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John Benny


Articles

A camp of internally displaced Palestinians at the Gaza border with Egypt. The war has added to oil market volatility. EPA
Oil prices rise after Israel rejects Hamas's ceasefire demands

Swiss lender UBS expects Opec+ to extend its voluntary cuts to the middle of the year

EnergyFebruary 08, 2024
One of Dewa’s key renewable energy projects is the Mohammed bin Rashid Al Maktoum Solar Park, the largest single-site solar park in the world. Photo: Mohammed bin Rashid Al Maktoum Solar Park
Dewa reports 15% increase in fourth-quarter profit

The company’s quarterly revenue rose 5.5 per cent annually to $1.93 billion

EnergyFebruary 08, 2024
The Khor Mor Gas plant is operated by Crescent Petroleum and Dana Gas. Photo: Crescent Petroleum
Dana Gas profit fell in 2023 on lower oil and gas prices

Sharjah-based company's revenue fell to $422 million last year, compared with $528 million in 2022

EnergyFebruary 08, 2024
Riyadh's skyline. Avalon Pharma’s listing would be the latest in a string of IPOs on the Tadawul, the biggest Arab bourse by market value. EPA
Saudi Arabia's Avalon Pharma raises $131m in Tadawul IPO

Final offer price set at 82 riyals per share, valuing the company at 1.64 billion riyals

MarketsFebruary 07, 2024
A Qatari LNG vessel at the terminal port in Swinoujscie, north-west Poland. EPA
QatarEnergy signs 20-year LNG deal with India’s Petronet

Indian company first entered into an agreement for the supply of liquefied natural gas from Qatar in 1999

EnergyFebruary 07, 2024
Adnoc Distribution’s board has approved a new five-year strategy for 2024-2028. Photo: Adnoc Distribution
Adnoc Distribution reports 61% rise in fourth-quarter profit

The company's revenue climbed nearly 17% annually to Dh9.56 billion

EnergyFebruary 07, 2024
Oil tanks at the Saudi Aramco oil facility in Abqaiq. Reuters
Aramco's U-turn 'will not hit demand for oilfield services'

World's largest oil exporting company likely to defer expansion projects at Safaniya and Manifa in the Arabian Gulf

EnergyFebruary 07, 2024
A high-efficiency alkaline electrolyser at a hydrogen fuelling station in Masdar City, Abu Dhabi. Chris Whiteoak / The National
Abu Dhabi teams up with UK’s Hycap in hydrogen project

British private equity fund opened office in Abu Dhabi Global Market last year to support expansion in region

EnergyFebruary 05, 2024
Israeli artillery fires towards Gaza. Oil prices closed more than 2 per cent lower on Thursday on unverified reports that Israel had agreed to a ceasefire proposal. Reuters
Oil set to record biggest weekly loss since November

Opec+ says it will continue to 'closely assess market conditions' amid Gaza ceasefire talks

EnergyFebruary 02, 2024
Irena director general Francesco La Camera speaks at the Renewables Talk event in Abu Dhabi. Khushnum Bhandari / The National
ExclusiveElections may slow energy transition, Irena chief says

Almost $5 billion committed through energy transition accelerator financing platform so far, Francesco La Camera says

EnergyJanuary 30, 2024
Dr. Sultan Al Jaber, Minister of Industry and Advanced Technology, visited Global Pharma. Source: Global Pharma
UAE minister hails Global Pharma's crucial role in industrial sector

Dubai-based Global Pharma is 'outstanding Emirati model for excellence', says Dr Sultan Al Jaber

EconomyJanuary 28, 2024
Drilling in the Yarakta oilfield, Russia. Global oil demand is expected to grow by 1.8 million bpd next year. Reuters
Oil prices rise amid US crude stock decline and China stimulus

American crude inventories fell by 9.2 million barrels last week

EnergyJanuary 25, 2024
An electric e-Actros truck at Daimler Truck's annual shareholders meeting in Stuttgart, Germany. AFP
Masdar teams up with Daimler Truck for liquid hydrogen exports to Europe

UAE aims to reach hydrogen production of 1.4 million tonnes annually by 2031

EnergyJanuary 25, 2024
The Suez Canal offers a gateway from the Red Sea to the Mediterranean and is key to global trade. AP
QatarEnergy warns of LNG delays due to Red Sea disruption

World's second-largest LNG exporter claims production has not been interrupted

EnergyJanuary 25, 2024
Solar panels in the Gobi desert. China is expected to see a big increase in electricity demand by 2026. AFP
Renewables to generate third of world's electricity by next year

Nuclear power is forecast to reach a record high

EnergyJanuary 24, 2024
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