Energy – Gulf Business https://gulfbusiness.com Mon, 14 Aug 2023 05:03:46 +0000 en-US hourly 1 https://wordpress.org/?v=6.0.5 https://gulfbusiness.com/wp-content/uploads/2020/07/cropped-gb-new-fevicon-2020-1-32x32.png Energy – Gulf Business https://gulfbusiness.com 32 32 DEWA selects Masdar to build phase 6 of Dubai solar park https://gulfbusiness.com/masdar-to-build-phase-6-of-dewas-solar-park/ https://gulfbusiness.com/masdar-to-build-phase-6-of-dewas-solar-park/#respond Sun, 13 Aug 2023 10:15:47 +0000 https://gulfbusiness.com/?p=264509 The total capacity of the solar energy projects commissioned at the Mohammed bin Rashid Al Maktoum Solar Park has reached 2,427MW

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]]> https://gulfbusiness.com/masdar-to-build-phase-6-of-dewas-solar-park/feed/ 0 Dubai’s DEWA reports revenue of Dhs12.7bn in H1 2023 https://gulfbusiness.com/dewa-reports-revenue-of-dhs12-7bn-in-h1-2023/ https://gulfbusiness.com/dewa-reports-revenue-of-dhs12-7bn-in-h1-2023/#respond Fri, 11 Aug 2023 05:31:16 +0000 https://gulfbusiness.com/?p=264384 For the first six months of 2023, the utility giant reported a net profit of Dhs2.7bn

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]]> https://gulfbusiness.com/dewa-reports-revenue-of-dhs12-7bn-in-h1-2023/feed/ 0 ACWA Power H1 net profit rises 26% to SAR684m https://gulfbusiness.com/acwa-power-reports-h1-2023-results/ https://gulfbusiness.com/acwa-power-reports-h1-2023-results/#respond Thu, 10 Aug 2023 10:40:04 +0000 https://gulfbusiness.com/?p=264267 Operating income — before impairment, loss and other expenses — for the six-month period stood at SAR1,289m

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]]> https://gulfbusiness.com/acwa-power-reports-h1-2023-results/feed/ 0 ADNOC Gas invests $3.6bn to boost gas processing capabilities https://gulfbusiness.com/adnoc-gas-awards-3-6bn-gas-processing-contract/ https://gulfbusiness.com/adnoc-gas-awards-3-6bn-gas-processing-contract/#respond Wed, 09 Aug 2023 07:34:28 +0000 https://gulfbusiness.com/?p=264085 The project seeks to increase ethane extraction from the company’s existing onshore facilities in the Habshan complex

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]]> https://gulfbusiness.com/adnoc-gas-awards-3-6bn-gas-processing-contract/feed/ 0 Oil holds near four-month high as report sees US stockpile gain https://gulfbusiness.com/oil-four-month-high-report-sees-us-stockpile-gain/ https://gulfbusiness.com/oil-four-month-high-report-sees-us-stockpile-gain/#respond Wed, 09 Aug 2023 05:41:04 +0000 https://gulfbusiness.com/?p=264073 Oil has rallied since late June following pledges by OPEC+ countries Saudi Arabia and Russia to cut supply

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]]> https://gulfbusiness.com/oil-four-month-high-report-sees-us-stockpile-gain/feed/ 0 Saudi’s ACWA Power successfully installs Central Asia’s largest wind turbine https://gulfbusiness.com/acwa-power-central-asias-largest-wind-turbine/ https://gulfbusiness.com/acwa-power-central-asias-largest-wind-turbine/#respond Tue, 08 Aug 2023 09:00:03 +0000 https://gulfbusiness.com/?p=263897 The 500MW Bash wind farm project is located in the Bukhara region of Uzbekistan

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]]> https://gulfbusiness.com/acwa-power-central-asias-largest-wind-turbine/feed/ 0 UAE to develop national system for carbon credits using blockchain https://gulfbusiness.com/uae-to-develop-national-system-carbon-credits/ https://gulfbusiness.com/uae-to-develop-national-system-carbon-credits/#respond Tue, 08 Aug 2023 04:27:49 +0000 https://gulfbusiness.com/?p=263846 The collaboration aims to reduce emissions and enhance sustainable agriculture, environmental health, and biodiversity in the UAE

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]]> https://gulfbusiness.com/uae-to-develop-national-system-carbon-credits/feed/ 0 Masdar marks $750m green bond debut with market opening at London Stock Exchange: Watch https://gulfbusiness.com/masdar-3bln-green-bond-at-london-stock-exchange/ https://gulfbusiness.com/masdar-3bln-green-bond-at-london-stock-exchange/#respond Mon, 07 Aug 2023 14:00:54 +0000 https://gulfbusiness.com/?p=263802 This bond is the first part of a programme to raise up to $3bn to meet Masdar’s equity funding commitments on new renewable energy projects

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]]> https://gulfbusiness.com/masdar-3bln-green-bond-at-london-stock-exchange/feed/ 0 Aramco reports a drop in profits of 38% in Q2 2023 https://gulfbusiness.com/aramco-reports-drop-in-profits-38-in-q2-2023/ https://gulfbusiness.com/aramco-reports-drop-in-profits-38-in-q2-2023/#respond Mon, 07 Aug 2023 07:49:16 +0000 https://gulfbusiness.com/?p=263706 The world's largest oil company reported that it had paid out a base dividend for Q1 2023 of $19.5bn in the second quarter, which was up 4 per cent year-on-year

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]]> https://gulfbusiness.com/aramco-reports-drop-in-profits-38-in-q2-2023/feed/ 0 ADNOC Gas’ H1 2023 net income plunges 12% to $2.3bn https://gulfbusiness.com/adnoc-gas-reports-2-3bn-in-half-year-net-income/ https://gulfbusiness.com/adnoc-gas-reports-2-3bn-in-half-year-net-income/#respond Sun, 06 Aug 2023 08:26:06 +0000 https://gulfbusiness.com/?p=263496 Brent crude oil prices, which are used for gas pricing, decreased by nearly 31 per cent during the period under review

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