Risk premium ‘to return to oil markets in 2017’

The risk premium in the price of oil is expected to return next year. That would be due to instability in the Middle East – with wars in Syria and Yemen against the Islamic State – combined with the balancing of supply and demand in oil markets later this year, according to a new report. […]

Dubai shopping centre wins sustainability rating

A shopping centre in Dubai has won a prestigious global certification for being sustainable. City Centre Mirdif was awarded the Leadership in Energy & Environmental Design (LEED) Gold EBOM (Existing Buildings Operation and Maintenance) certification. It is the US Green Building Council’s programme that recognises best-in-class building strategies and practices. Majid Al Futtaim, which owns the […]

$25m to boost renewables in MENA region

A member of the World Bank Group is investing $25 million (£15.75M) to boost renewable energy in the Middle East and North Africa (MENA). The cash, provided by the International Finance Corporation (IFC), will be used by Alcazar Energy to develop solar and wind power plants in the Middle East, Turkey and Africa. The rapid growth […]

Renewables help water-scarce areas in the Middle East

It’s a win-win situation if the Arab countries meet renewable energy targets, said the International Renewable Energy Agency (IRENA). Water-scarce areas in the Middle East will save on costs and cut down on water use in regions where there is little supply. The IRENA report called ‘Renewable Energy in the Water, Energy, and Food Nexus’ […]

Hands off! Half of gas “must be left underground”

New research suggests a third of oil reserves, half of gas and more than 80% of current coal reserves around the world should be left in the ground and not be used before 2050. Academics at the UCL Institute for Sustainable Resources say they must stay put if global warming is to stay below the 2°C […]

Middle East energy companies “fairly risk ready”

Middle Eastern energy companies are fairly well prepared for risk according to new analysis. It suggests they benefit from modern technology plus plenty of space because more land is available meaning safer site layouts, in areas remote from population centres. The report by risk experts Marsh compared the region’s oil, gas and petrochemical facilities with […]

The Market Report – 8th October 2013

Find out the latest news on the energy market from Magali Hodgson, npower’s Product & Services Optimisation Manager, in this weekly update. If you are blocked from seeing this video and would like your own download, please email [email protected]

Guest Blog: Mervyn Bowden – What does energy security mean to us today?

May sound a simple and straightforward question but with news every day now of the crisis in the Middle East with the threat of interventions in Syria, perhaps it’s time to look at the way we manage our energy in a new and re-visited global context. The impact of situations such as Syria, which threaten […]

The Market Report – 27th August 2013

Find out the latest news on the energy market from Ben Spry, npower’s Client Portfolio Manager, in this weekly update. If you are blocked from seeing this video and would like your own download, please email [email protected]

UK firm wins contract for Arab city’s waste strategy

A British sustainability consultancy has won a contract to develop an integrated waste management strategy for the capital of Saudi Arabia. Ricardo-AEA was chosen by Arriyadh Development Authority to help set the city of Riyadh’s waste policies for the next two decades. The largest city in Saudi Arabia and home to one-fifth of the population, […]