ENERGY Archives

Mubadala Capital signs MoU with Brazil’s Petrobras for biofuel exploration

Mubadala Capital and the Brazilian state-owned petroleum company Petrobras have signed an MOU for potential investment in a biofuel project in Brazil, aiming at transforming the production of renewable energy from crops. “The production of renewable energy from crops has the...

by WAYA Staff - Sep 7, 2023

Energy

Egypt launches international bidding for oil exploration

Egypt announced it opened an international bidding round for exploration in 23 open blocks, the Ministry of Petroleum announced. The deadline is set for February 25. The...

by WAYA Staff - Sep 25, 2023

Energy

BP to invest $3.5b in Egypt’s energy sector over next three years

British multinational oil and gas company BP will invest $3.5 billion in Egypt along with its partners over the next three years amid its...

by WAYA Staff - Aug 31, 2023

Energy

Saudi-based Energy Capital announces 1st close of US$150m fund in energy-related tech

The Saudi-investment company Energy Capital Group (ECG) announced the closing of its US$150 million fund in a bid to boost the...

by WAYA Staff - Aug 20, 2023

Energy

ADNOC to acquire 30% of Absheron gas field

The UAE oil giant Abu Dhabi National Oil Company (ADNOC) announced that it will acquire a 30% stake in Azerbaijan’s Absheron gas field....

by WAYA Staff - Aug 6, 2023

Energy

Egypt signs 3 oil, gas exploration agreements worth US$320m

Egypt recently announced the signing agreements of three contracts for exploring and producing natural gas and crude oil in the Mediterranean. Two contracts were...

by WAYA Staff - Aug 1, 2023

Energy

Saudi Aramco completes US$3.4b purchase of Rongsheng stake

The world’s integrated energy and chemicals company Aramco announced the successful closing of a key transaction to acquire a 10% interest in Petrochemical company Rongsheng through its subsidiary Aramco Overseas Company...

by WAYA Staff - Aug 1, 2023

Energy

UAE’s Masdar, Iberdola to co-invest in US$1.76b wind farm in Germany

Abu Dhabi-based renewable energy firm Masdar has signed a strategic agreement with Iberdrola, a global clean energy company, to accelerate...

by WAYA Staff - Jul 26, 2023

Energy

AMEA Power raises US$75m equity funding from Japan’s SoftBank

Dubai-based renewable energy developer AMEA Power has signed a $75 million equity funding from the Japanese investment holding SoftBank Group Corp, the...

by WAYA Staff - Jul 11, 2023

Energy

Germany’s Covestro rejects takeover proposal from ADNOC

Germany’s Covestro rejected takeover proposal from ADNOC Abu Dhabi National Oil Company, according to Bloomberg. Abu Dhabi National Oil Company...

by WAYA Staff - Jun 22, 2023

Energy

Egypt’s KarmWater inaugurates Marsa Alam’s first solar-powered water desalination plant

KarmWater, the water solutions division of KarmSolar announced the inauguration of the first solar-powered water desalination plant in Marsa Alam, according to...

by WAYA Staff - May 30, 2023

ENERGY

Mubadala Capital signs MoU with Brazil’s Petrobras for biofuel exploration

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