Browsing: Energy

The US will lose more than 30 gigawatts of solar energy during Monday’s total eclipse — roughly the output of 30 nuclear reactors — as sunlight is blocked during prime generating hours.

Oil producer Capricorn Energy said on Thursday it received a payment of $30 million this week from the Egyptian government after its debt to the company rose to $169 million last year.

Pointing to the still paltry share of renewable energy in global supply, the head of Saudi Aramco described the current energy transition strategy as a misguided failure on Monday.

RIYADH: Renewable energy capacity in the Middle East soared to a record high in 2023, with the addition of 5.1 gigawatts, marking a 16.6 percent increase from the previous year.

Ukrainian electricity imports have risen almost threefold, according to the Energy Ministry in Kiev, which also said the country has ceased almost all exports of electrical power following Russian strikes on infrastructure. 

RIYADH: Calls for completely abandoning oil and fully relying on renewable energy have been deemed “wrong” and “unrealistic” by Haitham Al-Ghais, the secretary-general of the Organization of the Petroleum Exporting Countries.

Contracts with domestic energy firms are aimed at boosting daily production in major fields of the sanctions-hit country

Following the cabinet meeting, Alexander Novak requested drafting proposals on further improvement of roadmaps on development of hydrogen energy

CAIRO: The EU and Egypt on Sunday signed a €7.4 billion ($8 billion) financial package to support the indebted North African country, boost energy sales to Europe and stem irregular migrant flows.

Oil demand will continue to increase and crude will maintain its status as a main energy resource for long decades