Dubai PR Network, Online Press Release from Dubai and Middle East
Featured in Energy, Oil & Gas
Schneider Electric presents Villaya Emergency for easier access to energy in emergency situations…

The increase in humanitarian emergencies calls for mobile, clean, reliable and affordable energy access solutions Villaya Emergency can be deployed on site in less than 30 minutes to provide energy for impacted areas  Dubai (United Arab Emirates) – 12 December 2018 –   During a humanitarian crisis, electricity is often difficult to access. Schneider Electric , the leader in digital transformation of energy management and automation, is launching Villaya Emergency, a solar microgrid solution ready to use in any situation thanks to a system combining Schneider Electric technologies and the expertise of innovative start-ups.    Facilitating access to clean, reliable and affordable energy during humanitarian emergencies   Whether due to the geopolitical context, natural disasters or ......read more

At COP24, Schneider Electric Strengthens its Commitment to Become Carbon Neutral by 2030…

The Group will present innovative solutions to fight climate change in Katowice Schneider Electric’s experts & leaders will actively participate at COP24 Dubai, UAE, December 10, 2018:  At a time when the latest IPCC report calls for urgent action to fight climate change, Schneider Electric, the leader in digital transformation of energy management and automation, is accelerating its contribution to meeting the United Nations’ Sustainable Development Goals. To mark the occasion of COP24 in Katowice (Poland), from December 3 to 14, 2018, Schneider Electric is strengthening its commitments to become carbon neutral by 2030 using solutions that will help accelerate the transition towards a low carbon economy.   Carbon neutral by 2030 “The climate emergency is growing, and new players are ......read more

Mubadala Petroleum completes the acquisition of a 20 percent interest in the Nour Concession in Egypt…

Abu Dhabi, 10 December 2018:   Mubadala Petroleum announces that it has completed the acquisition from Italy’s Eni of a 20 percent participating interest in the Nour North Sinai Offshore Area (”Nour”) concession, an offshore exploration block in Egypt.  In the concession, which is in participation with Egyptian Natural Gas Holding Company (EGAS), Eni as operator through its subsidiary, IEOC, now holds a 40 percent interest. The other partners in the concession are BP with 25 percent interest and Tharwa Petroleum Company with 15 percent interest.  Dr. Bakheet Al Katheeri, Chief Executive Officer, Mubadala Petroleum signed a deed with Eni completing the sale to Mubadala Petroleum in the presence of the Egyptian Minister of Petroleum, H.E. Tarek El Molla, in Sharm El Sheikh.  Dr. Al ......read more

Backing the next generation of solar power innovators…

As the Solar Decathlon Middle East 2018 comes to an end, German bathroom brand sponsor hansgrohe – and its regional partner ITC – say the future is looking brighter for protecting the environment  09 December 2018, Dubai, UAE:   Solar energy could one day supply most of the world’s energy needs, but it is crucial that individual countries invest in the next generation of innovators to make that happen.  As always, the UAE has been leading the way in pioneering new technology and new thinking. The just concluded Solar Decathlon Middle East 2018 (SDME), hosted by DEWA in collaboration with the US Department of Energy Dubai, was an intriguing competition that challenged students from various international universities to design and build a 150 square metre residential house that is entirely ......read more

Oil rallies on Opec+ production cut, gold breaks higher…

By Ole S Hansen, Head of Commodity Strategy at Saxo Bank Dubai, UAE, December 09, 2018:  Commodities received a late boost after the Opec+ group managed to agree to a decent output cut; gold, meanwhile, received a bid following a weak US jobs report. The market’s overall focus stayed with the US-China trade war and the increased prospect of a US slowdown.  Commodities found a bid on Friday to finish the week higher after the Opec+ group – following 24 hours of negotiations – agreed to a production cut large enough to support the market. Gold, meanwhile, traded above $1,240/oz in response to a weaker than expected US nonfarm payrolls report. Until Friday, the market had been struggling amid continued worries about the economic impact of the ongoing trade war. US and global stock markets gyrated wildly ......read more

Middle East economies are still dominated by oil sector development…

Dubai, UAE, December 01, 2018:  According to ICAEW’s latest Economic Insight report, economic recovery in the Middle East is slowly gathering momentum after last year’s slump, when economic growth slowed to an eight-year low at only 0.9%. Overall, the Middle East’s GDP is expected to grow to 2.3% in 2018, though growth remains below the 2010-2016 average of 3.9%. The accountancy and finance body says oil continues to dominate and shape the macroeconomic outlook for Middle Eastern economies, despite major economic diversification efforts. Economic Insight: Middle East Q4 2018, produced by Oxford Economics, says the same factors that slowed down economic growth in 2017 are now contributing to the overall economic recovery. Oil prices have hit their highest levels since the end of November 2014 in recent weeks at ......read more

UAE's non-oil sector drives economic growth in 2018…

Dubai, UAE, November 28, 2018:  According to ICAEW’s latest Economic Insight report, the economic outlook for UAE is set to accelerate to 2% this year, up from the eight-year low of 0.8% in 2017, supported by rising oil prices, regional economic recovery, higher public spending and investment and a gradual build-up in business momentum. The accountancy and finance body says the non-oil sector, which represents close to 70% of the UAE’s economy, is driving the country’s economic growth this year. Economic Insight: Middle East Q4 2018, produced by Oxford Economics, says the oil sector is expected to remain a drag on growth in 2018, as overall production has remained limited in the first half of 2018 at an average of 2.85 million barrels per day, down by almost 2% from the average of 2.91 million barrels per day in ......read more

PLC System partners with Dubai Carbon as demand for renewable energy increases…

28th November 2018, Dubai, UAE:   Dubai Carbon has enabled yet another key energy player to enter the UAE renewable energy market, following the signing of an agreement with energy experts PLC System S.r.l. Mr. Francesco Esposito, Sole Director of PLC System S.r.l signed a joint venture agreement with the CEO of Dubai Carbon, Mr. Ivano Iannelli signaling the increasing growth of Dubai Carbon’s portfolio of renewable energy partners, strengthening their position as the region’s renewable energy experts, and supporting the U.A.E.’s commitment towards a greener economy.   The partnership between the two leaders in the renewable energy market will enable access to advanced systems required to generate renewable energy and in turn achieve the stringent targets set out in Dubai’s Clean Energy ......read more

Italian water tech major DAB to cater to the higher demand for energy-efficient tech solutions…

At Big 5 Dubai 2018, DAB launches the world’s best energy-efficient water management solutions for urban development DUBAI - November 27, 2018:   DAB Water Technology, an Italian frontrunner in the global water management industry, brings to Dubai a range of solutions utilising the advantages of renewable energy for urban development. At Big 5 Dubai 2018, taking place from November 26 to 29 at Dubai World Trade Centre, DAB introduces a range of solutions, focused on innovation, digitalisation and safety of people.  DAB is among a few water technology solution providers globally to offer a comprehensive range with more than 2,000 products. DAB produces over three million pumps per year catering mainly to residential, commercial, and agricultural irrigation sectors. DAB offers energy-saving Italian technologies, ......read more

The Dubai Supreme Council of Energy (DSCE) launches the Emirates Energy Award (EEA) 2020 in Jordan…

The award aims to recognise best practices in energy efficiency to enhance constructive contribution to a sustainable future  Dubai, UAE, November 27, 2018:  Under the patronage of HH Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai, the Dubai Supreme Council of Energy (DSCE) unveiled the fourth edition of Emirates Energy Award (EEA) - 2020 at a press conference held at Fairmont – Amman, Jordan on 27th November. The DSCE’s move comes as part of its goals and promotion plans. The press conference was attended by high-ranking officials from the Ministry of Energy and Mineral Resources, Jordan, HE Mattar Saif Al Shamsi, the UAE ambassador to Jordan, HE Ahmad Buti Al Muhairbi, Secretary General of the Dubai Supreme Council of Energy (DSCE), and Vice Chairman of the ......read more

Wintershall acquires stake in the largest gas and condensate fields yet to be developed in the United Arab Emirates…

10% stake in Ghasha Concession in Abu Dhabi Close partnership with ADNOC: 40 years term concession Investments running into the billions in the growth region in the Arabian Gulf Abu Dhabi, November 26, 2018:   Wintershall will invest in one of the world’s most important centers for oil and gas production: The company will take a ten percent stake in the Ghasha Concession alongside the Abu Dhabi National Oil Company (ADNOC) in the United Arab Emirates. The Hail, Ghasha, Dalma and other ultra-sour gas and condensate fields such as Nasr, SARB and Mubarraz are located in the Al Dhafra region off the coast of the Emirate of Abu Dhabi.    His Excellency Dr. Sultan Ahmed Al Jaber, UAE Minister of State and ADNOC Group CEO, as well as Mario Mehren, CEO of Wintershall, have now signed a ......read more

ADNOC Adds Germany's Wintershall to the Ghasha Ultra-Sour Gas Concession…

Wintershall awarded 10 percent concession share in the Ghasha offshore sour gas mega-project, marking the first time a German oil and gas company joins an ADNOC concession Concession agreement will give ADNOC access to world-leading sour gas technology  Project contributes to ADNOC’s In-Country Value program and is expected to produce more than 1.5 billion cubic feet of gas per day Announcement builds on momentum generated by the Supreme Petroleum Council’s approval of ADNOC’s new integrated gas strategy Abu Dhabi, United Arab Emirates – November 26, 2018: The Abu Dhabi Government and the Abu Dhabi National Oil Company (ADNOC) have added Wintershall Holding GmbH to the Ghasha ultra-sour gas mega-project with a 10 percent stake. The Ghasha concession consists of the Hail, Ghasha, Dalma and other ......read more

EDF and Nawah Energy Company sign operations and maintenance assistance agreement for Barakah Nuclear Energy Plant, United Arab Emirates.…

Dubai, UAE, November 22, 2018:   EDF, the world-leading nuclear operator, and Nawah Energy Company (Nawah), the subsidiary of the Emirates Nuclear Energy Corporation (ENEC) that is mandated to operate and maintain the Barakah Nuclear Energy Plant, signed a long-term framework agreement whereby EDF will provide a range of services to support Nawah in operating and maintaining the Barakah Plant, the first nuclear energy plant in the Arab World. With more than 50 years of nuclear experience and acclaimed expertise in supporting newcomer countries, EDF will provide Nawah with services in a number of areas including operational safety, radiation protection, fuel-cycle management and environmental monitoring. The EDF Group will provide expertise in the form of engineering studies, on-site support, training and benchmarking ......read more

Schneider Electric and Verger Delporte Partner for Electricity Innovation…

DUBAI, United Arab Emirates – 22 November 2018 –   Schneider Electric, the leader in digital transformation of energy management and automation, has announced a partnership with Verger Delporte to become a Certified Reseller and EcoStruxure Advisor to support innovation in franchised panel building in electric facilities.

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Danfoss enters wastewater market with a series of high energy efficiency pumps…

Danfoss launches a new series of APP W HC pumps specially designed and built for Zero Liquid Discharge and Minimal Liquid Discharge (ZLD/MLD) industrial wastewater treatment, that can deliver total efficiency rates of 90% at pressures up to 120 bar.      UAE, Dubai, 20 November 2018:   In response to the growing demand for energy efficient ZLD/MLD solutions in the Middle East, Danfoss now releases its first APP pumps targeting large capacity industrial wastewater treatment plants.    The new APP W HC pumps that handle flow ranges from 11 to 24 m3/hour are made of Duplex stainless steel to provide maximum corrosion protection.  The ZLD/MLD APP pumps can be parallel-coupled to fulfil the required capacity at any time. If one of the pumps is out for maintenance, the remaining pumps ......read more

Schneider Electric Announces APC NetShelter Racks and Micro Data Centers Achieve Cisco Certification…

Extends Cisco UCS Pre-rack and Ship Certification to the entire NetShelter SX product line with Shock Packaging including 13 preconfigured SKUs and Micro Data Center Xpress SX 24U and 42U Provides more options for greater flexibility and faster deployment at the edge Offers IT channel partners and customers assurance of pre-tested, proven system compatibility DUBAI, United Arab Emirates – 20 November 2018:   Schneider Electric, the leader in digital transformation of energy management and automation, announced today that APC NetShelter® SX with Shock Packaging has achieved Cisco Unified Computing System (UCS) Pre-rack and Ship Certification, expanding certification from one standard size to covering the entire product line.   The NetShelter SX product line includes 13 preconfigured SKUs with ......read more

ADNOC to Announce Additional Partnerships as Group CEO Builds on ADIPEC Momentum…

Announcements to address new partnerships for sour gas concession and oil and gas blocks Record-breaking ADIPEC draws more than 145K oil and gas industry professionals; attendance increases 30 percent, with international visitors up 50 percent Series of new partnerships and investments at ADIPEC to meet rising demand triggered by 4th Industrial Revolution in line with ADNOC’s industrial call to action: ‘Oil and Gas 4.0’  Announcements will accelerate delivery of ADNOC’s 2030 growth strategy following SPC mandate  Abu Dhabi, UAE – November  19, 2018:  The Abu Dhabi National Oil Company (ADNOC) will accelerate delivery of its new integrated gas strategy, as well as its plans to increase its oil production capacity to 4 million barrels per day by 2020, with H.E. Dr. Sultan ......read more

UAE-Republic of Korea meeting of the Supreme Joint Committee on cooperation in the peaceful uses of nuclear energy…

Abu Dhabi, UAE – 17 November 2018:  On Friday November 16, 2018, His Excellency (HE) Eng. Suhail Mohamed Faraj Al Mazrouei, United Arab Emirates (UAE) Minister of Energy and Industry, chaired the UAE-Republic of Korea meeting of the Supreme Joint Committee on cooperation in the peaceful uses of nuclear energy that took place in the South Korean capital of Seoul.  On behalf of the UAE, the meeting was attended by H.E. Eng. Mohamed Al Hammadi, CEO of the Emirates Nuclear Energy Corporation (ENEC); H.E. Eng. Mohammed Bin Jarsh Al Falasi, Undersecretary of the Abu Dhabi Department of Energy; Christer Viktorsson, Director General of the Federal Authority for Nuclear Regulation (FANR); Mr. Nasser Al Nasseri, Barakah One Company CEO, as well as officials from the UAE energy sector and members of the UAE embassy in ......read more

ADNOC to Invest AED 5.1 Billion to Upgrade and Expand its Giant Bu Hasa Field as it Ramps up Onshore Crude Production Capacity…

EPC contract that will deliver in excess of 60% of In-Country Value awarded to Tecnicas Reunidas SA after rigorous tender process Crude oil production capacity from Bu Hasa Field will increase from 550,000 to 650,000 barrels per day in line with ADNOC’s plan to increase its oil production capacity to 4mmbpd by 2020 Investment will enhance Bu Hasa’s production, deliver greater efficiencies and maximize value from a mature oil field Abu Dhabi, UAE – November 14, 2018: The Abu Dhabi National Oil Company (ADNOC) announced, today, an AED 5.1 billion (US $1.4 billion) investment to upgrade and expand its Bu Hasa field, which will increase crude oil production capacity to 650,000 barrels per day (bpd). This is an important step towards delivery of ADNOC’s 2030 smart growth strategy that seeks to increase its ......read more

ENEC Achieves Historic Milestone in Construction of Barakah Nuclear Energy Plant…

ENEC celebrates the completion of main concrete works and heavy equipment lifting at Barakah Nuclear Energy Plant  More than 2.3 million  cubic meters of concrete poured and approximately 250,000 metric tons of rebar installed at Barakah Nuclear Energy Plant Abu Dhabi, UAE – 14 October 2018:  The Emirates Nuclear Energy Corporation (ENEC) has celebrated the achievement of a historic milestone in the development of the Barakah Nuclear Energy Plant, with the completion of all main concrete works and heavy equipment lifting for the four nuclear reactor units being built in the Al Dhafra Region of Abu Dhabi.    Senior leaders and employees of ENEC, together with the Prime Contractor and Joint Venture partner, the Korea Electric Power Corporation (KEPCO), and their subsidiaries, the Nawah Energy ......read more

Atlantic presents its water heating solutions with renewable energy sources at The Big 5 and Solar Decathlon Middle East…

Visit Atlantic International at The Big 5 located in Hall 3 stand number 3B129 to discover Explorer and Solerio Optimum 3 product ranges. Learn more about Groupe Atlantic’s support in the student led initiative to create the ideal solar house prototype at the Solar Decathlon Middle East 2018.   United Arab Emirates, 14 November 2018, Atlantic is a renowned French brand creating the best in class water heating solutions with energy savings at the heart of its mission, will be showcasing its latest range of products at The Big 5 taking place from the 26th  to the 29th  of November at Dubai World Trade Centre.    Visitors will have the opportunity to meet with regional team leaders who will reveal the latest product technology and innovations with demonstrations of Explorer, the highly ......read more

Tabreed's Reports 10% Increase in Net Profit to AED 319.3 Million…

Tabreed has been rated investment grade by two credit rating agencies   14 November, 2018 – Abu Dhabi, United Arab Emirates:   National Central Cooling Company PJSC (DFM: Tabreed), the leading UAE-based regional district cooling utility company, today released its consolidated financial results for the first nine months of 2018. Tabreed reported a 10% increase in net profit to AED 319.3 million for the year up to 30 September, compared with the same period in 2017, mainly driven by the acquisition in March of S&T Cool, a district cooling provider on Reem Island in Abu Dhabi, as well as income in May from a partial sale of Saudi Tabreed following the investment by the IDB Infrastructure Fund II, reducing Tabreed's total shareholding in Saudi Tabreed from 25% to 20%.    Tabreed’s ......read more

FANR releases first annual report on Radiological Environmental Monitoring…

The background radiation level in the UAE’s environment is very low in comparison to most other countries 13 November 2018, Abu Dhabi, United Arab Emirates: The Federal Authority for Nuclear Regulation (FANR) has released its first annual report on Radiological Environmental Monitoring in the United Arab Emirates. The report establishes the baseline level of radiation either from naturally occurring or from man-made radionuclides sources in the UAE and reveals that in general the radiation dose rates are very low when compared to most other countries in the world. The report summarizes the results of the first year of FANR’s comprehensive Radiological Monitoring Program, covering January 1 – December 31, 2015. The program was established as a result of FANR’s role as the UAE’s independent nuclear ......read more

Emirates Steel Showcases Oil and Gas Products at ADIPEC 2018 in Abu Dhabi…

Emirates Steel has sold 215 thousand tons of heavy and medium sections for use in the oil and gas industry over the past three years   Abu Dhabi, UAE - 13 November 2018: Emirates Steel, the only integrated steel plant in the UAE and a subsidiary of the General Holding Corporation (SENAAT), is participating in the Abu Dhabi International Petroleum Exhibition & Conference (ADIPEC) 2018. The event is being held under the patronage of His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE, from 12-15 November at the Abu Dhabi National Exhibition Center.   During the exhibition Emirates Steel is showcasing its steel product range, which is uniquely suited to meet the requirements of the oil and gas industry. Emirates Steel’s participation in the event for the fourth consecutive year is a ......read more

Schneider Electric Highlights ADNOC's Digitization with Panorama Command Center at ADIPEC…

ADNOC Integrates 100,000 Tags for Real-Time Monitoring andOptimizing Operations for 16 OpCos, with Schneider Electric and AVEVA WEF: Global Energy Digitization to Drive USD 1.6 Trillion in Value to 2025 Chris Dartnell: “2019 will be crucial for Middle East energy firms to accelerate their digital transformation and adopt the Internet of Things” ABU DHABI, United Arab Emirates – 13 November 2018 – Schneider Electric, the leader in digital transformation of energy management and automation, announced today at ADIPEC, that it is highlighting Abu Dhabi National Oil Company (ADNOC)’s digitization with the innovative Panorama Command Center for real-time insights on global operations.   ADNOC, by integrating 100,000 tags from 16 different operating companies, can monitor and optimize the ......read more

Other Top Stories from Energy, Oil & Gas
 
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, ......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 ......read more

ADNOC and BHGE Form a Strategic Partnership to Improve Drilling Efficiencies and Grow ADNOC ...…

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 ......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 ......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 ......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 ......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 ......read more

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

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 ......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, ......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 ......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 ......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 ......read more

Gazprom Neft, Mubadala Petroleum and the Russian Direct Investment Fund (RDIF) announce the ...…

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 ......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 ......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 ......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 ......read more

Quote of Dr. Layla Mohamed Al Marzouqi…

“As the nation prepares to celebrate the 4th Emirati Women's Day under the theme ‘Women on the Course of Zayed’ to honor the achievements of Emirati women and their contributions to the UAE’s development and prosperity through local, regional, international and leadership positions, the outstanding progress made by women across all professional and technical sectors is ......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 ......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 ......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 ......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 ......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 ......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, ......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 ......read more

Significant Milestones Achieved in Construction of Unit 3 at Barakah Nuclear Energy Plant…

All major concrete work successfully completed at Unit 3 of the Barakah Nuclear Energy Plant Major construction work completed on Unit 3 Turbine Generator and Reactor Vessel (RV) Internals Abu Dhabi, UAE – 10 July 2018:   The Emirates Nuclear Energy Corporation (ENEC) has achieved a series of significant milestones in the construction of Unit 3 of the Barakah Nuclear ......read more

3rd UAE France Oil and Gas Connecting Days…

Abu Dhabi, June 25-26, 2018 Dubai, United Arab Emirates; July 3, 2018:  Business France jointly with EVOLEN, and the French Business Group hosted the third UAE France Oil and Gas Connecting Days from June 25th to 26th in Abu Dhabi and Ruwais. The two days forum included ADNOC and its subsidiaries, as well as several ADNOC partners including Mudabala Petroleum.  This event was ......read more

Submissions Open for Oil and Gas Industry's Prestigious ADIPEC Awards 2018 Edition…

ADIPEC Awards Celebrate Excellence in the Petroleum Industry Categories Highlight Outstanding Achievements Shaping the Future in an Evolving Landscape for Hydrocarbons Abu Dhabi, UAE – 3 July 2018 –   Entries for the oil and gas industry’s prestigious ADIPEC 2018 Awards are now open, with six categories focused on issues crucial to the progress and resilience ......read more

FANR Hosts IAEA Nuclear Infrastructure Review Mission…

1 July 2018, Abu Dhabi, United Arab Emirates:   The United Arab Emirates hosted the International Atomic Energy Agency (IAEA) Phase 3 Integrated Nuclear Infrastructure Review (INIR) mission from 24 to 1 July. The aim of the mission was to assist the UAE by providing a review of the nation’s overall nuclear energy infrastructure. The UAE is the first country to implement and ......read more

RAK Petroleum plc Report on payments to governments for the year 2017…

Dubai, UAE, June 28, 2018:  Introduction and basis for preparation    This report sets out details of the payments made to governments by RAK Petroleum plc and its subsidiary undertakings (‘RAK Petroleum’) for  the year ended 31 December 2017 as required under the Disclosure and Transparency Rules of the UK Financial Conduct Authority (the ......read more

Siemens to supply three large gas turbines to Dubai…

Dubai, UAE, June 27, 2018:  Siemens has received an order for three SGT5-4000F gas turbines from United Arab Emirates (UAE). The turbines will be used in Unit H Phase 4 of the Al Aweer power plant complex which is located approximately 35 kilometers from downtown Dubai. DEWA has awarded the project EPC contract to Siemens in a consortium led by the Egypt-based company El Sewedy Electric Co ......read more

Oil rallies on Opec compromise; Metals challenged by dollar and trade war…

Dubai, UAE, June 24, 2018:  The Bloomberg Commodity Index has seen its year-to-date gains disappear following four weeks of heavy selling. The broad-based index, which tracks 22 major commodities evenly split between energy, metals and agriculture, has been hurt by a stronger dollar and trade war angst as well as expectations that Opec+ will increase production in order to cap crude ......read more

Mubadala Petroleum completes the acquisition of a 10 percent interest in the Shorouk Concession in ...…

Abu Dhabi, 20 June 2018:   Mubadala Petroleum announces that it has completed the acquisition from Italy’s Eni of a 10 percent participating interest in the offshore Shorouk Concession in Egypt, which contains the supergiant Zohr gas field. Following the completion, Eni, through its subsidiary IEOC, holds a 50 percent interest in the concession. The other partners in the ......read more

Etihad ESCO signs service agreement with Jamal Al Ghurair Group for its first retrofit project in ...…

June 20, 2018 - Etihad ESCO, the leading energy service company, announced the signing of an agreement with Jamal Al Ghurair Group to retrofit two of their industrial facilities in Abu Dhabi- Gypsemna and Porcellan. Etihad ESCO and Jamal Al Ghurair Group formed the partnership after identifying the enormous energy savings potential of the project. Being the first retrofit program to be undertaken ......read more

National Poll Shows Strong Support for UAE Peaceful Nuclear Energy Program…

The poll on nuclear energy conducted by independent global market research company Nielsen shows that 82 percent of UAE residents are in favor of using nuclear energy for generating electricity - the highest level of support globally Al Dhafra residents show highest acceptance levels in the UAE for the construction of the Barakah plant Abu Dhabi, UAE – 20 June 2018:   An ......read more

EU Reinforces Position at the Forefront of Global Energy Transformation, Says IRENA…

Abu Dhabi, UAE: 17 June 2018:  Adnan Z. Amin, Director-General of the International Renewable Energy Agency (IRENA) has welcomed the European Union’s (EU) decision to increase its renewable energy target from 27 per cent to 32 per cent by 2030, highlighting that the move reinforces the EU’s position at the forefront of energy transformation and reflects the new economics of ......read more

Tristar Group's Jebel Ali warehouses receive DMCC's 5-star rating for second and third consecutive ...…

Dubai, UAE; June 13, 2018:   Tristar Group’s two warehouses located in the Jebel Ali Industrial Area 1 and 2 were awarded 5-star rating by Dubai Multi Commodities Centre (DMCC) for the second and third consecutive years, respectively.   Shivananda Baikady, General Manager-Road Transport and Warehousing, Tristar, said: “Our specialized warehousing facilities are ......read more

GCC must make the right decisions to harness the potential of renewable energy…

Renewable energy continues to attract an increasing share of global investment, with annual investments expected to grow by $130 billion, compared to 2016 figures, reaching around $370 billion in 2020.  Developing countries now account for almost half of all renewables investment, although to date there has been modest investment in the GCC Investment in GCC renewable energy could ......read more

Crude spreads widen; gold still looking for a catalyst…

By Ole S Hansen, Head of Commodity Strategy at Saxo Bank Dubai, UAE, June 3, 2018:  Commodities traded lower this past week with losses being led by the energy sector while both the metals and agriculture sectors were mixed. Impacting commodities both directly and indirectly were the unfolding political crises in both Spain and Italy, together with Donald Trump’s decision to slap ......read more

Nawah Energy Company Enters Next Phase of Preparations for Barakah Unit 1 Nuclear Operations…

All efforts focused on preparations for safety-led nuclear operations of the UAE’s first nuclear reactor in accordance with the highest standards of a  nuclear safety culture and quality assurance Comprehensive schedule review points to start-up of nuclear operations for Unit 1 between the end of 2019 and early 2020  Abu Dhabi, UAE – 26 May 2018:   Nawah ......read more

RDIF, Mubadala Petroleum and Gazprom Neft announce a joint venture to develop Siberian oil fields…

Dubai, UAE, May 24, 2018:  The Russian Direct Investment Fund (RDIF, the sovereign wealth fund of Russia) and Mubadala Petroleum, the UAE-based leading oil and gas exploration and production company, announce the creation of a joint venture with PJSC Gazprom Neft to develop several oil fields in the Tomsk and Omsk regions. RDIF and Mubadala Petroleum will acquire a 49 percent equity stake in ......read more

Strong Global Interest in Tendering Process for Oil and Gas Concessions in Ras Al Khaimah, Reveals ...…

The recently launched licensing round has proven a draw with companies from all over the world thanks to the unique, overall proposition on offer Ras Al Khaimah, United Arab Emirates, 23, May 2018:  With proven hydrocarbon reserves in place, diverse exploration plays, easily accessible existing infrastructure, attractive production sharing terms and commercialization plans, plus a ......read more

Regulatory Reform Key to Meeting Renewable Energy Targets in Panama…

70% renewables by 2050 target is achievable if regulations adequately reflect contribution of solar and wind power says IRENA  Dubai, UAE, May 23, 2018:  Upgrades to Panama’s regulatory environment and power system management are critical to achieving the renewable energy goals set out in the country’s National Energy Plan, per a Renewables Readiness Assessment ......read more

Big Oil Production Is Still Growing Despite Capex Cuts…

May 16, 2018, United Arab Emirates:  Since mid-2014, the harsh cyclical downturn in oil prices has tested, and proved, the resilience of international oil majors' integrated business models. S&P Global Ratings recognizes the majors' downstream refining and petrochemical assets provided them with a cushion as cash flows from the upstream businesses, ......read more

Over 200 Senior Energy, Petrochemical and Private Sector Leaders and CEOs Tour Ruwais As Part of ...…

Visit included a tour of Ruwais Industrial Complex and Ruwais City Investment and expansion of Ruwais to form centrepiece of ADNOC’s Downstream Strategy  Abu Dhabi, United Arab Emirates, May 15, 2018:  As part of the launch of the Abu Dhabi National Oil Company’s (ADNOC) new Downstream strategy at the ADNOC Downstream Investment Forum in Abu Dhabi this week, ......read more

JAFZA'S PETROCHEMICAL COMPANIES GENERATE AED 16 BILLION…

DP World, UAE Region highlights sector-wide collaboration at GPCA Supply Chain Conference Dubai, United Arab Emirates, 12 May 2018:  Petrochemical companies operating in Jebel Ali Free Zone (Jafza), the region’s premier business and logistics hub, generated trade worth AED 16 billion in 2017. Jafza is home to 526 companies in the sector from 67 countries and will be exhibiting ......read more

Khalifa Fund joins ADNOC's In-Country Value Program…

The Khalifa Fund for Enterprise Development (KFED) has joined a workshop on the implementation of Abu Dhabi National Oil Company’s (ADNOC) new In-Country Value (ICV) strategy that was launched to help stimulate socio-economic value, promote locally-made content and products, and nurture government and private partnerships in the UAE. The participation was in keeping with Fund’s vision ......read more

nVent Announces Completion of Separation from Pentair…

Independent, $2.1 billion company focuses on electrical connection and protection  DUBAI, UAE – May 3, 2018 –   nVent Electric plc (NYSE:NVT) (“nVent”), a global leader in electrical connection and protection solutions, today announced the completion of its separation from Pentair plc (“Pentair”) and its launch as an independent, publicly ......read more

Progress on Global Energy Goals Slow, but Strong Gains in Countries Show Promise…

Dubai, United Arab emirates, May 2, 2018:  The world is not on track to meet the global energy targets for 2030 set as part of the Sustainable Development Goals, but real progress is being made in certain areas – particularly expansion of access to electricity in least developed countries, and industrial energy efficiency, according to a new report from five international ......read more

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

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