Dubai, UAE. July 26, 2017: Petrofac has secured a contract extension and a new award with a combined value of more than US$100 million for construction management, engineering, commissioning and start-up services for two International Oil Companies (IOCs) in Iraq.
The awards reflect the extensive track record Petrofac has been amassing in the country since 2010. Today’s announcement builds upon US$70 million of new awards in Iraq announced in April, giving the Group good visibility of future work in the country and securing around 250 jobs.
Mani Rajapathy, Managing Director, Engineering & Production Services East, said: “We’re delighted the IOCs in Iraq continue to choose Petrofac to support their operations. Iraq is an important market for us and, as evidenced by the number of ......read more
Milestone testing achievement represents a significant step towards the completion of Unit 2
Tests performed demonstrate commitment to achieving the highest standards of quality.
Abu Dhabi, UAE – 25 July 2017: The Emirates Nuclear Energy Corporation has successfully completed the Cold Hydrostatic Testing (CHT) at Unit 2 at the Barakah Nuclear Energy Plant located in Al Dhafra Region of Abu Dhabi. The completion of this milestone, which concluded approximately 12 months after the same tests were successfully completed on Unit 1, demonstrates a commitment to achieving the highest international quality and safety standards, across the four units of the Barakah Plant.
The CHT verifies that welds, joints, pipes and components of the reactor coolant system and associated high-pressure systems are ......read more
Mega-project at Phu Quoc Island, Vietnam to generate growth in the local area, significantly contributing to the modernization of the economy and supply channel in southern Vietnam
Strategically located, the Bonded Terminal System is set to make Vietnam a force in Southeast Asian for crude oil and refined petroleum products
H.H. Sheikh Khalifa Bin Khalid Bin Ahmed Al Hamed’s majority-owned Baron Point Petroleum seeks to finance the development and provide best-in-class, Abu Dhabi and American expertise
Abu Dhabi, 23 July 2017: Abu Dhabi-based Baron Point Petroleum Services Company L.L.C. (“Baron Point Petroleum”) has joined hands and engaged a joint-venture (“JV”) with PetroVietnam Oil Corporation (“PV Oil”), the national oil and gas company of Vietnam, to finance, ......read more
GCC LED lighting market estimated to comprise about 38% of the total lighting market in 2015
Dubai, U.A.E: The increase in global demand for lighting solutions, with an emphasis on energy efficient sources, is reshaping the lighting industry, while the continued market expansion in the region puts the Middle East in the spotlight as global majors target Light Middle East 2017.
The leading trade, networking and business generating event for the lighting design and technology industry in the region, Light Middle East returns to Dubai later this year, larger and more representative than ever before. Organisers Messe Frankfurt Middle East, are expecting the show to open at least 10% larger than the previous edition in terms of both area and number of exhibitors, underlining the increasing appeal of the region to global ......read more
*Article written by Christopher EL Khouri, Mechanical Engineer at DC PRO Engineering, a recognized world leader in the fields of District Energy, and regional pioneer in sustainable Green Building MEP Design
19 July 2017
With the increase of the temperatures in the GCC during the summer season, higher electric demand load will put pressure on air conditioning equipment in homes and offices around the city. DC PRO Engineering’s Christopher El Khouri provides six tips to reduce unnecessary energy consumption and keep bills down during the summer - and keep the environment happy.
Reduce electrical consumption in peak load hours (14:30-15:30). Daily summer temperatures are highest between 14.30 and 15.30. Consequently, air conditioning equipment consumes much ......read more
Abu Dhabi, 15 July, 2017: ADNOC Distribution has announced the opening of Seah Al Saram Service Station in Fujairah, taking the total number of service stations in its network to 460 across the country.
The latest addition to the network demonstrates the company’s sustained efforts to meet the growing demand for its high-quality products and services in the UAE.
Located on Martyrs Street near the area of Dibba Al Hosn, the service station consists of five islands with 8 dispensers offering E-Plus 91, Special 95, Super 98 and Green Diesel. The station has sufficient fuelling capacity to serve 16 vehicles simultaneously.
Saeed Mubarak Al Rashdi, Acting Chief Executive Officer of ADNOC Distribution, said: "The new Seah Al Saram service station further expands our comprehensive service station network ......read more
ADWEA leadership delegation visits Barakah and receives update on commissioning activities of Unit 1 of Barakah Nuclear Energy Plant
Peaceful nuclear energy will become a major provider of sustainable energy for the Nation
Tour of Units 2, 3 and 4 demonstrate major construction progress and preparations for quality nuclear operations
Tour demonstrated alignment with highest nuclear quality and safety standards
Abu Dhabi, UAE – 08 July 2017: His Excellency Dr. Saif Al Seiari, Acting Director General, Abu Dhabi Water and Electricity Authority (ADWEA), as well as senior leaders from ADWEA were hosted by ENEC’s Chief Executive Officer, Mohamed Al Hammadi, and executive management, during a visit to the Barakah Nuclear Energy Plant. The delegation was given a tour of Unit 1, which is now in the ......read more
ADNOC Distribution is the sole distributor of petroleum products in the Emirate
ADNOC Distribution’s service station network in Sharjah receives over 250,000 vehicles every day
ADNOC Distribution operates 89 service stations in Sharjah
Abu Dhabi, 08 July, 2017: ADNOC Distribution, the sole distributor of petroleum products in the Emirate of Sharjah through its comprehensive service station network, has announced the further consolidation of its presence in the Emirate with the opening of Al Meedan Service Station.
Located on Al Zahra Street adjacent to Government House Square in Sharjah, the new facility is part of the company’s continuous commitment to meet the growing demand for its high-quality products and services across the UAE.
The latest addition to ......read more
The Global Cooperation Agreement brings together countries such as Canada, China, Colombia, Denmark, Germany (European Union), Japan, Singapore, United Arab Emirates, United Kingdom and United States of America
Dubai, UAE, 1 July 2017: In an effort to enhance the conservational impact and development of district cooling in the UAE, Emirates Central Cooling Systems Corporation (Empower), the world’s largest district cooling services provider and a member of the Board of Directors of International District Energy Association(IDEA); and partners of the United Nations Environment Programme (UNEP) District Energy in Cities Initiative, signed a memorandum of understanding (MOU), a Global Cooperation Agreement at the 108th IDEA Annual Conference & Tradeshow held in Scottsdale, U.S.A, from 26 to 29 June ......read more
Covers KOTC vessels in Fujairah, Khor Fakkan and Singapore
Fujairah, UAE July 1, 2017: GAC Fujairah has been awarded a husbandry contract by the Kuwait Oil Tanker Company (KOTC) to provide ship supply services, spare parts handling and a range of other logistical services to its vessels arriving in Fujairah, Khor Fakkan and Singapore anchorage.
As part of global shipping, logistics and marine services provider GAC Group, GAC Fujairah worked in close cooperation with the Middle East Regional Office in Dubai and GAC Singapore to secure the deal.
Under the contract, the GAC team is set to handle approximately 450 jobs a year, a figure which is likely to grow as the KOTC fleet expands.
This is the third time GAC Fujairah is appointed by KOTC to provide husbandry services to its vessels. A KOTC senior management ......read more
Ahmad Bin Shafar presented his views and opinions on the pace of change in the district cooling industry during the ‘Global Leaders Plenary Panel Discussion’
Dubai, UAE, 28 June 2017: Ahmad Bin Shafar, CEO of Emirates Central Cooling Systems Corporation (EMPOWER), the world’s largest district cooling services provider, shared some of its latest best practices and innovations at the International District Energy Association’s (IDEA) 108th Annual Conference & Tradeshow held in Scottsdale, USA,from26 to 29 June2017.
“District Cooling has emerged as one of the best solutions to meet energy efficiency needs in response to global warming. The UAE has made considerable progress in this field and it was a pleasure to share and exchange some of the best practices and innovations ......read more
Abu Dhabi, 28 June, 2017: ADNOC Distribution recently opened the Mahawi North service station, located in the Mahawi area on the Abu Dhabi – Al Ain highway. This new addition takes the total number of stations in Abu Dhabi city and its suburbs to 98 service station and 10 ADNOC Xpress.
Throughout 6 islands and 12 dispensers; Mahawi service station will offer its customers with an around-clock conventional refueling services of fuel; E-Plus 91, special 95 and Super 98 as well as Green Diesel. In the future, the station will add natural gas for vehicles (NGV) facilities.
Saeed Mubarak Al Rashdi, Acting Chief Executive Officer of ADNOC Distribution, said: "The opening of these two new service stations represents the latest stage in ADNOC Distribution’s overall expansion strategy aimed at meeting growing energy ......read more
Dubai 20 June 2017: InSinkErator, a business unit of Emerson (NYSE: EMR), the inventor and the world's largest manufacturer of food waste disposers for home and commercial use, has been included by the Ministry of Energy for the third consecutive year, in the 2017 UAE State of Energy Report. InSinkErator was recognized for this contribution during the Ministry of Energy’s annual iftar.
Engineers at InSinkErator have identified that a 10 watt LED lightbulb could be powered for 17 hours by one pound of food. The conclusion is that by putting food waste directly into a digester or using disposers to divert food waste from landfills to advanced wastewater treatment plants is not only environmentally responsible but also makes commercial sense. In a system where biogas is captured for energy and the bio-solid ......read more
Abu Dhabi, 18 June, 2017: ADNOC Distribution’s has announced that an updated version of its free-to-download mobile app is now available for customers, suppliers and the public.
The upgraded app serves as a one-stop-shop for all ADNOC Distribution’s consumer-focused services. Comprehensive and friendly to use, the free mobile app enables customers to engage, interact, explore and stay-up-to date with ADNOC Distribution’s latest facilities and information.
Saeed Mubarak Al Rashdi, Acting Chief Executive Officer of ADNOC Distribution, said: “We are delighted to offer an improved user-friendly design and an expanded range of useful functionalities through our upgraded app. We have focused on ease of use for our customers and have introduced an online account management facility for ADNOC Smart and Rahal ......read more
Dubai, 15 June, 2017: As the region’s countries continue to inch closer to establishing knowledge-based economies and ICT becomes an integral part of everyday life, Dubai hosted the ICT Energy Efficiency Summit 2017, a two-day event that highlighted the latest innovations that drastically reduce energy consumption.
Organized by Huawei, the Summit saw over 100 high-profile delegates representing the ICT industry in the region, including local operators Etisalat and du, as well as regional players including STC and Vodafone. The event also saw the participation of policy makers, regional authorities and industry analysts.
The Summit highlighted topics include the road to smart ICT facilities, reducing operating expenditure (OPEX), solar energy applications in the ICT industry and ways to a green, connected ......read more
15 June 2017 - Dubai, UAE:
Gulf Energy Maritime (GEM), the Middle East's leading independent commercial product tanker operator has signed an AED275 million Shari'ah-compliant facility with Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE.
The agreement marks the first time GEM has raised funding of this kind through Islamic finance.
Commenting on the new terms, GEM CEO Ahmed Essa Hareb Al Falahi said: “The seven year facility is the first deal between GEM and Dubai Islamic Bank, the closing of this agreement is part of a long-term relationship with the bank as we look to extend our association. Providing custom-made services will assist the company to meet objectives to provide safe, high quality and economical operation of vessels and optimise shareholder value as well the purchase of new ......read more
13 June 2017
Petrofac has agreed a five-year relationship with Kuwait Oil Company (KOC) for the provision of specialist technical training and competency development services.
The contract, which is valued at more than US$35 million, was secured following a competitive tendering process and is effective immediately. The work will be undertaken within Kuwait by the Training Services team who form part of Petrofac’s Engineering & Production Services division.
Petrofac will support KOC in reviewing and updating its competency systems and will develop and deliver technical training programmes to enhance the capability of its operations and maintenance personnel.
Karim Osseiran, Vice President, Training Services, Engineering & Production Services, East said: “This is a highly innovative, ......read more
On June 1-3, IAEA Director General Yukiya Amano inspected several Russian nuclear facilities as part of his visit to the St Petersburg International Economic Forum.
On June 3, Mr. Amano visited the Leningrad Nuclear Power Plant, where he was introduced to the operation of the revamped power units and inspected the new launch-ready Generation 3+ VVER-1200 unit of the NPP.
During his visit, Mr. Amano expressed his high opinion of the Leningrad BPP’s safety systems, commenting that the new power unit comes originally equipped with additional protection systems compared to earlier projects. ‘The VVER-1200 unit’s multi-level produces a very powerful impression – in the event one system fails, another comes into effect, which is very correctly done,’ Mr. Amano noted.
Earlier, on June 1, Mr. Amano ......read more
Dubai, UAE, 12 June 2017: The technical committee of the Emirates Energy Award (EEA), which organised under the patronage of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, under the theme “Innovative solutions for clean energy”, held its first meeting in the headquarter of Dubai Supreme Council of Energy (DSCE). The meeting was led by Dr. Eassa Al Bastaki, chairman of the technical committee, in addition to the committee members, Saeed Al Abbar, Chairman of Emirates GBC, Habiba Al Marashi, Chairperson of the Emirates Environmental Group, Taher Diab, Secretary General of EEA, technical committee coordinator among other assessors experts.
Members of the committee reviewed during the meeting the applications received by Dubai Supreme Council of Energy to participate ......read more
For the fourth year in a row:
The campaign aims to reduce the energy consumption through optimal temperature setting
Dubai, UAE, 11 June 2017: As the mercury rises, Emirates Central Cooling Systems Corporation (Empower), the world’s largest district cooling services provider, has launched its nationwide summer campaign – ‘Smile at 24 degrees’. The campaign will be running for three months and it aims to reduce the energy consumption through optimal temperature setting, which will help to save the environment, energy, future for the generations to come, as well as save on energy bills.
To put simple ideas into action, Empower ran a pre-summer preparation campaign titled ‘8 Step Summer Campaign’ to ensure accuracy, efficiency and reliability of the usage of district cooling ......read more
Dubai, UAE, June 8, 2017: Petrofac has secured a long-term Framework Agreement (FA) with Petroleum Development Oman PDO) for the provision of Engineering, Procurement and Construction Management (EP+Cm) Support Services for major oil and gas projects.
The Agreement, which is for ten years with an additional five-year option, builds upon a three-year programme of EP+Cm support contract delivery Petrofac has undertaken on behalf of PDO. Future projects undertaken through the FA will be supported by Petrofac’s Muscat office for technical delivery and to ensure sustainable in-country value is generated.
Craig Muir, Group Managing Director, Engineering and Production Services, Petrofac said: “This is a landmark agreement between our two companies and marks a new level of collaboration between PDO and ......read more
The new A.T. Kearney Energy Transition Institute will develop and share technological, economical, and forward-looking insights on energy transition
Dubai, 07 June, 2017 - In a world where energy consumption results in 66% of global greenhouse gas emissions, senior leaders in the public and private sectors need to find ways to navigate a rapidly changing energy landscape while meeting increased pressure to combat climate change and keep global warming below the 2o target, says A.T. Kearney.
“UAE, Saudi Arabia and Kuwait offer large opportunities for the advancement of sustainable energy projects,” commented Kurt Oswald, lead partner of the A.T. Kearney Utilities Practice in the Middle East and board member of the A.T. Kearney Energy Transition Institute.
The UAE has taken huge strides and made ......read more
The new service will allow Empower’s customers to know the outstanding balance and make the payment of their district cooling consumption bills at all ENBD ATMs and CDMs across the UAE.
Dubai, UAE, 7 June 2017: Emirates Central Cooling Systems Corporation (Empower), the world’s largest district cooling services provider, launched payment facility for its customers through Emirates NBD (ENBD) bank’s ATMs and CDMs across the country. The new service is part of wider customer relation management (CRM) initiatives now being implemented by Empower.
The new service will allow Empower’s more than 65,000 customers to perform almost all the activities related to their district cooling consumption bills, such as viewing the outstanding amount, statements, making payments and getting a receipt at ENBD’s ......read more
NICEIC – British training and safety body for electrical contractors to help GCC authorities tackle high incidence of building fires caused by electrical faults
Dubai, UAE, 6th June 2017: - NICEIC, the UK’s electrical contracting industry’s independent voluntary regulatory body for electrical installation safety throughout the UK, is to establish a regional base in Dubai.
The expansion of NICEIC’s services comes after the introduction of Dubai’s new fire code in January 2017, which mandates third party independent inspections, strict accountability and a number of fines for non-compliance or a breach of standards.
Electrical faults are the most common cause of fire across the GCC. A study by Dubai Statistics Centre revealed 22% of fires between 2011 and 2013 were caused by electrical faults ......read more
Latest addition to IoT-enabled EcoStruxure™ architecture leverages advances in power distribution to improve operational and energy efficiency
Delivers safer, more reliable and efficient power in large and critical buildings and infrastructures
Simplifies building management, tracks and reduces energy costs and improves asset and maintenance efficiency in small and medium buildings
Dubai, UAE – June 05, 2017 – Schneider Electric, the global specialist in energy management and automation, has announced the introduction of EcoStruxure Power, a digital architecture for energy management in buildings that delivers significantly enhanced value to professionals in the power industry, including contractors, consulting engineers, panel builders and their end customers. With open integration, real-time ......read more
The study, conducted by Dubai Carbon, aims to map the behavioural patterns in food waste and other precious resources in support of the Emirate’s transition to a sustainable society
Dubai, United Arab Emirates: Continuing its efforts to boost sustainable living, Dubai Carbon has launched the emirate’s first social experiment focused on understanding lifestyle habits of the general ......read more
The meeting was held to review the assessment results of the introduction of district cooling in countries as Bosnia, Herzegovina, Chile, China, India, Serbia and Morocco among many others.
Dubai, UAE, 31 May 2017: With an aim to promote sustainable development of cities through energy efficiency, Emirates Central Cooling Systems Corporation (Empower), the world's largest ......read more
Abu Dhabi, 31 May, 2017: ADNOC Distribution has announced the opening of two new service stations in Abu Dhabi and Ras Al Khaimah, taking the total number of service stations in its UAE-wide network to 447: these include 347 stations dedicated to vehicles and boats and 100 stations serving specialised sectors.
The newly opened stations are the Tawazun service station in the Al Ajban area ......read more
Open IIoT approach helps customers digitize and bring new levels of intelligence, decision making capabilities, productivity and efficiency across multiple industries
Next-generation System Platform 2017 sets new standard for operational excellence, situational awareness and actionable intelligence, can be built on any hardware or software regardless of age or ......read more
- Fuel Assemblies ready to generate emissions-free electricity to
power the UAE, pending regulatory approval -
- Transport process focused on protecting the integrity
and exacting standards of fuel assemblies -
Abu Dhabi, UAE – 27 May 2017: The Emirates Nuclear Energy Corporation (ENEC) announced the successful receipt of the ......read more
Global energy system creating more jobs in renewables than in fossil-fuel technologies
Abu Dhabi, U.A.E., 24 May 2017 — More than 9.8 million people were employed in the renewable energy sector in 2016, according to a new report from the International Renewable Energy Agency (IRENA). Renewable Energy and Jobs – Annual Review 2017, released at IRENA’s 13th Council meeting, ......read more
innogy International Middle East and Dubai Carbon Centre of Excellence (Dubai Carbon) to develop Rooftop PV Projects in Dubai
Dubai, United Arab Emirates: In line with His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, and Ruler of Dubai’s vision and the UAE Vision 2021, it is evident that Dubai and the UAE are at the forefront of ......read more
Agency plans future work to drive sustainable energy revolution
Abu Dhabi, U.A.E., 23 May 2017 — More than 300 high-level government representatives from 110 countries and the European Union — the largest number ever represented at an IRENA Council meeting — gathered today in Abu Dhabi to attend the 13th Council of the International Renewable Energy Agency (IRENA). At the ......read more
Sunday, May 21, 2017 (Sharjah) - Sharjah National Oil Corporation (SNOC) and Sharjah Electricity and Water Authority (SEWA) have signed a full Gas Sales Agreement (GSA) targeting the supply of Natural Gas for power generation in the Emirate of Sharjah. The Agreement was signed by Sheikh Sultan Bin Ahmed Al Qasimi, Deputy Chairman of the Supreme Petroleum Council and President of SNOC and Dr. ......read more
Abu Dhabi, 17 May, 2017: ADNOC Distribution announced the opening of two new Xpress stations, marking the completion of the phase one of the construction of its Xpress station network. Launched to serve the most congested areas and roads in Abu Dhabi city and its suburbs, the Xpress station concept focuses exclusively on petrol fuelling services. A total of 10 stations have now been opened ......read more
Abu Dhabi, 17 May 2017 – The Zayed Future Energy Prize last night hosted a special reception for ambassadors from more than 30 countries to encourage international support for its upcoming 10th Anniversary edition. The event, hosted at the headquarters of the International Renewable Energy Agency (IRENA) in Masdar City, brought together diplomats as well as representatives from Abu ......read more
Mr Bin Sulayem visit Electric Way cables and electrical services center
Dubai, May 17, 2017:
DP World and its industrial park operator NIP (National Industries Park) will continue to back the Dubai Plan 2021 and play a key role in enhancing the Emirate’s position as a leading economic, industrial and commercial hub according to Group Chairman and CEO, Sultan Ahmed Bin ......read more
- H.E. Tarek El Molla, Minister of Petroleum and Mineral Resources opens Honeywell Oil & Gas Technologies Symposium in Cairo
- Honeywell Connected Plant solutions to enable Egypt to capitalize on full potential of its oil and gas reserves
Dubai, UAE - May 16, 2017 – Industrial Internet of Things (IIoT) and cloud-based solutions ......read more
- ISA UAE Automation Conference and Exhibition 2017 set to analyze challenges and opportunities for UAE’s oil and gas sector
Abu Dhabi, UAE, 15 May 2017: Oil and gas leaders from across the UAE are set to come together in Abu Dhabi on Tuesday, 16 May, as part of the 2nd ISA UAE Automation Conference and Exhibition 2017 to discuss automation and ......read more
May 14, 2017
Dubai, United Arab Emirates
The Sustainable Energy Programme Section team at the Mohammed bin Rashid Space Centre (MBRSC) participated in the International Passive House Conference in Vienna. Among the team members present at the conference were Engineer Abdulla Ahli, Manager of the Sustainable Energy Programme Section at MBRSC and Khalifa Majid Al Falasi, ......read more
Abu Dhabi, 10 May, 2017: ADNOC Distribution has announced a reduction of the retail price of unsubsidised LPG cylinders for the month of May 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 45 per 25lb, reduced from the earlier marked retail price of AED 52; AED 90 per 50lb, reduced from the ......read more
Khobar, KSA, May 9, 2017: Air Liquide Arabia (ALAR) announced today the startup of the Middle East’s first hydrogen pipeline network in the industrial city of Jubail, on the east coast of Saudi Arabia. Designed to transport large volumes of hydrogen to customers in both Jubail I and Jubail II, the network contributes to the development of the downstream industry, the optimization of ......read more
Khaled Al Qubaisi appointed Chairman of Tabreed’s Board of Directors
May 9, 2017 - Abu Dhabi, UAE: National Central Cooling Company PJSC (DFM: Tabreed), the leading regional district cooling utility company, today released its 2017 first quarter (Q1) financial results. The Company’s performance benefited from the new connections made last year, in addition to over 20,000 ......read more
- ENEC completes handover of Unit 1 systems to KHNP for commissioning, marking end of initial construction activities for the first of four units of the Barakah Project
- KHNP will lead the commissioning work of the first UAE-based APR-1400, as part of the scope of the 2009 Prime Contract
- Federal regulatory approval from ......read more
Dubai (May 3, 2017)– Under the patronage of the Islamic Affairs & Charitable Activities Department – Dubai, Advanced Conferences & Meetings (ACM) launched Mosque Design & Development Summit at Sheraton Grand Hotel, Dubai.
The summit was officially supported by the UAE Ministry of Infrastructure Development and Etihad ESCO and was inaugurated with a keynote address by ......read more
Modern 500 sq m showroom with high-end technology upgrades will offer seamless customer experience
BMTC announces further expansion in Abu Dhabi with all-new 300 sq m showroom in Musaffah to open in May
BMTC showrooms showcase entire portfolio of BMTC including lighting, electrical and water solutions
Dubai, UAE; May 3rd, 2017: Bahri & Mazroei Trading Company (BMTC), the ......read more
GPCA Expands Industry-Leading Responsible Care® and Gulf SQAS offerings Program Across the Supply Chain to the GCC’s Downstream Logistics Industry
Association to Highlight its Initiatives during GPCA Supply Chain Conference in Abu Dhabi
Dubai, United Arab Emirates, 1st May 2017 – The Gulf Petrochemicals and Chemicals Association (GPCA) continues to drive advancements in the ......read more
Abu Dhabi, 30 April 2017: ADNOC Distribution has launched the second development phase of the Officers City service station, located on Al Khaleej Al Arabi Street in Abu Dhabi. The implementation of this phase is designed to raise the station’s capacity to meet growing demand for its high quality services and products by increasing the number of available fuel pumps.
The second ......read more
Abu Dhabi – UAE April 29th, 2017 - SNC-Lavalin (TSX: SNC) is pleased to announce that it was awarded a contract by Saudi Aramco for engineering and project management services for the Berri Increment Program. New facilities are proposed at Saudi Aramco’s existing plants at Abu Ali and Khursaniyah to process a potential increased output of Arabian Light crude from the Berri Field on ......read more
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 ......read more