Energy
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World’s largest waste-to-energy project is 85% complete, says Dubai Municipality
The largest waste-to-energy project in the world, the Dubai Waste Management Centre (DWMC), has reached 85% completion, according to a…
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Saudi Aramco’s profit surges 90%, reports record $48.4bn quarterly profit
On Sunday, Saudi oil company Aramco reported a staggering 90% increase in second-quarter net profits and record half-year earnings, as…
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Oil giant BP reports huge profits in Q2
BP, the United Kingdom’s largest oil company, increased its dividend and increased share buybacks on Tuesday after doubling second-quarter earnings…
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Russia resumes gas supply to Europe via Nord Stream
After a 10-day interruption, Russia started flowing gas through its largest pipeline to Europe on Thursday, the operator said, assuaging…
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TAE Technologies closes $250 million financing round, totals $1.2 Billion to date
TAE, headquartered in California, has raised $1.2 billion so far for fusion research, the same mechanism that fuels the sun.…
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Global economic concerns and Recession worries lower oil prices
Oil prices slid early on Monday as investors refocused on tight supply, although the mood remained shaky following a 6%…
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QatarEnergy Picks TotalEnergies as its First Partner
TotalEnergies of France has been given a 25% share in the world’s biggest natural gas field in Qatar. QatarEnergy, a…
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Middle East pushes toward renewables to reduce dependency on oil-economy
Many Middle Eastern economies rely on fossil fuels to finance their budgets and sustain economic activity. The Middle East produces…
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Saudi Aramco reports greatest earnings since its 2019 IPO as oil prices surge
As global oil and gas prices continue to rise, profits at the state-owned energy company, Saudi Aramco increased by 82%…
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Amid concerns, OPEC signs deal to increase monthly oil output
As global markets tighten due to the EU’s consideration of barring Russian supply, OPEC (Organization of the Petroleum Exporting Countries)…
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