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Energy
EU offers €1.7b in aid to boost Danish renewable gas production
The European Commission has approved a €1.7 billion (DKK 13 billion) Danish scheme aimed at boosting the production…
EIB, Crédit Agricole finance France’s energy transition
The European Investment Bank (EIB) and Crédit Agricole have expanded their partnership, launching a €700 million…
OAPEC members approve restructuring, rebranding as AEO
Member states of the Organisation of Arab Petroleum Exporting Countries (OAPEC) have approved on Monday a…
EU car market sees rise of electric, hybrid vehicle
The European Union (EU) had 10.7 million new car registrations in 2023.
Omani OQ Base Industries shares fall in weak IPO debut
Omani OQ Base Industries saw a 10 per cent drop in its shares on the Muscat stock exchange following its $489…
QatarEnergy acquires 27.5% stake in Namibian offshore block
QatarEnergy has expanded its upstream portfolio in Namibia by acquiring a 27.5 per cent interest in Block 2813B…
Libya’s NOC declares force majeure at Zawiya refinery
Libya's National Oil Corporation (NOC) declared a force majeure on Sunday after several reservoirs at the Zawiya…
Egypt inaugurates 500-mw solar power plant in Kom Ombo
Egypt’s Prime Minister Moustafa Madbouly inaugurated the 500-megawatt Abydos 1 Solar Power Plant in Kom Ombo.
Russia, India forge $13b annual oil deal
Russia’s state oil giant Rosneft has signed a landmark 10-year agreement to supply nearly 500,000 barrels per day…
Indonesia to build $1.2b methanol plant – minister
Indonesia plans to construct a $1.2 billion methanol plant in Bojonegoro, East Java, to enhance national energy…
