8/31/2026 8:28:10 PM (Volume: 43 / Issue: 9)
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Tag: energy

Energy, Oil & Gas

Global energy demand rising steadily to meet AI needs: UAE Energy Minister

Suhail Al Mazrouei, UAE Minister of Energy and Infrastructure, said global energy demand is witnessing steady growth driven by the expanding needs of artificial intelligence (AI) and large-scale data centres, forecasting increased demand across all energy sources, including fossil fuels, which remain part of the global energy mix. He said the UAE is well-positioned to help meet rising global demand through continued investment in the energy sector....

Energy, Oil & Gas

Global energy jobs rise 2.2pc despite labour shortages: IEA

Strong investment in energy infrastructure lifted global energy jobs by 2.2 per cent last year, the IEA reports. Employment reached 76 million in 2024, with the power sector driving most growth. The sector created 2.4 per cent of net global jobs despite skilled-labour bottlenecks in key areas worldwide today....

Energy, Oil & Gas

Africa’s demand for refined products to surge into 2050

Africa is entering a pivotal phase in global energy dynamics, with refined product demand expected to rise from 4 million bbl/d in 2024 to over 6 million bbl/d by 2050, according to the African Energy Chamber’s 2026 Outlook Report....

Energy, Oil & Gas

Over 100 energy stakeholders gather to act on methane pledges in Africa

The International Energy Agency (IEA) convened a regional workshop in Abuja, Nigeria, focused on translating commitments to reduce methane emissions into concrete action. Co-hosted with Nigeria’s Ministry of Petroleum Resources and the African Energy Commission (AFREC), the workshop explored regional opportunities and challenges, while sharing international best practices and cost-effective solutions....

Energy, Oil & Gas

UAE announces $1bn energy portfolio in Yemen

The UAE has launched a $1 billion energy portfolio in Yemen to help rebuild the country’s electricity sector. Implemented by Global South Utilities, the programme includes solar and wind projects, battery storage solutions and upgraded distribution networks across multiple governorates, expanding ongoing work in Yemen....

Energy, Oil & Gas

ADNOC approves $150bn capex for 2026-30

ADNOC Board of Directors, presided over by UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan, has approved a capex of $150 billion (AED551 billion) for 2026-2030 to maintain ADNOC’s current operations and drive smart growth....

Energy, Oil & Gas

Oman's Ministry of Energy signs EPSA addendum for Block-5

Oman’s Ministry of Energy and Minerals signed an additional addendum to the Exploration and Production Sharing Agreement (EPSA) for Oil Concession Block (5), located in the A'Dhahirah Governorate and operated by Daleel Petroleum....

Energy, Oil & Gas

EtihadWE signs MoU with ePointZero to enhance energy sustainability

Etihad Water and Electricity (EtihadWE) has signed an MoU with ePointZero, part of the International Holding Company, to explore new power generation projects and assist in the UAE's transition to clean energy solutions across the energy value chain....

Energy, Oil & Gas

TAQA launches major building retrofit project at ICAD Residential City

Abu Dhabi National Energy Company (Taqa) said one of its units has signed an agreement with Sdeira Group, a subsidiary of AD Ports Group, to implement a key building retrofit project aimed at boosting energy and water efficiency at Aryam ICAD Residential City in Mussafah. ...

Energy, Oil & Gas

G20 Investment Forum to spotlight Africa’s energy projects

Ahead of the G20 Summit, the G20 African Energy Investment Forum, hosted by the African Energy Chamber (AEC), will convene top global and African energy and finance leaders to discuss how investment, innovation and partnerships can unlock Africa’s energy potential and drive sustainable economic growth....

Energy, Oil & Gas

Drydocks World delivers FPSO vessel for Nigeria project

Drydocks World has completed the full conversion and integration of the EMEM Floating Production Storage and Offloading (FPSO) vessel, delivering a key offshore asset to support production at Nigeria’s Okwok field and advance the country’s energy development and self-reliance goals....

Energy, Oil & Gas

Abu Dhabi DoE boosts digital integration with new agreements

The Abu Dhabi Department of Energy (DoE) signed agreements with several government entities during Adipec aimed at enhancing collaboration, data integration, and regulatory oversight across the Emirate’s energy sector....

Energy, Oil & Gas

AI is central: Adipec leaders call for bold energy investment

Global leaders emphasised AI and digitalisation's role in driving smart investments for energy resilience and decarbonisation, highlighting their transformative power in shaping and accelerating inclusive global progress in the energy sector, at Adipec 2025, ....

Energy, Oil & Gas

AI, energy realism, pragmatism should lead energy industry

The energy industry faces rising demand from AI, aging grids, and geopolitical uncertainty, increasing the need for oil, gas, and renewables. At this year’s Adipec panel, industry leaders emphasised that the energy transition should focus on addition, not substitution....

Energy, Oil & Gas

Industry leaders see investment as key for long-term energy security

The chief executives from three major energy companies and a high-level minister from the US zeroed in on energy security in a wide-ranging discussion at Adipec. They saw a clear link between security and investment in the oil and gas sector, and they broadly agreed on the critical need for more long-term capital investment....

Energy, Oil & Gas

UAE leads digital transformation in energy sector: Honeywell

George Bou Mitri, President of Honeywell for the Middle East, stated that the UAE is a global hub for innovation in energy, highlighting its pioneering digital transformation initiatives as a leading model for a sustainable future powered by advanced technology and AI....

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