Energy
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India Hikes Windfall Tax on Domestic Crude to Rs 4250 per tonne from August 1
India hikes windfall tax on domestically produced petroleum crude. The Special Additional Excise Duty (SAED) on crude petroleum increased from…
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UAE extends cooperation to Bangladesh to help overcome energy crisis
Bangladesh’s energy sector is heavily reliant on imports. The country has been importing LNG from Qatar and Oman to meet…
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Abu Dhabi’s ADNOC Gas to raise $2B from IPO
Abu Dhabi National Oil Co (ADNOC), the state-owned oil giant, announced on Thursday that it has set a pricing range…
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Rolls-Royce completes tests on hydrogen-powered jet engine
The world’s first hydrogen-powered aircraft engine has been successfully operated by Britain’s Rolls-Royce, demonstrating that the gas could be essential…
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U.N.’s flagship climate conference, the COP27 climate summit opens in Egypt
Top officials urged affluent nations to finally fulfil their broken $100 billion promise as the U.N.’s premier climate summit got…
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UAE increases fuel prices as OPEC cuts oil production
UAE increases fuel prices as OPEC cuts oil production The Emirates General Petroleum Corporation reported on Monday that after falling…
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Eviation’s Alice completes a successful maiden flight
Yesterday, Eviation’s Alice electric aircraft made its inaugural flight, hinting at a time when regional trips of hundreds of miles…
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Aldar to cut energy consumption by investing $6.8 million
In 13 residential neighbourhoods, Aldar Properties will invest AED25 million ($6.8 million) in energy-retrofit projects, which have the potential to…
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QatarEnergy teams up with TotalEnergies to help future energy transition
The 16 million tonnes per annum (MTPA) North Field South (NFS) LNG project in Qatar has chosen TotalEnergies as its…
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Saudi Aramco’s CEO calls out blind spots on energy transition
The head of Aramco, the largest oil producer in the world, called out individuals who “shame oil and gas investors”…
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