Spanish Repsol will withdraw from Russia’s oil and gas assets for environmental reasons, Kommersant reports. This is the first foreign company to announce its withdrawal from Russian assets not through sanctions but through decarbonization. Spanish Repsol is based on Russian oil and gas assets. It is doing this first under the slogan of decarbonization (reducing […]
While you probably associate kites with your childhood, you might not associate them with the shipping industry. Details from Airbus aircraft will be transported across the ocean by ships equipped with giant kites. The thrust of a sail with an area of 1000 square meters will reduce fuel consumption and pollution. In early 2022, the […]
The Responsible Finance and Investment (RFI) Foundation, in partnership with HSBC Middle East Ltd, is working to accelerate the adoption of responsible finance by FinTechs, GDNonline reports. The newly-launched RFI’s Global Virtual Innovation (GVI) Hub is striving to bring responsible finance to the forefront at FinTech startups during their early development stages. The goal of […]
Hydrogen solutions provider, BayoTech, Inc has signed an agreement with New Mexico Gas Company to deploy a new highly-efficient hydrogen production facility in the Southern state of Albuquerque, USA. Hydrogen produced at the hub will be used by New Mexico Gas in a pilot project to demonstrate the safe and effective blending of hydrogen into […]
Emirates Global Aluminium (EGA) and GE Gas Power (NYSE: GE) signed a Memorandum of Understanding (MoU) to develop a roadmap to reduce greenhouse gas emissions from the operation of EGA’s existing GE natural gas turbines by exploring hydrogen as a fuel, as well as carbon capture, utilization, and storage solutions. The MoU was signed by […]
Despite all the challenges, 2021 has been a remarkable year for the UAE’s nuclear energy industry and the nation’s future as a whole. On the UAE’s fiftieth anniversary, the Emirates Nuclear Energy Corporation (ENEC) reflected upon the key initiatives that the country has embarked upon to safeguard the next fifty years, WAM reports. ENEC has […]
Emirates Global Aluminium (EGA) and GE Gas Power (NYSE: GE) signed a Memorandum of Understanding (MoU) to develop a roadmap to reduce greenhouse gas emissions from the operation of EGA’s existing GE natural gas turbines by exploring hydrogen as a fuel, as well as carbon capture, utilization, and storage solutions. The MoU was signed by […]
Prince Abdulaziz bin Salman Al Saud, Minister of Energy of Saudi Arabia, has visited the Barakah Nuclear Energy Plant located in the Al Dhafra region of the Emirate of Abu Dhabi, along with a delegation of senior energy officials. The delegation witnessed the progress and success of the first operational multi-unit nuclear energy plant in […]
H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Dubai Crown Prince and Chairman of The Executive Council of Dubai, opened Gastech, the world’s foremost exhibition and conference supporting the gas, LNG, hydrogen, and energy industry. Held under the patronage of Vice President and Prime Minister of the UAE and Ruler of Dubai His Highness […]
The UAE today welcomed the announcement by the League of Arab States (LAS) that it would endorse the country’s offer to host the 28th session of the Conference of the Parties (COP 28) to the United Nations Framework Convention (UNFCCC) in Abu Dhabi in 2023. The move follows a similar endorsement by the Gulf Cooperation […]
