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Energy
Saudi Aramco closes $12.4b deal with consortium including Mubadala
Aramco continues to hold a 51 per cent majority stake in the subsidiary and retains full ownership and operational control of its stabilised crude oil pipeline network. READ MORE
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Energy
Dewa’s pavilion to highlight efforts in sustainability, energy of the future
Dewa’s pavilion at Expo 2020 Dubai highlights Dewa’s innovative projects and initiatives in renewable and clean energy READ MORE
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Energy
IMF proposes setting up of an international carbon price floor
The IMF chief noted that a carbon price floor arrangement does not mean carbon taxes per se READ MORE
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Energy
How to navigate a maturing oil cycle
Crude, alongside most other commodities, is both driver and messenger of the financial market’s current hot topic — inflation READ MORE
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Energy
Oil hits new high near $75 on demand rise, falling inventories
Brent hits $74.73, highest since April 2019. READ MORE
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Energy
Adnoc awards Dh1.87b sour gas plant contract to Saipem
The latest contract awarding is within weeks after Adnoc announcing a Dh2.73 billion contract for the full field development of the Belbazem Offshore Block READ MORE
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Energy
Hitachi ABB Power Grids launches new transformers for floating offshore wind power
Transformers for floating projects will increase offshore wind potential by enabling a new generation of floating substations and turbines. READ MORE
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Energy
Oil hit a 32-month high on a bullish cocktail of factors
Brent crude jumps 1%, touching $73.52 per barrel, its highest since April 2019. US crude climbs 1% higher to $71.50, its highest level since October 2018 READ MORE
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Energy
Dewa commissions 438 11kV substations in first 4 months of 2021
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Energy
Clean energy capacity in Dubai will reach 12% by year-end
Dewa to add an additional 600MW of clean energy capacity to Dubai’s energy mix in 2021 READ MORE
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Energy
Traders eye $100 oil as EIA sees inventory drop
Global oil production will increase to match rising levels of consumption READ MORE
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Energy
Brent oil benchmark hits 2-year high, WTI highest since 2018
Brent crude futures were up 42 cents, or 0.6 per cent, at $72.64 a barrel at 1138GMT, having earlier touched $72.83, the highest since May 20, 2019. Brent rose one per cent on Tuesday READ MORE
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