Dubai PR Network, Online Press Release from Dubai and Middle East
Featured in Energy, Oil & Gas
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 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

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

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

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 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

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 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

Tristar Group's Jebel Ali warehouses receive DMCC's 5-star rating for second and third consecutive years…

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

GCC must make the right decisions to harness the potential of renewable energy…

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

Crude spreads widen; gold still looking for a catalyst…

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

Nawah Energy Company Enters Next Phase of Preparations for Barakah Unit 1 Nuclear Operations…

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

RDIF, Mubadala Petroleum and Gazprom Neft announce a joint venture to develop Siberian oil fields…

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

Strong Global Interest in Tendering Process for Oil and Gas Concessions in Ras Al Khaimah, Reveals Rakpa Chief Executive…

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

Regulatory Reform Key to Meeting Renewable Energy Targets in Panama…

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

Big Oil Production Is Still Growing Despite Capex Cuts…

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

Over 200 Senior Energy, Petrochemical and Private Sector Leaders and CEOs Tour Ruwais As Part of the ADNOC Downstream Investment Forum…

Visit included a tour of Ruwais Industrial Complex and Ruwais City Investment and expansion of Ruwais to form centrepiece of ADNOC’s Downstream Strategy  Abu Dhabi, United Arab Emirates, May 15, 2018:  As part of the launch of the Abu Dhabi National Oil Company’s (ADNOC) new Downstream strategy at the ADNOC Downstream Investment Forum in Abu Dhabi this week, over 200 senior energy, petrochemical and private sector leaders and CEOs toured the Ruwais Industrial Complex and Ruwais City, where they viewed existing facilities and key assets and were briefed on a number of future development plans.   The expansion of the Ruwais Industrial Complex and Ruwais City is at the heart of ADNOC’s strategy to deliver a more valuable downstream business. Located in the strategically important Al ......read more

JAFZA'S PETROCHEMICAL COMPANIES GENERATE AED 16 BILLION…

DP World, UAE Region highlights sector-wide collaboration at GPCA Supply Chain Conference Dubai, United Arab Emirates, 12 May 2018:  Petrochemical companies operating in Jebel Ali Free Zone (Jafza), the region’s premier business and logistics hub, generated trade worth AED 16 billion in 2017. Jafza is home to 526 companies in the sector from 67 countries and will be exhibiting its services in the petrochemical sector at the 10th GPCA Supply Chain Conference in Dubai. Sultan Ahmed Bin Sulayem, Group Chairman and Chief Executive Officer, DP World, said: “Creating better supply chains depends on industry collaboration and sharing of knowledge to help the sector identify and resolve inefficiency. Real-time data is now the norm and the need for collaboration grows as well. we understand the value it offers and are ......read more

nVent Announces Completion of Separation from Pentair…

Independent, $2.1 billion company focuses on electrical connection and protection  DUBAI, UAE – May 3, 2018 –   nVent Electric plc (NYSE:NVT) (“nVent”), a global leader in electrical connection and protection solutions, today announced the completion of its separation from Pentair plc (“Pentair”) and its launch as an independent, publicly traded company. nVent shares will begin “regular way” trading on the New York Stock Exchange on May 1, 2018, under the symbol “NVT.”  The company has a leading portfolio of electrical enclosures, electric heat tracing solutions, complete heat management systems, and electrical and fastening solutions that connect and protect critical systems across the globe where the cost of failure is high. Its innovative electrical ......read more

Progress on Global Energy Goals Slow, but Strong Gains in Countries Show Promise…

Dubai, United Arab emirates, May 2, 2018:  The world is not on track to meet the global energy targets for 2030 set as part of the Sustainable Development Goals, but real progress is being made in certain areas – particularly expansion of access to electricity in least developed countries, and industrial energy efficiency, according to a new report from five international agencies.  Renewable energy is making impressive gains in the electricity sector, although these are not being matched in transportation and heating – which together account for 80% of global energy consumption.  While global trends are disappointing, recent national experiences around the world offer encouraging signs. There is mounting evidence that with the right approaches and policies, countries can make substantial in clean ......read more

FMS Tech has been approved as an official in-vehicle monitoring system (IVMS) supplier in Oman…

FMS Tech is now one of seven exclusive suppliers approved in OPAL’s first round of approvals 29 April 2018, Dubai, United Arab Emirates:  Oman Society for Petroleum Services (OPAL) recently announced Fleet Management Systems & Technologies (FMS Tech) as one of its seven approved in-vehicle monitoring systems (IVMS) suppliers for Oil and Gas Transportation Safety Technology in its first round of approvals.  Oil & Gas Safety Standards and Regulations require multiple qualifications and approvals to be met before a company can supply to the Oil & Gas industry in Oman. This is due to several high-risk operations, that are potentially dangerous, if not managed and regulated properly. OPAL has also created an advanced set of criteria for various Oil & Gas operating standards. One of these is solely ......read more

ENEC to Focus on Safety Culture at EmiratesSkills Abu Dhabi 2018…

Abu Dhabi, United Arab Emirates, 24 April 2018:  The Emirates Nuclear Energy Corporation (ENEC) is highlighting the importance of prioritizing health and safety, during its participation in the EmiratesSkills 2018 National Competition, held at Abu Dhabi National Exhibition Centre from 23 to 25 April 2018. ENEC is the official Health and Safety sponsor and exhibitor, emphasizing the importance of establishing a strong culture of safety in everyday life as well as in the workplace. Around 600 UAE Nationals will compete in the 2018 edition of the EmiratesSkills National Competition, which is held under the patronage of H.H. Sheikha Fatima Bint Mubarak, Chairwoman of the Family Development Foundation and the Head of the General Women’s Union. Participants will demonstrate their skills in 30 different categories in ......read more

Masdar and Costa Rican Electricity Institute to advance renewable energy development…

Abu Dhabi, United Arab Emirates, April 24, 2018:  Masdar (Abu Dhabi Future Energy Company) and the Costa Rican Electricity Institute (Instituto Costarricense de Electricidad, or ICE) have announced a collaboration to promote renewable energy development.  Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar, and Eugenia Gutierrez, Member of the Board and Director of ICE, signed a memorandum of understanding to share technical knowledge and project experience. The agreement aims to promote collaboration in utility-scale and off-grid power generation, floating solar photovoltaic (PV) technology, “smart cities” technology, and battery storage. The two companies also hope to offer advisory services to other Latin American and Caribbean countries on energy diversification.  Mohamed Jameel Al ......read more

Game Changing technologies take centre stage at Middle East Static Equipment Engineering & Maintenance Conference (ME Static)…

Featuring 75 per cent international visitors, 80 per cent decision makers and 65 per cent trade visitors, the event witnessed more than 200 visitors and over 150 delegates on the first day of the event The event witnessed participation from Saudi Council of Engineers, Sahara Petrochemicals Company, Orpic, Saudi Aramco, ADNOC Gas Processing and SABIC among many others United Arab Emirates, Dubai, April 24th 2018:   The oil and gas industry has long recognised the importance of understanding and influencing the role of innovation and technological advancements for static equipment.  As the equipment’s performance is key to increased profitability, experts who gathered at the Middle East Static Equipment Engineering & Maintenance Conference held at Waldorf Astoria on 24th April, discussed varied strategies ......read more

Gulf Petrochemicals and Chemicals Association (GPCA) Marks Earth Day with New Report Release…

On the important occasion of Earth Day, GPCA is pleased to announce the release of the 4th Progress Report, highlighting a major increase in global efforts to prevent marine litter Dubai, United Arab Emirates, 22 April 2018 – The Gulf Petrochemicals and Chemicals Association (GPCA), the voice of the chemical industry in the Arabian Gulf region, today marks Earth Day with the release of the 4th Progress Report, highlighting a huge jump in projects worldwide to prevent marine litter from coming into our oceans. The report, which was released by the Global Plastics Alliance (GPA), a collaboration among plastics industry associations and other allied industries associations around the world, reveals that projects made under the “Global Declaration” for solutions on marine litter, have more than tripled to around 355 ......read more

Government of Ras Al Khaimah Makes Key Appointments to Ras Al Khaimah Petroleum Authority…

- Nishant Dighe Chief Executive Officer of RAKPA Ras Al Khaimah, United Arab Emirates, 19 April 2018:   After the recent announcement of the Government of Ras Al Khaimah appointing His Highness Sheikh Ahmed Bin Saud Bin Saqr Al Qasimi as Chairman of Ras Al Khaimah Petroleum Authority (“RAKPA”), Nishant Dighe is appointed as Chief Executive Officer of RAKPA. Nishant Dighe, also the Chief Executive Officer of RAK Gas, is appointed to RAKPA on an interim basis until completion of the award of the petroleum rights under RAK’s 2018 petroleum licensing round (“the Licensing Round”), at which time a permanent appointment will be made.  On 2 April 2018, the Government of Ras Al Khaimah announced the official launch of the Licensing Round and the establishment of RAKPA – the new regulator ......read more

Final Dome Structure Completed at Barakah Nuclear Energy Plant…

    Construction of Reactor Containment Building Dome Structure for Unit 4 successfully completed; the final unit of the Barakah Plant     Unit 4 Reactor Coolant Loop (RCL) pipe welding and setting of key equipment also completed Abu Dhabi, United Arab Emirates, 10 April 2018:  Reaching another milestone in the development of the Barakah Nuclear Energy Plant, the Emirates Nuclear Energy Corporation (ENEC) has successfully completed the Reactor Containment Building (RCB) dome for Unit 4, the final unit of the Barakah Nuclear Energy Plant, located in the Al Dhafrah region of Abu Dhabi. The Unit’s Reactor Coolant Loop (RCL) pipe welding, and the setting of key equipment have also been completed. The completion of Unit 4’s dome structure signifies the majority completion of the main ......read more

Mubadala Petroleum Signed Andaman I PSC in Indonesia…

Abu Dhabi, 09 April, 2018:  Mubadala Petroleum announces that it has signed the Production Sharing Contract (PSC) for Andaman I, as awarded by the Government of Indonesia in the 2017 Indonesian Licence Round.  Mubadala Petroleum is the operator of the Andaman I PSC and a partner in the Andaman II PSC, operated by Premier Oil, which was also signed last week. The Andaman I and II PSCs are adjacent and located in the underexplored but proven North Sumatra basin offshore Aceh, a region that Mubadala Petroleum has been involved in since 2011 through joint study agreements.  The PSCs have the potential to unlock a new material gas play for domestic consumption in North Sumatra and indeed long term export to regional markets.   The work commitment for the Andaman I exploration block is to conduct sub surface ......read more

Global Renewable Generation Continues its Strong Growth, New IRENA Capacity Data Shows…

Sector adds record 167 gigawatts (GW) of generating capacity, expands 8.3% in 2017 Abu Dhabi, UAE, 07 April 2018:   By the end of 2017, global renewable generation capacity increased by 167 GW and reached 2,179 GW worldwide. This represents a yearly growth of around 8.3%, the average for seven straight years in a row, according to new data released by the International Renewable Energy Agency (IRENA).  Renewable Capacity Statistics 2018 is the most comprehensive, up-to-date and accessible figures on renewable energy capacity statistics. It contains nearly 15,000 data points from more than 200 countries and territories.      “This latest data confirms that the global energy transition continues to move forward at a fast pace, thanks to rapidly falling prices, technology improvements and ......read more

Other Top Stories from Energy, Oil & Gas
 
ADNOC Distribution Announces New Retail Price of Unsubsidized LPG for Month of September…

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

ADNOC Distribution celebrates the opening of its 44th service station in Al Ain City…

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

Ministerial Meeting Gathers in Italy to Scale-Up Geothermal Energy Worldwide…

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

DowDuPont™ Merger Auccessfully Completed…

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

Egypt's Minister of Electricity and Renewable Energy Discusses Areas of Collaboration With Global ...…

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

Abu Dhabi Confirms Expanded Programme for World's Largest Oil and Gas Technical Conference…

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

Empower pays tribute to Emirati women…

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

Empower's ‘Smile at 24 degrees' campaign records saving of 5.2 per cent energy in the second month…

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

A Quarter of India's Energy Demand Can Be Met with Renewable Energy…

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

Empower connects its district cooling solutions to 75 buildings Year to Date 2017…

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

Sultanate of Oman prepares to build the first large-scale wind farm in the GCC region…

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

Major Components Successfully Installed at Unit 4 of Barakah Nuclear Energy Plant, Abu Dhabi…

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

ADNOC Distribution Announces New Retail Price of Unsubsidised LPG for Month of August…

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

Networked Energy Services Announces Fourth Generation Smart Meter…

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 connects its district cooling solutions to the prestigious development ‘The Opus'…

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

The New Energy Vehicles Club launched under the Clean Energy Business Council…

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

Gulf Petrochem Group Closes US$150m Financing Deal…

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

Networked Energy Services Corporation emphasizes critical importance of Smart Grid security…

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

Petrofac Strengthens Iraq Presence With Contracts Worth US$100 Million…

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

ENEC Progresses Delivering Barakah Nuclear Energy Plant Completing Significant Tests of Unit 2…

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

Abu Dhabi's Baron Point Petroleum Signs JV With PetroVietnam Oil Corporation in US$150m Project in ...…

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

Regional Lighting Market Continues to Shine as Leading Global Player's Line Up for Light Middle ...…

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

Beat The Heat – Six Tips to Save Energy and Reduce Bills During Summer…

  *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

ADNOC Distribution Opens Seah Al Saram Service Station in Fujairah…

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 Witnesses Progress of UAE's Peaceful Nuclear Energy Program…

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 Opens Al Meedan Service Station in Sharjah…

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

Empower and partners of the UN initiative “District Energy in Cities” sign Global Cooperation ...…

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

Kuwait Oil Tanker Company awards GAC Fujairah husbandry contract…

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

Empower Presents Best Practices and Innovations at International District Energy Association's ...…

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

ADNOC Distribution Opens Abu Dhabi's Mahawi North Service Station…

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

InSinkErator contributes to UAE State of Energy Report for third consecutive year…

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

ADNOC Distribution Incorporates More Customer-Focused Features in its Enhanced Mobile App…

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

Dubai's First Social Experiment Takes Place During Ramadan…

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

ICT Energy Efficiency Discussed in Dubai…

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

Gulf Energy Maritime Signed AED275 Million Shari'ah-Compliant Facility with Dubai Islamic Bank…

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

Petrofac Secures Five-Year Training Agreement with Kuwait Oil Company…

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

IAEA Director General Yukiya Amano Commends Russia's Role in the Development of the Global Nuclear ...…

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

Technical Committee of 3rd Emirates Energy Award (EEA) Holds Its 1st Meeting to Review ...…

Dubai, UAE, 12 June 2017: The technical committee of the Emirates Energy Award (EEA), which organised under the patronage of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, under the theme “Innovative solutions for clean energy”, held its first meeting in the headquarter of Dubai Supreme Council of Energy (DSCE). The meeting ......read more

Empower's ‘Smile at 24 Degrees' Campaign Set to Drive Optimal Utility Savings for District Cooling ...…

For the fourth year in a row: The campaign aims to reduce the energy consumption through optimal temperature setting  Dubai, UAE, 11 June 2017: As the mercury rises, Emirates Central Cooling Systems Corporation (Empower), the world’s largest district cooling services provider, has launched its nationwide summer campaign – ‘Smile at 24 degrees’. The campaign ......read more

Petrofac secures framework agreement with Petroleum Development Oman…

Dubai, UAE, June 8, 2017:  Petrofac has secured a long-term Framework Agreement (FA) with Petroleum Development Oman PDO) for the provision of Engineering, Procurement and Construction Management (EP+Cm) Support Services for major oil and gas projects.  The Agreement, which is for ten years with an additional five-year option, builds upon a three-year programme of EP+Cm support ......read more

A.T. Kearney Energy Transition Institute Launches, with the Aim of Helping GCC Governments and ...…

The new A.T. Kearney Energy Transition Institute will develop and share technological, economical, and forward-looking insights on energy transition Dubai, 07 June, 2017 - In a world where energy consumption results in 66% of global greenhouse gas emissions, senior leaders in the public and private sectors need to find ways to navigate a rapidly changing energy landscape while meeting ......read more

Empower Launches Bills Payment Facility Through Emirates NBDATM/CDMs…

  The new service will allow Empower’s customers to know the outstanding balance and make the payment of their district cooling consumption bills at all ENBD ATMs and CDMs across the UAE. Dubai, UAE, 7 June 2017: Emirates Central Cooling Systems Corporation (Empower), the world’s largest district cooling services provider, launched payment facility for its customers through ......read more

UK Electrical Safety Body to Open in Dubai as GCC Authorities Look to Minimise Fire Incidents…

NICEIC – British training and safety body for electrical contractors to help GCC authorities tackle high incidence of building fires caused by electrical faults Dubai, UAE, 6th June 2017: - NICEIC, the UK’s electrical contracting industry’s independent voluntary regulatory body for electrical installation safety throughout the UK, is to establish a regional base in ......read more

Schneider Electric Announces EcoStruxure Power, Redefines Power Distribution with Unparalleled ...…

Latest addition to IoT-enabled EcoStruxure™ architecture leverages advances in power distribution to improve operational and energy efficiency  Delivers safer, more reliable and efficient power in large and critical buildings and infrastructures Simplifies building management, tracks and reduces energy costs and improves asset and maintenance efficiency in small and medium ......read more

Empower Focuses on ‘Supporting Implementation' at 3rd Annual Partners Meeting of the ‘Global ...…

  The meeting was held to review the assessment results of the introduction of district cooling in countries as Bosnia, Herzegovina, Chile, China, India, Serbia and Morocco among many others. Dubai, UAE, 31 May 2017: With an aim to promote sustainable development of cities through energy efficiency, Emirates Central Cooling Systems Corporation (Empower), the world's largest ......read more

ADNOC Distribution Opens Two New Service Stations in Abu Dhabi and Ras Al Khaimah…

Abu Dhabi, 31 May, 2017: ADNOC Distribution has announced the opening of two new service stations in Abu Dhabi and Ras Al Khaimah, taking the total number of service stations in its UAE-wide network to 447: these include 347 stations dedicated to vehicles and boats and 100 stations serving specialised sectors.  The newly opened stations are the Tawazun service station in the Al Ajban area ......read more

Schneider Electric Makes Industry Simpler and More Profitable with EcoStruxure for Industry…

  Open IIoT approach helps customers digitize and bring new levels of intelligence, decision making capabilities, productivity and efficiency across multiple industries Next-generation System Platform 2017 sets new standard for operational excellence, situational awareness and actionable intelligence, can be built on any hardware or software regardless of age or ......read more

Unit 1 Fuel Assemblies Safely Transported and Securely Stored at Barakah Plant…

-    Fuel Assemblies ready to generate emissions-free electricity to  power the UAE, pending regulatory approval -   -    Transport process focused on protecting the integrity  and exacting standards of fuel assemblies - Abu Dhabi, UAE – 27 May 2017: The Emirates Nuclear Energy Corporation (ENEC) announced the successful receipt of the ......read more

Renewable Energy Employs 9.8 Million People Worldwide, New IRENA Report Finds…

Global energy system creating more jobs in renewables than in fossil-fuel technologies Abu Dhabi, U.A.E., 24 May 2017 — More than 9.8 million people were employed in the renewable energy sector in 2016, according to a new report from the International Renewable Energy Agency (IRENA). Renewable Energy and Jobs – Annual Review 2017, released at IRENA’s 13th Council meeting, ......read more

Unlocking Dubai's Solar Potential…

innogy International Middle East and Dubai Carbon Centre of Excellence (Dubai Carbon) to develop Rooftop PV Projects in Dubai Dubai, United Arab Emirates: In line with His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, and Ruler of Dubai’s vision and the UAE Vision 2021, it is evident that Dubai and the UAE are at the forefront of ......read more

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