Oliver Wyman releases new report highlighting the impact of PPPs on national infrastructures across major Gulf economies
Dubai, United Arab Emirates, 07 August 2018: In recent years, since the oil price slump, plans have emerged across the Gulf to curb fiscal deficits and diversify economies, most notably through the development of national infrastructure, highlights a new report by Oliver Wyman.
Titled “How Public-Private Partnerships can support the Gulf’s Economic development,” the report highlights the significance of the private sector’s contribution to the emerging economies. Public-Private-Partnerships (PPPs) stand among the main levers being considered in the Gulf as a means to boost private sector contribution to the economy and to offload some of the financing burden from ......read more
Winner(s) will be announced at the “Unlocking Solar Capital: Africa 2018” conference in November
Dubai, UAE, August 07, 2018: Phanes Group, an international end-to-end solar provider headquartered in Dubai, UAE, has announced the 2nd edition of its Solar Incubator program, aimed at identifying PV projects of potential in sub-Saharan Africa by providing support to funding, and commercial and technical knowledge.
The initiative held under the theme, “Your Project, Our Expertise, For a Sustainable Future”, will be held in collaboration with Hogan Lovells, responsAbility Renewable Energy Holding, RINA and Solarplaza, and invites PV developers to submit proposals for projects based in sub-Saharan Africa that have a clear Corporate Social Responsibility (CSR) component.
Candidates are asked to submit ......read more
Unit 2 Hot Functional Test (HFT) completed successfully as part of testing and commissioning in preparation for operation
Nawah operators benefit from unique plant operating experience
Abu Dhabi, UAE – 6 August 2018: The Emirates Nuclear Energy Corporation (ENEC) has successfully completed Hot Functional Testing (HFT) on Unit 2 of the Barakah Nuclear Energy Plant. This significant pre-operational testing process incorporated all lessons learned from the same test on Unit 1 in order to achieve the highest international standards of quality, safety and efficiency.
ENEC worked closely with the Korea Electric Power Corporation (KEPCO), the Joint Venture partner and Prime Contractor for the Barakah project, and under the observation of the Federal Authority for Nuclear Regulation (FANR), the ......read more
2 August, 2018 – Abu Dhabi, United Arab Emirates: National Central Cooling Company PJSC (DFM: Tabreed), the leading regional district cooling utility company, today released its consolidated financial results for the first half of 2018. The company continues to meet the region’s growing demand for district cooling and deliver solid performance and growth.
Financial highlights – six months ended 30 June 2018:
Net profit attributable to the parent increased by 10 per cent to AED 211.9 million (H1 2017: AED 192.7 million)
Group revenue increased by 2 per cent to AED 650.7 million (H1 2017: AED 639.2 million)
Core chilled water revenue increased by 2 per cent to AED 617.3 million (H1 2017: AED 602.3 million)
EBITDA increased by 6 per cent to AED 326.1 million (H1 2017: AED 308 ......read more
Abu Dhabi, UAE – 25 July 2018: Nawah Energy Company (Nawah), the nuclear operating joint venture company established by the Emirates Nuclear Energy Corporation (ENEC) and Korea Electric Power Corporation (KEPCO), celebrated the graduation of 195 students who are specializing in nuclear energy as part of the ‘Energy Pioneers’ scholarship program.
The graduates successfully completed nuclear science and technology focused courses from various institutions of higher education in the UAE and abroad, including Khalifa University (Abu Dhabi), Abu Dhabi Polytechnic, and Pennsylvania State University, Texas A&M University and North Carolina State University in the United States of America.
Nawah Chief Executive Officer, Mr. Mark Reddemann, congratulated the students in his speech, and emphasized ......read more
The renewable fuel alternative is manufactured from the used cooking oil produced by restaurants at The Sustainable City
Dubai, United Arab Emirates, 18 July 2018: The Sustainable City, the Middle East’s first fully operational sustainable community, has adopted B100 biodiesel to fuel the construction of the new buildings in phase 2 including Fairgreen International School, Hotel Indigo, and the innovation centre. The renewable fuel alternative is manufactured from the used cooking oil consumed by the restaurants at the community plaza, and will allow The Sustainable City to reduce its carbon footprint by up to 150 tons of carbon dioxide per year during the construction period.
Faris Saeed, CEO of Diamond Developers — the company behind The Sustainable City — commented: “As The Sustainable City ......read more
New 175,000-square metre facility in Jebel Ali Free Zone to connect to global markets
Dubai, United Arab Emirates, 16 July 2018:- DP World, UAE Region, the Middle East’s leading regional trade enabler, today signed an important Strategic Long Term Service Agreement with Emirates Global Aluminium (EGA), the largest industrial company in the United Arab Emirates outside oil and gas, aimed at supporting the UAE’s position as a major exporter of the metal.
The agreement extends the strategic partnership between the two companies, facilitating the storage and transportation of aluminium manufactured by EGA. As part of the agreement, EGA is leasing a dedicated storage area that is the largest the company has ever used at Jebel Ali Port and which will further ease the export of EGA’s metal ......read more
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 Energy Plant in the Al Dhafra Region of Abu Dhabi. ENEC has successfully completed the major construction work including major concrete pouring, installation of the Turbine Generator, and the internal components of the Reactor Vessel (RV) of Unit 3, paving the way for the commencement of testing and commissioning.
With the accomplishment of these milestones, construction crews will begin transitioning from Unit 3 to Unit 4, taking ......read more
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 launched under the patronage of His Excellency Ludovic Pouille, Ambassador of France to the United Arab Emirates.
Following the successful sessions in 2015 and 2017, under the framework of UAE France strategic dialog, the third UAE France Oil and Gas Connecting Days aims to highlight the strong innovative capabilities of the French industry in Energy and Oil and Gas sectors and to strengthen business relationships in the fields of Oil ......read more
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 of the hydrocarbons sector.
Celebrating achievements across the oil and gas industry, the ADIPEC Awards identify the leading companies, individuals, initiatives, projects and technologies that are shaping the sector’s future, in a changing energy landscape. Entries will remain open until August, and submissions can be made via the ADIPEC website.
“The ADIPEC Awards recognise outstanding people and industry ......read more
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 achieve Milestone 3 of the IAEA’s ‘Milestones’ approach to nuclear energy infrastructure development.
An international team of ten IAEA and international experts reviewed the UAE’s development since the last INIR mission conducted in 2011. The team focused on the conditions required to achieve Milestone 3, through assessing 19 infrastructure issues as outlined in the IAEA’s ‘Milestones’ approach, a ......read more
Dubai, UAE, June 28, 2018: Introduction and basis for preparation
This report sets out details of the payments made to governments by RAK Petroleum plc and its subsidiary undertakings (‘RAK Petroleum’) for the year ended 31 December 2017 as required under the Disclosure and Transparency Rules of the UK Financial Conduct Authority (the ‘DTRs’) and in accordance with our interpretation of the draft Industry Guidance issued for the UK’s Report on Payments to Governments Regulations 2014, as amended in December 2015 (‘the Regulations’). The DTRs require companies in the UK and operating in the extractives sector to publically disclose payments made to governments in the countries where they undertake exploration, prospection, development and ......read more
Dubai, UAE, June 27, 2018: Siemens has received an order for three SGT5-4000F gas turbines from United Arab Emirates (UAE). The turbines will be used in Unit H Phase 4 of the Al Aweer power plant complex which is located approximately 35 kilometers from downtown Dubai. DEWA has awarded the project EPC contract to Siemens in a consortium led by the Egypt-based company El Sewedy Electric Co SAE (SWDY.CA) through its subsidiary Elsewedy Power. With an electrical generating capacity of about 815 megawatts (MW), the turbines will increase the total output of the power plant complex to more than 2.8 gigawatts (GW). The commercial commissioning of the three gas turbine trains is scheduled for spring 2020.
Siemens' scope of supply encompasses three SGT5-4000F gas turbines, three SGen5-1200A generators and the control system ......read more
Dubai, UAE, June 24, 2018: The Bloomberg Commodity Index has seen its year-to-date gains disappear following four weeks of heavy selling. The broad-based index, which tracks 22 major commodities evenly split between energy, metals and agriculture, has been hurt by a stronger dollar and trade war angst as well as expectations that Opec+ will increase production in order to cap crude oil’s upside.
The current robustness of the US economy compared with the rest of the world has led to the current divergence in monetary policy between the Federal Reserve and other major central banks around the world. As a result, the global economy, especially emerging market economies carrying a heavy debt load, has seen a more challenging environment as the dollar strengthens and liquidity becomes tighter.
Adding to this, the ......read more
Abu Dhabi, 20 June 2018: Mubadala Petroleum announces that it has completed the acquisition from Italy’s Eni of a 10 percent participating interest in the offshore Shorouk Concession in Egypt, which contains the supergiant Zohr gas field. Following the completion, Eni, through its subsidiary IEOC, holds a 50 percent interest in the concession. The other partners in the concession are BP with 10 percent interest and Rosneft with 30 percent interest.
Dr. Bakheet Al Katheeri, Chief Executive Officer, Mubadala Petroleum signed a deed with Eni completing the sale to Mubadala Petroleum in the presence of the Egyptian Minister of Petroleum, HE Tarek El-Molla, in Cairo.
Dr. Al Katheeri said: “The acquisition of a 10 percent interest in the Shorouk concession with the producing Zohr gas field is a ......read more
The poll on nuclear energy conducted by independent global market research company Nielsen shows that 82 percent of UAE residents are in favor of using nuclear energy for generating electricity - the highest level of support globally
Al Dhafra residents show highest acceptance levels in the UAE for the construction of the Barakah plant
Abu Dhabi, UAE – 20 June 2018: An independent national poll on nuclear energy shows the UAE public strongly supports the use of peaceful nuclear energy, with 82 percent of residents in favor of using nuclear energy for generating electricity and 91 percent stating that peaceful nuclear energy is important for the nation. Global figures from similar polls conducted in other countries demonstrate that the UAE Peaceful Nuclear Energy Program enjoys the highest acceptance levels in ......read more
Abu Dhabi, UAE: 17 June 2018: Adnan Z. Amin, Director-General of the International Renewable Energy Agency (IRENA) has welcomed the European Union’s (EU) decision to increase its renewable energy target from 27 per cent to 32 per cent by 2030, highlighting that the move reinforces the EU’s position at the forefront of energy transformation and reflects the new economics of renewable energy. Responding to the announcement made by the European Commission today, Mr. Amin said:
“The EU’s decision to increase its renewable energy target from 27 per cent to 32 per cent by 2030 is a move that consolidates Europe’s position at the forefront of the global energy transformation, and establishes a positive decarbonisation pathway in line with its commitments under the Paris Agreement.
“It is also ......read more
Dubai, UAE; June 13, 2018: Tristar Group’s two warehouses located in the Jebel Ali Industrial Area 1 and 2 were awarded 5-star rating by Dubai Multi Commodities Centre (DMCC) for the second and third consecutive years, respectively.
Shivananda Baikady, General Manager-Road Transport and Warehousing, Tristar, said: “Our specialized warehousing facilities are designed to accommodate and handle dangerous and non-dangerous goods with stringent adherence to health, safety and environmental standards. We are proud to receive consecutive 5-star rating by DMCC for our warehouses in Industrial Area 1 and 2. It is a reflection of excellence in our day- to-day operations. The rating is also a sound testament to our best-in-class warehousing service for major oil companies.”
All types ......read more
Renewable energy continues to attract an increasing share of global investment, with annual investments expected to grow by $130 billion, compared to 2016 figures, reaching around $370 billion in 2020.
Developing countries now account for almost half of all renewables investment, although to date there has been modest investment in the GCC
Investment in GCC renewable energy could reach $16 billion in 2020 with a cumulative total of $40 billion between 2016 and 2020, provided the correct decisions and policies are adopted
The GCC countries have considerable potential for renewable energy deployment
Strategy& outlines six part framework for GCC to catch up
Dubai, UAE, June 5, 2018: The Gulf Cooperation Council (GCC) states show great promise for renewable energy deployment, according to a recent ......read more
By Ole S Hansen, Head of Commodity Strategy at Saxo Bank
Dubai, UAE, June 3, 2018: Commodities traded lower this past week with losses being led by the energy sector while both the metals and agriculture sectors were mixed. Impacting commodities both directly and indirectly were the unfolding political crises in both Spain and Italy, together with Donald Trump’s decision to slap duties on imports of steel and aluminium from US allies while also preparing a range of tariffs on goods from China.
Both events helped increase stock market volatility while sending core bond yields lower and the dollar higher. At the same time, they also raised additional concerns about the trajectory of global growth, which is already showing signs of slowing.
Crude oil once again attracted most of the headlines as the market ......read more
All efforts focused on preparations for safety-led nuclear operations of the UAE’s first nuclear reactor in accordance with the highest standards of a nuclear safety culture and quality assurance
Comprehensive schedule review points to start-up of nuclear operations for Unit 1 between the end of 2019 and early 2020
Abu Dhabi, UAE – 26 May 2018: Nawah Energy Company (Nawah), the operator of the Barakah Nuclear Energy Plant in the Al Dhafra Region of Abu Dhabi, has entered the next phase of preparation for nuclear operations. With construction of Unit 1 recently completed by the Emirates Nuclear Energy Corporation (ENEC) and Joint Venture partner, the Korea Electric Power Corporation (KEPCO), Nawah has completed a comprehensive operational readiness review to generate an updated schedule for ......read more
Dubai, UAE, May 24, 2018: The Russian Direct Investment Fund (RDIF, the sovereign wealth fund of Russia) and Mubadala Petroleum, the UAE-based leading oil and gas exploration and production company, announce the creation of a joint venture with PJSC Gazprom Neft to develop several oil fields in the Tomsk and Omsk regions. RDIF and Mubadala Petroleum will acquire a 49 percent equity stake in LLC Gazpromneft-Vostok, the operator of the fields. Mubadala Petroleum will hold a 44 percent interest and RDIF will hold the remaining 5 percent interest. Completion of the transaction is subject to customary regulatory and internal approvals. The corresponding agreement was announced today at the St. Petersburg International Economic Forum.
Proved and probable reserves of hydrocarbons in the fields are about 40 million tons (approx. 300 ......read more
The recently launched licensing round has proven a draw with companies from all over the world thanks to the unique, overall proposition on offer
Ras Al Khaimah, United Arab Emirates, 23, May 2018: With proven hydrocarbon reserves in place, diverse exploration plays, easily accessible existing infrastructure, attractive production sharing terms and commercialization plans, plus a team of international experts already working on the ground, the tendering process to explore for oil and gas resources in Ras Al Khaimah has received positive interest on a global scale.
Launched on 1 April 2018 to attract regional and international companies aiming to expand their portfolios in the UAE, the 2018 RAK Licensing Round is proving to be popular, with many firms already taking advantage of the data rooms being facilitated by ......read more
70% renewables by 2050 target is achievable if regulations adequately reflect contribution of solar and wind power says IRENA
Dubai, UAE, May 23, 2018: Upgrades to Panama’s regulatory environment and power system management are critical to achieving the renewable energy goals set out in the country’s National Energy Plan, per a Renewables Readiness Assessment Panama report released by the International Renewable Energy Agency (IRENA). The report was launched at high-level event in Panama City today and presented to the country’s Secretary of Energy, Dr. Victor Urrutia.
A central recommendation of the report calls for amendments to the country’s regulation of Power Purchase Agreements (PPAs) for variable renewable energy sources, such as solar and wind. Currently, these renewable energy ......read more
May 16, 2018, United Arab Emirates: Since mid-2014, the harsh cyclical downturn in oil prices has tested, and proved, the resilience of international oil majors' integrated business models. S&P Global Ratings recognizes the majors' downstream refining and petrochemical assets provided them with a cushion as cash flows from the upstream businesses, especially straight exploration and production businesses, plunged.
Those downstream businesses have since taken a backseat as higher oil prices, lower costs, and capital expenditure (capex) help upstream performance recover. Nonetheless, one of the concerns arising from the industry downturn has been whether the largest oil companies have been underinvesting, as a result of the huge capex cuts since 2014.
In our view, ......read more
Dubai, UAE, January 2, 2018: An “EU - Saudi Arabia Energy Efficiency Meeting” taking place in conjunction with HVACR Expo Saudi (14-16 January 2018, Jeddah Centre for Forums & Events) will gather key decision makers and experts from both the European Union and Saudi Arabia.
A high level “EU - Saudi Arabia Energy Efficiency Meeting” is taking place in ......read more
December 25, 2017 - Emirates Central Cooling Systems Corporation (Empower), the world’s largest district cooling services provider, recently highlighted the district cooling guidelines for 2018, at the second consultants’ meet held in Dubai. The event was organised as part of a series of the similar events conducted by the company, aimed at educating on Empower’s practices about ......read more
December 17, 2017– Producing chilled water during off-peak hours and storing them for later use to cool buildings at peak time is one of the key energy efficiency drivers for Emirates Central Cooling Systems Corporation (Empower), the world’s largest district cooling services provider. Through Thermal Energy Storage (TES) technology, the district cooling company eases the power grid ......read more
United Arab Emirates December 17, 2017: French company ARTS Energy, one of the world's leading battery manufacturers, will be presenting its new generation of nickel-metal hydride (Ni-MH) batteries for professional autonomous solar energy solutions and backup applications on January 15-18, 2018 at the WFES & IWS trade fair in Abu Dhabi (French Pavilion).
ARTS ......read more
Company reaffirms position at forefront of global sustainability efforts through joining The Climate Group's EP100, RE100 initiatives
Dubai, UAE: 13 December, 2017 – Schneider Electric, the leader in digital transformation of energy management and automation, has committed to obtaining 100 percent of its electricity from renewable sources and doubling its energy ......read more
Middle East sustains its position as a top global trading partner
The region records highest export growth in 2016 and 2017;
Dubai, UAE, 11 December 2017: The Middle East remains the world’s most important trading partner in the region despite a fall in oil prices, according to a report by World Trade Organisation (WTO). The report stated that the Middle Eastern ......read more
More than 30,000 delegates and attendees from up to 175 countries are expected to visit Abu Dhabi for WFES 2018
Events including Solar Expo, Energy Efficiency Expo and Energy Storage and Batteries Expo will showcase innovative solutions
WFES 2018 will also include the Climate Innovation Exchange (CLIX), which aims to match the world’s top “cleantech” entrepreneurs with ......read more
December 05, 2017 - Emirates Central Cooling Systems Corporation (Empower), the world’s largest district cooling services provider, kicked off its Customer Satisfaction Survey (CSS) 2017-2018, the fourth edition of its efforts to measure the quality of its services and the happiness of its over 85,000 customers across Dubai. The company has been conducting customer surveys since 2008 to ......read more
Regional pioneers bestowed posthumous honors for extraordinary contributions to petrochemicals industry
Dubai, United Arab Emirates, 29 November 2017 – The Gulf Petrochemicals and Chemicals Association (GPCA) honored pioneers of the chemicals and petrochemicals industry in the Arabian Gulf posthumously at the first-ever GPCA Legacy Award “Al-Rowad” (ÇáÑøæÇÏ) ......read more
IRENA’s 14th Council Meeting Begins in Abu Dhabi
Abu Dhabi, U.A.E., 29 November 2017: More than 350 government representatives from 115 countries — including Ministers and high-level officials — gathered today in Abu Dhabi to attend the 14th Council of the International Renewable Energy Agency (IRENA). At the outset of the meeting, the Council re-elected China ......read more
Saudi Arabia’s Minister of Energy, Industry and Mineral Resources delivers inaugural address, urges industry-wide transformation and value creation
Dubai, United Arab Emirates, 28 November 2017 – The inaugural address at the 12th Annual GPCA Forum was delivered by H.E. Khalid A. Al-Falih, Minister of Energy, Industry and Mineral Resources, Saudi Arabia, who called for ......read more
At Big 5 Dubai 2017 DAB launches the world’s best energy-efficient water management solutions for urban development
Dubai, UAE, November 28, 2017: November 28, 2017: DAB Water Technology, an Italian frontrunner in the global water management industry, brings to Dubai a selection of wide line-up, focusing on those products that are of particular interest for the Middle East. ......read more
The UAE chemical industry has the highest contribution among all GCC states, accounting for 52% of manufacturing revenue
Dubai, United Arab Emirates, 28 November 2017 : Data released in a new report by the Gulf Petrochemicals and Chemicals Association (GPCA) has highlighted the role of the chemical industry in diversifying the regional economy and accelerating ......read more
November 26, 2017 - Emirates Central Cooling Systems Corporation (Empower), the world’s largest district cooling services provider, urged the construction sector to be aware of its efforts to integrate sustainable practices to help create a more sustainable built environment as the Big 5, the largest construction event in the Middle East, takes place from November 26 to 29, 2017 at the ......read more
Capacity building effort led by Masdar part of the ADFD-funded US$50 million UAE-Pacific Partnership Fund
Next workshop planned before IRENA General Assembly at Abu Dhabi Sustainability Week 2018
Abu Dhabi, UAE: 26 November 2017: The UAE Ministry of Foreign Affairs and International Cooperation (MoFAIC) has launched a two-year renewable energy training programme for ......read more
Canadian pipeline disruption sends WTI crude to a two-year high
Copper is being supported by a mining strikes in Peru and Chile
Gold gets a boost from a dovish FOMC and a stronger yen
Opec meeting on November 30 to determine the direction of oil
By Ole Hansen
A pipeline disruption is sending WTI crude oil to a two-year high, strike action in South America is supporting copper, a ......read more
402MW Dudgeon Offshore Wind Farm now supplying 410,000 UK homes, displacing 893,000 tonnes of carbon dioxide annually
Flagship project delivered ahead of schedule; significant cost efficiencies achieved
Abu Dhabi Future Energy Company a 35% shareholder in Dudgeon alongside Statoil (35%) and Statkraft (30%)
Dubai, UAE, November 23, 2017: Masdar, Abu Dhabi Future Energy ......read more
Also collects awards for start-up support, R&D investment and facilities upgrades
Abu Dhabi, United Arab Emirates; November 21, 2017: Masdar City has been named “Best Free Zone for Start Up Support” by the Financial Times and has collected three other prestigious global awards.
The Global Free Zone of the Year Awards hosted by the FT’s fDi ......read more
The Hydrogen Council reveals first-of-a-kind study showing hydrogen’s contribution as a key pillar of the energy transition
Dubai, United Arab Emirates, November 21, 2017: As global leaders gathered at COP23 in Bonn, Germany, 18 key leaders in their industry verticals, united in the Hydrogen Council coalition, came together to launch first-ever globally quantified vision of the ......read more
Quantum Eurostar, a leading accredited ESCO in the UAE, has signed an agreement with Etihad ESCO, the energy efficiency and saving arm of the Dubai Electricity and Water Authority.
Dubai- November 21, 2017: Quantum Eurostar Energy Solutions Company (QESCO), a leading accredited ESCO in the UAE, announced ESCO projects in the UAE to undertake innovative energy management solutions ......read more
Dubai, UAE, November 18, 2017: The quest for energy efficiency and ecologically friendly lighting solutions is set to drive demand for green lighting products in the Middle East. These trends are increasingly evident in the build up to Light Middle East 2017, where global lighting majors target the lucrative green lighting market.
The leading trade, networking and business ......read more
ADFD concessional loans will fund transformative renewable energy projects in developing countries
Abu Dhabi, UAE, 16 November 2017: The International Renewable Energy Agency (IRENA), in partnership with the Abu Dhabi Fund for Development (ADFD), is inviting applications for renewable energy projects in developing countries. Within the framework of the ADFD-funded US$350 million ......read more
Company Showcases Latest EcoStruxure™ for Oil and Gas Solutions at Booth No. 4250, Hall 4 at Abu Dhabi National Exhibition Centre
Dubai, UAE, November 16, 2017: Real-time data captured from the field and conveyed to the cloud via sensors and analytical engines can impact the profitability of entire oil and gas (O&G) businesses. Building around this concept, Schneider ......read more
Abu Dhabi, UAE – 16 November 2017: His Highness Sheikh Hamdan bin Zayed Al Nahyan, Ruler's Representative in the Al Dhafra Region, visited the Barakah Nuclear Energy Plant to witness the latest construction milestones and receive a briefing on progress of the UAE Peaceful Nuclear Energy Program. His Highness Sheikh Hamdan was hosted by His Excellency Khaldoon Al Mubarak, Chairman ......read more
November 15, 2017 – BP Oman has won the prestigious BIM Advancements in Asset Performance of Utilities and Industrial Facilities category in Bentley’s Be Inspired Awards program. The announcement was made during Bentley’s annual Year in Infrastructure Conference, held in Singapore last month.
The Khazzan Project in Oman is one of BP’s seven major projects in 2017, and ......read more
Oil price decline has led to new market opportunity, says CEO
Company’s revised strategy turned AED 90.6m (US$24.7m) loss in 2014 to a net profit of AED 71m (US$19.2m) in 2016
New brand identity unveiled at ADIPEC today
14 November 2017 – Abu Dhabi, UAE: Abu Dhabi Ship Building PJSC (ADSB), a leading provider of construction, repair and refit services for naval, ......read more
Faculty and Students from Petroleum Institute Participate in Sharing of Knowledge and Experience
Abu Dhabi, 14 November 2017: The Khalifa University of Science and Technology, a research university dedicated to the advancement of learning through teaching and research and to discovery and application of knowledge, has announced it is participating through Petroleum Institute as an ......read more
Company Showcases Latest EcoStruxure™ for Oil and Gas Solutions at Booth No. 4250, Hall 4 at Abu Dhabi National Exhibition Centre
Dubai-UAE: 13 November, 2017: Real-time data captured from the field and conveyed to the cloud via sensors and analytical engines can impact the profitability of entire oil and gas (O&G) businesses. Building around this concept, Schneider Electric, ......read more
November 13, 2017 - Renowned private and public organizations from across the UAE are extending their full support to the 7th Abu Dhabi Science Festival (ADSF) running until the 18th of November 2017 simultaneously at both Khalifa Park and the Al Ain Zoo under the patronage of H.H. Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed ......read more
Hundreds of UAE residents attended ENEC’s latest public forums
Abu Dhabi, UAE – 13 November 2017: Hundreds of residents, members of the public and students, attended two successful public forums organized by the Emirates Nuclear Energy Corporation (ENEC) in the Emirate of Abu Dhabi. The forums were held at Baynounah Educational Complex in the Al Dhafra Region on the 6th ......read more
Dubai, UAE, November 12 2017: Emirates Central Cooling Systems Corporation (Empower), the world’s largest district cooling services provider held ‘Consultants’ Meet’ in Dubai to discuss the new district cooling guidelines for 2018. The event was attended by over 100 guests, including district cooling technical experts, contractors and consultants. The meeting is part of a ......read more
Sultan Bin Sulayem: Location is the primary driver for companies setting up in Jebel Ali Free Zone
Dubai, November 11, 2017: Jafza, one of the world’s largest free zones, and a subsidiary of global trade enabler DP World has seen 7 per cent growth in the number of oil and gas companies during 2016.
DP World Group Chairman and CEO, Sultan Ahmed Bin Sulayem, : “Jafza’s ......read more
Nationally Determined Contributions under Paris Agreement must reflect growing business case and global momentum for renewables
Dubai, UAE, November 11, 2017: Countries have an opportunity to significantly increase renewable energy ambition within Nationally Determined Contributions (NDCs), and to accelerate its deployment in line with climate objectives under the Paris ......read more
The GPCA Legacy Initiative and GPCA Legacy Award “Al Rowad” ÇáÑæÇÏ)) will debut during the 12th Annual GPCA Forum in Dubai to recognize the pioneers of the Arabian Gulf chemical industry
Dubai, United Arab Emirates, 9 November 2017: The Gulf Petrochemicals and Chemicals Association (GPCA) is proud to announce the launch of the GPCA Legacy Initiative and GPCA Legacy Award ......read more
Public forums key part of ongoing UAE Peaceful Nuclear Energy Program educational and awareness campaigns led by ENEC
Abu Dhabi, United Arab Emirates – 05 November 2017: Emirates Nuclear Energy Corporation (ENEC) will host public forums at Baynounah Educational Complex in Al Dhafra region on Monday, 6 November, and at Zayed University Convention Centre, Abu Dhabi on Wednesday, ......read more
Researchers from the University’s Masdar Institute Developed a Novel Quantum Mechanical Simulation Approach to Predict Carbonate Surface Wettability, which Enhances Understanding of Oil Reservoirs in the Region
Abu Dhabi-UAE: 04 November, 2017: A team of researchers from the Masdar Institute of Science and Technology have proposed a quantum mechanical simulation technique to ......read more
Abu Dhabi, UAE – 2 November 2017: The Emirates Nuclear Energy Corporation (ENEC) celebrated Flag Day at its headquarters in Masdar City, and at the site of the Barakah Peaceful Nuclear Energy Plant in the Al Dhafra region of Abu Dhabi. The activity comes in support of Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum’s call ......read more
Her Excellency, Sheikha Lubna bint Khalid Al Qasimi delivers special presentation on the role of women in the nuclear industry during the final day of the International Ministerial Conference on Nuclear Power in the 21st Century in Abu Dhabi, UAE
Abu Dhabi, United Arab Emirates – 1 November 2017: The United Arab Emirates (UAE) Peaceful Nuclear Energy Program was praised for ......read more
UAE nuclear energy leaders showcased to global industry audience the “The UAE’s Journey Towards Peaceful Nuclear Energy” at the International Ministerial Conference on Nuclear Power in the 21st Century in Abu Dhabi
Abu Dhabi, United Arab Emirates – 1 November 2017: The United Arab Emirates (UAE) Peaceful Nuclear Energy Program was showcased as a role model ......read more
Abu Dhabi, UAE, 31 Oct 2017: The Jury of the Zayed Future Energy Prize convened to deliberate and select nine winners across its five categories today. The winners will be announced at the Prize awards ceremony on 15 January 2018 as part of Abu Dhabi Sustainability Week (ADSW).
The Prize recognises notable work carried out by businesses and individuals through the large ......read more
More than 700 delegates and nuclear energy experts attended the second day of the IAEA organized conference in Abu Dhabi
Abu Dhabi, United Arab Emirates – 31 October 2017: Challenges in developing nuclear energy infrastructure, facilitating international cooperation, and the safety and reliability of nuclear energy were the key topics discussed during the second day of the ......read more
Crucial role of nuclear energy sector in meeting global energy demands and sustainable development goals highlighted at day one of International Ministerial Conference on Nuclear Power in the 21st Century in Abu Dhabi
Abu Dhabi, United Arab Emirates – 30 October 2017: Nuclear energy drives global economic growth, supports sustainable development and is helping to meet ......read more
Statement by the United Arab Emirates
Delivered by H.E. Suhail Al Mazroui, Minister of Energy and Industry
Mr. President, Excellencies, distinguished guests, ladies and gentlemen.
At the outset, I would like to welcome you to the United Arab Emirates and to this special gathering here in Abu Dhabi to deliberate the future of nuclear energy and its contribution to sustainable ......read more
Abu Dhabi, UAE – 30 October 2017: Leading nuclear energy experts from the International Atomic Energy Agency (IAEA) and senior UAE officials visited the Barakah Nuclear Energy Plant in Abu Dhabi today, witnessing the significant progress being made across all four units. The delegation observed all of the key updates to the construction of the units which are being developed to ......read more
Almost two-thirds of upstream firms see the value digital technologies deliver as low oil prices linger, and the top risk of a lack of digital investment is becoming uncompetitive
Dubai, UAE, October 29, 2017: Faster and better decision-making and shorter time to first oil and gas top the list of expected benefits that digital technologies can drive for upstream oil and gas ......read more
Conference to raise awareness of the nuclear energy as an important and credible energy source for future generations
Abu Dhabi, United Arab Emirates – 28 October 2017: Global nuclear energy experts and leaders are gathering in Abu Dhabi, on Monday, for the International Ministerial Conference on Nuclear Power in the 21st Century. Organized by the International Atomic Energy ......read more
Clean energy projects and experts shine at 19th annual WETEX exhibition as Executives take part in important sessions to discuss key renewable energy topics
Dubai, United Arab Emirates, 25 October 2017: Abu Dhabi’s renewable energy company, Masdar, was honoured this week with two Emirates Energy Awards during the 4th annual World Green Economy Summit (WGES), held in ......read more
The Middle East’s first fully operational sustainable community is living up to its creators’ ambitions
Dubai, United Arab Emirates, 25 October 2017: The Sustainable City, the Middle East’s first fully operational sustainable community, revealed the results of one year of monitoring at the city during WETEX 2017, which ran from 23rd to 25th October at the Dubai ......read more
TAQATI - Dubai Energy Efficiency Program announces the successful completion of the pilot ‘Home Energy Advice Program’
Dubai, United Arab Emirates, October 22 2017: Building on the momentum to improve energy efficiency in Dubai, TAQATI - Dubai Energy Efficiency Program announced the successful completion of the pilot ‘Home Energy Advice Program’. The program was ......read more
Masdar’s funding towards Graphene Engineering Innovation Centre supports commitment of Abu Dhabi to promote knowledge economy
Dubai, UAE, October 21, 2017: A new research centre at the University of Manchester in England aimed at marketing products and technologies made from a “wonder material” known as graphene will be called The Masdar ......read more