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Featured in Energy, Oil & Gas
Nawah Energy Company Establishes World's First Nuclear Language Proficiency Standards…

Committed to effective safety communication as part of a healthy nuclear safety culture, Nawah has developed the first language standards for the nuclear industry The Innovative Nuclear English Development Center in Barakah Nuclear Energy Plant supports continuous learning and development of all employees Abu Dhabi, UAE – 13 October 2018:   Nawah Energy Company (Nawah), the operator of the Barakah Nuclear Energy Plant in the Al Dhafra Region of Abu Dhabi, has become the first company in the world to develop English language standards for nuclear plant operations. These standards play a significant role in ensuring a high level of effective safety communication as part of a healthy nuclear safety culture.   With employees from more than 40 nationalities, Nawah is the most multinational and ......read more

Masdar Signs Region's First Green Revolving Credit Facility to Drive Sustainability Goals…

Abu Dhabi, October 11, 2018 -   Masdar, Abu Dhabi Future Energy Company, has signed a green revolving credit facility (RCF) with four local and international banks to provide funding for new and ongoing investments in its global clean technology and sustainable real estate projects. The facility, which is the first green RCF in the Middle East, has been arranged with the UAE’s First Abu Dhabi Bank, Societe Generale Corporate & Investment Banking, Japanese multinational banking and financial services company Sumitomo Mitsui Banking Corporation, and pan-European global banking and financial services group UniCredit - together the mandated lead arranger (MLA) and bookrunners – as part of their ongoing commitment to sustainable finance. The three-year facility includes a number of ‘green features’ ......read more

Masdar announces WiSER Pioneers Programme at Mohamed Bin Zayed Majlis for Future Generations…

Abu Dhabi, United Arab Emirates; October 11, 2018:  Masdar (Abu Dhabi Future Energy Company) has launched the Women in Sustainability, Environment and Renewable Energy (WiSER) Pioneers Programme, a year-round agenda aimed at nurturing young women aged 20-30 into the next generation of sustainability leaders through proactive engagement with policy makers, industry leaders, technical experts, entrepreneurs and community figures. The announcement was made at the second edition of the Mohamed Bin Zayed Majlis for Future Generations, held under the patronage of His Highness Sheikh Mohammed Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces. The WISER Pioneers Programme, involving access to bespoke educational workshops, global networking events, and highly sought-after professional ......read more

ENEC Hosts Supplier Forum to Support Growth and Development of Local Supply Chain…

Representatives of UAE-based suppliers were updated on the status of the Barakah Project and upcoming opportunities and requirements     Abu Dhabi, UAE – 10 October 2018: The Emirates Nuclear Energy Corporation (ENEC), in collaboration with its subsidiary, Nawah Energy Company (Nawah), hosted a Supplier Forum today in Abu Dhabi. The forum brought together delegates representing a diverse range of UAE-based companies as well as employees from ENEC and Nawah.   The forum is an integral component of ENEC’s ongoing efforts to support the development and growth of a local supply chain that can meet operational service, spare part and consumable requirements for the safe, secure and efficient construction and operation of the Barakah Nuclear Energy Plant for the next 60 years or more. The forum ......read more

ADNOC and BHGE Form a Strategic Partnership to Improve Drilling Efficiencies and Grow ADNOC Drilling into a Fully-Integrated Drilling and Well Construction Business…

Strategic partnership will expand ADNOC Drilling’s capabilities into the integrated drilling and well construction segment and expand BHGE’s presence in the UAE BHGE will acquire a five percent stake in ADNOC Drilling, valuing the business at $11 billion, and the partnership will enable ADNOC Drilling to gain greater market access and new business opportunities ADNOC Drilling will obtain exclusive access to BHGE capabilities, market leading technology and equipment portfolio in the UAE to strengthen its service offering, technical expertise, improve drilling efficiencies and know-how ADNOC will capture more value from growth across its conventional and unconventional hydrocarbon resources, expand local talent development opportunities and generate greater in-country value for the UAE Abu Dhabi, UAE – ......read more

ENEC Continues to Inspire New Generations of Future Energy Pioneers…

ENEC engages with students at Al Sila School as part of Schools Outreach Program Students learn about peaceful nuclear energy and its importance to the future growth and development of the UAE Abu Dhabi, UAE – 3 October 2018:   The Emirates Nuclear Energy Corporation (ENEC) organized a visit to Al Sila School, located in the Al Dhafra region of Abu Dhabi Emirate. During the visit, students took part in a variety of activities and learned about the UAE Peaceful Nuclear Energy Program and its importance to the future growth and development of the nation.   The visit to Al Sila comes as a part of ENEC’s ongoing Schools Outreach Program, which focuses on raising awareness and understanding of the UAE Peaceful Nuclear Energy Program, educating students of all ages on how nuclear energy is used, and ......read more

Barring Oil Or Geopolitical Risks, Gulf Banks' Financial Profile Should Stabilize in 2019…

GCC banks' financial profiles should remain stable in 2019, absent any unexpected geopolitical or oil-price shock. Bank lending growth should stabilize at around the 5% mark over the next 12 months, as higher oil prices and stronger public investments raise economic growth in the region overall. We expect profitability to stabilize--with return on assets at about 1.5%-1.7% and net interest margins at 3% on average in 2018--benefitting from the higher interest rates and significant non-interest-bearing deposits on banks' balance sheets. International operations could pose a latent risk for some GCC banks. A few banks with exposure to Turkey will see some impact on their asset quality. Three-quarters of the 24 GCC banks we rate carry a stable outlook. Negative outlooks are concentrated in Qatar and on a few banks in ......read more

WCU: Signs of life as dollar weakens and trade tensions ease…

By Ole Hansen, Head of Commodity Strategy at Saxo Bank Dubai, UAE, September 23, 2018:  The Bloomberg Commodity Index, which tracks the performance of 22 major commodity futures, rose from the ashes this past week. The 2% gain occurred after some early weakness after the US announcement of additional tariffs on $200 billion worth of Chinese imports.  The broad-based recovery that followed in global stocks and currencies was driven by a combination of the US tariffs coming in at the lower 10% bracket and China, while responding with its own counter tariffs, announcing plans to cut taxes, lift consumption, and lowering its average tariff rate on imports from most of its trading partners as soon as October.  While these developments may have helped sentiment, a proper de-escalation in China / US relations has yet to ......read more

IYNC and the UAE Discuss the Way Forward for Global Nuclear Energy at IAEA General Conference…

The International Youth Nuclear Congress and the UAE Permanent Representation to the International Atomic Energy Agency co-hosted a side-event at the 62nd IAEA General Conference in Vienna, Austria Young professionals from the UAE, USA, China, Russia and France share their views on the future of nuclear energy and technology Dubai, UAE, September 20, 2018:  The International Youth Nuclear Congress (IYNC) and the United Arab Emirates (UAE) Permanent Representation to the International Atomic Energy Agency (IAEA) facilitated a discussion on the role of young people in the future of the nuclear industry with representatives from around the globe. The two organizations co-hosted a side-event at the 62nd IAEA General Conference today, with opening remarks from Ambassador Hamad AlKaabi, Permanent Representative of the UAE to the ......read more

ENEC Highlights Importance of International Cooperation and Capacity Development at the IAEA 62nd General Conference…

ENEC participates in 62nd Annual Regular Session of the IAEA General Conference, UAE side event and International Youth Nuclear Congress event ENEC CEO updated the attendees on the status of the Barakah Nuclear Energy Plant Project   Abu Dhabi, UAE – 19 September 2018: The Emirates Nuclear Energy Corporation (ENEC) participated in the 62nd  Annual Regular Session of the IAEA General Conference, taking place at the IAEA International Center in Vienna, Austria, from 17 to 21 September 2018. The ENEC delegation to the Conference is led by Eng. Mohamed Al Hammadi, Chief Executive Officer of ENEC.   Eng. Mohamed Al Hammadi delivered a speech during the special event hosted by the UAE on the side-lines of the General Conference, in which he updated attending officials and representatives from IAEA member ......read more

Masdar, ADFD and PUC partner to build solar power plant with battery storage in Seychelles…

5MW Ile de Romainville Solar Park being developed with financing worth AED31 million from Abu Dhabi Fund for Development as well as funds from PUC’s own equity Solar PV project to be integrated with existing 6MW Port Victoria Wind Farm and PUC’s existing power station   Abu Dhabi, United Arab Emirates; Sept 12, 2018 – Masdar, Abu Dhabi Future Energy Company, will help the Public Utilities Corporation (PUC) in building a five-megawatt (MW) solar photovoltaic (PV) power plant with battery storage in the Republic of Seychelles The project is being financed by a AED31 million loan from Abu Dhabi Fund for Development (ADFD), the leading national entity for development aid, as well as funds from PUC’s own equity.   The project’s engineering, procurement and construction (EPC) contract ......read more

Why the Modern-Day Oil and Gas Industry Needs Millennials to Survive?…

September 11, 2018 - Dubai UAE: A 2016 report by McKinsey & Company found that 14 percent of millennials said they would not work in the oil and gas industry because of its negative image – the highest percentage of any industry. With millennials set to comprise 75 percent of the workforce by 2025, it is imperative companies within the oil and gas industry do more to attract younger talent.  In recent years, the oil and gas industry has seen the landscape in which it operates undergo significant change, marked by a West-East shift in socio-political and economic power and influence. This shift in influence is perhaps most exemplified by the long-awaited free trade agreement (FTA) between the European Union (EU) and the Gulf Cooperation Council (GCC).  The six countries of the GCC represent an important ......read more

Yahsat and Hughes to Form Joint Venture to Deliver Satellite Broadband Services…

Hughes and Yahsat to provide commercial Ka-band satellite broadband service across Africa, Middle East and southwest Asia Dubai, UAE, September 10, 2018:  Yahsat, a leading global satellite operator based in the United Arab Emirates (UAE) and wholly owned by Mubadala Investment Company, and Hughes Network Systems (HUGHES), a subsidiary of EchoStar Corporation (NASDAQ: SATS), today announced an agreement to enter into a joint venture to provide commercial Ka-band satellite broadband services across Africa, the Middle East and southwest Asia. This new venture combines Hughes deep expertise as the global leader in broadband satellite networks and services with Yahsat’s unique position and knowledge as the leader in satellite broadband solutions across these regions.  Hughes will purchase a minority interest in the ......read more

SNC-Lavalin awarded West Qurna phase 2 oil field contract in Iraq…

Dubai, UAE, September 09, 2018:  SNC-Lavalin (TSX:SNC) is pleased to announce that it has been awarded a framework agreement for project support services with LUKOIL Mid-East for the West Qurna phase 2 oil field in Iraq. “We continue to build on our long-term relationship with LUKOIL and to help them realize their projects successfully. Once again, we look forward to demonstrating our expertise in the delivery of professional services and our enviable reputation that has been earned in the region for over 50 years,” said Christian Brown, President, Oil & Gas, SNC-Lavalin. “We are well established in the Middle East and have worked closely with national and international oil companies and Iraq’s Ministry of Oil on projects across the value chain, ranging from professional services to engineering and ......read more

Gazprom Neft, Mubadala Petroleum and the Russian Direct Investment Fund (RDIF) announce the completion of a transaction to jointly develop oil fields in Western Siberia…

Dubai, UAE, September 05, 2018:  Gazprom Neft, Mubadala Petroleum and the Russian Direct Investment Fund (RDIF, the sovereign wealth fund of the Russian Federation) have announced the completion of a transaction establishing a joint venture to develop oil fields in the Tomsk and Omsk regions of Western Siberia.  Further to an agreement announced on 24 May 2018, Gazprom Neft has now completed its sale of a 49-percent interest in Gazpromneft-Vostok LLC, operator of 13 fields, to Mubadala Petroleum and RDIF. Following the completion of this transaction Gazprom Neft now holds a 51-percent interest in the joint venture, with Mubadala Petroleum and RDIF holding 44 percent and five percent equity, respectively. Gazpromneft-Vostok remains a subsidiary of Gazprom Neft, and will continue to operate the fields. The ......read more

Čibuk 1 wind farm in Serbia reaches key construction milestone…

Dubai, UAE, September 04, 2018:  A collaboration between Masdar, Taaleri Energia and the German development finance institution DEG to develop the largest utility-scale commercial wind project in Serbia has successfully reached a number of key milestones, and is on schedule to start production early next year. Čibuk 1 in Dolovo, situated 50km outside the capital Belgrade, has completed the construction of 33 overhead pylons allowing for the energisation of the wind farm’s substation, its connection to existing transmission lines 11km away, and the handover of the transmission operation building to its operator.    Comprising 57 wind turbines supplied by GE Renewable Energy, the 158-megawatt (MW) wind farm is expected to provide electricity to 113,000 homes and displace more than 370,000 tonnes of carbon ......read more

Atlantic Council Global Energy Forum Returns to Abu Dhabi in 2019…

Abu Dhabi, UAE, September 04, 2018:  The third annual Atlantic Council Global Energy Forum will be held in Abu Dhabi on January 12-13, 2019, again kicking off Abu Dhabi’s Sustainability Week. The two-day premier event gathers international and regional political, industry, and thought leaders to set the global energy agenda for the year and examine the longer-term geopolitical and geo-economic implications of the changing energy system. The conference agenda this year will focus on the future of oil, the digitization of energy, diversification in energy companies and countries, and will have a regional focus on East Asian energy demand and energy innovation. Last year’s event brought over 450 people to Abu Dhabi from around the world, including CEOs, Ministers, global media, and industry experts. The forum will ......read more

FANR and Khalifa University Sign Collaborative Research Agreement…

2 September 2018, Abu Dhabi, United Arab Emirates: The Federal Authority for Nuclear Regulation (FANR) and Khalifa University of Science and Technology (KU), have signed a collaborative research agreement focused on advancing nuclear safety research and educating the UAE’s next generation of peaceful nuclear energy professionals. The agreement was signed during a ceremony held at FANR’s headquarters by Christer Viktorsson, Director General of the Federal Authority for Nuclear Regulation, and Dr. Arif Sultan Al Hammadi, Executive Vice President of Khalifa University. According to the new agreement, FANR and KU will continue their joint work on the Advanced Thermal-hydraulic Test Loop for Accident Simulation Project Phase 2 (ATLAS-2), an international project jointly organized by the Organization for Economic Co-operation ......read more

Public-Private Partnerships to boost Economic development in the Gulf…

Oliver Wyman releases new report highlighting the impact of PPPs on national infrastructures across major Gulf economies  Dubai, United Arab Emirates, 07 August 2018:  In recent years, since the oil price slump, plans have emerged across the Gulf to curb fiscal deficits and diversify economies, most notably through the development of national infrastructure, highlights a new report by Oliver Wyman.   Titled “How Public-Private Partnerships can support the Gulf’s Economic development,” the report highlights the significance of the private sector’s contribution to the emerging economies. Public-Private-Partnerships (PPPs) stand among the main levers being considered in the Gulf as a means to boost private sector contribution to the economy and to offload some of the financing burden from ......read more

The 2nd Edition of the Phanes Group Solar Incubator set to kick off 7th August 2018…

Winner(s) will be announced at the “Unlocking Solar Capital: Africa 2018” conference in November Dubai, UAE, August 07, 2018:  Phanes Group, an international end-to-end solar provider headquartered in Dubai, UAE, has announced the 2nd edition of its Solar Incubator program, aimed at identifying PV projects of potential in sub-Saharan Africa by providing support to funding, and commercial and technical knowledge. The initiative held under the theme, “Your Project, Our Expertise, For a Sustainable Future”, will be held in collaboration with Hogan Lovells, responsAbility Renewable Energy Holding, RINA and Solarplaza, and invites PV developers to submit proposals for projects based in sub-Saharan Africa that have a clear Corporate Social Responsibility (CSR) component. Candidates are asked to submit ......read more

Barakah Unit 2 Successfully Completes Significant Pre-Operational Testing…

Unit 2 Hot Functional Test (HFT) completed successfully as part of testing and commissioning in preparation for operation Nawah operators benefit from unique plant operating experience Abu Dhabi, UAE – 6 August 2018:   The Emirates Nuclear Energy Corporation (ENEC) has successfully completed Hot Functional Testing (HFT) on Unit 2 of the Barakah Nuclear Energy Plant. This significant pre-operational testing process incorporated all lessons learned from the same test on Unit 1 in order to achieve the highest international standards of quality, safety and efficiency.   ENEC worked closely with the Korea Electric Power Corporation (KEPCO), the Joint Venture partner and Prime Contractor for the Barakah project, and under the observation of the Federal Authority for Nuclear Regulation (FANR), the ......read more

Tabreed's H1 2018 Net Profit Increases 10% To AED 211.9 Million…

2 August, 2018 – Abu Dhabi, United Arab Emirates:   National Central Cooling Company PJSC (DFM: Tabreed), the leading regional district cooling utility company, today released its consolidated financial results for the first half of 2018. The company continues to meet the region’s growing demand for district cooling and deliver solid performance and growth.   Financial highlights – six months ended 30 June 2018: Net profit attributable to the parent increased by 10 per cent to AED 211.9 million (H1 2017: AED 192.7 million) Group revenue increased by 2 per cent to AED 650.7 million (H1 2017: AED 639.2 million) Core chilled water revenue increased by 2 per cent to AED 617.3 million (H1 2017: AED 602.3 million) EBITDA increased by 6 per cent to AED 326.1 million (H1 2017: AED 308 ......read more

Nawah Energy Company Celebrates the Graduation of 195 ‘Energy Pioneers'…

Abu Dhabi, UAE – 25 July 2018:   Nawah Energy Company (Nawah), the nuclear operating joint venture company established by the Emirates Nuclear Energy Corporation (ENEC) and Korea Electric Power Corporation (KEPCO), celebrated the graduation of 195 students who are specializing in nuclear energy as part of the ‘Energy Pioneers’ scholarship program. The graduates successfully completed nuclear science and technology focused courses from various institutions of higher education in the UAE and abroad, including Khalifa University (Abu Dhabi), Abu Dhabi Polytechnic, and Pennsylvania State University, Texas A&M University and North Carolina State University in the United States of America.  Nawah Chief Executive Officer, Mr. Mark Reddemann, congratulated the students in his speech, and emphasized ......read more

The Sustainable City further reduces its carbon footprint by adopting B100 Bio-Diesel…

The renewable fuel alternative is manufactured from the used cooking oil produced by restaurants at The Sustainable City Dubai, United Arab Emirates, 18 July 2018:   The Sustainable City, the Middle East’s first fully operational sustainable community, has adopted B100 biodiesel to fuel the construction of the new buildings in phase 2 including Fairgreen International School, Hotel Indigo, and the innovation centre. The renewable fuel alternative is manufactured from the used cooking oil consumed by the restaurants at the community plaza, and will allow The Sustainable City to reduce its carbon footprint by up to 150 tons of carbon dioxide per year during the construction period. Faris Saeed, CEO of Diamond Developers — the company behind The Sustainable City — commented: “As The Sustainable City ......read more

DP World and EGA Sign Important Agreement to Support Aluminium Exports…

New 175,000-square metre facility in Jebel Ali Free Zone to connect to global markets Dubai, United Arab Emirates, 16 July 2018:-   DP World, UAE Region, the Middle East’s leading regional trade enabler, today signed an important Strategic Long Term Service Agreement  with Emirates Global Aluminium (EGA), the largest industrial company in the United Arab Emirates outside oil and gas, aimed at supporting the UAE’s position as a major exporter of the metal. The agreement extends the strategic partnership between the two companies, facilitating the storage and transportation of aluminium manufactured by EGA. As part of the agreement, EGA is leasing a dedicated storage area that is the largest the company has ever used at Jebel Ali Port and which will further ease the export of EGA’s metal ......read more

Other Top Stories from Energy, Oil & Gas
 
Etihad ESCO throws spotlight on retrofit program achievements at MEFMA CONFEX 2018…

May 1, 2018- Ali Al Jassim, CEO of Etihad Energy Service Company (Etihad ESCO), threw the spotlight on the energy and cost savings achieved through successful implementation of retrofit programs by Etihad ESCO in the emirate, during his participation as a keynote speaker at the 8th MEFMA CONFEX, which was recently held in Dubai. The two-day event, organized under the theme ‘Sustainable FM ......read more

FMS Tech has been approved as an official in-vehicle monitoring system (IVMS) supplier in Oman…

FMS Tech is now one of seven exclusive suppliers approved in OPAL’s first round of approvals 29 April 2018, Dubai, United Arab Emirates:  Oman Society for Petroleum Services (OPAL) recently announced Fleet Management Systems & Technologies (FMS Tech) as one of its seven approved in-vehicle monitoring systems (IVMS) suppliers for Oil and Gas Transportation Safety Technology in ......read more

ENEC to Focus on Safety Culture at EmiratesSkills Abu Dhabi 2018…

Abu Dhabi, United Arab Emirates, 24 April 2018:  The Emirates Nuclear Energy Corporation (ENEC) is highlighting the importance of prioritizing health and safety, during its participation in the EmiratesSkills 2018 National Competition, held at Abu Dhabi National Exhibition Centre from 23 to 25 April 2018. ENEC is the official Health and Safety sponsor and exhibitor, emphasizing the ......read more

Masdar and Costa Rican Electricity Institute to advance renewable energy development…

Abu Dhabi, United Arab Emirates, April 24, 2018:  Masdar (Abu Dhabi Future Energy Company) and the Costa Rican Electricity Institute (Instituto Costarricense de Electricidad, or ICE) have announced a collaboration to promote renewable energy development.  Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar, and Eugenia Gutierrez, Member of the Board and Director of ICE, ......read more

Game Changing technologies take centre stage at Middle East Static Equipment Engineering & ...…

Featuring 75 per cent international visitors, 80 per cent decision makers and 65 per cent trade visitors, the event witnessed more than 200 visitors and over 150 delegates on the first day of the event The event witnessed participation from Saudi Council of Engineers, Sahara Petrochemicals Company, Orpic, Saudi Aramco, ADNOC Gas Processing and SABIC among many others United Arab ......read more

Gulf Petrochemicals and Chemicals Association (GPCA) Marks Earth Day with New Report Release…

On the important occasion of Earth Day, GPCA is pleased to announce the release of the 4th Progress Report, highlighting a major increase in global efforts to prevent marine litter Dubai, United Arab Emirates, 22 April 2018 – The Gulf Petrochemicals and Chemicals Association (GPCA), the voice of the chemical industry in the Arabian Gulf region, today marks Earth Day with the release of ......read more

Dubai Energy Efficiency Training Program inaugurates its first training session …

April 19, 2018 - Ali Al Jassim, CEO of Etihad Energy Service Company (Etihad ESCO), officially inaugurated the first session of the Certified Measurement & Verification Professional (CMVP) program recently, alongside Professor Abdullah Al Shamsi, Vice Chancellor of the British University in Dubai (BUiD). The session, which forms part of the Dubai Energy Efficiency Training Program, was held ......read more

Government of Ras Al Khaimah Makes Key Appointments to Ras Al Khaimah Petroleum Authority…

- Nishant Dighe Chief Executive Officer of RAKPA Ras Al Khaimah, United Arab Emirates, 19 April 2018:   After the recent announcement of the Government of Ras Al Khaimah appointing His Highness Sheikh Ahmed Bin Saud Bin Saqr Al Qasimi as Chairman of Ras Al Khaimah Petroleum Authority (“RAKPA”), Nishant Dighe is appointed as Chief Executive Officer of RAKPA. Nishant Dighe, ......read more

Awaidha Al Marar applauds success of operating Taweelah A2 by UAE Nationals …

UAE, April 10, 2018 – H.E. Engineer Awaidha Murshed Al Marar, Chairman of the Department of Energy - Abu Dhabi, lauded the Emirates CMS Power Company’s (ECPC) initiative aimed at managing and operating Taweelah A2 in Abu Dhabi by UAE Nationals for one month, noting that its success in achieving its objectives further boosts Emirati employees to handle leading roles in the future ......read more

Final Dome Structure Completed at Barakah Nuclear Energy Plant…

    Construction of Reactor Containment Building Dome Structure for Unit 4 successfully completed; the final unit of the Barakah Plant     Unit 4 Reactor Coolant Loop (RCL) pipe welding and setting of key equipment also completed Abu Dhabi, United Arab Emirates, 10 April 2018:  Reaching another milestone in the development of the Barakah Nuclear Energy ......read more

Mubadala Petroleum Signed Andaman I PSC in Indonesia…

Abu Dhabi, 09 April, 2018:  Mubadala Petroleum announces that it has signed the Production Sharing Contract (PSC) for Andaman I, as awarded by the Government of Indonesia in the 2017 Indonesian Licence Round.  Mubadala Petroleum is the operator of the Andaman I PSC and a partner in the Andaman II PSC, operated by Premier Oil, which was also signed last week. The Andaman I and II ......read more

Etihad Energy to host the 4th Annual RetrofitTech Dubai Summit and Awards…

April 8, 2018 - In line with their collective efforts to make Dubai a leading example of energy efficiency for the region and the world, Etihad Energy Service Company (Etihad ESCO) and TAQATI- the dedicated program management office for the Dubai Demand Side Management (DSM) strategy - are hosting and strategically endorsing the 4th Annual RetrofitTech Dubai Summit and Awards on April 10 and 11, ......read more

Global Renewable Generation Continues its Strong Growth, New IRENA Capacity Data Shows…

Sector adds record 167 gigawatts (GW) of generating capacity, expands 8.3% in 2017 Abu Dhabi, UAE, 07 April 2018:   By the end of 2017, global renewable generation capacity increased by 167 GW and reached 2,179 GW worldwide. This represents a yearly growth of around 8.3%, the average for seven straight years in a row, according to new data released by the International ......read more

Ensuring water security for future generations is the biggest challenge, says Suhail Al Mazrouei…

Dubai, United Arab Emirates, April 3, 2018:  The biggest challenge for the UAE’s Minister of Energy and Industry is ensuring water security for the country’s future generations.  Speaking at the inaugural edition of the Global Leaders Forum, held in Dubai on April 3, 2018, His Excellency Suhail Al Mazrouei, the UAE’s Minister of Energy and Industry, said, ......read more

Government of Ras Al Khaimah Launches Petroleum Licensing Round…

Ras Al Khaimah, United Arab Emirates, 2 April 2018:  The Government of Ras Al Khaimah has announced the official launch of RAK’s 2018 petroleum licensing round (the “Licensing Round”) and the establishment of the new Ras Al Khaimah Petroleum Authority – the regulator responsible for the Licensing Round tendering process and ongoing management of petroleum rights. ......read more

Torresol Energy Celebrates Ten Years of Solar Thermal Power Generation…

Collaborative Masdar- and SENER-backed solar company has paved the way for the development of more efficient concentrated solar power (CSP) technologies Dubai,UAE, March 29, 2018: In the ten years since it was established through a collaboration between Masdar, Abu Dhabi’s renewable energy company, and SENER, the Spanish engineering and technology specialist, Torresol Energy has ......read more

Gulf Oil Middle East partners with Al Naboodah Group Enterprises to enhance its UAE distribution ...…

DUBAI – March 29, 2018:   Gulf Oil Middle East Ltd (GOMEL), a part of Hinduja Group and a wholly owned subsidiary of Gulf Oil International Ltd (GOI), announced its strategic partnership with Al Naboodah Group Enterprises (ANGE), one of the leading conglomerates in the UAE. Under the agreement, ANGE will distribute Gulf Oil’s entire range of automotive and industrial ......read more

Renish Group officially launches Alaska International with higher storage capacity …

March 27, 2018 - Renish Group, a growing company in oil space, has officially launched its Hamriyah port-based storage facility in the UAE, the Alaska International FZE, with higher capacity at 22 tanks as part of its continuing efforts to boost its storage ability and expand its operations in the Middle East.   Renish Group acquired Alaska International in 2013 with just 60,000 m3 ......read more

ENEC Showcases Opportunities in the UAE Peaceful Nuclear Energy Program at National Service Career ...…

ENEC’s wide range of technical scholarships offer talented students the opportunity to develop nuclear-related skills and acquire hands-on experience Abu Dhabi, UAE – 27 March 2018:   The Emirates Nuclear Energy Corporation (ENEC) and its operating subsidiary Nawah Energy Company (Nawah) have offered a wide range of scholarships and showcased unique career opportunities ......read more

Masdar and Korea Energy Agency to explore renewable energy collaboration and investment…

  Abu Dhabi, United Arab Emirates, 27 March 2018:  Masdar, Abu Dhabi Future Energy Company, announced the signing of a memorandum of understanding (MoU) with the Korea Energy Agency (KEA) for renewable energy collaboration and investment between the Republic of Korea and the United Arab Emirates (UAE).  Mohamed Jameel Al Ramahi, Masdar’s Chief Executive Officer (CEO), and ......read more

Geopolitics lift oil and gold while hurting copper…

  US places $50 billion worth of tariffs on Chinese goods     Sanctions in focus on appointment of Iran hawk John Bolton     Crude oil trades higher, industrial metals retreat Dubai, UAE, March 25, 2018:   Global growth is in the crosshairs as the US and China square off in a trade war.  By Ole Hansen The geopolitical stage looks ......read more

IRENA to Help Deliver Low-Carbon 2022 Winter Olympics in Zhangjiakou, China…

International Renewable Energy Agency to support Zhangjiakou, in Hebei Province,  become China’s first energy transition pilot city Dubai, United Arab Emirates, 24 March 2018:  The International Renewable Energy Agency (IRENA) has today signed a co-operation agreement with the People’s Government of Hebei Province, China to provide the city of Zhangjiakou with a ......read more

Masdar celebrates fifth anniversary of flagship Middle East solar energy project Shams 1…

Abu Dhabi, United Arab Emirates, March 22, 2018:  Shams Power Company, the developer, owner and operator of the UAE’s first large-scale solar power project, Shams 1, is celebrating five years of uninterrupted electricity generation at the plant this month.  Located in Al Dhafra, Abu Dhabi’s western region, the 100 megawatt-capacity (MW) Shams 1 was the largest ......read more

Pegaga Gas Development in Malaysia Approved…

Abu Dhabi, 21 March 2018:  Mubadala Petroleum and its partners PETRONAS Carigali Sdn Bhd (PETRONAS Carigali) and Sarawak Shell Berhad have reached the Final Investment Decision for the Pegaga gas field development in Block SK 320, offshore Malaysia. The project will now proceed to the construction and installation stage. Mubadala Petroleum is Operator of Block SK 320 with 55 percent ......read more

Dubai launches an Integrated Energy Efficiency Training Program…

TAQATI, the dedicated Program Management Office for the Dubai Demand Side Management (DSM) strategy and which is set up under Etihad Energy Service Company (Etihad ESCO), entered into a partnership with the British University in Dubai (BUiD) for the Dubai Energy Efficiency Training Program as part of its mandate. Etihad ESCO CEO Ali Al Jassim signed the agreement with BUiD Vice Chancellor Prof. ......read more

ABB records steady growth in the UAE…

Digitalization and clean energy integration transforming the energy landscape in the country Dubai, UAE, March 15, 2018:   ABB, the pioneering technology leader, has recorded steady and sustained growth in the United Arab Emirates in 2017.  “ABB is seeing profitable growth and a huge opportunity in this market as we are partners to both the energy and industrial ......read more

Abu Dhabi Fund for Development Allocates AED64 Million for Two Renewable Energy Projects in ...…

 Dual projects designed to enhance Seychelles' capacity to produce renewable energy from sustainable resources  ADFD-funded energy projects electrify thousands of homes in island nation Abu Dhabi-UAE: 12 March, 2018:   Abu Dhabi Fund for Development (ADFD), the leading national entity for development aid, today announced an allocation of AED64.2 million for the ......read more

Agreement signed in the presence of His Highness Sheikh Mohammed Bin Zayed Al Nahyan, and Italian ...…

Mubadala Petroleum signs agreement with Italian company Eni to purchase interest in Shorouk Concession • Mubadala Petroleum acquires 10 percent interest in the Shorouk Concession in Egypt   Abu Dhabi, 12 March 2018:  Mubadala Petroleum and Italy’s Eni signed an agreement to purchase a 10 percent stake in the Egyptian Shorouk Concession. The signing ceremony ......read more

Masdar to Install Rooftop Solar PV Systems at Khazna's Masdar City Facility…

Abu Dhabi, UAE, 4 March 2018 –   Masdar, Abu Dhabi Future Energy Company, a subsidiary of the Mubadala Investment Company (Mubadala), today announced that it will install a 290-kilowatt (KW) solar photovoltaic (PV) system to serve the facility of Khazna Data Centres (Khazna) in Masdar City.  In the presence of Khaled Al Qubaisi, Chief Executive Officer, Aerospace, ......read more

Henkel boasts strong sustainability record in 2017…

Sustainability performance improved once more  More than 50,000 employees serving as sustainability ambassadors Partnership launched to stop ocean plastic  Leading positions in international indices and ratings  Dubai, UAE, March 03, 2018:   “In 2017, we made clear progress in implementing our sustainability strategy and reaching our sustainability ......read more

French Electricity expertise to be showcased once again this year at Middle East Electricity'…

Discover French innovations from March 6 to 8 at the French Pavilion, Dubai World Trade Centre Dubai, UAE, March 01, 2018:  Business France is once again presenting the world-class, innovative and dynamic French electricity sector via the French Pavilion at the Middle East Electricity Exhibition from the 6th to the 8th of March. As a key platform for the introduction of new products and ......read more

ENEC Appoints Peter Dietrich as Chief Nuclear Officer…

Mr. Dietrich brings more than 27 years of international nuclear industry experience Abu Dhabi, UAE – 28 February 2018:  The Emirates Nuclear Energy Corporation (ENEC) has appointed Peter Dietrich as the Corporation’s Chief Nuclear Officer (CNO). Mr. Dietrich brings substantial international industry expertise from his 27-year career in the nuclear sector.  The position ......read more

Awareness: The key to unlocking benefits of energy efficiency…

February 24, 2018 - Awareness enhancement is a key impetus for the achievement of the Dubai Demand Side Management (DSM) targets. Behavioral changes are only possible when people and organizations are aware of their energy consumption, and of measures and practices they can adopt to reduce their consumption. Even small changes in seemingly insignificant everyday practices can go a long way in ......read more

Puma Energy Hosts “Be Road Safe” Event in Dubai…

Opportunity to help local truck drivers drive more safely  DUBAI, United Arab Emirates – 22nd February 2018 –   Puma Energy, the global integrated midstream and downstream energy company, hosted its first Be Road Safe event specifically created for the United Arab Emirates (UAE) in Dubai on Thursday, February 22nd. The event aims to promote the importance of road ......read more

ENEC Demonstrates Commitment to Environmental Protection and Sustainability during Visit by UAE ...…

Al Zeyoudi: The Barakah Nuclear Energy Plant will contribute to meeting the UAE Energy Strategy and the realization of the UAE’s voluntary commitments to the Paris Agreement The project will improve air quality by cutting down up to 21 million tonnes of carbon emissions every year Abu Dhabi-UAE – 21 February 2018 -   His Excellency Dr Thani bin Ahmed Al Zeyoudi, ......read more

Renewable energy prospects for the European Union…

Dubai, UAE, February 20, 2018:  For more than two decades, the European Union (EU) has been at the forefront of global renewable energy deployment. The adoption of long-term targets and supporting policy measures has resulted in strong growth in renewable energy deployment across the region, from a 9% share in gross final energy consumption in 2005 to 16.7% in 2015. The REmap study by the ......read more

French Electricity expertise to be showcased once again this year at Middle East Electricity…

Discover French innovations from March 6 to 8 at the French Pavilion, Dubai World Trade Centre Dubai, United Arab Emirates, 15 February 2018 –   Business France is once again presenting the world-class, innovative and dynamic French electricity sector via the French Pavilion at the Middle East Electricity Exhibition from the 6th to the 8th of March. As a key platform for the ......read more

WGS 2018: DEWA Is Shaping the Future of Utilities with an Innovative and Holistic Approach…

His Excellency Saeed Mohammed Al Tayer: Dubai is a global model for clean energy and green economy  Dubai-UAE: 14 February, 2018 –  A holistic view of the energy sector is driving innovation at the Dubai Electricity and Water Authority (DEWA), said His Excellency Saeed Mohammed Al Tayer, Managing Director and Chief Executive Officer of DEWA, on day three of the sixth World ......read more

Global energy shifts set to transform the Middle East energy sector…

Recent A.T. Kearney report released during the World Government Summit identifies three key steps required for the Middle East to prepare for the future of energy   Dubai, United Arab Emirates 13 February 2018 —   Growing global diversification of the energy mix and an increased share of natural gas, renewables and electrification, is challenging conventional ......read more

Renish Group appoints new CEO for Southeast Asia to strengthen presence in the region…

February 05, 2018 – Industry experts are optimistic that the oil and gas storage industry in some key global markets is poised for significant increase driven by strong oil demand, vibrant logistics activity in the oil and gas, and robust international and domestic trade activities. The international oil storage sector is projected to rise at a compound annual growth rate of 4.2 per cent ......read more

Al Naboodah Group Enterprises expands into solar energy…

Under recently-launched Al Naboodah Electrics, the new business is dedicated to providing renewable energy solutions in partnership with Jakson Group  Dubai, UAE, January 05 2018 –   Al Naboodah Group Enterprises (ANGE), one of the UAE’s oldest and most respected family conglomerates with a diverse portfolio of businesses, is entering the solar energy space with the ......read more

UL's Global Energy Experts Educate Audience at 2018 World Future Energy Summit in Abu Dhabi…

Experts cover the latest international best practices in drone safety standards, energy storage solutions and risk management for solar and wind projects at WFES. Abu Dhabi, February 04, 2018 —   UL (Underwriters Laboratories, a safety science leader, introduced a team of energy experts from across the globe to a captivated audience at the World Future Energy Summit (WFES) in ......read more

Rosatom showcased innovative energy technologies and solutions at the World Future Energy Summit in ...…

January 29, 2018,  Abu Dhabi –   Rosatom participated in the World Future Energy Summit (WFES) that took place in Abu Dhabi, UAE, on January 15-18.  The WFES is the foremost global annual event dedicated to advancing renewable energy and clean technologies. The Summit is traditionally held as part of Abu Dhabi Sustainability Week, under the patronage of His Highness ......read more

ADNOC Distribution to open 13 new stations in the UAE and KSA in 2018…

3 new stations to open in Dubai 3 major station extensions in Abu Dhabi Abu Dhabi, UAE – January 24, 2017: ADNOC Distribution, the UAE’s leading fuels and convenience retailer, has announced plans to open at least 13 new service stations in 2018 including, for the first time, sites in Dubai and the Kingdom of Saudi Arabia.    Three new service stations are ......read more

Investments Exceeding USD 15 Billion Announced During World Future Energy Summit 2018 in Abu Dhabi…

Ground breaking technology on show from 850 exhibiting companies from 40 countries  Major water security milestones and investments announced for Abu Dhabi at International Water Summit USD 45 million worth of contracts signed by Tadweer at EcoWASTE Exhibition  Abu Dhabi, 22 January 2018:   More than USD 15 billion worth of projects and funding was announced at the ......read more

Abu Dhabi Quality and Conformity Council Awards Emirates Motor Company First Abu Dhabi ...…

Abu Dhabi-UAE:21 January 2018 –  Abu Dhabi Quality and Conformity Council (QCC), the entity responsible for developing quality infrastructure in the emirate of Abu Dhabi, has awarded Emirates Motor Company (EMC) the first Abu Dhabi Certification for Electric Vehicle Supply Equipment.  EMC, the authorised distributor of Mercedes-Benz in the emirate of Abu Dhabi and the ......read more

Nawah Energy Company participates in Climate Innovation Exchange (CLIX)…

Al Suwaidi: we are committed to implement international best practices to preserve the environment    20 January 2018, Abu Dhabi, UAE:  H.E. Engineer Awaidha Murshed Al Marar, Chairman of the Department of Energy, met with executives and directors of several national energy companies participating in the Climate Innovation Exchange (CLIX), an international platform based ......read more

Masdar Institute and Cleanergy Partner in Research on Thermal Energy Storage for the Cleanergy ...…

Dubai, UAE, January 18, 2018:  Renewable energy solutions that can deliver on-demand electricity and store energy when renewable resources are available, is the key component for transitioning into fossil fuel-free power generation. Masdar Institute of Science and Technology, which is part of the Khalifa University of Science and Technology, and the Swedish solar technology company Cleanergy ......read more

IHG® partners with Global EVRT for ‘Electric Vehicle Road Trip Middle East 2018'…

Dubai, United Arab Emirates, 17 January 2018:   InterContinental Hotels Group (IHG®), one of the world’s leading hotel companies, has partnered with e-mobility think tank Global EVRT for the ‘Electric Vehicle Road Trip Middle East 2018’, starting on January 18th with an inaugural event at Crowne Plaza® Abu Dhabi – Yas Island. The collaboration will ......read more

Major Business Deals Announced on Day Two of World Future Energy Summit in Abu Dhabi…

Tadweer signs waste contracts worth AED165 million at EcoWASTE Exhibition Abdul Latif Jameel Energy Secures Financing for Mexican Solar Farm that will Power 150,000 Homes Abu Dhabi Water and Electricity Authority launches tender for world’s largest reverse osmosis desalination plant ACWA Power announces plans to become first utility scale generator to adopt SolarCoin 17 ......read more

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