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
1. Luxembourg’s Prince Guillaume and Princess Stéphanie, tour Masdar City one of the world’s most sustainable communities
2. Luxembourg’s Prince Guillaume and Princess Stéphanie visit Yahsat Space Lab, located at Masdar Institute, part of Khalifa University of Science and Technology
Abu Dhabi, United Arab Emirates; October 11, 2017: Abu Dhabi Future Energy ......read more
US$50 million UAE-Caribbean Renewable Energy Fund seeks to bring energy security to Caribbean region
The UAE-Caribbean Renewable Energy Fund is one of the largest renewable energy initiatives in the Caribbean region
Abu Dhabi, UAE: 5 October, 2017: Abu Dhabi Fund for Development (ADFD), the leading national entity for development aid, has signed an agreement ......read more
Four SMART Tag installation centres already operating across the UAE
Mobile units are also now carrying out installations for vehicle fleets
All ADNOC Distribution service stations to convert to SMART technology in Q2’2018
Abu Dhabi, 03 October, 2017: As part of its ‘SMART Service Stations’ initiative and introduction of cashless ADNOC Wallet-linked ......read more
Abu Dhabi, 02 October 2017: ADNOC Distribution, the sole operator of light vehicle inspection centers in the Emirate of Abu Dhabi, is upgrading the information technology systems at its 21 centers across the emirate.
The one-day upgrading operation will take place on Friday 6 October 2017. Consequently, service will be suspended that day at the four centers that usually operate on ......read more
US$600 million deep-water terminal for 320,000dwt supertankers
45-hectare terminal will be on reclaimed land in SOHAR Port South
Two additional bunker licenses for SOHAR are in the pipeline
Dubai, UAE, September 25, 2017: In anticipation of the significant growth in petroleum trading in the GCC region, as well as growing demand for bunker services, Singapore-based Trescorp ......read more
Accolade recognizes company’s market-leading position as fuel and services provider
Abu Dhabi, 25 September, 2017: ADNOC Distribution, the UAE’s leading operator of service stations and convenience stores, has received a ‘UAE Superbrand’ award for 2017. This marks the fourth consecutive year the company has achieved Superbrand status.
Mohammed Al Zaabi, Acting ......read more
Role of technology in education and sustainability in MENA region opens
Day 2’s discussions at the Third Sharjah FDI Forum
Sharjah, 20 September 2017: The UAE Undersecretary for Foreign Trade and Industry Affairs, Ministry of Economy, HE Abdullah bin Ahmed Al Saleh opened Day 2 of the Third Sharjah FDI Forum with promising remarks on the role foreign direct investments ......read more
Around 100 Oasis convenience stores to feature popular school products
Abu Dhabi, 18 September, 2017: ADNOC Distribution, the UAE’s leading operator of service stations and convenience stores, has launched a ‘back-to-school’ promotion as part of a range of initiatives to help customers celebrate special events and holidays throughout the year.
Around 100 Oasis ......read more
ENEC Executives amongst 600 nuclear energy professionals participating in World Nuclear Association (WNA) Symposium, London, UK.
ENEC CEO, Eng. Mohamed Al Hammadi, updates industry leaders on evolution of ENEC and the UAE Peaceful Nuclear Energy Program
Abu Dhabi, UAE – 16 September 2017: A senior delegation from the Emirates Nuclear Energy Corporation (ENEC), led by ......read more
The 2nd phase upgrades the existing station infrastructure and installs new fuel pump technologies
The final phase will involve adjunct facility providing 8 fuel pumps and 6 rental spaces for cafes and fast-food restaurants
Abu Dhabi, 16 September, 2017: ADNOC Distribution, the leading operator of retail fueling services outlets in the UAE, today announced the completion ......read more
Chairman’s Interim Report
On behalf of the Board of Directors of RAK Petroleum plc (the “Company”), I am pleased to present the Half-Year Financial Report for the period ending 30 June 2017.
The Company’s fundamental objective is to generate significant total shareholder returns from investments in the oil and gas industry, with a focus on the ......read more
ADNOC’s Voyager branded engine oil and lubricant to be sold in Ethiopia and Yemen
Abu Dhabi, 13 September, 2017: ADNOC Distribution, the UAE’s leading operator of retail fuel service stations and commercial fuelling services, has signed two agreements to sell its popular Voyager branded engine oil and lubricant in Ethiopia and Yemen.
The new supply agreements with ......read more
Joint venture will operate as a UL and GCC Lab Company based in Dammam, Saudi Arabia.
Partnership will combine resources, knowledge and expertise to expand services to the region’s renewable energy market.
Dubai, September 11, 2017: Global safety science organization, UL, has announced a joint venture with Saudi-based GCC Lab aimed at strengthening the Middle East’s ......read more
Abu Dhabi, 10 September, 2017: ADNOC Distribution has announced today the new retail price of unsubsidized LPG cylinders for the month of September 2017. As per the announcement that is made on the 10th of every month, the new retail price is as follows: AED55 per 25lb, and AED110 per 50lb.
Saeed Mubarak Al Rashdi, Acting Chief Executive Officer of ADNOC Distribution, said: ......read more
Umm Ghafa station opening meets growing fuel and convenience store demand in Al Ain City
ADNOC Distribution now has 362 retail service stations in the UAE
Abu Dhabi, 5 September, 2017: ADNOC Distribution, the UAE’s leading operator of fuel service stations and convenience stores, has celebrated the opening of its 362nd station in the UAE.
The new ......read more
Government and private sector leaders assemble to unlock geothermal’s 200GW of potential
Abu Dhabi, U.A.E., 5 September 2017: Leaders and ministers from more than 25 governments will meet in Florence, Italy on 11 September, to accelerate the global adoption of geothermal energy. The Global Geothermal Alliance (GGA) meeting represents the largest such ministerial ......read more
September 4, 2017 – DowDuPont™ (NYSE:DWDP) today announced the successful completion of the merger of equals between The Dow Chemical Company (“Dow”) and E.I. du Pont de Nemours & Company (“DuPont”), effective Aug. 31, 2017. The combined entity is operating as a holding company under the name “DowDuPont™” with three divisions – ......read more
Dr Mohammed Shaker shared his vision for the sector
UL presented its insight on the latest technologies and developments
Collaboration on future projects will be aimed at helping improve the sector and the lives of the Egyptian people
Abu Dhabi, 04 September 2017: The Minister of Electricity and Renewable Energy met with a global safety science firm to gain some valuable ......read more
ADIPEC Programme Will Include Downstream Industry for the First Time
900 Speakers Scheduled for More Than 200 Technical and Strategic Conference Sessions
Abu Dhabi, UAE – 28 August 2017: Organisers of the annual Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC), hosted by ADNOC, have confirmed the event’s technical conference, already the world’s ......read more
On the occasion of Emirati Women’s Day, Empower recognise the contribution of the nation's women in the development of UAE
Dubai, UAE, 27 August 2017: To commemorate the outstanding contributions of the country’s women, Emirates Central Cooling Systems Corporation (Empower), paid tribute to the Emirati women for their leading role and effective participation in national ......read more
Dubai, UAE, 23 August 2017: Emirates Central Cooling Systems Corporation (Empower), the world’s largest district cooling services provider announced energy savings of 5.2 per cent in the second month of its summer campaign – ‘Smile at 24 degrees’, compared to the same period last year.
“As the leading district cooling services provider, ......read more
Increasing India’s renewables would save 12 times more than it costs
Abu Dhabi, U.A.E., 22 August 2017: India can raise its renewable energy use to meet a quarter of the country's total final energy demand by 2030, according to the findings of a report presented today by the International Renewable Energy Agency (IRENA). Renewable energy prospects for India, a study from ......read more
Dubai, UAE, 20 August 2017: Emirates Central Cooling Systems Corporation (Empower), the world’s largest district cooling services provider, announced that 75 new buildings have so far been connected to its services in 2017. The company also announced good progress towards deploying its services to many other buildings in months to follow.
“This is an important milestone for ......read more
Masdar of Abu Dhabi awards EPC contract to develop 50 MW Dhofar Wind Power Project
Muscat, Oman - August 19, 2017: Abu Dhabi’s renewable energy company, Masdar, signed an Engineering, Procurement & Construction (EPC) contract with a global consortium comprising GE and Spain’s TSK to build the Dhofar Wind Power Project, the first large-scale wind farm in Oman and the ......read more
Ceremony held to celebrate milestone event, witness the major achievements and the remaining construction and operational readiness work
Fourth reactor vessel and steam generators are the final to be installed, as per 2009 Prime Contract, positioning Barakah as a quality-driven site and one of the most efficient nuclear energy construction projects globally
Abu Dhabi, UAE – 14 ......read more
Abu Dhabi, 10 August, 2017: ADNOC Distribution has announced today the new retail price of unsubsidised LPG cylinders for the month of August 2017. As per the announcement that is made on the 10th of every month, the new retail price is as follows: AED52 per 25lb, and AED104 per 50lb.
Saeed Mubarak Al Rashdi, Acting Chief Executive Officer of ADNOC Distribution, said: “The ......read more
UAE, August 10, 2017- Networked Energy Services Corporation (NES), a global smart grid market leader with the industry’s leading Patagonia Energy Applications Platform (EAP ™), announced today its next generation polyphase smart meter is now available for customers. The new Polyphase Smart Meter, MTR3000, is the second model available from the Generation 4 product family, which ......read more
Empower will offer district cooling solutions to the commercial complex for a total capacity of 3,520 RT
Dubai, UAE, 9 August 2017: Emirates Central Cooling Systems Corporation (Empower), the world’s largest district cooling services provider, announced that it has recently connected its services to The Opus, a prestigious development located in Business Bay. Empower will offer ......read more
Uniting industry players to develop electric vehicle market
Dubai – UAE, 08 August 2017: To support the transition of the automotive industry towards green mobility and the recent initiatives taking places in the UAE, the New Energy Vehicles Club has been created under the umbrella of the Clean Energy Business Council (CEBC) at the initiative of ENGIE, an energy company, charging ......read more
Financing provided by GCC based banks with syndication led by Emirates NBD
The raise will support the group’s global operations to realise growth plans
The Group plans to tap the Islamic Finance and Sukuk markets in Asia with focus on Indonesia and Malaysia for future potential funding
Dubai, UAE, August 1, 2017: Gulf Petrochem Group (GP), has successfully raised US$ 150 ......read more
UAE, July 29, 2017 – Over the last two months, the world has been subject to two major ransomware attacks. The most recent being an attack known as 'Petya,' a malicious software that spread through large firms that led to PC's and essential data being locked up and held for ransom. Prior to this incident, the 'Wannacry' ransomware locked data from nearly 230,000 ......read more
Dubai, UAE. July 26, 2017: Petrofac has secured a contract extension and a new award with a combined value of more than US$100 million for construction management, engineering, commissioning and start-up services for two International Oil Companies (IOCs) in Iraq.
The awards reflect the extensive track record Petrofac has been amassing in the country since 2010. Today’s ......read more
Milestone testing achievement represents a significant step towards the completion of Unit 2
Tests performed demonstrate commitment to achieving the highest standards of quality.
Abu Dhabi, UAE – 25 July 2017: The Emirates Nuclear Energy Corporation has successfully completed the Cold Hydrostatic Testing (CHT) at Unit 2 at the Barakah Nuclear Energy Plant located in Al ......read more
Mega-project at Phu Quoc Island, Vietnam to generate growth in the local area, significantly contributing to the modernization of the economy and supply channel in southern Vietnam
Strategically located, the Bonded Terminal System is set to make Vietnam a force in Southeast Asian for crude oil and refined petroleum products
H.H. Sheikh Khalifa Bin Khalid Bin Ahmed Al Hamed’s ......read more
GCC LED lighting market estimated to comprise about 38% of the total lighting market in 2015
Dubai, U.A.E: The increase in global demand for lighting solutions, with an emphasis on energy efficient sources, is reshaping the lighting industry, while the continued market expansion in the region puts the Middle East in the spotlight as global majors target Light Middle East 2017.
The leading ......read more
*Article written by Christopher EL Khouri, Mechanical Engineer at DC PRO Engineering, a recognized world leader in the fields of District Energy, and regional pioneer in sustainable Green Building MEP Design
19 July 2017
With the increase of the temperatures in the GCC during the summer season, higher electric demand load will put pressure ......read more
Abu Dhabi, 15 July, 2017: ADNOC Distribution has announced the opening of Seah Al Saram Service Station in Fujairah, taking the total number of service stations in its network to 460 across the country.
The latest addition to the network demonstrates the company’s sustained efforts to meet the growing demand for its high-quality products and services in the ......read more
ADWEA leadership delegation visits Barakah and receives update on commissioning activities of Unit 1 of Barakah Nuclear Energy Plant
Peaceful nuclear energy will become a major provider of sustainable energy for the Nation
Tour of Units 2, 3 and 4 demonstrate major construction progress and preparations for quality nuclear operations
Tour demonstrated alignment with highest nuclear ......read more
ADNOC Distribution is the sole distributor of petroleum products in the Emirate
ADNOC Distribution’s service station network in Sharjah receives over 250,000 vehicles every day
ADNOC Distribution operates 89 service stations in Sharjah
Abu Dhabi, 08 July, 2017: ADNOC Distribution, the sole distributor of petroleum products in the Emirate of Sharjah through its ......read more
The Global Cooperation Agreement brings together countries such as Canada, China, Colombia, Denmark, Germany (European Union), Japan, Singapore, United Arab Emirates, United Kingdom and United States of America
Dubai, UAE, 1 July 2017: In an effort to enhance the conservational impact and development of district cooling in the UAE, Emirates Central Cooling Systems Corporation ......read more
Covers KOTC vessels in Fujairah, Khor Fakkan and Singapore
Fujairah, UAE July 1, 2017: GAC Fujairah has been awarded a husbandry contract by the Kuwait Oil Tanker Company (KOTC) to provide ship supply services, spare parts handling and a range of other logistical services to its vessels arriving in Fujairah, Khor Fakkan and Singapore anchorage.
As part of global shipping, ......read more
Ahmad Bin Shafar presented his views and opinions on the pace of change in the district cooling industry during the ‘Global Leaders Plenary Panel Discussion’
Dubai, UAE, 28 June 2017: Ahmad Bin Shafar, CEO of Emirates Central Cooling Systems Corporation (EMPOWER), the world’s largest district cooling services provider, shared some of its latest best practices and ......read more
Abu Dhabi, 28 June, 2017: ADNOC Distribution recently opened the Mahawi North service station, located in the Mahawi area on the Abu Dhabi – Al Ain highway. This new addition takes the total number of stations in Abu Dhabi city and its suburbs to 98 service station and 10 ADNOC Xpress.
Throughout 6 islands and 12 dispensers; Mahawi service station will offer its customers with an ......read more
Dubai 20 June 2017: InSinkErator, a business unit of Emerson (NYSE: EMR), the inventor and the world's largest manufacturer of food waste disposers for home and commercial use, has been included by the Ministry of Energy for the third consecutive year, in the 2017 UAE State of Energy Report. InSinkErator was recognized for this contribution during the Ministry of Energy’s ......read more
Abu Dhabi, 18 June, 2017: ADNOC Distribution’s has announced that an updated version of its free-to-download mobile app is now available for customers, suppliers and the public.
The upgraded app serves as a one-stop-shop for all ADNOC Distribution’s consumer-focused services. Comprehensive and friendly to use, the free mobile app enables customers to engage, interact, explore and ......read more
The study, conducted by Dubai Carbon, aims to map the behavioural patterns in food waste and other precious resources in support of the Emirate’s transition to a sustainable society
Dubai, United Arab Emirates: Continuing its efforts to boost sustainable living, Dubai Carbon has launched the emirate’s first social experiment focused on understanding lifestyle habits of the general ......read more
Dubai, 15 June, 2017: As the region’s countries continue to inch closer to establishing knowledge-based economies and ICT becomes an integral part of everyday life, Dubai hosted the ICT Energy Efficiency Summit 2017, a two-day event that highlighted the latest innovations that drastically reduce energy consumption.
Organized by Huawei, the Summit saw over 100 high-profile delegates ......read more
15 June 2017 - Dubai, UAE:
Gulf Energy Maritime (GEM), the Middle East's leading independent commercial product tanker operator has signed an AED275 million Shari'ah-compliant facility with Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE.
The agreement marks the first time GEM has raised funding of this kind through Islamic finance.
Commenting on the new ......read more
13 June 2017
Petrofac has agreed a five-year relationship with Kuwait Oil Company (KOC) for the provision of specialist technical training and competency development services.
The contract, which is valued at more than US$35 million, was secured following a competitive tendering process and is effective immediately. The work will be undertaken within Kuwait by the Training Services ......read more
On June 1-3, IAEA Director General Yukiya Amano inspected several Russian nuclear facilities as part of his visit to the St Petersburg International Economic Forum.
On June 3, Mr. Amano visited the Leningrad Nuclear Power Plant, where he was introduced to the operation of the revamped power units and inspected the new launch-ready Generation 3+ VVER-1200 unit of the NPP.
During his ......read more