Abu Dhabi National Oil Company (ADNOC) has designated a substantial 40% stake in its Ruwais liquefied natural gas (LNG) venture to global energy leaders Shell, TotalEnergies, BP, and Japan’s Mitsui, according to sources familiar with the matter. Scheduled for completion by late 2028, the project aims to significantly boost the UAE’s LNG production, increasing it by over 9 million metric tons annually. Each of the four companies—Shell, TotalEnergies, BP, and Mitsui—will acquire a 10% stake in the venture, underscoring their strategic involvement in expanding regional energy capabilities. Additionally, ADNOC plans to allocate a 5% stake to another partner, details of…
Author: Lakshita Kapoor
Denmark-based Global Container Shipping and logistics major AP Moller Maersk has launched Maersk Offshore Wind, that will provide installation services to the offshore wind market based on a new and state-of-the-art offshore Wind Installation Vessel (Maersk WIV) concept. The firm claims that the design and concept are estimated to reduce the installation time of offshore wind turbines substantially compared to conventional methods, thereby lowering the overall installation cost for the developers. The first vessel will be delivered in 2025. Denmark based firms like Vestas have enjoyed a strong position in the offshore wind market, expected to grow strongly to 2050,…
Azerbaijan, gearing up to host this year’s United Nations COP29 climate summit in November, has announced plans to enhance its national emissions-cutting targets. This decision, unveiled by Elnur Soltanov, CEO of COP29 and Azerbaijan’s deputy energy minister, marks an early move ahead of a crucial U.N. deadline next year. The updated targets are aimed at aligning with efforts to keep global warming below 1.5 degrees Celsius, a critical threshold set by international climate agreements. Soltanov emphasized that Azerbaijan intends to lead by example, hoping to encourage other nations to follow suit before the summit in Baku. At a recent event…
Azerbaijan, gearing up to host this year’s United Nations COP29 climate summit in November, has announced plans to enhance its national emissions-cutting targets. This decision, unveiled by Elnur Soltanov, CEO of COP29 and Azerbaijan’s deputy energy minister, marks an early move ahead of a crucial U.N. deadline next year. The updated targets are aimed at aligning with efforts to keep global warming below 1.5 degrees Celsius, a critical threshold set by international climate agreements. Soltanov emphasized that Azerbaijan intends to lead by example, hoping to encourage other nations to follow suit before the summit in Baku. At a recent event…
Qatar’s General Electricity and Water Corporation (Kahramaa) has announced the commencement of registrations for the 11th edition of its National Programme for Conservation and Energy Efficiency, known as Tarsheed. This initiative, spearheaded by Kahramaa’s Conservation and Energy Efficiency Department, aims to inspire innovation and sustainable practices among government entities, private sectors, individuals, researchers, and students. The programme features 12 distinct competitions, each designed to promote the rationalization of electricity and water consumption across various sectors. Participants are encouraged to implement projects that enhance efficiency and contribute to environmental sustainability. Registration is open on Kahramaa’s official website from now until the…
Qatar is setting ambitious goals to significantly increase its use of renewable energy sources, aiming for 18% of its total energy mix to come from renewables by 2030. Currently, renewable energy accounts for about 5% of Qatar’s energy production. In an interview, Eng. Abdul Rahman Ibrahim al-Baker from Kahramaa highlighted the significance of renewable energy in achieving Qatar’s National Development Strategy 2024-2030. The strategy aims not only to diversify energy sources but also to enhance sustainability and reduce carbon emissions. The plan focuses on developing 4 gigawatts (GW) from centralized renewable energy projects and 200 megawatts (MW) from distributed projects…
Three Emirati cousins from Dubai, Ali Makki, Ali Hassoun, and Mohammed Hassoun, have embarked on a mission to shape a sustainable future through their newly founded venture, Kilimanjaro Energy Group. Ali Makki, 29 years old and a graduate of energy engineering from Pennsylvania State University, leads the group. Hailing from a lineage of pearl traders spanning UAE, Qatar, and Bahrain, Ali Makki’s family evolved from humble beginnings to become influential in sectors like banking, real estate, and hospitality.”We’ve known each other for a long time and realized we had a shared vision and goal coupled with an unshakeable trust and…
In a landmark address at the CRU Wire and Cable Conference 2024 in Amsterdam, Charles Mellagui, CEO of Ducab Cables Business, outlined Ducab’s pivotal role in advancing global energy transition. With a legacy spanning 44 years in the UAE, Ducab has been a frontrunner in manufacturing cables and wires, crucial components for the energy sector.Mellagui emphasized the urgent need for cleaner power generation, noting that traditional methods like coal and LNG remain major sources of carbon dioxide emissions. Despite recent gains in solar and wind power, these renewables account for only 13% of global energy production. Ducab, however, is actively…
In a bid to enhance Chile’s lithium mining capabilities amidst water scarcity challenges, Almar Water Solutions, part of Saudi conglomerate Abdul Latif Jameel, is eyeing a collaboration with Codelco, Chile’s state mining giant. Carlos Cosin, CEO of Almar Water, disclosed this plan on Tuesday, emphasizing the potential of their technology in lithium extraction, crucial for electric vehicle batteries. Chile stands as the world’s second-largest lithium producer and a leading copper producer. However, the lithium industry faces water supply issues exacerbated by persistent droughts in the Andean region. “We have three things: financial capacity, local presence, and access to the technology,”…
India and Qatar are deepening their relationship with a strong emphasis on clean energy collaboration, marking a new chapter in their bilateral ties. Ambassador Vipul highlighted these advancements in an interview with Gulf Times, emphasizing the growing partnership between the two nations. Ambassador Vipul noted the robust trade between India and Qatar, which currently stands at $16 billion annually. He highlighted Prime Minister Narendra Modi’s recent successful visit to Qatar, where discussions covered key areas such as politics, trade, energy, and investment with Qatar’s top leaders, including His Highness the Amir Sheikh Tamim bin Hamad al-Thani. A significant milestone in…