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John Benny


Articles

Al Dhafrah solar park in Abu Dhabi. Masdar aims to expand its total capacity to at least 100 gigawatts of renewable energy by the end of the decade, from about 20 gigawatts at present. Victor Besa / The National
Masdar-led consortium lands 2-gigawatt solar project in Saudi Arabia

Kingdom also awards contracts to Taqa-led consortium to build two gas-powered plants

EnergyNovember 19, 2024
John Benny
A Talabat delivery rider in Dubai, United Arab Emirates, on Saturday, Nov. 16, 2024. Delivery Hero SE’s Middle East unit had demand for all shares in its $1. 5 billion Dubai initial public offering minutes after subscriptions opened, in the latest sign of robust demand for regional deals. Photographer: Christopher Pike / Bloomberg
Delivery Hero aims to raise up to $1.5bn from Talabat's Dubai IPO

Shares expected to begin trading on the Dubai Financial Market on December 10

MarketsNovember 19, 2024
John Benny
Etihad says customers with existing bookings on Virgin Australia flights will not be affected. Jaime Puebla / The National
Etihad to end codeshare agreement with Virgin Australia

Passengers will not be able to book Virgin Australia-operated flights through Etihad’s booking channels starting from June next year

AviationNovember 18, 2024
John Benny
Fuel storage containers along Chelsea Creek in East Boston, Massachusetts. US crude supply is expected to receive a boost from Donald Trump’s election as US president. EPA
Oil records weekly loss on demand concerns and expectations of oil glut next year

Global oil supply will outpace demand by over 1 million barrels per day in 2025, IEA says

EnergyNovember 15, 2024
John Benny
A Lulu hypermarket in Riyadh. Bloomberg
Lulu IPO: Share prices drop on ADX trading debut

Company raised $1.72 billion from its initial public offering, making it the UAE's largest listing so far this year

MarketsNovember 14, 2024
John Benny
The Garadagh Solar PV Plant was built and is operated by Masdar in Baku, Azerbaijan. Pawan Singh / The National
Masdar explores 'gigawatt-scale' renewable energy projects in Albania

Company signs preliminary deal with Kesh to develop solar and wind projects

EnergyNovember 13, 2024
John Benny
Fossil fuels made up 84 per cent of the global energy mix in 2023, demonstrating the scale of the challenge ahead. PA
Shell climate case win highlights challenges of Scope 3 emissions

Dutch court overturned ruling against Shell requiring it to reduce emissions by 45 per cent by 2030

EnergyNovember 13, 2024
John Benny
Storage tanks at Kinder Morgan Terminal in California. Opec had lowered its oil demand forecast for next year. Reuters
Opec cuts oil demand forecast once again for 2024 and 2025

Group's production rose to 26.53 million bpd in October

EnergyNovember 12, 2024
John Benny
Saudi Arabia, which has set a net-zero target for 2060, aims to become one of the largest voluntary carbon markets in the world by 2030. EPA
Saudi Arabia launches voluntary carbon market exchange to fund climate projects

Basket of credits links buyers to 17 climate projects worldwide

ClimateNovember 12, 2024
John Benny
ExxonMobil's chemical recycling plant in Baytown, Texas. AFP
Fertiglobe confident of winning tax credits for Texas hydrogen project

Ammonia production will primarily be for export markets, including the US Gulf Coast, Europe and Asia, Ahmed El Hoshy says

EnergyNovember 12, 2024
John Benny
Adnoc Gas has access to 95 per cent of the UAE's natural gas reserves. Photo: Adnoc
Adnoc Gas raises capex to $15 billion on UAE gas demand growth

UAE gas demand is projected to grow 6 per cent annually to 2030, company says

EnergyNovember 11, 2024
John Benny
OMV chief executive Alfred Stern says the company has secured long-term LNG contracts and third-party agreements throughout Europe to spread risk. Victor Besa / The National
ExclusiveAustria's OMV has no Russian LNG in its contracts, CEO says

Company is 'fully prepared' to replace Russian pipeline gas delivered through Ukraine, executive says

EnergyNovember 09, 2024
John Benny
Al Dhafrah solar park in Abu Dhabi. Green ammonia is produced by combining hydrogen, generated through electrolysis powered by renewable energy sources like wind or solar, with nitrogen. Victor Besa / The National
ExclusiveBrookfield-backed Indian firm explores green hydrogen project in UAE

Clean energy company is not planning to raise more funds in the immediate future, chairman tells The National

EnergyNovember 08, 2024
John Benny
Hurricane Rafael caused power cuts in Cuba. The storm has hit US production in the Gulf of Mexico, which represents 15 per cent of US crude output. Reuters
Oil prices post weekly gain after hurricane causes disruption in US

Storm shuts down 22 per cent of crude oil production in Gulf of Mexico

EnergyNovember 08, 2024
John Benny
The EastMed pipeline, which was agreed on in 2020 by Greece, Israel and Cyprus, was floated as a potential solution to reduce Europe's dependence on Russian gas.
EU’s green agenda and Middle East conflict threaten to derail $7bn EastMed pipeline

Despite being a project of interest for the EU, the pipeline is struggling to attract investors, Cypriot minister says

EnergyNovember 07, 2024
John Benny
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