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Oman’s reliance on foreign investments will grow

Location:

OMAN

OMAN: Reliance on foreign investments will grow

Algeria is set for more renewable energy generation

Location:

ALGERIA

In March, Sonelgaz awarded 19 contracts for the installation of almost 3 gigawatts of solar power generation capacity. Increasing the renewables mix in Algeria's energy balance…

Trade will tighten Gulf-South Korea relations

Location:

GULF STATES/SOUTH KOREA

Previously, in December 2023, South Korea signed a landmark free trade agreement (FTA) with the six-nation Gulf Cooperation Council (GCC), only the bloc’s second with a major…

Egypt will prioritise its renewable energy sector

Location:

EGYPT

It has experienced a surge in investment in renewable energy, with projects worth USD4.4bn under development and prospective investments of a further USD6bn. Renewable energy is…

Gulf economies are on a stable track despite risks

Location:

GULF STATES

The IMF has revised downwards its forecast for Saudi GDP growth in 2024 to 2.7% but raised its 2025 forecast to 5.5%. This reflects a positive medium-term outlook for the Gulf…

Brazil renewables will gain priority amid challenges

Location:

BRAZIL

Brazil has one of the cleanest energy matrixes in the world by international standards. However, the production of oil and oil derivatives continues to grow, and the country is…

US oil and gas revival will reach new records in 2024

Location:

UNITED STATES

Unlike earlier booms based on exploiting new fields, US producers are raising production by adopting new technologies, process efficiencies, economies of scale and financial…

EU will struggle to meet new climate targets

Location:

EU

If approved, the targets will profoundly shape EU economic and environmental policy over the next two decades. The power sector will bear most of the decarbonisation burden to…

Saudi Aramco will seek to manage rapid industry change

Location:

SAUDI ARABIA

Yet this follows a government directive that the company cancel increases in its maximum sustainable capacity (MSC) of crude oil production from 12 million barrels per day (b/d…