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Featured in Energy, Oil & Gas
Unit 3 Transformers Energized at Barakah Nuclear Energy Plant…

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

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

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

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

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

Empower awards network extension contract worth AED 25 million…

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

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

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

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

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

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

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

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

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

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

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

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

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

ENOC Group launches ‘ENOCBlue' diesel exhaust fluid…

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

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

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

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

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

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

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

Mubadala Petroleum to farmout a 20% participating interest in both the Andaman I and South Andaman PSCs in Indonesia…

Abu Dhabi, 17 July, 2019:   Mubadala Petroleum announces that it has signed an agreement with Premier Oil to farmout a 20 percent participating interest in each of the Andaman I and South Andaman Gross Split Production Sharing Contracts (PSCs). Mubadala Petroleum is the operator of both the Andaman I and adjacent South Andaman PSCs.  Completion of the transaction is subject to customary conditions including government approvals.   The Andaman I and South Andaman PSCs are located in the underexplored but proven North Sumatra basin offshore Aceh. Mubadala Petroleum is also a partner with a 30 percent participating interest in the Andaman II PSC which is operated by Premier Oil. With participating interests in these three adjacent blocks, Mubadala Petroleum is the largest net acreage holder in the area, securing the ......read more

New National Poll Reveals Continuously High Levels of Trust and Support for UAE Peaceful Nuclear Energy Program…

National poll on nuclear energy in the UAE highlights some of the highest favorability rates for nuclear energy in the world The national poll conducted by the independent global market research company Nielsen shows the increase of awareness of the UAE Peaceful Nuclear Energy Program by seven percent    Abu Dhabi, UAE – 15 July 2019: A new national poll on nuclear energy has shown that UAE residents are in favour of, and have a strong understanding of the UAE Peaceful Nuclear Energy Program. The poll revealed some of the highest favorability rates for nuclear energy in the world – higher than any other nuclear energy producing nations.    The poll was commissioned by the Emirates Nuclear Energy Corporation (ENEC) and conducted in 2018 by the independent global market research company ......read more

Schneider Electric's Biggest Engineer-to-Order Factory in Asia Utilizes IIoT Technology and Renewable Energy to Enhance Its Operations…

• Schneider Electric’s factory in Cikarang, Indonesia, is the showcase for the integration of industrial automation systems and renewable energy utilization  • The Engineer-to-Order factory demonstrates quantifiable and real-time benefits while protecting the environment -- improvements in energy efficiency and productivity by up to 15%; reduction in time and costs, and operator errors; while at the same time provide better support to the end user in the day-to-day operations and maintenance through better visibility. • Schneider Electric has a strong commitment in accelerating the implementation of industry 4.0 in Indonesia through its comprehensive EcoStruxure™ solutions and the sharing of best practices of its smart factories’ transformation to Indonesia’s industry ......read more

FANR Certifies ENEC's First group of UAE National Nuclear Reactor Operators…

A Major Milestone in the UAE Peaceful Nuclear Energy Programme Certification is part of Operational Readiness which is a key requirement of the Operating License Application FANR is currently in the final stage of reviewing the Operating License Application for Units 1  of the Barakah Nuclear Energy Plant   08 July 2019, Abu Dhabi, United Arab Emirates: The Federal Authority for Nuclear Regulation (FANR), the UAE’s Nuclear Regulator, has officially certified today the first group of 15 UAE National Senior Reactor Operators (SROs) and Reactor Operators (ROs) at Nawah Energy Company, the operations and maintenance subsidiary of the Emirates Nuclear Energy Corporation (ENEC).    The certification is part of complying with FANR’s Regulation 17 ‘Regulation for the Certification of ......read more

Empower successfully renewed ISO27001:2013 certificate…

Dubai, UAE, 7th July 2019: Emirates Central Cooling Systems Corporation (Empower), the world's largest district cooling services provider, achieved the highest internationally recognised safety standard in the protection of customer information since 2014. Safety and information security have become the foundation of successful and safe business services due to scientific progress and high reliance on technology, which are now a key component of business activities within many organisations. Empower successfully completed the Information Security Management System Surveillance audit (ISO27001:2013), covering the highest international standards for information security for the next 3 years. ISO27001:2013 certification is the international standard that specifies how to develop a properly managed information security management ......read more

Schneider Electric's Batam Smart Factory recognized by the World Economic Forum as a Fourth Industrial Revolution Lighthouse…

• The factory in Batam, Indonesia, is the third Schneider Electric Smart Factory recognized by the World Economic Forum as advanced manufacturing sites • Schneider Electric's Smart Factory Program has launched nine showcase factories around the world, demystifying digital transformation for industry • EcoStruxureTM solutions, the foundation of Schneider Electric's Smart Factories, drive efficiencies in an increasingly competitive environment    Dubai, United Arab Emirates -  04 July  2019:   Schneider Electric, the leader in digital transformation of energy management and automation, has today had its Smart Factory in Batam, Indonesia, designated as an Advanced 4th Industrial Revolution (4IR) Lighthouse by the World Economic Forum at its 13th Annual Meeting of the New ......read more

ADNOC's Al Dhafra Petroleum Joint Venture Celebrates First Oil Production from Haliba Field…

Leading government delegation from South Korea arrive in the UAE to mark the success of Haliba Al Dhafra Petroleum is a joint venture between ADNOC and South Korea’s KNOC and GS Energy Haliba is a building block of ADNOC’s oil production capacity growth to 4 million bpd by the end of 2020 and demonstrates ADNOC’s ambition to unlock and maximize value from all of Abu Dhabi’s oil and gas resources First oil comes as Al Dhafra Petroleum discovers three new fields near Haliba following intensive exploration  Abu Dhabi, UAE – July 4, 2019:  Al Dhafra Petroleum, a joint venture between the Abu Dhabi National Oil Company (ADNOC), the Korea National Oil Company (KNOC) and GS Energy, and one of ADNOC’s youngest operating companies, announced, today, it has begun producing crude oil from ......read more

EWEC invites bids for one of the world's largest solar plants to be located in Abu Dhabi…

Abu Dhabi, 03 July, 2019: Emirates Water and Electricity Company PJSC (EWEC), the UAE’s leading procurer of water and electricity, has issued a Tender for the construction and development of a new 2,000 MW solar photovoltaic (PV) power project to be located at Al Dhafra, Abu Dhabi. The new project forms part of a series of projects approved by the higher Committee for the Water and Electricity Sector in Abu Dhabi. Once completed, the project site will cover an area of approximately 20 Km², almost doubling the capacity of the current largest operational single-site solar PV plant in the world, Noor Abu Dhabi. The new project is expected to achieve commercial operations during the first quarter of 2022, upon which it would take Abu Dhabi solar capacity to 3,200 MW. This follows the receipt by EWEC earlier this year of 48 ......read more

Saudi Arabia's Ministry of Energy, Industry and Mineral Resources signs a contract announcing major presence at the 24th World Energy Congress in Abu Dhabi…

Saudi Arabia’s pavilion will be the largest country pavilion at this year’s World Energy Congress, held 9 – 12 September.   Abu Dhabi, 3 July 2019:  The Kingdom of Saudi Arabia will have a large presence at the 24th World Energy Congress in Abu Dhabi after signing a major contract with the Organizing Committee today.   More than 20 organizations from the energy sector in Saudi Arabia are set to showcase their services during the World Energy Congress, highlighting the strength of the country’s energy sector and its efforts to move towards a more sustainable industry model.   Held under the patronage of His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE, the 24th World Energy Congress will offer a unique platform for global energy leaders to explore new ......read more

Empower guides customers to avoid disruption of service during summer…

Dubai, UAE, 3rd July 2019: Emirates Central Cooling Systems Corporation (Empower), the world's largest district cooling services provider, offered its customers a set of guidelines to avoid service interruption during summer, and to enjoy a refreshing summer. Through this, Empower aims to increase customer satisfaction by providing the best services and solutions in the cooling sector. Empower has highlighted the key steps for its customers to enjoy sustainable district cooling services include checking cooling equipment and contacting the company in case of disruptions in service. It is recommended to contact the buildings maintenance team to check the air filters, which may sometimes be blocked by dust, in addition to timely payment of bills before and on the due dates, through its multiple payment options, to avoid service ......read more

Liberty completes landmark acquisition of European ArcelorMittal steel assets…

Deal catapults Liberty into top 10 steel producers globally excluding China 1 July 2019 - Dubai, UAE Liberty Steel, part of Sanjeev Gupta’s global GFG Alliance, today completed the acquisition of seven major steelworks and five service centres across seven European countries from ArcelorMittal.  The €740 million deal makes Liberty Steel one of the top ten producers globally, excluding China, with a total rolling capacity in excess of 18 million tonnes covering a wide range of finished products. This is the largest single transaction undertaken by GFG and brings the Alliance’s worldwide workforce to nearly 30,000 across 30 counties.  The seven sites, which today became part of Liberty, employ over 14,000 people and include the major integrated steel works at Ostrava in the Czech Republic and ......read more

Other Top Stories from Energy, Oil & Gas
 
UAE Recognized As Role Model for Development of Peaceful Nuclear Energy at Nuclear Inter Jura ...…

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

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

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

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

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

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

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

Abu Dhabi to Host International Nuclear Law Congress…

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

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

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

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

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

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

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

AUGIER Energy to reveal spearheading innovations at ADIPEC 2018…

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

WETEX Deals build partnership between Ireland and the UAE…

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

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

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

UAE's first waste-to-energy facility…

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

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

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

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

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

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

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

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

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

ENEC Hosts Supplier Forum to Support Growth and Development of Local Supply Chain…

Representatives of UAE-based suppliers were updated on the status of the Barakah Project and upcoming opportunities and requirements     Abu Dhabi, UAE – 10 October 2018: The Emirates Nuclear Energy Corporation (ENEC), in collaboration with its subsidiary, Nawah Energy Company (Nawah), hosted a Supplier Forum today in Abu Dhabi. The forum brought together delegates ......read more

ADNOC and BHGE Form a Strategic Partnership to Improve Drilling Efficiencies and Grow ADNOC ...…

Strategic partnership will expand ADNOC Drilling’s capabilities into the integrated drilling and well construction segment and expand BHGE’s presence in the UAE BHGE will acquire a five percent stake in ADNOC Drilling, valuing the business at $11 billion, and the partnership will enable ADNOC Drilling to gain greater market access and new business opportunities ADNOC Drilling ......read more

ENEC Continues to Inspire New Generations of Future Energy Pioneers…

ENEC engages with students at Al Sila School as part of Schools Outreach Program Students learn about peaceful nuclear energy and its importance to the future growth and development of the UAE Abu Dhabi, UAE – 3 October 2018:   The Emirates Nuclear Energy Corporation (ENEC) organized a visit to Al Sila School, located in the Al Dhafra region of Abu Dhabi Emirate. During ......read more

Barring Oil Or Geopolitical Risks, Gulf Banks' Financial Profile Should Stabilize in 2019…

GCC banks' financial profiles should remain stable in 2019, absent any unexpected geopolitical or oil-price shock. Bank lending growth should stabilize at around the 5% mark over the next 12 months, as higher oil prices and stronger public investments raise economic growth in the region overall. We expect profitability to stabilize--with return on assets at about 1.5%-1.7% and net ......read more

WCU: Signs of life as dollar weakens and trade tensions ease…

By Ole Hansen, Head of Commodity Strategy at Saxo Bank Dubai, UAE, September 23, 2018:  The Bloomberg Commodity Index, which tracks the performance of 22 major commodity futures, rose from the ashes this past week. The 2% gain occurred after some early weakness after the US announcement of additional tariffs on $200 billion worth of Chinese imports.  The broad-based recovery that ......read more

IYNC and the UAE Discuss the Way Forward for Global Nuclear Energy at IAEA General Conference…

The International Youth Nuclear Congress and the UAE Permanent Representation to the International Atomic Energy Agency co-hosted a side-event at the 62nd IAEA General Conference in Vienna, Austria Young professionals from the UAE, USA, China, Russia and France share their views on the future of nuclear energy and technology Dubai, UAE, September 20, 2018:  The International Youth ......read more

ENEC Highlights Importance of International Cooperation and Capacity Development at the IAEA 62nd ...…

ENEC participates in 62nd Annual Regular Session of the IAEA General Conference, UAE side event and International Youth Nuclear Congress event ENEC CEO updated the attendees on the status of the Barakah Nuclear Energy Plant Project   Abu Dhabi, UAE – 19 September 2018: The Emirates Nuclear Energy Corporation (ENEC) participated in the 62nd  Annual Regular Session of ......read more

Masdar, ADFD and PUC partner to build solar power plant with battery storage in Seychelles…

5MW Ile de Romainville Solar Park being developed with financing worth AED31 million from Abu Dhabi Fund for Development as well as funds from PUC’s own equity Solar PV project to be integrated with existing 6MW Port Victoria Wind Farm and PUC’s existing power station   Abu Dhabi, United Arab Emirates; Sept 12, 2018 – Masdar, Abu Dhabi Future Energy Company, ......read more

Why the Modern-Day Oil and Gas Industry Needs Millennials to Survive?…

September 11, 2018 - Dubai UAE: A 2016 report by McKinsey & Company found that 14 percent of millennials said they would not work in the oil and gas industry because of its negative image – the highest percentage of any industry. With millennials set to comprise 75 percent of the workforce by 2025, it is imperative companies within the oil and gas industry do more to attract ......read more

Yahsat and Hughes to Form Joint Venture to Deliver Satellite Broadband Services…

Hughes and Yahsat to provide commercial Ka-band satellite broadband service across Africa, Middle East and southwest Asia Dubai, UAE, September 10, 2018:  Yahsat, a leading global satellite operator based in the United Arab Emirates (UAE) and wholly owned by Mubadala Investment Company, and Hughes Network Systems (HUGHES), a subsidiary of EchoStar Corporation (NASDAQ: SATS), today ......read more

SNC-Lavalin awarded West Qurna phase 2 oil field contract in Iraq…

Dubai, UAE, September 09, 2018:  SNC-Lavalin (TSX:SNC) is pleased to announce that it has been awarded a framework agreement for project support services with LUKOIL Mid-East for the West Qurna phase 2 oil field in Iraq. “We continue to build on our long-term relationship with LUKOIL and to help them realize their projects successfully. Once again, we look forward to demonstrating ......read more

Gazprom Neft, Mubadala Petroleum and the Russian Direct Investment Fund (RDIF) announce the ...…

Dubai, UAE, September 05, 2018:  Gazprom Neft, Mubadala Petroleum and the Russian Direct Investment Fund (RDIF, the sovereign wealth fund of the Russian Federation) have announced the completion of a transaction establishing a joint venture to develop oil fields in the Tomsk and Omsk regions of Western Siberia.  Further to an agreement announced on 24 May 2018, Gazprom Neft has now ......read more

Čibuk 1 wind farm in Serbia reaches key construction milestone…

Dubai, UAE, September 04, 2018:  A collaboration between Masdar, Taaleri Energia and the German development finance institution DEG to develop the largest utility-scale commercial wind project in Serbia has successfully reached a number of key milestones, and is on schedule to start production early next year. Čibuk 1 in Dolovo, situated 50km outside the capital Belgrade, has ......read more

Atlantic Council Global Energy Forum Returns to Abu Dhabi in 2019…

Abu Dhabi, UAE, September 04, 2018:  The third annual Atlantic Council Global Energy Forum will be held in Abu Dhabi on January 12-13, 2019, again kicking off Abu Dhabi’s Sustainability Week. The two-day premier event gathers international and regional political, industry, and thought leaders to set the global energy agenda for the year and examine the longer-term geopolitical and ......read more

FANR and Khalifa University Sign Collaborative Research Agreement…

2 September 2018, Abu Dhabi, United Arab Emirates: The Federal Authority for Nuclear Regulation (FANR) and Khalifa University of Science and Technology (KU), have signed a collaborative research agreement focused on advancing nuclear safety research and educating the UAE’s next generation of peaceful nuclear energy professionals. The agreement was signed during a ceremony held at ......read more

Quote of Dr. Layla Mohamed Al Marzouqi…

“As the nation prepares to celebrate the 4th Emirati Women's Day under the theme ‘Women on the Course of Zayed’ to honor the achievements of Emirati women and their contributions to the UAE’s development and prosperity through local, regional, international and leadership positions, the outstanding progress made by women across all professional and technical sectors is ......read more

Public-Private Partnerships to boost Economic development in the Gulf…

Oliver Wyman releases new report highlighting the impact of PPPs on national infrastructures across major Gulf economies  Dubai, United Arab Emirates, 07 August 2018:  In recent years, since the oil price slump, plans have emerged across the Gulf to curb fiscal deficits and diversify economies, most notably through the development of national infrastructure, highlights a new report ......read more

The 2nd Edition of the Phanes Group Solar Incubator set to kick off 7th August 2018…

Winner(s) will be announced at the “Unlocking Solar Capital: Africa 2018” conference in November Dubai, UAE, August 07, 2018:  Phanes Group, an international end-to-end solar provider headquartered in Dubai, UAE, has announced the 2nd edition of its Solar Incubator program, aimed at identifying PV projects of potential in sub-Saharan Africa by providing support to funding, and ......read more

Barakah Unit 2 Successfully Completes Significant Pre-Operational Testing…

Unit 2 Hot Functional Test (HFT) completed successfully as part of testing and commissioning in preparation for operation Nawah operators benefit from unique plant operating experience Abu Dhabi, UAE – 6 August 2018:   The Emirates Nuclear Energy Corporation (ENEC) has successfully completed Hot Functional Testing (HFT) on Unit 2 of the Barakah Nuclear Energy Plant. This ......read more

Tabreed's H1 2018 Net Profit Increases 10% To AED 211.9 Million…

2 August, 2018 – Abu Dhabi, United Arab Emirates:   National Central Cooling Company PJSC (DFM: Tabreed), the leading regional district cooling utility company, today released its consolidated financial results for the first half of 2018. The company continues to meet the region’s growing demand for district cooling and deliver solid performance and ......read more

Nawah Energy Company Celebrates the Graduation of 195 ‘Energy Pioneers'…

Abu Dhabi, UAE – 25 July 2018:   Nawah Energy Company (Nawah), the nuclear operating joint venture company established by the Emirates Nuclear Energy Corporation (ENEC) and Korea Electric Power Corporation (KEPCO), celebrated the graduation of 195 students who are specializing in nuclear energy as part of the ‘Energy Pioneers’ scholarship program. The graduates ......read more

The Sustainable City further reduces its carbon footprint by adopting B100 Bio-Diesel…

The renewable fuel alternative is manufactured from the used cooking oil produced by restaurants at The Sustainable City Dubai, United Arab Emirates, 18 July 2018:   The Sustainable City, the Middle East’s first fully operational sustainable community, has adopted B100 biodiesel to fuel the construction of the new buildings in phase 2 including Fairgreen International School, ......read more

DP World and EGA Sign Important Agreement to Support Aluminium Exports…

New 175,000-square metre facility in Jebel Ali Free Zone to connect to global markets Dubai, United Arab Emirates, 16 July 2018:-   DP World, UAE Region, the Middle East’s leading regional trade enabler, today signed an important Strategic Long Term Service Agreement  with Emirates Global Aluminium (EGA), the largest industrial company in the United Arab Emirates outside ......read more

Significant Milestones Achieved in Construction of Unit 3 at Barakah Nuclear Energy Plant…

All major concrete work successfully completed at Unit 3 of the Barakah Nuclear Energy Plant Major construction work completed on Unit 3 Turbine Generator and Reactor Vessel (RV) Internals Abu Dhabi, UAE – 10 July 2018:   The Emirates Nuclear Energy Corporation (ENEC) has achieved a series of significant milestones in the construction of Unit 3 of the Barakah Nuclear ......read more

3rd UAE France Oil and Gas Connecting Days…

Abu Dhabi, June 25-26, 2018 Dubai, United Arab Emirates; July 3, 2018:  Business France jointly with EVOLEN, and the French Business Group hosted the third UAE France Oil and Gas Connecting Days from June 25th to 26th in Abu Dhabi and Ruwais. The two days forum included ADNOC and its subsidiaries, as well as several ADNOC partners including Mudabala Petroleum.  This event was ......read more

Submissions Open for Oil and Gas Industry's Prestigious ADIPEC Awards 2018 Edition…

ADIPEC Awards Celebrate Excellence in the Petroleum Industry Categories Highlight Outstanding Achievements Shaping the Future in an Evolving Landscape for Hydrocarbons Abu Dhabi, UAE – 3 July 2018 –   Entries for the oil and gas industry’s prestigious ADIPEC 2018 Awards are now open, with six categories focused on issues crucial to the progress and resilience ......read more

FANR Hosts IAEA Nuclear Infrastructure Review Mission…

1 July 2018, Abu Dhabi, United Arab Emirates:   The United Arab Emirates hosted the International Atomic Energy Agency (IAEA) Phase 3 Integrated Nuclear Infrastructure Review (INIR) mission from 24 to 1 July. The aim of the mission was to assist the UAE by providing a review of the nation’s overall nuclear energy infrastructure. The UAE is the first country to implement and ......read more

RAK Petroleum plc Report on payments to governments for the year 2017…

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 ......read more

Siemens to supply three large gas turbines to Dubai…

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 ......read more

Oil rallies on Opec compromise; Metals challenged by dollar and trade war…

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 ......read more

Mubadala Petroleum completes the acquisition of a 10 percent interest in the Shorouk Concession in ...…

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 ......read more

Etihad ESCO signs service agreement with Jamal Al Ghurair Group for its first retrofit project in ...…

June 20, 2018 - Etihad ESCO, the leading energy service company, announced the signing of an agreement with Jamal Al Ghurair Group to retrofit two of their industrial facilities in Abu Dhabi- Gypsemna and Porcellan. Etihad ESCO and Jamal Al Ghurair Group formed the partnership after identifying the enormous energy savings potential of the project. Being the first retrofit program to be undertaken ......read more

National Poll Shows Strong Support for UAE Peaceful Nuclear Energy Program…

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 ......read more

EU Reinforces Position at the Forefront of Global Energy Transformation, Says IRENA…

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 ......read more

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