Photo Credit : WAM The Ministry of Energy and Infrastructure has announced the activation of Green Certificates for factories under the National Green Certificates Programme during the Make it in the Emirates 2026, marking a major step in the UAE’s push toward sustainable industrial development and low-emission manufacturing. The programme establishes a national framework

Energy

Mubadala, Tubacex Group launch TBX Nexxia in Abu Dhabi to boost energy manufacturing

News Editor 04/05/2026

Photo Credit : WAM Mubadala Investment Company and Tubacex Group have officially launched their joint venture, TBX Nexxia, marking the start of operations at a new advanced manufacturing platform in Abu Dhabi focused on Oil Country Tubular Goods (OCTG). The announcement was made during Make it in the Emirates 2026, highlighting the UAE’s continued push […]

Energy UAE

UAE withdraws from OAPEC, marking second oil alliance exit in one week

Miguel Hadchity 04/05/2026

Photo Credit: OAPEC Dubai, UAE — May 2026 — The United Arab Emirates has formally withdrawn from the Organization of Arab Petroleum Exporting Countries, the intergovernmental body announced on Sunday, effective May 1, 2026. The exit, confirmed in a statement by OAPEC’s Secretary-General, follows the UAE’s departure from the OPEC Secretariat earlier this week, signaling

Energy UAE

UAE announces exit from OPEC & OPEC+ effective May 1, says time to focus on national interest

Miguel Hadchity 28/04/2026

Dubai, UAE — April 2026 — The United Arab Emirates has announced its decision to withdraw from the Organization of the Petroleum Exporting Countries and the OPEC+ alliance, effective May 1, 2026. According to the Emirates News Agency, the move aligns with the UAE’s long-term strategic and economic vision, as well as the evolution of […]