KUALA LUMPUR/WAM ADNOC, PETRONAS and Storegga announced today the signing of a Joint Study and Development Agreement (JSDA) to evaluate the carbon dioxide (CO2) emissions storage capabilities of saline aquifers and the construction of carbon capture and storage (CCS) facilities in the Penyu basin, offshore Peninsular Malaysia. The agreement is targeting at least 5 million tonnes per annum (mtpa) of ...

ABU DHABI/WAM As the world marks World Humanitarian Day on 19th August, the UAE reaffirms its commitment to humanitarian work with its ongoing relief efforts in Gaza. Through various initiatives under “Operation Chivalrous Knight 3,” the UAE has been at the forefront of providing aid to Palestinian people, reflecting the nation’s steadfast commitment to humanitarian causes. Over the past 288 ...

ABU DHABI/WAM The Abu Dhabi Chamber of Commerce and Industry, in cooperation with Etihad Credit Insurance (ECI), has developed a research paper, which revealed a 23.8% year-on-year (YoY) increase in the number of certificates of origin issued between January and May 2024, compared to the same period in 2023. In a press release on Tuesday, the chamber said that this ...