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Featured in Energy, Oil & Gas
Disruption – a Constant for the Energy Sector in the Coming Decade…

BCG held a C-Suite roundtable at the World Energy Congress 2019 exploring what it will take for energy players to win in the coming decade This includes accelerated corporate action, organizational change, and optimization of social & business value as a result of pressures from digital transformation, energy transition and increased volatility   Abu Dhabi, September 16, 2019 : Boston Consulting Group (BCG) has paved the way forward for increased corporate action from energy sector players in the changing business environment of tomorrow following an exclusive, invitation only roundtable discussion held on the sidelines of World Energy Congress 2019, which took place in Abu Dhabi.   “Aligning strategic imperatives to the disruptive forces in energy will be essential for organizations across the ......read more

Portuguese Secretary of State for Energy Visits Noor Abu Dhabi Solar Plant…

Abu Dhabi, 14 September 2019:  His Excellency Joao Galamba, Portugal’s Secretary of State for Energy, visited Noor Abu Dhabi this week, during a tour hosted by a delegation from the Emirates Water and Electricity Company (EWEC), led by Othman Al Ali, EWEC’s Chief Executive Officer, and other senior management. The Minister received an update on the plant, one of the world’s single largest solar projects, as well as a briefing on the upcoming construction of a 2,000 MW solar photovoltaic (PV) power project to be located in the Al Dhafra region of Abu Dhabi emirate. The Noor Abu Dhabi plant will offset the emirate’s CO2 emissions by 1 million metric tons, equivalent to removing 200,000 cars from the emirate’s roads. With 3.2 million solar panels installed across an 8 square kilometre site, Noor Abu ......read more

Region's Largest Gas & Oil Technology Showcase and Conference Back for 3rd Year…

Innovation and Transformation Key to Growth of Oil and Gas Sector, Says GOTECH 2019 Chairman September 14, 2019 - Dubai, United Arab Emirates More than 100 top drawer companies will be exhibiting their cutting-edge technologies and solutions at GOTECH 2019, the third annual conference of its kind to be held at Dubai World Trade Center from 21 – 23 October 2019.  GOTECH 2019 is held under the patronage of H.H. Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and Minister of Finance of UAE, Chairman of Dragon Oil. Organized by renowned UAE-based oil and gas operator Dragon Oil, GOTECH 2019, the largest gas and oil technology showcase and conference in the region, expects to widen its purview and engage more government organizations, companies and professional societies.  This initiative, which has ......read more

ENEC and TENEX renew MoU…

ENEC and TENEX to continue exploring potential opportunities for collaboration in the field of nuclear fuel cycle   Abu Dhabi, UAE – 12 September 2019: The Emirates Nuclear Energy Corporation (ENEC) has renewed its Memorandum of Understanding (MoU) on exploring potential opportunities for collaboration in the field of nuclear fuel cycle management, with the TENEX, Joint-Stock Company, part of the Russian ROSATOM State Corporation Company, a global supplier of uranium products with more than six decades of experience in innovative nuclear fuel cycle solutions.   The new MoU was signed during the 24th World Energy Congress at ADNEC in Abu Dhabi, by His Excellency Engineer Mohamed Al Hammadi, Chief Executive Officer of ENEC, and Polgorodnik Sergey, Director General of TENEX, in a ceremony attended by senior ......read more

Energy Transition is Accelerating Across Countries Worldwide According to 2019 World Energy Trilemma Index…

Abu Dhabi…September 11, 2019:  Today the World Energy Council, in partnership with Oliver Wyman, unveiled the latest progress for almost 130 countries on developing policies for Energy Security, Equity and Environmental Sustainability.     The 2019 World Energy Trilemma Index, created by the World Energy Council, in partnership with global consultancy Oliver Wyman, a business of Marsh & McLennan Companies, provides an objective rating of national energy policy and performance across three dimensions: Energy Security, Energy Equity and the Environmental Sustainability of Energy Systems.     Launched today during the 24th World Energy Congress in Abu Dhabi, UAE, the World Energy Trilemma Report and Index provide a ranking of countries’ energy performance using global and ......read more

Masdar and the Land Art Generator Initiative Announce Winning Designs for Energy Generating Public Artwork at the 24th World Energy Congress…

Dubai, United Arab Emirates -  September 10, 2019:  The Land Art Generator Initiative (LAGI) and Abu Dhabi Future Energy Company (Masdar) have today announced at the 24th World Energy Congress in Abu Dhabi the winners of this year’s LAGI international design competition. Sponsored by Masdar, LAGI 2019 Abu Dhabi challenged design teams to create large-scale works of public art that also produce clean kilowatt-hours for the Masdar City grid using technologies such as solar and wind. “Masdar is proud to sponsor this special edition of the LAGI competition, in the same year that Abu Dhabi has the privilege of hosting the 24thWorld Energy Congress. It is fitting that the capital’s flagship sustainable city is supporting the competition, which complements the holistic approach that Masdar City takes towards ......read more

Tabreed demonstrates commitment to enhancing energy efficiency with ISO 50001 certification…

Tabreed first district cooling company in the region to receive ISO 50001:2018 certification   September 10, 2019:   National Central Cooling Company PJSC (DFM: Tabreed), the leading UAE-based district cooling developer, has received the International Organization for Standardization (ISO) 50001:2018 certification for the successful implementation of its Energy Management System. Tabreed is the first district cooling company in the region to have been certified under the revised version (2018) of the ISO 50001 standard.   Tabreed’s Energy Management System, developed in accordance with its operational excellence and due focus on  energy efficiency requirements across all its 75 plants in the region, has enabled the company to receive the ISO 50001 certification. This ISO standard is based upon ......read more

UAE Welcomes Energy Industry's Thought Leaders at World's Most Influential Energy Event…

• UAE Minister of Energy hails “historic” 24th World Energy Congress  • Over 15,000 attendees, 4,000 delegates, 72 ministers, 1000 media professionals, and 300 exhibitors heading for Abu Dhabi National Exhibition Centre this week   Abu Dhabi, Sunday 8 September 2019:  Global energy thought leaders are expected in the UAE this week as Abu Dhabi hosts the 24thWorld Energy Congress on 9-12 September, 2019, under the patronage of His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE. The World Energy Congress is the World Energy Council’s global flagship event offering a unique platform for global energy leaders to explore new energy futures, critical innovation areas, and new strategies.   Following a successful international bid that was won by the UAE ......read more

Emirates Water and Electricity Company (EWEC) Announced as a Host Sponsor of World Energy Congress…

Abu Dhabi, Saturday 7 September 2019:  The 24th World Energy Congress has today announced Emirates Water and Electricity Company (EWEC) as a Host Sponsor and key exhibitor, at the upcoming Congress.  The inclusion of EWEC in the 24th World Energy Congress, taking place from September 9 to 12 at Abu Dhabi National Exhibition Centre (ADNEC), means most of the UAE’s major energy companies will feature prominently at the four-day event. Officially formed in 2018, EWEC succeeds the former Abu Dhabi Water and Electricity Company. It operates within the portfolio of the Abu Dhabi Power Corporation and plays vital planning and commercial roles to ensure electricity and water is supplied in the emirate of Abu Dhabi as well as parts of the Northern Emirates. As host sponsor, EWEC will showcase its contribution to energy ......read more

ENEC to showcase economic, social and environmental benefits of nuclear energy at World Energy Congress in Abu Dhabi…

ENEC is an official host sponsor of 24th World Energy Congress and official Youth sponsor     Abu Dhabi, UAE – 07 September 2019:  The Emirates Nuclear Energy Corporation (ENEC) will showcase the positive impact that nuclear energy has economically, socially and environmentally at the 24th edition of the World Energy Congress. The event is being held under the patronage of His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of The United Arab Emirates (UAE) and will be held in Abu Dhabi from 9-12 September 2019 at Abu Dhabi National Exhibition Centre (ADNEC).  ENEC is an official host sponsor of the Congress as well as the official Youth Sponsor.    ENEC will highlight the transformational potential of peaceful nuclear energy in diversifying global energy sources, supporting ......read more

24th World Energy Congress Poised to Attract Largest Attendance as Countdown Begins…

Abu Dhabi, Wednesday 28 August 2019:  With less than two weeks to go until the 24th World Energy Congress, the UAE Organizing Committee has today given an update on the number of delegates, ministers and exhibitors that will be attending the global event in Abu Dhabi. Taking place from September 9 to 12 at Abu Dhabi National Exhibition Centre (ADNEC), the prestigious event will see the presence of more than 15,000 attendees from the UAE and abroad including 4,000 delegates and 66 ministers. The exhibition, taking place across a space of 35,000 square metres, will feature over 200 exhibitors, representing more than 150 countries altogether.  This year’s World Energy Congress, which will take place for the first time in the Middle East, will see more than 300 speakers among the thousands of global attendees during the ......read more

Unit 3 Transformers Energized at Barakah Nuclear Energy Plant…

Main Power Transformer and Gas Insulated Bus (GIB) safely and successfully energized at Unit 3 allowing the beginning of preparations for Hot Functional Test   Abu Dhabi, UAE – 20 August 2019:  The Emirates Nuclear Energy Corporation (ENEC) has achieved another milestone in the construction of Unit 3 of the Barakah Nuclear Energy Plant, being built at the Al Dhafra region of Abu Dhabi, United Arab Emirates. ENEC has safely and successfully energized Unit 3’s Main Power Transformer and Gas Insulated Bus (GIB), an important step in the continued testing and commissioning of the plant.   In addition to the Main Transformer and GIB, Unit 3’s Auxiliary Power Transformers and Excitation Transformer were energized safely and successfully in normal operating configuration. This work was performed with ......read more

Empower's summer awareness campaigns, to create a safe environment for future generations…

Bin Shafar: “Customers can save in their district cooling service bill and tackle climate change through simple steps” Dubai, UAE, 18th August 2019:  As part of its continuous and solid approach and efforts to improve the performance of district cooling systems and make them more integrated, energy efficient and supporting for the rapid transition to a “green economy”, the summer awareness campaigns launched by the Emirates Central Cooling Systems Corporation (EMPOWER), the world’s largest district cooling services provider, guides it’s customers to save in the district cooling bills by reducing energy consumption.  Empower explains to customers to close the blinds and glass windows prior to leaving their houses, which is the first center of defense from the heat of the sun during the ......read more

US $859bn Oil, Gas and Petrochemical Projects Underway or Planned in the MENA Region as Global Demand for Energy Rises…

Saudi Arabia, Kuwait and UAE lead the way with strategic investments designed to maximize value and open up new revenue streams ADIPEC 2019 will be catalyst for robust oil and gas industry growth as companies forge new partnerships and tap into the emerging commercial opportunities investments are creating Abu Dhabi, UAE – 08 August 2019:  Oil, gas and petrochemical projects, valued at more than US $859 billion, are either underway or planned in the Middle East and North Africa, of these US $283 billion are projects are being implemented, as the region gets ready to meet the forecast increases in demand for energy over the next two decades.   According to industry forecasts global oil demand will increase by at least 10 million barrels per day by 2040, while natural gas demand is set to grow by 40 per cent ......read more

Empower awards network extension contract worth AED 25 million…

To meet the needs of major development projects in Dubai Dubai, UAE, 7 August 2019: Emirates Central Cooling Systems Corporation (Empower), the world's largest district cooling services provider, announced that it has awarded contract worth AED 25 million to extend its cooling service pipeline network in order to meet the needs of major development projects in Dubai. This extension work will be completed by the end of 2019, and will link ‘Al Wasl Tower 2020’ and the ‘Yotel Hotel’ in Sheikh Zayed Road, ‘The Address Hotel’ and the ‘One JBR Tower’ in Jumeirah Beach Residence as well as Barsha Heights with the permanent cooling plants located in the respective areas.  Extension of pipe network is part of Empower’s strategy to expand its projects as demand for district ......read more

RAKEZ partners with Smart4Power to reduce energy and water consumption by 38%…

through a retrofit initiative – “Among the highest achievements in the region for comprehensive retrofit projects”. At a signing ceremony, HH Sheikh Ahmed bin Saqr Al Qasimi, Chairman of RAKEZ, signed an agreement to retrofit nine RAKEZ buildings and reduce energy and water consumption through a guaranteed savings contract. Ras Al Khaimah, 3 August 2019: Ras Al Khaimah Economic Zone (RAKEZ) has contracted with Smart4Power, one of the Middle East’s leading energy efficiency solutions providers, for a retrofit project covering nine buildings, including a district cooling plant. The agreement, which is part of RAKEZ contribution towards the targets of RAK Energy Efficiency and Renewable Energy Strategy 2040, will extend over five years, and will provide guaranteed energy and water savings of 38.5% vs. usual ......read more

Tabreed reports solid results for the first half of 2019 with underlying net profit up 11%…

1 August, 2019 – Abu Dhabi, United Arab Emirates: National Central Cooling Company PJSC (DFM: Tabreed), the leading UAE-based regional district cooling developer, released today its consolidated financial results for the first half of 2019. The company continues to meet the region’s growing demand for district cooling and delivers solid performance and growth.   Financial highlights – six months ended 30 June 2019: Group revenue increased by 3% to AED 671.9 million (H1 2018: AED 650.7 million) Core chilled water revenue increased by 3% to AED 634.4 million (H1 2018: AED 617.3 million) EBITDA increased by 12% to AED 366.0 million (H1 2018: AED 326.1 million) Net profit attributable to the parent was   AED 199.4 million, an increase of 11% on H1 2018, when the latter is adjusted for the ......read more

Schneider Electric Extends Easy UPS 3M to 200 kVA, Delivering up to 99% Energy Efficiency in an Optimized Footprint…

Easy UPS 3 Series now extends from 10 to 200 kVA with new Easy UPS 3M 120, 160, and 200 kVA UPSs Easy UPS 3M offers small and medium business competitive specifications requiring lower capital investment Simple to install, use, and service Dubai, UAE - July 28, 2019 – Schneider Electric, the global specialist in energy management and automation, today announced it has extended Easy UPS 3M from 60-200 kVA with the addition of 120, 160, and 200 kVA Uninterruptable Power Supplies (UPSs). Available in China now and coming soon to the other regions, the Easy UPS 3M 120-200 kVA UPSs personify simplicity as they are easy to install, easy to use, and easy to service, providing business continuity for small and medium businesses, and making it an excellent fit in both the data center space and in industrial ......read more

Emicool receives two IDEA District Energy Awards marking 9thconsecutive year win…

More than dozen awards conferred during the last 9 years  Dubai, July 28, 2019:   Emirates District Cooling LLC [Emicool] – a leading district cooling service provider in the region and a wholly owned subsidiary of Dubai Investments PJSC has been conferred with its 9th consecutive IDEA District Energy Awards in two categories. A bronze each has been won under the “No of Buildings Committed/ Beyond North America” and “Total Building Area Committed/Beyond North America” categories.  The awards given at the 110th International District Energy Association [IDEA] Annual Conference and Trade Show held in Pittsburgh, USA, has been an active contributor in informing, connecting, and advancing district energy industry around the world. With over a dozen IDEA Awards, over the last nine ......read more

ADNOC and Pertamina Sign Comprehensive Strategic Framework in Oil and Gas Development…

Framework signed in the presence of the Crown Prince of Abu Dhabi and the President of Indonesia. ADNOC and Pertamina to explore opportunities for collaboration across the oil and gas value chain in the UAE, Indonesia and globally.  Projects under consideration include potential new investments in upstream, refining, petrochemicals, LNG, LPG, aviation fuel and fuel retail, as well as other forms of strategic collaboration. Agreement further demonstrates both companies’ expanded partnership approach and drive to unlock value across their portfolio of assets. Dubai, UAE - July 24, 2019: The Abu Dhabi National Oil Company (ADNOC) today signed a Comprehensive Strategic Framework (CSF) with Indonesia’s energy company, PT Pertamina (Persero) to explore opportunities for collaboration across the oil and gas value ......read more

Oil and Gas industry's digital transformation fast tracked as Middle East energy companies seek faster and leaner exploration and production…

Investment in AI, big data and analytics could cut capital expenditure by 20 percent and add $300 billion a year to offshore cash flows by 2025  Digital innovation to drive unprecedented era of oil and gas productivity as global energy demand continues to rise   ADIPEC 2019 to bring together industry thought leaders to explore the nexus between break though technologies and energy Abu Dhabi, UAE – 23 July 2019 – Digital transformation of the oil and gas industry in the Middle East and North Africa continues to be fast tracked, as energy companies across the region ramp up investment in technologies supporting faster and leaner exploration and production and optimisation of costs.   In the past five years the MENA region has seen a tight focus on cost reduction, as oil and gas companies have responded ......read more

ENOC Group launches ‘ENOCBlue' diesel exhaust fluid…

ENOCBlue is a Euro 4 and above regulated product that reduces harmful emissions, especially from heavy duty vehicles, by up to 90 per cent Product mandated by Emirates Authority for Standardization and Metrology (ESMA), UAE’s flagbearer for excellence and quality   Dubai, United Arab Emirates, 23 July, 2019: ENOC Group recently launched ENOCBlue, a diesel exhaust fluid that reduces harmful emissions, in the UAE. The product, mandated by ESMA and regulated by Euro 4 and above, is one of the highest international standards for exhaust emissions is available in small and bulk quantities for corporate customers, and will soon be rolled out across ENOC’s retail network.   ENOCBlue is a revolutionary non-toxic, colorless, odorless, incombustible diesel exhaust fluid that breaks down toxic nitrogen ......read more

EY collaborates with the World Energy Council on innovation in energy…

Platinum sponsorship deal announced for the 24th World Energy Congress Abu Dhabi, 22 July 2019:  The World Energy Council has announced their collaboration with EY on the topic of innovation in energy and their platinum sponsorship of the 24th World Energy Congress, to be held between 9-12 September 2019 in Abu Dhabi. EY will play an integral role by offering insight and thought leadership on the issues faced by the industry - helping delegates anticipate market trends, identify implications and opportunities and apply innovative thinking and the latest technology. EY has been a long-standing supporter of the World Energy Council and a valued member of the Council’s international network. In 2012, EY became a Global Supporter, joining a select group of leading organizations who work closely with the Council to help ......read more

ENEC highlights benefits of peaceful nuclear energy during participation in the Liwa Date Festival 2019…

ENEC, the Community Sponsor, welcomes significant number of visitors to its pavilion at Liwa Date Festival.   Abu Dhabi, UAE - 21 July 2019:  The Emirates Nuclear Energy Corporation (ENEC) is the Community Sponsor of the Liwa Date Festival 2019. The event is taking place from 17 to 27 July 2019 in the Al Dhafra region of Abu Dhabi, UAE.   The Festival is held under the patronage of His Highness Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs, and organized by the Cultural Programs and Heritage Festivals Committee - Abu Dhabi. ENEC’s participation is the result of its ongoing efforts to support the economic and social development of the Al Dhafra region. Visitors to ENEC’s pavilion have been updated on the latest achievements accomplished at the ......read more

Empower: District cooling is environmentally-friendly and saves energy…

Dubai, UAE, 17th July 2019: In light of the urban expansion and the major developments in the construction sector, especially in the GCC, the gradual rise in temperature has become a challenge during the last hundred to two hundred years due to greenhouse gas emissions, carbon dioxide and many other types of gases. As a result, the United Nations (UN) began to adopt and promote a culture of sustainable development to preserve the environment, through a plan for a better and more sustainable future for all; aimed at combating climate change and environmental degradation by 2030. Consequently, Emirates Central Cooling Systems Corporation (Empower), the world's largest district cooling services provider, plays a major role in adopting district cooling systems locally and internationally. According to the UN, Empower is a key ......read more

Other Top Stories from Energy, Oil & Gas
 
Etihad ESCO announces completion of Hatta Solar retrofit project…

7,756 photovoltaic (PV) solar panels installed over roofs of 554 Hatta villas Project to generate 3,612,357-kilowatt hour (KWh) of power annually Annual reduction of CO2 emissions by 2,159 tons among many benefits   UAE, 13 February 2019 – With DEWA’s support and sponsorship, Etihad Energy Services Company (Etihad ESCO), the wholly-owned subsidiary of Dubai ......read more

Nexans to present its cutting-edge umbilical offer at EGYPS 2019…

Dubai UAE, February 11, 2019 – Nexans, a global actor in cabling systems and services and an industry leader in umbilicals, will be attending the EGYPS 2019 exhibition and conference on February 11-13.  Through several umbilical deliveries in East Mediterranean, Nexans has confirmed its role as a trusted and committed partner in the in the oil and gas industry. This has also ......read more

ENEC Marks Innovation Week with a Focus on Youth, Artificial Intelligence and Sustainability…

ENEC Innovation Week activities included an Innovation Majlis, hackathons, and collaboration with academia to foster innovative thinking and the pursuit of excellence Abu Dhabi, UAE - 07 February 2019: The Emirates Nuclear Energy Corporation (ENEC) and its subsidiaries, the Nawah Energy Company and Barakah One Company, hosted an Innovation Majlis, a hackathon, and youth events as part of ......read more

ENEC Marks Innovation Week with a Focus on Youth, Artificial Intelligence and Sustainability…

ENEC Innovation Week activities included an Innovation Majlis, hackathons, and collaboration with academia to foster innovative thinking and the pursuit of excellence Abu Dhabi, UAE - 06 February 2019: The Emirates Nuclear Energy Corporation (ENEC) and its subsidiaries, the Nawah Energy Company and Barakah One Company, hosted an Innovation Majlis, a hackathon, and youth events as part of ......read more

TSSC continues to raise the bar on cold chain innovation with latest sustainable solutions…

February 04, 2019: Technical Supplies & Services Company (TSSC), a leading manufacturer of advanced building materials and systems in the Middle East and a member of Harwal Group, announced that its latest innovative technologies for the cold chain industry continue to gain traction, serving the ever-growing demand for energy-efficient solutions in the region in line with the highest ......read more

ENEC's CEO Highlights Strategic Importance of UAE Peaceful Nuclear Energy Program at Abu Dhabi ...…

Eng. Mohamed Al Hammadi addresses UAE high ranking military students at Abu Dhabi University ENEC CEO delivers series of lectures on the role of UAE Peaceful Nuclear Energy Program in advancing the nuclear energy industry locally and internationally     Abu Dhabi, UAE – 2 February 2019: Eng. Mohamed Al Hammadi, Chief Executive Officer of the Emirates Nuclear Energy ......read more

Saudi Plastic and Petrochemical Exhibition 2019 set to launch with government and private sector ...…

Big opportunities to help increase petrochemical output in the Kingdom to USD 453.3 billion by 2030 January 23, 2019 –   Under the patronage of His Royal Highness Prince Mishaal Bin Majid bin Abdulaziz Al Saud, Governor of Jeddah, the Jeddah Centre for Forums and Events is set to host the 16th edition of the Saudi Plastic and Petrochemical Exhibition, organized by Riyadh ......read more

Empower achieves steady growth in 2018 with Net Profit exceeding AED 800 Mn …

Empower also achieved the milestone of Revenues crossing the mark of AED 2.0 bn for the first time Total Cooling Capacity reached to 1.43 million RT in 2018 Customer base expanded to 100,000 and the total number of buildings served by Empower DCS reaches to 1,090. Emirates Central Cooling Systems Corporation (Empower), the world’s largest district cooling services provider, ......read more

ENOC ‘Women in Energy Awards' recognises achievements in the energy sector…

Eight women from diverse backgrounds within the energy sector win inaugural awards   Dubai, UAE; January 22, 2019:  ENOC Group’s inaugural ‘Women in Energy Awards’ honoured eight women in a first-of-its-kind award ceremony held to recognise women’s achievements within Dubai’s energy sector.    The biennial awards which were previously ......read more

Crescent Petroleum signs MoU to sponsor Special Olympics…

Sharjah, UAE January 20, 2019:   Crescent Petroleum, the Middle East's first and largest private exploration and production company, has signed a memorandum of understanding (MoU) with the Local Organizing Committee (LOC) for Special Olympics World Games Abu Dhabi 2019 to sponsor the World Games taking place 14-21 March, underscoring its commitment to empowering people of ......read more

Space, AI, renewable energy to get priority as sectors open for more foreign investment in 2019 - ...…

 Legislation recognising ICOs as securities among legal reforms to act as a beacon for increased foreign investment, says STA senior partner Dubai, UAE, 19 January, 2019:   Space, artificial intelligence and renewable energy are priority sectors in the UAE, and it is expected they will be amongst those to be opened up to higher levels of foreign investment in 2019, according to ......read more

The Kingdom of Saudi Arabia's Minister of Energy, Industry, and Mineral Resources Visits Barakah ...…

H.E. Eng. Khalid bin Abdulaziz Al-Falih witnessed the significant progress being made at Barakah     16 January 2019:   H.E. Eng. Khalid bin Abdulaziz Al-Falih, Minister of Energy, Industry, and Mineral Resources for the Kingdom of Saudi Arabia (KSA) expressed his appreciation for the significant development of the Barakah Nuclear Energy Plant in a recent visit to ......read more

RAK Petroleum plc: Changes in Share Capital…

Dubai, UAE, January 16, 2019:  RAK Petroleum plc, the Oslo-listed oil and gas investment company, announces that, as the result of a request by Afaq Al Roya Trading (LLC) to release the restrictions on its 9,000,000 Restricted Class A Shares, and a request by another shareholder to release the restrictions on his 180,000 Restricted Class A Shares, 9,180,000 Restricted Class A Shares have ......read more

ENEC Showcases Commitment to Sustainability at the World Future Energy Summit…

ENEC sponsoring and exhibiting at WFES 2019 ENEC committed to sustainable working practices across all aspects of its business Abu Dhabi, UAE – 16 January 2019:   The Emirates Nuclear Corporation (ENEC) and its subsidiaries, the Nawah Energy Company and Barakah One Company, are participating for the seventh year in the World Future Energy Summit (WFES) 2019 as ......read more

Saudi energy minister on the country's Crown Prince: His ability to lead the kingdom is unshaken ...…

For CNN Business, John Defterios spoke to Saudi Minister of Energy, Industry and Mineral Resources, Khalid A. Al-Falih.  During the interview, Al-Falih told CNN he doesn't "see a big economic recession" but that corrective actions are "easily within our control." As the United States Secretary of States Mike Pompeo prepares to meet Saudi Crown Prince Mohammed Bin ......read more

Sultan Awards Oil & Gas Exploration Concession to Italy's Eni…

HH Ruler of Sharjah Receives Eni Ceo Claudio Descalzi    SHARJAH, Sharjah Government Media Bureau, January 14, 2019:  His Highness Sheikh Dr Sultan bin Mohamed Al Qasimi, Supreme Council Member and Ruler of Sharjah, received this morning (Sunday) in his office Claudio Descalzi, CEO of Eni, Italy’s largest energy company, in the presence of HH Sheikh Ahmed bin ......read more

Global Energy Forum: His Excellency Khalid Al-Falih's address on day three…

Dubai, UAE, January 13, 2019:  As part of the third Global Energy Forum, His Excellency Khalid A. Al-Falih, Minister of Energy, Industry and Mineral Resources of the Kingdom of Saudi Arabia delivered the opening address for day three of the Forum.  His Excellency Al-Falih later joined Frederick Kempe, President and CEO of the Atlantic Council, on a panel titled 'An Update On ......read more

Emirates Nuclear Energy Corporation Celebrates 3rd Barakah Excellence Awards…

Winners of 3rd edition of Barakah Excellence Awards announced during special ceremony Awards part of ENEC’s internal recognition program designed to promote and encourage excellence Abu Dhabi, UAE – 12 January 2019:  The Emirates Nuclear Energy Corporation (ENEC) and its subsidiaries, Nawah Energy Company and Barakah One Company, celebrated the third edition of its ......read more

Plastics to be the main driver for crude oil demand…

ArabPlast 2019, closed on a grand note witnessing the participation of more than 900 companies from 32 countries Advanced economies currently use up to 20 times more plastic than developing economies on a per capita basis, underscoring the huge potential for global growth Dubai, United Arab Emirates, 10 January 2019:   Industry experts at ArabPlast 2019 indicated that plastics ......read more

Siemens outlines economic, societal contribution to UAE in new report…

90% of Siemens’ contribution to UAE gross value added is in non-oil sector Company works with more than 800 SMEs in the UAE AED 425-million software grant to five UAE universities, equipping over 3,850 students with digital experience Its energy-efficient solutions reduce CO2 emissions by 4.76 million metric tons  Dubai, UAE, January 07, 2019:  For the second ......read more

Easa Saleh Al Gurg Group partners with Petronas for lubricants distribution in the UAE…

Dubai, UAE, January 06, 2019:  Dubai-based multidimensional conglomerate Easa Saleh Al Gurg Group (ESAG) inked a new partnership with Petronas Lubricants International (PLI), a wholly-owned subsidiary of Malaysia’s national oil corporation, Petronas, which will see its range of automotive lubricants available in the UAE within the first quarter of 2019. With the deal, ESAG will ......read more

SRS Middle East makes Sharjah its headquarters for the Middle East Region…

The group will invest Dh160 million in the Hamriyah Free Zone in order to provide industrial services for the oil sector Dubai, UAE, January 05, 2019:  SRS Middle East FZE, which is a joint venture that consists of Global Petro Storage (GPS), Innova Refining Industries, and Chemie Tech LLC, has announced its decision to select Sharjah as the destination for its latest investment projects ......read more

ENEC Partners with Al Dhafra Festival in Abu Dhabi to Promote Social Engagement and UAE Cultural ...…

ENEC stand provided visitors with information about peaceful nuclear energy and included a range of educational activities Abu Dhabi, UAE – 02 January 2019:   The Emirates Nuclear Energy Corporation (ENEC) participated in the Al Dhafra Festival, which took place in Madinat Zayed, in the Al Dhafra Region of Abu Dhabi, between 17 December 2018 and 1 January 2019. ENEC’s ......read more

Schneider Electric Calls to Massively Expand Training in Energy Sector…

Decentralized renewable energy solutions will guarantee electricity access to millions, while creating millions of jobs Training programs, particularly in the low energy access countries, are not adequacy developed The Powering Jobs campaign wants all stakeholders to recognize the challenge and step up their efforts  Dubai (United Arab Emirates), 23 December 2018 –  ......read more

Oil and Gas Industry Set to Accelerate Move to Digital in 2019…

by Ron Beck Energy Industry Marketing Director, AspenTech Dubai, UAE, December 18, 2018:  Digital transformation continues to be the keynote of the coming year for operators across the oil and gas sectors. Digitalisation is nothing new to the sector, of course. Refineries have, for example, been pursuing it for more than thirty years, with technologies like advanced process control (APC) ......read more

ENEC Completes Significant Tests of Unit 3 at Barakah Nuclear Energy Plant…

Cold Hydrostatic Testing successfully completed at Unit 3 Significant step towards the completion of Unit 3 of the Barakah plant Abu Dhabi, UAE – 16 December 2018:   The Emirates Nuclear Energy Corporation (ENEC) has successfully completed Cold Hydrostatic Testing (CHT) at Unit 3 of the Barakah Nuclear Energy Plant in Abu Dhabi, UAE. The testing, which is a crucial step ......read more

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

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

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 ......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 ......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 ......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 ......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 ......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 ......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 ......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) - ......read more

Wintershall acquires stake in the largest gas and condensate fields yet to be developed in the ...…

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

SRTI Park backs Big 5 Dubai 2018's ‘FutureTech Construction Summit'…

November 25, 2018: As part of its efforts to promote innovation and advanced research in Sharjah and the UAE, the Sharjah Research, Technology and Innovation Park (SRTI Park) has announced that it is participating in the one-day ‘FutureTech Construction Summit’ to be held this month in conjunction with the Big 5 Dubai 2018, the largest and most influential construction event in the ......read more

EDF and Nawah Energy Company sign operations and maintenance assistance agreement for Barakah ...…

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

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

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

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 ......read more

ADNOC to Invest AED 5.1 Billion to Upgrade and Expand its Giant Bu Hasa Field as it Ramps up ...…

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

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

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

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