By Ole Hansen
Head of Commodity Strategy / Saxo Bank
Commodities markets have seen big swings during the past month
Farm commodities under pressure from supply overhang and speculative selling
Precious metals surged around Easter on spike in geopolitical concerns
Gold is back testing key resistance, but could be in for short-term correction
Surprise jump in US gasoline stocks rattled oil-market bulls
Big commodity swings have been witnessed during the past month, not least in the farm sector where bloated global stocks and the prospect of another bumper year — weather permitting — have led to heavy selling by hedge funds across both soft commodities and grains. The latter have been hit particularly hard with a net short now seen in all of the key crops.
Industrial metals are on track for a second ......read more
Global CO2 emission to reach 43 Billion tonnes by 2040
Hydrogen to play a key role in resolving the energy storage dilemma
UAE - 18 April 2017
Towns, cities and individuals must be held accountable for the energy they consume and should be rewarded and penalized accordingly, George Berbari, one of the world’s foremost voices on district cooling technologies told the prestigious District Cooling Stakeholders Summit, in Dubai yesterday (18 April 2017).
Berbari, founder of UAE-based district cooling consultancy DC PRO Engineering, and author of the thought-provoking ‘The Energy Budget’ – which outlines a self-financing long-term solution to tackle climate change – outlined that with CO2 emissions expected to reach 43 billion tonnes globally by 2040, it is crucial that municipal official, government ......read more
Contest promotes innovation among business and engineering students
Winning team to visit Schneider Electric’s global facilities, receive employment offers from company
Dubai-UAE: 17 April, 2017 – Schneider Electric, the global specialist in energy management and automation, has launched the seventh edition of ‘Go Green in the City,’ its annual global challenge for business and engineering students that promotes innovative energy management ideas for smart cities.
Business and engineering undergraduate and post-graduate students from all over the world can join the competition until 12 May, 2017. Teams must submit a case study illustrating their ideas for innovative energy management solutions in cities related to one of the four topics: Strategy and Technology, Cooling Solutions, Energy ......read more
Empower announced recently a saving of 1000 MW of electricity, which is equal to AED 2.6 billion, as a result of using its district cooling services in 2016
Dubai, UAE, April 17 2017: Emirates Central Cooling Systems Corporation (Empower), world’s largest district cooling services provider, underlined the importance of district cooling as an environment-friendly alternative to conventionalair-conditioning. The company emphasised the importance of district cooling to real estate developers ahead of the upcoming Cityscape Abu Dhabi2017, one of the largest and most significant real estate events, which will take place at the Abu Dhabi National Exhibition Centre (ADNEC)from April18th to 20th 2017.
"District cooling is the need of the hour. It paves the way for economic advancements. The UAE is making remarkable ......read more
- Over 100 UAE Ambassadors briefed on the UAE Peaceful Nuclear Energy Program
- Delegation witnessed the exceptional progress made at Barakah
Abu Dhabi, UAE – 15 April 2017: The Emirates Nuclear Energy Corporation (ENEC) and Nawah Energy Company (Nawah) welcomed 117 of the UAE’s overseas diplomats to the Barakah Nuclear Energy Plant during a tour of the project, which included a briefing on the UAE’s Peaceful Nuclear Energy Program and the latest construction and commissioning milestones.
The UAE Ambassadors and Heads of Missions Abroad were hosted by ENEC CEO, Mohamed Al Hammadi, Acting CEO of Nawah Energy Company, Mohammed Sahoo Al Suwaidi, Barakah One Company CEO, Nasser Al Nasseri, ENEC’s Deputy CEO Ahmed Al Rumaithi, and other senior ......read more
ENGIE, through its subsidiary International Power SA, has been qualified in the first round of the tendering process for two renewable energy projects in Saudi Arabia. ENGIE is among the 27 companies selected for a 300 MW solar photovoltaic project, and among the 24 companies selected for a 400 MW wind farm. The shortlisted companies have been selected from a total of 128 applications.
The 300 MW solar photovoltaic project will be developed in the Sakaka area in the northern Al Jouf Province. The 400 MW wind farm will be built in the Midyan coastal area in Tabuk Province, which is also in the north. Both projects will be backed by long-term power purchase agreements (PPAs), i.e. 25 years for Solar PV and 20 years for Wind. The request for proposal process will be launched on 17 April, on the occasion of the Saudi Arabia Renewable ......read more
Abu Dhabi, UAE, April 11, 2017: ADNOC Distribution has announced a reduction of the retail price of unsubsidised LPG cylinders for the month of April 2017 in all service stations in the UAE.
As per the announcement that is set on the 10th of every month, the new reduced retail price is as follows: AED 52 per 25lb, reduced from the earlier marked retail price of AED 58; AED 104 per 50lb, reduced from the earlier marked retail price of AED 116; and AED 208 per 100lb, reduced from the earlier marked retail price of AED 232.
Saeed Mubarak Al Rashdi, Acting Chief Executive Officer of ADNOC Distribution, said: “Our competitive LPG cylinder prices are re-evaluated every month bearing in mind the interests of consumers and household customers in the UAE while taking into account fluctuations in international prices for the ......read more
- Sultan Ahmad Bin Sulayem: CNPC’s move reinforces the company’s presence in Middle East markets and consolidates Jafza’s position as a regional hub for the oil and gas sector.
- Zhu Junfeng: New headquarters brings together 16 organisations in CNPC Group under one roof
Dubai, United Arab Emirates,11 April, 2017: Jebel Ali Free Zone (Jafza), a DP World Company and the UAE’s flagship trade and logistics hub for the Middle East region and Africa and the China National Petroleum Corporation (CNPC), the largest integrated energy company in China, have signed an agreement to establish CNPC’s regional headquarters in Jafza to serve its customers in the Middle East.
The agreement was signed between Mohammed Al Muallem, CEO of Jafza and ......read more
• Construction in full swing on Oman’s second largest power plant
• Commercial operation to commence in less than two years
• Gas turbine project with capacity of over 1,700 Megawatts
06 April 2017 - Dubai UAE: Work is progressing fast on the construction of SOHAR III, a green-field, integrated combined-cycle gas turbine power plant located in SOHAR Port. The project is valued at over US$1 billion and is on track to commence commercial operations by January 2019. With more than enough capacity to power new developments in the recently announced SOHAR Port South and SOHAR Freezone Phase II expansions, the new plant will have a power output of over 1,700 Megawatts, making it Oman’s second largest power station.
Developed by Shinas ......read more
Empower accentuates the importance of implementing a less expensive and greener alternative to air conditioning to reduce energy consumption and carbon emissions
Dubai, UAE - 5 April, 2017: Emirates Central Cooling Systems Corporation (EMPOWER), the world's largest district cooling service provider, accentuated the importance of implementing a less expensive and greener alternative to air conditioning, such as District Cooling Solutions (DCS) tooptimise climate change and reduce energy consumption and carbon emissions. The announcement was made on the occasion of the “Sustainable Energy for all forum” in New York, United States. The international forum supports the efforts to enhance sustainability and energy saving all over the world.
A report titled ‘UAE Climate Change Risks & ......read more
Purchase is significant step in firm’s global expansion
Dubai-UAE: 4 April, 2017 – The BB Energy Group (BB Energy) today announced that it has purchased Pioneer Energy, Morgan Stanley’s diesel terminal in Australia, via its wholly owned subsidiary Wala B Terminal Holding PTY Ltd. In line with BB Energy's ongoing global expansion, the acquisition is the company’s first in Australia.
Pioneer Energy owns the largest diesel terminal in Mackay, Queensland that comprises three storage tanks, each with a capacity of 25,000 cubic metres. It is the only fuel terminal in the Australian port city that incorporates marine loading arms for safe, efficient and fast vessel discharge at 3,600 cubic metres per hour.
With a strong commitment to sustainability, the Mackay terminal is ......read more
Abu Dhabi - UAE; April 2, 2017 -- Saudi Arabian Oil Company (Saudi Aramco) today signed two separate Memorandums of Understanding with Abu Dhabi National Oil Company (ADNOC) and with Masdar, Abu Dhabi’s renewable energy Company, covering energy and technology collaboration, renewables, and carbon management.
Under the terms of the MoU between ADNOC and Saudi Aramco, the two companies will collaborate on identifying technologies that could deliver improved operational performance and efficiency across the oil and gas value chain.
The MoU was signed by H.E. Dr Sultan Ahmed Al Jaber, UAE Minister of State and ADNOC Group CEO and Amin H. Nasser, President and CEO of Saudi Aramco.
H.E. Dr Al Jaber said: “The United Arab Emirates and the Kingdom of Saudi Arabia have strong bilateral ties built on fraternity, ......read more
Dubai, UAE, 28 March, 2017: Emirates Maritime Arbitration Centre (EMAC) will be attending the 10th International Fujairah Bunkering & Fuel Oil Forum as a function sponsor. Taking place on 27 to 29 March at the Al Diar Siji Hotel in Fujairah, the annual event is held under the patronage of His Highness Sheikh Hamad bin Mohammed Al Sharqi, Ruler of Fujairah & Member of the UAE Supreme Council. Through the leadership of H.E. Dr. Mohammed Saeed Al Kindi, the Chairman of the Fujcon Steering Committee and EMAC board of trustee member, the conference brings together maritime stakeholders from all corners of the bunker trade.
Considered the Middle East’s most important bunkering forum, FUJCON is the anchor event held during Fujairah Bunkering Week, a dedicated professional training week comprising a conference, ......read more
Renewable resources lead the way in smart approach to sustainable development
Dubai, UAE, March 27, 2017: In today’s era, smart energy solutions are a prerequisite for the socio-economic development of the country. The smart energy solutions not only provide access to affordable, reliable, sustainable and modern energy solutions, but also drive the country towards its sustainable development goals. In wake of the above, the inaugural edition of ‘Future Cities Show’ in Dubai, UAE, which runs from April 2nd -4th, will shed light on smart energy solutions.
Future Cities Show 2017 is a global platform for companies and organisations engaged in developing an advanced infrastructure all over the world. It will attract big investors and those who have creative and innovative ideas to build future cities from economic, ......read more
Schneider Electric’s Gulf leadership team participates in knowledge exchange with USC students
Dubai, UAE: 26 March, 2017: Schneider Electric, a global leader in energy management and automation, hosted a delegation from the University of Southern California (USC), one of the world’s leading private research universities based in Los Angeles, in early March 2017 at its offices in Dubai.
Schneider Electric is one of five leading companies in the UAE that have been collaborating with graduate students at the Marshall School of Business at USC on field projects exploring emerging issues as part of an experiential MBA programme.
The course, developed and taught by Omar El Sawy, Kenneth King Stonier Professor of Business Administration at USC, focuses on digital business strategies for sustainability in dynamic ......read more
Wintershall continues on growth course
Robust portfolio ensures profitability
Positive free cash flow despite low prices
Kassel / Abu Dhabi, March 23, 2017: Wintershall is on a growth course despite the difficult conditions in the industry and attained an historic level of production in 2016 of 165 million barrels of oil equivalent (BOE). This means the company has increased its oil and gas production in the last ten years by around 50 percent. At the same time, Wintershall more than doubled its commercially recoverable oil and gas reserves in the same period from 814 million BOE to 1.62 billion BOE. “Solid foundations for further profitable growth in future too,” CEO Mario Mehren said at the company’s annual press conference and announced that the company would continue on its long-term growth ......read more
Reactor Coolant Loop (RCL) pipe welding completed, establishing new quality benchmark for global industry
Concrete pouring for containment building dome structure successfully completed
Abu Dhabi, UAE – 22 March 2017: The Emirates Nuclear Energy Corporation (ENEC) has successfully completed the welding of Reactor Coolant Loop piping and the Reactor Containment Building (RCB) dome structure for Unit 3 of the Barakah Nuclear Energy Plant.
The completion of pipe welding for the Reactor Coolant Loop has set a new global benchmark for quality in pipe welding, and the RCB dome structure marks the completion of the major construction activities for the building which houses the main components. These achievements mark another set of safe and on-time milestones in the construction of Unit 3, which is now 69 ......read more
Abu Dhabi, United Arab Emirates; March 22, 2017: EDF Group, via its subsidiary EDF Energies Nouvelles, a market leader in renewable energy electricity, has joined the Masdar-led consortium developing the 800-megawatt (MW) third phase of the Mohammed bin Rashid Al Maktoum Solar Park in Dubai.
The agreement formalising the company’s entry into the consortium was signed today by Jean-Bernard Levy, Chairman and CEO of EDF Group, and Mohamed Jameel Al Ramahi, CEO of Masdar, Abu Dhabi Future Energy Company.
His Excellency Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA), His Excellency Michel Miraillet, Ambassador of France to the UAE, and Antoine Cahuzac, Group Senior Executive Vice President for Renewable Energies at EDF Group and Chief Executive Officer (CEO) of EDF Energies ......read more
Dubai, UAE, March 22, 2017: The clock is ticking for UAE entities as they look forward to taking their place in the UAE Pavilion – one of the largest – at the International Specialized Exhibition EXPO 2017 "Future Energy", which will be held in less than 80 days’ time.
“With less than three months remaining until EXPO 2017, we are happy to announce that the preparations for the exhibition are almost over, and the participating countries are already starting to organize their pavilions”, said Akhmetzhan Yessimov, the Chairman of the Board of JSC National company Astana EXPO-2017.
The United Arab Emirates will host one of the largest pavilions at the event, spread over 980 square metres, that will feature a presence from major UAE organisations. EXPO 2017 will run from 10th June to 10th ......read more
Region outgrows global average of 2.2%
Dubai, United Arab Emirates, March 21, 2017: The petrochemical industry in the Arabian Gulf region grew at 3.7%in 2016 reaching 150 million tons of capacity, according to an annual study by the Gulf Petrochemicals and Chemicals Association (GPCA), outpacing the global average growth of 2.2%. The figures emerged from ‘Arabian Gulf Industry Year in Review’ part of GPCA’s recently released Annual Report.
Released today by GPCA, the go to resource for industry data in the region, the study highlights that the industry’s growth is largely due to new capacity added in Saudi Arabia, the region’s largest petrochemical producer with 99.1 million tons of capacity, representing a 66% share of regional capacity.
While the report highlights a fall ......read more
A surge of mega deals is approaching and will accelerate the “merger endgame” in multiple chemicals markets.
United Arab Emirates, Dubai, 21 March, 2017: Record-high M&A activity is set to transform the chemicals industry in 2017, according to A.T. Kearney’s new Chemicals Executive M&A Report. More than $300 billion of chemicals M&A deals are in the pipeline of which four pending mega deals represent 75 percent. Each of these large deals (Dow-Dupont, Bayer-Monsanto, ChemChina-Syngenta, Praxair-Linde) is valued between $40-70 billion, two to three times larger than any single deal seen in the past 10 years.
“The planned mega deals highlight a broader trend of diversified chemicals companies shifting their portfolios toward more pure play models. This shift is incentivized by the higher ......read more
Decarbonisation of global energy system, led by renewables and efficiency, would create economic gains
Berlin, Germany, 20 March 2017 — Global energy-related carbon dioxide (CO2) emissions can be reduced by 70% by 2050 and completely phased-out by 2060 with a net positive economic outlook, according to new findings released today by the International Renewable Energy Agency (IRENA). Perspectives for the Energy Transition: Investment Needs for a Low-Carbon Energy Transition, launched on the occasion of the Berlin Energy Transition Dialogue, presents the case that increased deployment of renewable energy and energy efficiency in G20 countries and globally can achieve the emissions reductions needed to keep global temperature rise to no more than two-degrees Celsius, avoiding the most severe impacts of climate ......read more
Abu Dhabi-UAE: 16 March, 2017: In keeping with its corporate social responsibilities, ADNOC Distribution announced its support for the GCC Traffic Week taking place across the GCC region from 12 to 18 March 2017. The 33rd edition of the annual traffic safety campaign is running under the theme of ‘Your Life is Trust’.
Throughout its nationwide service station network, ADNOC Distribution is seeking to raise awareness about the importance of adhering to speed limits, along with the dangers of using mobile phones behind the wheel, driving without a seat belt, and parking in spots designated for people with special needs.
Saeed Mubarak Al Rashdi, Acting Chief Executive Officer of ADNOC Distribution, said: "As a key supporter of transport and mobility operations across the UAE, ADNOC Distribution recognises ......read more
Company’s annual event from 11-12 April at Atlantis, The Palm to showcase advanced seamless digital connectivity platform - EcoStruxure™
Set to draw participation of around 2,500 attendees from Middle East and Africa
Dubai, UAE: 16 March, 2017: Schneider Electric, a global specialist in energy management and automation, is set to highlight how the future of energy management and automation is being redefined at the IoT-themed Innovation Summit on 11 and 12 April at Atlantis, The Palm in Dubai.
Currently in its fifth year, Schneider Electric’s flagship event will showcase the latest technologies providing homes, datacenters, hotels, healthcare, businesses, utilities providers and O&G operators with analytics, real-time data management and intelligence capabilities. The largest of ......read more
Bahrain Prepares to Host the Second Edition of the Middle East Heavy Oil Congress
Middle East Holds Nearly 1 Trillion Barrels of Heavy Crude Oil, accounting for nearly 30% of World Reserves: Industry Report
Kingdom of Bahrain – 13 March 2017: Technology and innovation will play an instrumental role in securing heavy oil’s valuable position in the global energy mix, according to the region’s industry experts.
Speaking ahead of the upcoming Middle East Heavy Oil Congress (MEHOC), the largest gathering of heavy oil professionals in the region, Dr Peter Bartlett, Chief Executive of the Bahrain Petroleum Company (Bapco), said overcoming the challenges associated with leveraging this complex – but invaluable – energy resource will depend on the industry’s ability to develop commercially viable ......read more
UAE, April 03, 2017 - Networked Energy Services Corporation (NES), a global smart grid market leader with the industry’s leading Patagonia Energy Applications Platform (EAP ™), remarks the UAE’s plan to opt for clean energy sources and deploy smart grid and meter solutions that will increase the contribution of renewable energy to the total energy mix in line with the UAE Energy ......read more
March 28, 2017: Sharjah Tatweer Forum (STF), a part of the Rubu’ Qarn Foundation for Creating Future Leaders and Innovators, has successfully organized a visit of the latest batch of participants of the Sharjah Leadership Program (SLP) to Masdar Clean Energy, a commercially driven renewable energy company based in Abu Dhabi. The visit sought to help future leaders understand the goals and ......read more
Dubai Carbon has become the local issuer of International Renewable Energy Certificate Standard (I-REC Standard) allowing end-users validate renewable energy consumption
Dubai, United Arab Emirates: Dubai Carbon has signed an agreement with I-REC Standard, the international organisation that facilitates robust attribute tracking systems for the reliable procurement of renewable electricity, ......read more
Feilo Sylvania is proud to be a Gold Sponsor of this year’s RetrofitTech Summit and Awards taking place at The Meydan Hotel, Dubai from 20-21 March 2017. The company will be displaying a raft of innovative lighting solutions that offer a high quality of light, energy-efficient performance and intuitive controls specifically designed for retrofit applications.
The event is now in ......read more
Etihad ESCO will soon float an ESCO tender for circa 650 facilities managed by Dubai’s Islamic Affairs and Charitable Activities Department
Dubai, United Arab Emirates: Etihad ESCO, the leading energy management services provider will soon float a tender seeking energy efficiency and water saving solutions for 650 facilities under Islamic Affairs and Charitable Activities Department. ......read more
Oil prices on Thursday saw a healthy $1 rise, sparked by the reductions in production by OPEC and non-OPEC producers that came into effect on January 1st.
This shows that investors are getting on board with the commodity, despite the concerns around the American crude oil inventory, which grew from 2.9 million barrels to 488.3 million barrels in just a week, according to the US Energy ......read more
Bab Al Sharq Station in Mohammed Bin Zayed City Starts Operation
Abu Dhabi,UAE, March 07, 2017: ADNOC Distribution announced the opening of Bab Al Sharq ADNOC Xpress station in Mohammed Bin Zayed City in Abu Dhabi as part of phase one of its plan to open 10 such stations to service the most congested areas of the city and its suburbs.
ADNOC Xpress stations have a longitudinal ground ......read more
Opens two new marine services stations in Abu Dhabi and Ras Al Khaimah
Move to better serve needs of fishermen and boat owners
Abu Dhabi, 05 March, 2017: In line with the initiatives of His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE, to ensure the highest quality of life for the people of the UAE and support the country’s sustainable development, Saeed ......read more
CEO of UAE-based DC Pro Engineering outlines the future for energy and why it is vital governments budget the use of power to save the environment
Dubai, UAE, March 2, 2017: “Global Warming is the biggest failure of the human race.” So says world-renowned energy expert George Berbari in his new book ‘The Energy Budget’, which was launched last night (Wednesday) in ......read more
ADNOC Distribution Opens Two New Xpress Stations in Abu Dhabi City
Abu Dhabi, 01 March, 2017: ADNOC Distribution announced the opening of two new Xpress stations in Abu Dhabi city as part of phase one of its plan to open 10 such stations to service the most congested areas of the city and its suburbs. The new stations are Al Qurm Xpress station, located on Sheikh Zayed Road, and Al ......read more
Agreement creates long-term value and will help protect ADNOC from energy market fluctuations
Abu Dhabi, UAE – February 22, 2017: The Abu Dhabi National Oil Company (ADNOC) has signed an agreement with Vitol, the world’s largest independent energy trader, for the sale of up to 528,000 tonnes per year of LPG, to Vitol, over the next 10 years.
The long-term agreement, ......read more
HE Ahmad Bin Shafar: ‘We have a firm commitment to provide the best cooling services by using eco-friendly technologies and Dubai takes a front seat in global discussions of district cooling’
Themed as “A Sustainable Future”, the conference is held in sync with International District Energy Association (IDEA)’s Board of Directors Meeting
Dubai, UAE, 21 ......read more
Abu Dhabi, 20 February, 2017: ADNOC Distribution announced today the opening of a Vehicle Inspection Centre (VIC) for light vehicles within the Motor World service station located in the Al Shamkha area in Abu Dhabi.
The opening ceremony was attended by Saeed Mubarak Al Rashdi, Acting Chief Executive Officer of ADNOC Distribution, Brigadier Ali Khalfan Al Dhaheri, Director-General ......read more
Concession entry valued at AED 6.5 billion
Deal strengthens strategic and economic relationship between UAE and China
Partnership will maximise onshore field value in support of ADNOC’s long-term growth objectives
Abu Dhabi, UAE – February 20, 2017: Abu Dhabi National Oil Company (ADNOC), today, signed an agreement with the China National Petroleum Corporation (CNPC), ......read more
The comprehensive National Inventory System will monitor critical data on climate change to help implement effective mitigation strategies
Dubai, United Arab Emirates: After the successful delivery of UAE GHG Inventory for three consecutive years, Dubai Carbon is now cooperating with the UN Environment (UNEP) to develop a National Inventory System (NIS) for GHG Emissions in the state of ......read more
The 42nd edition of Middle East Electricity is underway with a key focus on the development and implementation of Smart Cities across the region
Dubai, UAE, February 16, 2017: Middle East Electricity (MEE), which opened yesterday at the Dubai World Trade Centre, has put innovation at the forefront of the 2017 edition, with a keen focus on smart innovations and the current market products ......read more
IFS , the global enterprise applications company, and global IoT technology company The Marsden Group have signed a strategic partnership to jointly pursue opportunities in the oil and gas industry.
The Marsden Group is a global technology company specialized in developing advanced analytics in support of IoT solutions for the upstream oil and gas market. From its offices in the ......read more
ADNOC has a disciplined focus on operational efficiency and enhanced performance
Investments, collaboration, strategic partnerships and smart funding are key to meeting nation’s rising energy demand
Cairo, Abu Dhabi, 15 February 2017: His Excellency Dr. Sultan Ahmad Al Jaber, UAE Minister of State and ADNOC Group CEO said, today, the UAE is well prepared to meet future energy ......read more
The 42nd edition of Middle East Electricity opens with a key focus on the development and implementation of Smart Cities across the region
Dubai, UAE, February 15, 2017: His Highness Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and the Minister of Finance of the UAE, officially inaugurated the 42nd edition of Middle East Electricity (MEE) in the presence of other VIP ......read more
The HIT® solar panel’s low-temperature coefficient provides high-efficiency even in intense heat
Dubai, United Arab Emirates: Panasonic Marketing Middle East and Africa (PMMAF) is showcasing its trademark high-efficiency solar solutions at Middle East Electricity (MEE) 2017, region’s largest power exhibition, happening at Dubai International Convention Centre on February 14-16, ......read more
The leading eco solutions provider is showcasing its latest sustainable living concepts for the region at the three-day event
Dubai United Arab Emirates: Panasonic, a global leader in technology, is showcasing its path breaking products in the energy creation, air conditioning, and lighting segments at Middle East Electricity (MEE) 2017, region’s largest power exhibition, happening at ......read more
Sulphur production to double over next decade
Abu Dhabi, UAE – February 13th 2017: The Abu Dhabi National Oil Company (ADNOC) plans to capitalise on increased sulphur processing capabilities, by doubling production and targeting new markets in Africa, Asia, South America and Australia, according to Omar Suwaina Al Suwaidi, ADNOC’s Gas Management Director.
During his ......read more
European refineries eager to capitalize on MENA region’s rising demand by leveraging dedicated ‘Fats & Oils’ segment at Gulfood 2017
Growth in low-fat, low-cholesterol and low-calorie oils driven by health-conscious consumer demand
Dubai, UAE, February 13, 2017: An increasing appetite for olive oil is spearheading strong demand for edible oils across the Middle ......read more
Abu Dhabi, 12 February, 2017: ADNOC Distribution has announced the new retail price of unsubsidised LPG cylinders for the month of February 2017.
As per the announcement that is set on the 10th of every month, the new retail price is as follows: AED58 per 25lb up from the earlier marked retail price of AED53, and AED116 per 50lb from the earlier marked retail price of ......read more
Abu Dhabi, February 08, 2017: The Petroleum Institute (PI) signed a Memorandum of Understanding (MOU) with the Sharjah National Oil Corporation (SNOC) to conduct research on its oil and gas exploration and production in Sharjah. The agreement aims to exchange knowledge between the PI’s research team and SNOC’s E&P experts and to provide Msc and PHD internship opportunities ......read more