By Ole Hansen
Head of Commodity Strategy / Saxo Bank
Commodities markets have seen big swings during the past month
Farm commodities under pressure from supply overhang and speculative selling
Precious metals surged around Easter on spike in geopolitical concerns
Gold is back testing key resistance, but could be in for short-term correction
Surprise jump in US gasoline stocks rattled oil-market bulls
Big commodity swings have been witnessed during the past month, not least in the farm sector where bloated global stocks and the prospect of another bumper year — weather permitting — have led to heavy selling by hedge funds across both soft commodities and grains. The latter have been hit particularly hard with a net short now seen in all of the key crops.
Industrial metals are on track for a second ......read more
Global CO2 emission to reach 43 Billion tonnes by 2040
Hydrogen to play a key role in resolving the energy storage dilemma
UAE - 18 April 2017
Towns, cities and individuals must be held accountable for the energy they consume and should be rewarded and penalized accordingly, George Berbari, one of the world’s foremost voices on district cooling technologies told the prestigious District Cooling Stakeholders Summit, in Dubai yesterday (18 April 2017).
Berbari, founder of UAE-based district cooling consultancy DC PRO Engineering, and author of the thought-provoking ‘The Energy Budget’ – which outlines a self-financing long-term solution to tackle climate change – outlined that with CO2 emissions expected to reach 43 billion tonnes globally by 2040, it is crucial that municipal official, government ......read more
Contest promotes innovation among business and engineering students
Winning team to visit Schneider Electric’s global facilities, receive employment offers from company
Dubai-UAE: 17 April, 2017 – Schneider Electric, the global specialist in energy management and automation, has launched the seventh edition of ‘Go Green in the City,’ its annual global challenge for business and engineering students that promotes innovative energy management ideas for smart cities.
Business and engineering undergraduate and post-graduate students from all over the world can join the competition until 12 May, 2017. Teams must submit a case study illustrating their ideas for innovative energy management solutions in cities related to one of the four topics: Strategy and Technology, Cooling Solutions, Energy ......read more
Empower announced recently a saving of 1000 MW of electricity, which is equal to AED 2.6 billion, as a result of using its district cooling services in 2016
Dubai, UAE, April 17 2017: Emirates Central Cooling Systems Corporation (Empower), world’s largest district cooling services provider, underlined the importance of district cooling as an environment-friendly alternative to conventionalair-conditioning. The company emphasised the importance of district cooling to real estate developers ahead of the upcoming Cityscape Abu Dhabi2017, one of the largest and most significant real estate events, which will take place at the Abu Dhabi National Exhibition Centre (ADNEC)from April18th to 20th 2017.
"District cooling is the need of the hour. It paves the way for economic advancements. The UAE is making remarkable ......read more
- Over 100 UAE Ambassadors briefed on the UAE Peaceful Nuclear Energy Program
- Delegation witnessed the exceptional progress made at Barakah
Abu Dhabi, UAE – 15 April 2017: The Emirates Nuclear Energy Corporation (ENEC) and Nawah Energy Company (Nawah) welcomed 117 of the UAE’s overseas diplomats to the Barakah Nuclear Energy Plant during a tour of the project, which included a briefing on the UAE’s Peaceful Nuclear Energy Program and the latest construction and commissioning milestones.
The UAE Ambassadors and Heads of Missions Abroad were hosted by ENEC CEO, Mohamed Al Hammadi, Acting CEO of Nawah Energy Company, Mohammed Sahoo Al Suwaidi, Barakah One Company CEO, Nasser Al Nasseri, ENEC’s Deputy CEO Ahmed Al Rumaithi, and other senior ......read more
ENGIE, through its subsidiary International Power SA, has been qualified in the first round of the tendering process for two renewable energy projects in Saudi Arabia. ENGIE is among the 27 companies selected for a 300 MW solar photovoltaic project, and among the 24 companies selected for a 400 MW wind farm. The shortlisted companies have been selected from a total of 128 applications.
The 300 MW solar photovoltaic project will be developed in the Sakaka area in the northern Al Jouf Province. The 400 MW wind farm will be built in the Midyan coastal area in Tabuk Province, which is also in the north. Both projects will be backed by long-term power purchase agreements (PPAs), i.e. 25 years for Solar PV and 20 years for Wind. The request for proposal process will be launched on 17 April, on the occasion of the Saudi Arabia Renewable ......read more
Abu Dhabi, UAE, April 11, 2017: ADNOC Distribution has announced a reduction of the retail price of unsubsidised LPG cylinders for the month of April 2017 in all service stations in the UAE.
As per the announcement that is set on the 10th of every month, the new reduced retail price is as follows: AED 52 per 25lb, reduced from the earlier marked retail price of AED 58; AED 104 per 50lb, reduced from the earlier marked retail price of AED 116; and AED 208 per 100lb, reduced from the earlier marked retail price of AED 232.
Saeed Mubarak Al Rashdi, Acting Chief Executive Officer of ADNOC Distribution, said: “Our competitive LPG cylinder prices are re-evaluated every month bearing in mind the interests of consumers and household customers in the UAE while taking into account fluctuations in international prices for the ......read more
- Sultan Ahmad Bin Sulayem: CNPC’s move reinforces the company’s presence in Middle East markets and consolidates Jafza’s position as a regional hub for the oil and gas sector.
- Zhu Junfeng: New headquarters brings together 16 organisations in CNPC Group under one roof
Dubai, United Arab Emirates,11 April, 2017: Jebel Ali Free Zone (Jafza), a DP World Company and the UAE’s flagship trade and logistics hub for the Middle East region and Africa and the China National Petroleum Corporation (CNPC), the largest integrated energy company in China, have signed an agreement to establish CNPC’s regional headquarters in Jafza to serve its customers in the Middle East.
The agreement was signed between Mohammed Al Muallem, CEO of Jafza and ......read more
• Construction in full swing on Oman’s second largest power plant
• Commercial operation to commence in less than two years
• Gas turbine project with capacity of over 1,700 Megawatts
06 April 2017 - Dubai UAE: Work is progressing fast on the construction of SOHAR III, a green-field, integrated combined-cycle gas turbine power plant located in SOHAR Port. The project is valued at over US$1 billion and is on track to commence commercial operations by January 2019. With more than enough capacity to power new developments in the recently announced SOHAR Port South and SOHAR Freezone Phase II expansions, the new plant will have a power output of over 1,700 Megawatts, making it Oman’s second largest power station.
Developed by Shinas ......read more
Empower accentuates the importance of implementing a less expensive and greener alternative to air conditioning to reduce energy consumption and carbon emissions
Dubai, UAE - 5 April, 2017: Emirates Central Cooling Systems Corporation (EMPOWER), the world's largest district cooling service provider, accentuated the importance of implementing a less expensive and greener alternative to air conditioning, such as District Cooling Solutions (DCS) tooptimise climate change and reduce energy consumption and carbon emissions. The announcement was made on the occasion of the “Sustainable Energy for all forum” in New York, United States. The international forum supports the efforts to enhance sustainability and energy saving all over the world.
A report titled ‘UAE Climate Change Risks & ......read more
Purchase is significant step in firm’s global expansion
Dubai-UAE: 4 April, 2017 – The BB Energy Group (BB Energy) today announced that it has purchased Pioneer Energy, Morgan Stanley’s diesel terminal in Australia, via its wholly owned subsidiary Wala B Terminal Holding PTY Ltd. In line with BB Energy's ongoing global expansion, the acquisition is the company’s first in Australia.
Pioneer Energy owns the largest diesel terminal in Mackay, Queensland that comprises three storage tanks, each with a capacity of 25,000 cubic metres. It is the only fuel terminal in the Australian port city that incorporates marine loading arms for safe, efficient and fast vessel discharge at 3,600 cubic metres per hour.
With a strong commitment to sustainability, the Mackay terminal is ......read more
Abu Dhabi - UAE; April 2, 2017 -- Saudi Arabian Oil Company (Saudi Aramco) today signed two separate Memorandums of Understanding with Abu Dhabi National Oil Company (ADNOC) and with Masdar, Abu Dhabi’s renewable energy Company, covering energy and technology collaboration, renewables, and carbon management.
Under the terms of the MoU between ADNOC and Saudi Aramco, the two companies will collaborate on identifying technologies that could deliver improved operational performance and efficiency across the oil and gas value chain.
The MoU was signed by H.E. Dr Sultan Ahmed Al Jaber, UAE Minister of State and ADNOC Group CEO and Amin H. Nasser, President and CEO of Saudi Aramco.
H.E. Dr Al Jaber said: “The United Arab Emirates and the Kingdom of Saudi Arabia have strong bilateral ties built on fraternity, ......read more
Dubai, UAE, 28 March, 2017: Emirates Maritime Arbitration Centre (EMAC) will be attending the 10th International Fujairah Bunkering & Fuel Oil Forum as a function sponsor. Taking place on 27 to 29 March at the Al Diar Siji Hotel in Fujairah, the annual event is held under the patronage of His Highness Sheikh Hamad bin Mohammed Al Sharqi, Ruler of Fujairah & Member of the UAE Supreme Council. Through the leadership of H.E. Dr. Mohammed Saeed Al Kindi, the Chairman of the Fujcon Steering Committee and EMAC board of trustee member, the conference brings together maritime stakeholders from all corners of the bunker trade.
Considered the Middle East’s most important bunkering forum, FUJCON is the anchor event held during Fujairah Bunkering Week, a dedicated professional training week comprising a conference, ......read more
Renewable resources lead the way in smart approach to sustainable development
Dubai, UAE, March 27, 2017: In today’s era, smart energy solutions are a prerequisite for the socio-economic development of the country. The smart energy solutions not only provide access to affordable, reliable, sustainable and modern energy solutions, but also drive the country towards its sustainable development goals. In wake of the above, the inaugural edition of ‘Future Cities Show’ in Dubai, UAE, which runs from April 2nd -4th, will shed light on smart energy solutions.
Future Cities Show 2017 is a global platform for companies and organisations engaged in developing an advanced infrastructure all over the world. It will attract big investors and those who have creative and innovative ideas to build future cities from economic, ......read more
Schneider Electric’s Gulf leadership team participates in knowledge exchange with USC students
Dubai, UAE: 26 March, 2017: Schneider Electric, a global leader in energy management and automation, hosted a delegation from the University of Southern California (USC), one of the world’s leading private research universities based in Los Angeles, in early March 2017 at its offices in Dubai.
Schneider Electric is one of five leading companies in the UAE that have been collaborating with graduate students at the Marshall School of Business at USC on field projects exploring emerging issues as part of an experiential MBA programme.
The course, developed and taught by Omar El Sawy, Kenneth King Stonier Professor of Business Administration at USC, focuses on digital business strategies for sustainability in dynamic ......read more
Wintershall continues on growth course
Robust portfolio ensures profitability
Positive free cash flow despite low prices
Kassel / Abu Dhabi, March 23, 2017: Wintershall is on a growth course despite the difficult conditions in the industry and attained an historic level of production in 2016 of 165 million barrels of oil equivalent (BOE). This means the company has increased its oil and gas production in the last ten years by around 50 percent. At the same time, Wintershall more than doubled its commercially recoverable oil and gas reserves in the same period from 814 million BOE to 1.62 billion BOE. “Solid foundations for further profitable growth in future too,” CEO Mario Mehren said at the company’s annual press conference and announced that the company would continue on its long-term growth ......read more
Reactor Coolant Loop (RCL) pipe welding completed, establishing new quality benchmark for global industry
Concrete pouring for containment building dome structure successfully completed
Abu Dhabi, UAE – 22 March 2017: The Emirates Nuclear Energy Corporation (ENEC) has successfully completed the welding of Reactor Coolant Loop piping and the Reactor Containment Building (RCB) dome structure for Unit 3 of the Barakah Nuclear Energy Plant.
The completion of pipe welding for the Reactor Coolant Loop has set a new global benchmark for quality in pipe welding, and the RCB dome structure marks the completion of the major construction activities for the building which houses the main components. These achievements mark another set of safe and on-time milestones in the construction of Unit 3, which is now 69 ......read more
Abu Dhabi, United Arab Emirates; March 22, 2017: EDF Group, via its subsidiary EDF Energies Nouvelles, a market leader in renewable energy electricity, has joined the Masdar-led consortium developing the 800-megawatt (MW) third phase of the Mohammed bin Rashid Al Maktoum Solar Park in Dubai.
The agreement formalising the company’s entry into the consortium was signed today by Jean-Bernard Levy, Chairman and CEO of EDF Group, and Mohamed Jameel Al Ramahi, CEO of Masdar, Abu Dhabi Future Energy Company.
His Excellency Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA), His Excellency Michel Miraillet, Ambassador of France to the UAE, and Antoine Cahuzac, Group Senior Executive Vice President for Renewable Energies at EDF Group and Chief Executive Officer (CEO) of EDF Energies ......read more
Dubai, UAE, March 22, 2017: The clock is ticking for UAE entities as they look forward to taking their place in the UAE Pavilion – one of the largest – at the International Specialized Exhibition EXPO 2017 "Future Energy", which will be held in less than 80 days’ time.
“With less than three months remaining until EXPO 2017, we are happy to announce that the preparations for the exhibition are almost over, and the participating countries are already starting to organize their pavilions”, said Akhmetzhan Yessimov, the Chairman of the Board of JSC National company Astana EXPO-2017.
The United Arab Emirates will host one of the largest pavilions at the event, spread over 980 square metres, that will feature a presence from major UAE organisations. EXPO 2017 will run from 10th June to 10th ......read more
Region outgrows global average of 2.2%
Dubai, United Arab Emirates, March 21, 2017: The petrochemical industry in the Arabian Gulf region grew at 3.7%in 2016 reaching 150 million tons of capacity, according to an annual study by the Gulf Petrochemicals and Chemicals Association (GPCA), outpacing the global average growth of 2.2%. The figures emerged from ‘Arabian Gulf Industry Year in Review’ part of GPCA’s recently released Annual Report.
Released today by GPCA, the go to resource for industry data in the region, the study highlights that the industry’s growth is largely due to new capacity added in Saudi Arabia, the region’s largest petrochemical producer with 99.1 million tons of capacity, representing a 66% share of regional capacity.
While the report highlights a fall ......read more
A surge of mega deals is approaching and will accelerate the “merger endgame” in multiple chemicals markets.
United Arab Emirates, Dubai, 21 March, 2017: Record-high M&A activity is set to transform the chemicals industry in 2017, according to A.T. Kearney’s new Chemicals Executive M&A Report. More than $300 billion of chemicals M&A deals are in the pipeline of which four pending mega deals represent 75 percent. Each of these large deals (Dow-Dupont, Bayer-Monsanto, ChemChina-Syngenta, Praxair-Linde) is valued between $40-70 billion, two to three times larger than any single deal seen in the past 10 years.
“The planned mega deals highlight a broader trend of diversified chemicals companies shifting their portfolios toward more pure play models. This shift is incentivized by the higher ......read more
Decarbonisation of global energy system, led by renewables and efficiency, would create economic gains
Berlin, Germany, 20 March 2017 — Global energy-related carbon dioxide (CO2) emissions can be reduced by 70% by 2050 and completely phased-out by 2060 with a net positive economic outlook, according to new findings released today by the International Renewable Energy Agency (IRENA). Perspectives for the Energy Transition: Investment Needs for a Low-Carbon Energy Transition, launched on the occasion of the Berlin Energy Transition Dialogue, presents the case that increased deployment of renewable energy and energy efficiency in G20 countries and globally can achieve the emissions reductions needed to keep global temperature rise to no more than two-degrees Celsius, avoiding the most severe impacts of climate ......read more
Abu Dhabi-UAE: 16 March, 2017: In keeping with its corporate social responsibilities, ADNOC Distribution announced its support for the GCC Traffic Week taking place across the GCC region from 12 to 18 March 2017. The 33rd edition of the annual traffic safety campaign is running under the theme of ‘Your Life is Trust’.
Throughout its nationwide service station network, ADNOC Distribution is seeking to raise awareness about the importance of adhering to speed limits, along with the dangers of using mobile phones behind the wheel, driving without a seat belt, and parking in spots designated for people with special needs.
Saeed Mubarak Al Rashdi, Acting Chief Executive Officer of ADNOC Distribution, said: "As a key supporter of transport and mobility operations across the UAE, ADNOC Distribution recognises ......read more
Company’s annual event from 11-12 April at Atlantis, The Palm to showcase advanced seamless digital connectivity platform - EcoStruxure™
Set to draw participation of around 2,500 attendees from Middle East and Africa
Dubai, UAE: 16 March, 2017: Schneider Electric, a global specialist in energy management and automation, is set to highlight how the future of energy management and automation is being redefined at the IoT-themed Innovation Summit on 11 and 12 April at Atlantis, The Palm in Dubai.
Currently in its fifth year, Schneider Electric’s flagship event will showcase the latest technologies providing homes, datacenters, hotels, healthcare, businesses, utilities providers and O&G operators with analytics, real-time data management and intelligence capabilities. The largest of ......read more
Bahrain Prepares to Host the Second Edition of the Middle East Heavy Oil Congress
Middle East Holds Nearly 1 Trillion Barrels of Heavy Crude Oil, accounting for nearly 30% of World Reserves: Industry Report
Kingdom of Bahrain – 13 March 2017: Technology and innovation will play an instrumental role in securing heavy oil’s valuable position in the global energy mix, according to the region’s industry experts.
Speaking ahead of the upcoming Middle East Heavy Oil Congress (MEHOC), the largest gathering of heavy oil professionals in the region, Dr Peter Bartlett, Chief Executive of the Bahrain Petroleum Company (Bapco), said overcoming the challenges associated with leveraging this complex – but invaluable – energy resource will depend on the industry’s ability to develop commercially viable ......read more
Dubai, United Arab Emirates: The Dubai Supreme Council of Energy (DSCE) in association with Etihad ESCO, and TAQATI held a workshop for Energy Users, reflecting on the progress and performance of Directive 1 of 2015. The workshop also looked at building-level energy audits, and discussed ways to accelerate project implementation and how to successfully overcome obstacles.
The Directive issued ......read more
Dr. Nasser Saidi, Chairman of Clean Energy Business Council (CEBC) says “Market Anticipates a ‘Major Shift’ over Next 12 Months”
5th MENA Clean Energy Summit to take place in Dubai tomorrow (December 14th)
Dubai – UAE, 13 December 2016: The renewable energy industry is bracing itself for a critical year of positive activity in 2017 as key markets ......read more
Opening Part of Asset Transfer Agreement Signed with ENOC
Abu Dhabi, 08 December, 2016: As part of the Asset Transfer Agreement signed with ENOC, ADNOC Distribution has announced the opening of three new service stations in Sharjah, taking the total number of its service stations in the emirate to 88.
The new additions include Al Manakh service station next to the old Sharjah ......read more
Expansion will help ensure Abu Dhabi’s rising demand for gas is met sustainably and economically
Abu Dhabi, UAE – December 7, 2016: Plans to expand the Al Hosn Shah Gas plant’s capacity by 50 per cent have come one step closer today, with the awarding of the Front End Engineering Design (FEED) Services contract, to Britain’s Amec Foster Wheeler.
One of ......read more
Abu Dhabi, UAE – 03 December 2016: This year, Emirates Nuclear Energy Corporation (ENEC) and Nawah Energy Company (Nawah), the operating company co-owned with Korea Electric Power Corporation (KEPCO), celebrated the 45th UAE National Day in style.
Two events were held at ENEC’s headquarters at Masdar City in Abu Dhabi and at the Barakah Nuclear Energy Plant site for the ......read more
ADNOC CEO calls on regional players to work together to tap growth opportunities
Abu Dhabi, UAE – November 29, 2016: GCC petrochemical producers should explore new partnership models for collaboration to collectively capitalise on market access, if they are to become a global industry powerhouse, according to His Excellency Dr Sultan Ahmed Al Jaber, UAE Minister of State and ......read more
Doha, Qatar, 29 November 2016: As part of maximising participations in the third Emirates Energy Award (EEA) 2017 that is organised under the patronage of HH Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai under the theme ‘Innovative Solutions for Clean Energy’, Dubai Supreme Council of Energy (DSCE) held yesterday (Monday, 28 ......read more
Abu Dhabi, 27 November, 2016: For the third consecutive year, ADNOC Distribution hosted a Joint Inspection Group (JIG) workshop for 12 representatives from global blue-chip entities engaged in the aviation fuelling services sector.
Held at ADNOC Distribution’s training centre at the Abu Dhabi International Airport, the workshop aimed to help participants qualify as ......read more
Masen, a leading force for renewable energy in Morocco, supports the development of an integrated and competitive Moroccan solar ecosystem, activated in particular by the establishment of NOOR solar power plants throughout the Kingdom. Today Masen has selected the developer of the 170 MW NOOR PV I, the first photovoltaic (PV) phase of the NOOR Solar Plan. Masen has also signed contracts that ......read more
DAB is among a few water technology solution providers globally to offering a comprehensive range of water management solutions with more than 2,000 products.
Dubai, UAE, November 24, 2016: DAB Water Technology, an Italian frontrunner in the global water management industry, eyes at least 50 per cent growth in the Middle East market in the next few years. DAB officials said ......read more
Workshops and activities to foster innovative thinking and the pursuit of excellence
Abu Dhabi, UAE, 24 November 2016: The Emirates Nuclear Energy Corporation (ENEC) has this week held a series of interactive workshops and activities for employees and strategic partners to mark Innovation Week. The activities fall in line with the directives of the government and the ......read more
SEWA pavilion showcases unconventional ways to generate power for free and save energy for a bright future
Sharjah, UAE, November 21, 2016: In line with the spirit of UAE Innovation Week 2016, the Sharjah Electricity and Water Authority (SEWA) pavilion at the Expo Centre Sharjah has been hosting a number of activities that range from showcasing innovative ways to save electricity to ......read more
Challenges and solutions concerning entrepreneurial strategies discussed at length by public and private sectors during dialogue hosted by Dubai Chamber of Commerce and Industry and MEED, organisers of Innovation Live!
The need for introducing a platform as a ‘one-stop shop’ for starting business in the UAE identified as key to progress.
Dubai, UAE, ......read more
In Paris in December 2015, countries adopted the historic international climate agreement at the U.N. Framework Convention on Climate Change (UNFCCC) Conference of the Parties (COP21). Ahead of this moment, countries outlined what post-2020 climate actions they intended to take under the new international agreement. ‘Intended Nationally Determined Contributions’ identified the pledges ......read more
HE Bin Shafar: "UAE gives high importance to efforts to develop mechanisms and routes to reduce carbon emissions and boost sustainability."
Dubai, UAE, November 15, 2016: Emirates Central Cooling Systems Corporation (Empower), the world’s largest district cooling services provider, was recognised for developing a new Methodology (AM0117) that aims to reduce carbon emissions ......read more
USD 50 million available for scalable, replicable and transformative renewable energy projects in developing countries
Abu Dhabi, U.A.E., 15 November, 2016: The International Renewable Energy Agency (IRENA) and the Abu Dhabi Fund for Development (ADFD) have officially opened the fifth round of funding for renewable energy projects in developing countries. The funding round of ......read more
IDEA districtCOOLING2016 conference opens in Dubai
Dubai, 14th of November 2016: HE Ahmad Bin Shafar, CEO, Empower Emirates Central Cooling Systems Corporation (EMPOWER) and Mr Rob Thornton, President and CEO, International District Energy Association (IDEA) officially inaugurated The International District Cooling Conference 2016 today with the presence of high profile officials and ......read more
Abu Dhabi, UAE: 10 November, 2016: ADNOC, Abu Dhabi’s integrated oil and gas company, today announced that it will expand its use of Enhanced Oil Recovery (EOR) and Extended Reach Drilling (ERD) technologies as part of its plans to maximise the value of its resources.
ADNOC intends to expedite the development of its hydrocarbon resources, and enhance recovery from several smaller ......read more
Leading global engineering software provider organized one-day conference series in Middle East
Dubai, United Arab Emirates, November 10, 2016: Intergraph® Process, Power & Marine (PP&M), part of Hexagon and the world’s leading global provider of enterprise engineering software to the process, power and marine industries, organized its Middle East Users Conference in ......read more
INSEAD’s first oil and gas industry event calls for reform to account for new realities
Abu Dhabi, UAE, 10th November 2016: As experts work out details for the next OPEC ministerial gathering on Nov. 30, INSEAD, the world’s leading business school, and Siemens, the global powerhouse in electronics and electrical engineering, brought together several industry ......read more
Abu Dhabi, UAE, November 9, 2016: The Abu Dhabi National Oil Company (ADNOC) has entered into an agreement with Schlumberger, a world leader in drilling technology, to license ADNOC’s proprietary offshore drilling technology for use in Schlumberger’s portfolio of drilling services. The Stabilising System for Deep Drilling (SSDD) technology greatly improves offshore drilling ......read more
New IRENA report highlights region’s success, emerging trends and valuable insights for other countries
Abu Dhabi, UAE, 8 November 2016: Buoyed by rapid technology cost reductions and the consolidation of renewable energy policies, Latin America hosts some of the world’s most dynamic renewable energy markets, according to a new report by the International Renewable Energy ......read more
Plant would add 50% additional processing capacity and help ensure Abu Dhabi’s rising demand for gas is met
Abu Dhabi, UAE, November 8, 2016: ADNOC, in partnership with Occidental Petroleum, announced today, its intention to expand its Al Hosn facility, which will increase sour gas processing by 50 per cent of existing capacity.
The plant could become operational within the life ......read more
“In new energy era cost and price are the only variables and the rules are being redefined”
Abu Dhabi, UAE, November 7, 2016: Delivering the keynote address at ADIPEC 2016, the world’s most influential event for the oil and gas industry, H.E, Dr Sultan Ahmed Al Jaber, UAE Minister of State and ADNOC Group CEO, said that in an era of unpredictable oil prices, ......read more
30% reduction in project costs through standardised and modular solutions
SNC-Lavalin will present technical session on modular construction for oil and gas projects at ADIPEC 2016
Abu Dhabi, UAE, November 6, 2016: The oil and gas sector is under increasing pressure to reduce costs and enhance efficiency for energy projects. Against such a backdrop, standardised designs and ......read more
Dubai, United Arab Emirates, November 06, 2016: Jebel Ali Free Zone (Jafza), Dubai and the UAE’s flagship trade and logistics hub for the wider Middle East region and Africa has a growing customer base in the energy and petrochemicals sector with leading global companies expressing their interest in setting up facility in the free zone. Energy giants looking forward to establishing ......read more
IRENA chief applauds rapid progress on climate action framework
Abu Dhabi, U.A.E., 05 November 2016: International Renewable Energy Agency (IRENA) Director-General Adnan Z. Amin issued the following statement upon the entry into force of the Paris Agreement today:
“IRENA welcomes the entry into force of the Paris Agreement and congratulates those Parties whose leadership made ......read more
ADNOC to host Abu Dhabi CEO Roundtable
Abu Dhabi, UAE, November 5, 2016: Twenty of the world’s leading oil industry chief executives will gather, in Abu Dhabi, on November 6, to discuss the new energy landscape and different models for partnerships across the industry.
The senior executives, representing the world’s biggest oil companies from across the globe, have ......read more
HH Sheikh Mohamed bin Zayed Chairs First SPC Meeting of 2016 and inaugurates new ADNOC HQ
ADNOC’s plans underpin growth across its upstream, midstream and downstream businesses that will drive economic prosperity
Abu Dhabi, UAE, 3 November, 2016: The Supreme Petroleum Council (SPC), presided over by His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu ......read more
Agency plans future work to drive sustainable energy revolution
Abu Dhabi, UAE, 1 November 2016: More than 300 high-level government representatives from 100 countries – the largest number ever represented at an IRENA Council meeting – gathered today in Abu Dhabi to attend the 12th Council of the International Renewable Energy Agency (IRENA).
At the ......read more
Barakah One and ADWEC signed the agreement for the purchase of electricity generated at the Barakah Nuclear Energy Plant for 60 years
Agreement is key to powering the growth of the UAE with clean energy, reduce greenhouse gas emissions, and attain climate change COP 21 sustainability targets
Abu Dhabi, UAE, 1 November 2016: The Barakah One PJSC Company (Barakah One), a ......read more
Forum Set to create a knowledge base for seawater-based food and energy systems
Abu Dhabi, UAE, November 1, 2016: The Masdar Institute of Science and Technology’s Sustainable Bioenergy Research Consortium (SBRC) – a non-profit consortium supported by founding members Etihad Airways, and Boeing [NYSE: BA], as well as Takreer, SAFRAN and General Electric [NYSE: GE] – ......read more
Dubai, UAE, November 1, 2016: Abu Dhabi National Oil Company “ADNOC”, would like to thank you for your ongoing support in providing media coverage of our company’s developments and activities. We appreciate your help in conveying information regarding ADNOC, and we recognise the important role you hold for your readership and in the community.
In order to ensure ......read more
Abu Dhabi, UAE, 26 October 2016: Mohamed Al Hammadi, Chief Executive Officer of Emirates Nuclear Energy Corporation (ENEC), has spoken on the past fifty years of nation building and Abu Dhabi’s ceaseless pursuit of a brighter future. Al Hammadi emphasized the pride brought on by the occasion, a reflection of the extraordinary efforts committed to the advancement of the ......read more
Three SGT-400 gas turbine-generator sets destined for largest natural gas field in the Mediterranean sea
Approximately 20 percent more efficient than competing offers
Dubai, UAE, October 24, 2016: The Dresser-Rand business received an order from Egypt-based Belayim Petroleum Company (Petrobel) for three model SGT-400 industrial gas turbines, including associated ......read more
ESCO type and efficient lighting projects are now listed in the UNFCCC site as approved Programme of Activities for the UAE
Dubai, United Arab Emirates: Dubai Carbon has jointly announced with the Dubai Supreme Council of Energy (DSCE) that it has reached a major milestone to incentivise retrofit markets in the entire UAE. The UN backed Programme of Activities (PoA) framework, launched ......read more
ENEC and KEPCO finalize financial agreements for the Barakah Nuclear Energy Plant project as part of new Joint Venture Agreement
Barakah One Company will receive and manage the funds of the Barakah project
Abu Dhabi, UAE, 22 October 2016: The Emirates Nuclear Energy Corporation (ENEC) and the Korea Electric Power Corporation (KEPCO) announced today the formal financial ......read more
3M a science-based company fuelled by innovation, will showcase 3M™Novec™ 1230 Fire Protection Fluid at ADIPEC that will be held from 7 – 10 November 2016. Novec™1230 fluid is a revolutionary clean fire suppression agent that reduces the climate impact of a fire protection system by more than 99%.
As a clean agent Novec™1230 fluid is electrically ......read more
IRENA analysis of more than 3,500 cities charts course to increase renewable energy in urban settings
Dubai, UAE, October 19, 2016: Cities now have an unprecedented opportunity to transform and decarbonise their energy supply and use, according to a new report from the International Renewable Energy Agency (IRENA). Renewable Energy in Cities, released today on the sidelines of the ......read more
UAE, October 16, 2016- The 7th edition of the Arabia CSR Forum kicks off on Wednesday, October 19, 2016 at the Steigenberger Hotel in Dubai’s Business Bay with the broad participation of senior government officials and luminaries in corporate social responsibility (CSR) and sustainability. The region’s leading CSR event will once again act as a strategic platform for regional and ......read more
Dubai, UAE, October 13, 2016: Under the auspices of Sharjah Petroleum Council (SPC), Sharjah National Oil Corporation (SNOC) and Uniper SE today have signed a Memorandum of Understanding (MoU) targeting the importation of Liquefied Natural Gas (LNG) into the Port of Hamriyah in the Emirate of Sharjah in the UAE.
First gas deliveries should arrive into ......read more
ADIPEC 2016 Panel Sessions to Address Research and Technology, Operational Efficiency, and Investment Challenges and Opportunities
Natural Gas Fastest Growing Fossil Fuel Globally, with 50% Increase in Consumption by 2040: World Energy Outlook
Abu Dhabi, UAE – 12 October 2016 – Oil and gas companies must demonstrate agility in their approach to business and adapt to a rapidly ......read more
Partnership puts manufacturing at the heart of global problem-solving and sustainable industrial development, in line with UN’s Development Goals
Global Manufacturing and Industrialisation Summit to bring together business, government and NGOs to create blueprint for sustainable change
Siemens strategic partnership with GMIS demonstrates commitment to being at the forefront of ......read more
Abu Dhabi, UAE, 10 October, 2016: ADNOC Distribution has announced the new retail price of unsubsidised LPG cylinders for the month of September 2016.
As per the announcement that is set on the 10th of every month, the new retail price is as follows: AED49 per 25lb up from the earlier marked retail price of AED46, and AED98 per 50lb from the earlier marked retail price of ......read more
Yaming, the MEA and CIS regional headquarters of Chinese lighting giant Shanghai Yaming Lighting Co, a trusted brand and pioneer in lighting technology development is pleased to announce the appointment of Ayhan Siriner as its new General Manager with immediate effect.
Ayhan will be responsible for managing the sales and marketing team to maximize market share, sales, margin and volumes ......read more
Dubai, UAE- Halul Offshore Services Co., the offshore marine services arm of Milaha (Qatar Navigation), won the ‘Excellence in Health, Safety & Environment Award’ at the recently concluded 2nd Offshore Achievement Awards for the jack-up rig & liftboat industry. The award ceremony was held during the annual Offshore Jack Up Middle East (OJME) Conference at The Address Hotel, ......read more
PV power plant accounts for approximately 1% of Jordan’s total power generation capacity
TEMPE, Ariz./AMMAN, Jordan, October 9, 2016 – First Solar, Inc. (Nasdaq: FSLR) today announced that it has commissioned the 52.5 megawatt (MW)AC Shams Ma’an project in the Hashemite Kingdom of Jordan, on schedule.
The plant is owned by a consortium of investors consisting of ......read more
The company named QESCO (Quantum Eurostar Energy Solutions Company) will help businesses in the GCC to implement eco-sustainable and socially responsible practices by reducing energy consumption.
Dubai, UAE, October 8, 2016: EUROSTAR Group, the leading digital and consumer technology innovator in the Middle East, has signed a partnership agreement with Italian technology major ......read more
To Develop Collaborative Technology Entrepreneurial Projects
Dubai, UAE, October 8, 2016: Dubai Silicon Oasis Authority (DSOA), the regulatory body for Dubai Silicon Oasis (DSO), the integrated free zone technology park, has signed a strategic partnership agreement with the Department of Science, Industrial Policy and Entrepreneurship of Moscow (DSIPE of Moscow), the executive body ......read more
Early adopter of renewable energy, DWTC taps into next-gen technologies and innovative conservation solutions
Dubai, UAE, October 6, 2016: In its continued commitment to champion the UAE’s clean energy agenda, the Dubai World Trade Centre (DWTC) seeks to be a benchmark in fully integrated, new-age renewable energy solutions across its developments.
As an integral ......read more