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Featured in Energy, Oil & Gas
Etihad ESCO signs Contracts with Sharaf Electronics to retrofit 15,000 Light Fixtures…

The Lighting Retrofit Project to generate AED 5 million annual savings UAE, 16 May 2019 – Etihad Energy Services Company (Etihad ESCO) announced the signing of an agreement with Sharaf Electronics for the implementation of the lighting retrofit project at three terminals of Dubai Airport. The project will replace over 15,000 outdoor and indoor lights with latest energy saving LED lights, resulting in about AED 5 million annual savings every year, for next seven years for the airport. In addition, the project supports Dubai Airport’s vision of environmental sustainability. As an accredited ESCO company with Regulatory & Supervisory Bureau (RSB) for electricity and water in Dubai, Sharaf Electronics is tasked to complete the project within a year and a half. With over 8,500 outdoor lights, including high mast lighting ......read more

Abdul Latif Jameel Energy expands role in Middle East water sector…

Agreements in Egypt and Bahrain open up new markets for company Follows recent contract wins in Saudi Arabia and Kenya   May 12, 2019:  Abdul Latif Jameel Energy has stepped up its active participation in the Middle East’s water sector with two agreements expanding its presence in Egypt and Bahrain.    Almar Water Solutions, Abdul Latif Jameel Energy’s dedicated water solutions unit, formed a joint venture with HA Utilities (HAU), part of Hassan Allam Holding (HAH), to provide sustainable water infrastructure solutions to municipal and industrial clients across Egypt.    Drawing on the extensive sector experience of both companies, the JV will work on developing sustainable water solutions, including water and wastewater management, and BOT[1] and BOO[2] projects in ......read more

Schneider Electric Affirms Role in Strengthening Digital Trust by Joining the Cybersecurity Coalition…

Affirms openness and advocacy for securing the digital economy and strengthening cybersecurity policies and laws to benefit customers, partners, and its extended ecosystem  Advances digital trust in our hyper-connected world by prioritizing cybersecurity practices that address digital risk  Improves how customers secure and protect digital infrastructure while complying with international requirements Dubai, UAE, May 02, 2019:   Dedicated to securing and protecting trust in the digital economy, Schneider Electric announced this year its membership in the Cybersecurity Coalition, based in Washington, D.C. As a digital transformation leader operating in more than 100 countries, Schneider Electric continues to work closely with governments, customers, and partners to play a principal role in confronting cybersecurity risks and ......read more

Empower completes periodic maintenance of cooling plants to welcome summer…

Dubai, UAE, 1st May 2019:   Emirates Central Cooling Systems Corporation (Empower), the world's largest district cooling services provider, announced its readiness for summer, with the latest global technologies; to meet the growing demand for district cooling services in Dubai during the summer. The company usually launches summer campaigns to raise awareness among customers, and help them reduce consumption during summer. Empower confirmed the completion of the periodic maintenance of its 75 cooling plants across Dubai, ensure the provision of high quality district cooling services for customers, during the peak hours of summer. Empower confirmed the use of latest district cooling systems, that comply with global standards, in its operational processes. This supports reducing electricity and water consumption by ......read more

Empower's district cooling system supports the growth of hospitality sector in Dubai…

Provides cooling services for more than 17% of hotels in Dubai Help to build a green economy and achieve sustainable development Ahmad Bin Shafar: “The steady growth in Dubai’s hospitality industry is a clear indication that this sector needs to adopt district cooling systems to be an active partner in promoting sustainability and reducing carbon emissions. ” Dubai, UAE, 29th April 2019:   In conjunction with the Arabian Travel Market 2019, Ahmad Bin Shafar, CEO of Emirates Central Cooling Systems Corporation (Empower), the world's largest district cooling services provider, has confirmed Empower’s support to Dubai’s hospitality sector, one of the fastest-growing industries in the UAE. The district cooling system helps the hotel enterprises to reduce carbon emissions and supports the ......read more

FANR Nuclear Technology Portal (NuTech) integrates with Abu Dhabi Customs (Dhabi System)…

- Fully integrated with Abu Dhabi General Administration of Customs, FANR NuTech Portal is the first of its kind in the UAE   - FANR NuTech Portal reduces approval time for clearing of shipments from customs by 80%     28 April 2019, Abu Dhabi, United Arab Emirates: The Federal Authority for Nuclear Regulation (FANR), the nuclear regulator in the UAE, has developed the nation’s first automated import and export control system for nuclear related dual use Items. Fully integrated with Abu Dhabi General Administration of Customs, FANR’s NuTech Portal system is paperless and has reduced approval time for the clearing of shipments from Abu Dhabi Customs by 80%, and achieved a customer happiness rating of 100%.   The FANR’s NuTech Portal was established in March 2018, following five ......read more

The Dubai Supreme Council of Energy (DSCE) launches the fourth edition of Emirates Energy Award (EEA) 2020 in Casablanca, Kingdom of Morocco…

The award aims to promote practices and techniques to improve energy efficiency, rationalize consumption and increase renewable energy Dubai, UAE, April 27, 2019:  The Supreme Council of Energy in Dubai announced the launch of the fourth edition of the Emirates Energy 2020 Award, under the patronage of HH Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai, at a press conference held in the city of Casablanca in the Kingdom of Morocco. As part of the Council's strategy, the aim is to encourage innovative ideas from individuals and research centres, as well as public and private sector institutions to participate in the forthcoming award. The launch ceremony witnessed the presence of representative of UAE embassy in Morocco and HE Ahmad Buti Al Muhairbi, Secretary General of the ......read more

APICORP 2019 OUTLOOK: Total Planned and Committed MENA Investments in Energy Sector estimated to be USD 1 trillion over next five years…

 The share of non-government led investments increased to 22% from last year   Saudi Arabia has the largest committed and planned investments in the medium-term followed by UAE and Kuwait  The power sector constitutes 36% of total investment in the region  The oil sector remains important with just over half of projects now committed accounting for USD 304 billion of investments  MENA remains a primary growth region for gas demand over next five years - with 2% growth per year  The petrochemical sector is in the ascendant, with total investments marking over USD 123 billion   Most of the MENA region will see a greater transition towards gas, downstream and petrochemicals sector, and significant renewable energy additions Dubai, United Arab Emirates -  April 23, ......read more

In 2019 first quarter, the amplified Schneider Sustainability Impact reaches 6.23 out of 10…

Following the excellent progress on SSI in 2018, objectives for 9 indicators out of 21 have been raised With a result of 35% renewable electricity consumption, Schneider Electric continues its steady progress towards its 80% goal in 2020  More than 49,000 metric tons of avoided primary resource consumption Dubai, UAE, April 23, 2019:  For the fifth year, Schneider Electric, the leader in digital transformation of energy management and automation, announces its financial and non-financial results together for the first quarter of 2019. Each quarter, Schneider Electric publishes 21 indicators from the Schneider Sustainability Impact, measuring progress towards its ambitious sustainability commitments for 2018 to 2020, in line with the COP 21 and United Nations objectives. With a total score of 6.23 out of 10 in Q1 ......read more

LIN SCAN successfully inspects unpiggable loading line in UAE using state of the art technology…

Dubai, United Arab Emirates, April 23, 2019:   On 6th February 2019, LIN SCAN successfully completed the cleaning and inspection of three strategic crude oil loading lines in the UAE that had been deemed unpiggable. Within 120 days, thanks to excellent planning and innovation, LIN SCAN carried out the geometric and metal loss inspection survey using its high-resolution Magnetic Flux Leakage tool and submitted digital intelligent inspection reports for the integrity assessment of these lines.   Other companies had previously attempted to inspect these lines using a Tethered UT tool and failed due to complex onshore routing and lack of proper cleaning. By utilising only one drop-out spool, LIN SCAN successfully installed a single-entry, temporary pigging facility (trap) for bi-directional pigging operations at the ......read more

Schneider Electric named among 100 of the World's Most Ethical Companies by the Ethisphere® Institute for the 9th consecutive year…

Schneider Electric is recognized for the ninth consecutive year for putting values and ethics at the heart of its strategy  The ranking recognizes Schneider Electric’s long-term commitment to business ethics at all levels Schneider Electric will expand its ethics charter with a chapter on digital responsibility, making it a leader in this area   Dubai, UAE, April 21, 2019:  Schneider Electric, the leader in digital transformation of energy management and automation, has been recognized as one of the World’s Most Ethical Companies by the Ethisphere® Institute, a global leader in defining and advancing ethical business standards. It is the ninth year that Schneider Electric has received this accolade, proving the group’s long-term commitment to ethical business in all ......read more

LIN SCAN successfully cleans unpiggable UAE loading lines…

Dubai, United Arab Emirates, 21 April 2019:  On 6th February 2019, LIN SCAN successfully completed the cleaning and inspection of three strategic crude oil loading lines in the UAE that had been deemed unpiggable. Within 120 days, thanks to excellent planning and innovation, LIN SCAN carried out the geometric and metal loss inspection survey using its high-resolution Magnetic Flux Leakage tool and submitted digital intelligent inspection reports for the integrity assessment of these lines.   Other companies had previously attempted to inspect these lines using a Tethered UT tool and failed due to complex onshore routing and lack of proper cleaning. By utilising only one drop-out spool, LIN SCAN successfully installed a single-entry, temporary pigging facility (trap) for bi-directional pigging operations at the onshore ......read more

APICORP Reports 2018 Record Financial Year with net profit increase to USD182m…

2018 marks a record financial year for APICORP  Total assets grew by 11% Dubai, UAE, April 17, 2019:   The Arab Petroleum Investments Corporation (APICORP), a multilateral development financial institution, held its 43rd General Assembly for 2019 in Muscat, Oman.  The meetings were attended by the shareholders of APICORP representing its member states, the ten Arab oil exporting countries.    The net profit for the Corporation in 2018 increased to USD 182.3 million, a 76 percent year-over-year increase and is the highest in APICORP’s history. This was driven by returns from a capital gain of USD 86.7 million on the sale of APICORP’s equity stake in National Petroleum Services (NPS) as well as remarkable growth achievements of net interest income and dividend income at 67 ......read more

Grandweld Shipyards delivers four Crew Boats to Kuwait Oil Company…

As per the contract’s delivery deadline 17 April 2019:   The UAE-based, Grandweld Shipyards, has recently announced a delivery of four Crew Boats to Kuwait Oil Company “KOC”. As per the contractual agreement signed in May 2017, Grandweld should build six Pilot Boats and four Crew Boats for KOC. Five boats have been delivered and the remaining five will be delivered in June 2019. Furthermore, the newly constructed four boats were specially designed to meet the requirements of KOC, in accordance with Lloyd's Register’s classification rules in order to provide the highest operational efficiency and safety, and have been delivered promptly without delay. Commenting on this development, Jamal Abki, General Manager of Grandweld Shipyards clarified, “Our long years of experience in the ......read more

BP and Schneider Electric Sign Five-Year, Global Frame Agreement…

Schneider Electric to serve as one of BP’s Main Electrical Contractors  Intention to drive value, innovation and safety for BP’s upstream projects EcoStruxture architecture to improve lifecycleTotEx spend from design to commissioning to operations Dubai, UAE, April 16, 2019:  BP, a global energy producer, has selected Schneider Electric, a leader in the digital transformation of energy management and automation, as one of its main electrical contractors (MEC) in a five-year global framework agreement.    Under the terms of the agreement, Schneider Electric will provide full-scope design and engineering services, including optimization, project management and integration, procurement and supply chain management, and full support from commissioning through to operations after start-up for ......read more

RAK Petroleum plc announces share buyback offer…

Not for Direct or Indirect Release, Publication or Distribution, in Whole or in Part, Into or in the United States, Canada, Australia, New Zealand, South Africa, Japan, the Kingdom of Saudi Arabia or the United Arab Emirates or Any Other Jurisdiction in Which Offers or Sales Would Be Prohibited by Applicable Law. Please See the Important Notice at the End of This Announcement. Dubai, UAE, April 15, 2019: Buyback Offer RAK Petroleum plc, the Oslo-listed oil and gas investment company (the “Company”), announces its intent to repurchase such number of its class A shares with ISIN GB00BRGBL804 (the "Shares") at the Repurchase Price (as defined below) up to a maximum aggregate consideration of US$ 15 million in accordance with the authorization provided at its Annual General Meeting on 1 June 2018 (the ......read more

Schneider Electric Extends Award-Winning Galaxy UPS Series with the Galaxy VS for Critical Infrastructure and Edge Applications…

Compact and flexible design ideal for any environment 99% online efficiency and Lithium-ion battery option reduce Total Cost of Ownership EcoStruxure™ Ready simplifies management and servicing Modular design for faster deployment and servicing Dubai, UAE, April 14, 2019:  Schneider Electric, the leader in digital transformation of energy management and automation, today introduced the Galaxy VS, a highly efficient, modular, easy-to-deploy, 10-100 kW, three-phase Uninterruptible Power Supply (UPS) designed to meet the critical power requirements of IT, commercial, and industrial facilities.    With its compact and flexible design, the Galaxy VS addresses the unique requirements of edge computing and small data centers where space and access are at a premium. Up to 99% efficient and with optional ......read more

DP World, UAE Region to Unveil Door-to-door Solutions at GPCA…

Strengthening Dubai's Position as a Hub for Petrochemicals and Chemicals Dubai, United Arab Emirates, 13 April 2019:   DP World UAE Region will showcase its latest range of offerings for the petrochemicals and chemicals sector at the 11th Gulf Petrochemical and Chemical Association (GPCA) trade show that will be held from 15-17 April 2019 in Dubai. The company will highlight new door-to-door logistics solutions that cover the full breadth of the supply chain and support customers every step of the way. These solutions are based on generating and leveraging synergies from integrating the activities of its numerous businesses –including Jebel Ali Port, Jebel Ali Free Zone, Dubai Trade, and many others – and creating one of the most efficient and robust supply chains in the GCC. Mohammed Al Muallem, CEO and ......read more

Abdul Latif Jameel Energy continues advance in Australia in drive to grow capacity eight-fold by 2024…

The solar plant will produce enough energy to supply more than 45,000 Australian homes, while avoiding the emission of 175,000 tons of CO2 per year FRV has invested USD 700m in Australia since 2012  Company investing USD 900m worldwide in 2019 alone in strategy to increase installed capacity eight-fold by 2024 in projects around the world Dubai, UAE, 10 April 2019:  Fotowatio Renewable Ventures (FRV), part of Abdul Latif Jameel Energy and a global leader in the development of renewable energy projects, has announced that its latest project in Australia, the Lilyvale solar plant, is now up and running.   The 100 MW ac project produced its first Kwh of energy last month and is expected to reach full capacity in the coming months following a testing phase. Located in the Queensland Central Highlands region, ......read more

At Hannover Messe 2019, Schneider Electric showcases digital collaboration and productivity solutions to power connected industry…

Schneider Electric Exchange is the world’s first cross-industry open ecosystem that unleashes the power of collaboration in an open environment Schneider Electric’s EcoStruxure architecture and platform gives unprecedented productivity with IIoT-ready solutions for machine builders A new range of EcoStruxure Advisor apps and services help companies start their digitization journey Dubai, United Arab Emirates, April 8, 2019 –   Closely aligned to the “Integrated Industry – Industrial Intelligence” theme of Hannover Messe, Schneider Electric, the leader in digital transformation of energy management and automation, will showcase a range of digitally connected products, solutions, and services that help customers either begin their digitization journey, or accelerate their digital ......read more

Schneider Electric Combines Physical Infrastructure with Cisco's HyperFlex™ Edge for New Micro Data Center Options…

Offering several new, customizable reference designs for flexibility and fast deployment at the Edge Dubai, UAE, April 07, 2019:   Schneider Electric, the leader in digital transformation of energy management and automation, announced today new solutions for micro data centers that couple APC by Schneider Electric physical infrastructure with Cisco’s HyperFlex Edge, hyperconverged infrastructure (HCI) solutions for quick and efficient deployment in edge environments in EMEA (Europe, the Middle East & Africa) and NAM (North America & Mexico).   Together, Schneider Electric and Cisco can now offer IT global channel partners and system integrators access to several new reference designs for HyperFlex deployments that can be used as-is or be customized to meet specific micro data center needs. ......read more

The Arab Petroleum Investments Corporation (APICORP) issues USD 300 million 5-Year Dual Listed Floating Rate Formosa…

The transaction from APICORP is the third successful “Formosa” bond since its first Formosa issuance in 2016 Dubai, UAE, April 03, 2019:   The Arab Petroleum Investments Corporation (APICORP), a multilateral development bank, rated Aa3 by Moody’s with a positive outlook, successfully issued its third Formosa bond after accessing this market earlier in 2016 and 2017. The Aa3 rated USD 300 million 5-year Note which matures on April 01, 2024, offers investors a floating rate coupon.  The transaction attracted robust investor demand with order book close to three times oversubscribed, enabling APICORP to price its Formosa well within its secondary curve while also continuing to strengthen its investor access into Asia, innovate its funding profile and access efficient and cost-effective financing ......read more

Next Stage of Testing Completed at Unit 2 of Barakah Nuclear Energy Plant…

Structural Integrity Test (SIT) and Integrated Leak Rate Test (ILRT) successfully completed for Unit 2 SIT and ILRT demonstrate Unit 2’s exemplary structural safety performance under normal and extraordinary circumstances  Abu Dhabi, UAE – 31 March  2019:  The Emirates Nuclear Energy Corporation (ENEC) has recently completed the Structural Integrity Test (SIT) and Integrated Leak Rate Test (ILRT) at Unit 2 of the Barakah Nuclear Energy Plant. These significant pre-operational tests incorporated all the lessons learned from the same tests on Unit 1, and represent another major achievement in the testing and commissioning phase of the Barakah plant, located in the Al Dhafra region of Abu Dhabi Emirate.   The SIT and ILRT were performed over a period of ten days, on the Unit 2 at Barakah. ......read more

Schneider Electric accelerates its practices of gender equality and inclusion forward with 100% leadership commitment to UN Women's Empowerment Principles…

Schneider Electric is the first multi-national company to achieve unanimous commitment by its country presidents to the UN’s guidelines on gender equality and empowerment Commitment exemplifies Schneider Electric’s practices of inclusion and furthers the company’s goals of advancing gender equality across its global footprint  Dubai, United Arab Emirates, March 26, 2019 –   Schneider Electric, the leader in digital transformation of energy management and automation, announced today that it is the first multi-national company to  achieved 100% commitment to the UN Women’s Empowerment Principles (WEPs) across its global leadership team. In addition to the company’s Chairman and CEO, Jean-Pascal Tricoire, each of the company’s country presidents in markets with at least ......read more

Schneider Electric Partners with Vericlave to Strengthen Customers' Cyber Posture…

Fortifies end-to-end cyber portfolio to protect industrial installations Advanced technology shrinks attack surface by more than 90 percent Cuts cybersecurity deployment and ownership costs by 50 percent or more   Dubai, United Arab Emirates – March 21, 2019 –   Schneider Electric, the leader in the digital transformation of energy management and automation, has entered into a global partnership with Vericlave, a leading cybersecurity technology provider. Under the terms of the agreement, Schneider Electric will provide Vericlave’s advanced encryption technology to further secure and protect its customers’ critical IT and OT systems from the risk of cyberattack.    “Digital transformation and the growth of IoT are giving rise to new threats that can have a ......read more

Other Top Stories from Energy, Oil & Gas
 
Mubadala Petroleum to acquire an interest in the Nour Concession in Egypt…

Abu Dhabi, 12 November 2018:    Mubadala Petroleum announces that it has agreed with Eni to purchase a 20 percent participating interest from Eni’s share in the Nour North Sinai Offshore Area (”Nour”) concession, an offshore exploration block in Egypt. Eni is the operator of the concession through its subsidiary, IEOC. In the concession, which is in participation ......read more

ADNOC CEO Says Oil and Gas Industry a Critical Enabler of Economic Growth in 4th Industrial Age in ...…

ADNOC CEO defines central mission of the industry as ‘Oil and Gas 4.0’ – how technology and energy are converging to deliver a step-change in global development ADNOC CEO outlines strategic SPC AED 486 billion capex program and expansion of oil and gas production capacity that will maximize the value of Abu Dhabi’s resources and support growing energy ......read more

Global Oil, Gas and Petrochemical Leaders Discuss Evolving Energy Landscape and Opportunities ...…

ADNOC hosts 26 of the world’s leading oil, gas and petrochemicals executives to discuss future growth trends at Abu Dhabi CEO Roundtable High-level attendance underlines Abu Dhabi’s position at the center of the conversation shaping the future of the oil and gas industry Role of artificial intelligence, predictive data and analytics and blockchain technologies in helping meet ......read more

Malaysian Oil & Gas Products and Services Tapping Into the Lucrative Middle East Market…

Dubai, UAE, November 11, 2018:   MATRADE continues to create greater awareness and visibility on Malaysia's capabilities and expertise in providing world class  oil & gas products and services through participation in ADIPEC 2018. This year will be MATRADE’s fifth participation in this annual largest oil & gas exhibition in Middle East which will take ......read more

ADNOC Signs Agreement Granting Total a 40% Stake in Unconventional Gas Concession…

Historic unconventionals concession award is the first of its kind in the region Announcement follows Supreme Petroleum Council’s approval of ADNOC’s integrated gas strategy Award propels ADNOC’s target to produce 1 bcfd of unconventional gas before the end of the next decade ADNOC committed to delivering a sustainable and economic gas supply as the UAE works towards ......read more

Schneider Electric Says Energy Efficiency to Enable Social Change in Dubai in 2019…

DUBAI, United Arab Emirates – 11 November 2018 – Schneider Electric , the leader in digital transformation of energy management and automation, announced today that digitization through modern technology will be the top factor in enabling sustainable economy and social change across Dubai’s businesses and daily lives in 2019, said Hanan Darwish, Cluster President – Gulf ......read more

Schneider Electric to Highlight 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 Georges El Mir: “2019 will be crucial for Middle East energy firms to accelerate their digital transformation and adopt the Internet of Things” ABU DHABI, United Arab ......read more

UAE Recognized As Role Model for Development of Peaceful Nuclear Energy at Nuclear Inter Jura ...…

23rd Nuclear Inter Jura Congress concludes following four days of discussions UAE home to one of the world’s leading peaceful nuclear energy programs Abu Dhabi, UAE – 7 November 2018:   The UAE Peaceful Nuclear Energy Program has been recognized for its unique achievements and coordinated development during the 23rd Nuclear Inter Jura Congress. Held for the first ......read more

ADNOC to Convene Global Energy Leaders in Abu Dhabi for Third Annual CEO Roundtable on Eve of ADIPEC…

27 leaders from oil, gas and petrochemical industries to discuss impact and opportunity of digitalization, technology and Fourth Industrial Age Strength of attendance at roundtable demonstrates Abu Dhabi’s convening power as global hub for the world’s oil and gas industry  Abu Dhabi, UAE – November 7, 2018:   Twenty-seven of the world’s leading oil ......read more

New Economies and Advanced Technology are Driving Paradigm Shift in Global Energy Demand…

ADNOC Founding Partner in Bloomberg New Economy Forum; agenda aligns with the UAE’s vision for building bridges, connecting global economies, and enabling prosperity Goals of NEF in line with the UAE’s 2071 strategy to prepare for the future and capture the opportunities that lie ahead. Demand for energy in Asia growing at more than twice global rate, requiring creative ......read more

ENEC Barakah Youth Circle Discusses ‘Energy Gap – The Way Forward'…

Youth Circle takes place on sidelines of INLA’s 23rd Nuclear Inter Jura Congress Abu Dhabi, UAE – 5 November 2018:   The Barakah Youth Council, comprised of employees from Emirates Nuclear Energy Corporation (ENEC) and its subsidiaries, organized a Youth Circle on the sidelines of the 23rd Nuclear Inter Jura Congress, taking place in Abu Dhabi this week. Entitled ......read more

Abu Dhabi to Host International Nuclear Law Congress…

ENEC sponsors the  23rd Nuclear Inter Jura Congress to showcase the UAE Peaceful Nuclear Energy Program    Abu Dhabi, UAE – 3 November 2018: The United Arab Emirates is hosting the 23rd Nuclear Inter Jura Congress in Abu Dhabi from 4 to 8 November 2018. The Congress, which is being held in the Middle East for the first time, is organized by the International ......read more

Arc Faults Can Trigger $46,000 Downtime Costs Per Day…

Dubai, UAE, October 29, 2018:  Research by Eaton estimates the cost of production downtime alone could reach $46,000 within 24 hours of an arc fault. Then there is the threat to life safety posed by the initial explosion, the potential for reputational damage and the the cost of replacement assemblies and parts to consider. These can be catastrophic consequences, particularly in ......read more

RAKGas signs agreement for Zanzibar's first oil and gas exploration project…

Dubai, UAE, October 29, 2018:  His Highness Sheikh Saud bin Saqr Al Qasimi, UAE Supreme Council Member and Ruler of Ras Al Khaimah, attends signing ceremony at the invitation of His Excellency President Dr. Ali Mohamed Shein of Zanzibar RAKGas, through its international subsidiary RAKGas Zanzibar Limited, has signed an oil and gas Production Sharing Agreement with the Revolutionary ......read more

French Pavilion back to ADIPEC and set to explore Oil & Gas opportunities in the region…

Over 40 French companies to be represented at the key global event in Hall 9 at ADNEC from the 12th to the 15th of November 2018.     United Arab Emirates- 2018  – Business France, the national agency supporting the international development of the French economy, will be hosting +40 leading companies from France at the Abu Dhabi International Petroleum Exhibition ......read more

AUGIER Energy to reveal spearheading innovations at ADIPEC 2018…

Meet with Augier’s team of experts on stand 254 at the French Pavillion in ADNEC, Hall 9 from the 12th to the 15th of November.    United Arab Emirates, October 25, 2018 – AUGIER Energy, the  worldwide leader in Energy Distribution & Transmission  for medium voltage solutions for long distances up to 50 kilometres, will be hosting a stand in the ......read more

WETEX Deals build partnership between Ireland and the UAE…

Enterprise Ireland facilitates deals in Dubai at WETEX 2018, the world’s biggest sustainable exhibition  Irish companies set to bring technology and innovation to the UAE and MENA region ResourceKraft & Al Sharif Group form strategic partnership to deliver energy management solutions to Dubai and Abu Dhabi Energy Services Ltd. to assist Ras Al Khaimah Municipality with ......read more

Masdar and Bee'ah reach financial close on UAE's first waste-to-energy facility…

New plant in Sharjah showcased at WETEX 2018 will treat more than 300,000 tonnes of municipal solid waste a year and have a capacity of around 30 megawatts (MW)  Abu Dhabi, UAE, October 24, 2018:   Masdar (Abu Dhabi Future Energy Company) and leading environmental management company Bee’ah have completed the financing of a US$220 million waste-to-energy (WTE) plant in ......read more

UAE's first waste-to-energy facility…

New plant in Sharjah showcased at WETEX 2018 will treat more than 300,000 tonnes of municipal solid waste a year and have a capacity of around 30 megawatts (MW)  Abu Dhabi, UAE, October 23, 2018:   Masdar (Abu Dhabi Future Energy Company) and leading environmental management company Bee’ah have completed the financing of a US$220 million waste-to-energy (WTE) plant in ......read more

Phase 3 of MBR Solar Park in Dubai wins Solar Project of the Year 2018 at the Asian Power Awards…

Dubai, UAE, October 17, 2018:  The third phase of the Mohammed bin Rashid Al Maktoum (MBR) Solar Park in Dubai has been awarded Solar Project of the Year 2018 at the Asian Power Awards in Jakarata.  Ian Warrilow, President and Country Manager of Mubadala Petroleum, accepted the award on behalf of Masdar (Abu Dhabi Future Energy Company), a partner in Shua’a Energy 2, the ......read more

Nawah Energy Company Establishes World's First Nuclear Language Proficiency Standards…

Committed to effective safety communication as part of a healthy nuclear safety culture, Nawah has developed the first language standards for the nuclear industry The Innovative Nuclear English Development Center in Barakah Nuclear Energy Plant supports continuous learning and development of all employees Abu Dhabi, UAE – 13 October 2018:   Nawah Energy Company (Nawah), ......read more

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

Abu Dhabi, October 11, 2018 -   Masdar, Abu Dhabi Future Energy Company, has signed a green revolving credit facility (RCF) with four local and international banks to provide funding for new and ongoing investments in its global clean technology and sustainable real estate projects. The facility, which is the first green RCF in the Middle East, has been arranged with the UAE’s ......read more

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

Abu Dhabi, United Arab Emirates; October 11, 2018:  Masdar (Abu Dhabi Future Energy Company) has launched the Women in Sustainability, Environment and Renewable Energy (WiSER) Pioneers Programme, a year-round agenda aimed at nurturing young women aged 20-30 into the next generation of sustainability leaders through proactive engagement with policy makers, industry leaders, technical experts, ......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

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