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Featured in Energy, Oil & Gas
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), the operator of the Barakah Nuclear Energy Plant in the Al Dhafra Region of Abu Dhabi, has become the first company in the world to develop English language standards for nuclear plant operations. These standards play a significant role in ensuring a high level of effective safety communication as part of a healthy nuclear safety culture.   With employees from more than 40 nationalities, Nawah is the most multinational and ......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 First Abu Dhabi Bank, Societe Generale Corporate & Investment Banking, Japanese multinational banking and financial services company Sumitomo Mitsui Banking Corporation, and pan-European global banking and financial services group UniCredit - together the mandated lead arranger (MLA) and bookrunners – as part of their ongoing commitment to sustainable finance. The three-year facility includes a number of ‘green features’ ......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, entrepreneurs and community figures. The announcement was made at the second edition of the Mohamed Bin Zayed Majlis for Future Generations, held under the patronage of His Highness Sheikh Mohammed Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces. The WISER Pioneers Programme, involving access to bespoke educational workshops, global networking events, and highly sought-after professional ......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 representing a diverse range of UAE-based companies as well as employees from ENEC and Nawah.   The forum is an integral component of ENEC’s ongoing efforts to support the development and growth of a local supply chain that can meet operational service, spare part and consumable requirements for the safe, secure and efficient construction and operation of the Barakah Nuclear Energy Plant for the next 60 years or more. The forum ......read more

ADNOC and BHGE Form a Strategic Partnership to Improve Drilling Efficiencies and Grow ADNOC Drilling into a Fully-Integrated Drilling and Well Construction Business…

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 will obtain exclusive access to BHGE capabilities, market leading technology and equipment portfolio in the UAE to strengthen its service offering, technical expertise, improve drilling efficiencies and know-how ADNOC will capture more value from growth across its conventional and unconventional hydrocarbon resources, expand local talent development opportunities and generate greater in-country value for the UAE Abu Dhabi, UAE – ......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 the visit, students took part in a variety of activities and learned about the UAE Peaceful Nuclear Energy Program and its importance to the future growth and development of the nation.   The visit to Al Sila comes as a part of ENEC’s ongoing Schools Outreach Program, which focuses on raising awareness and understanding of the UAE Peaceful Nuclear Energy Program, educating students of all ages on how nuclear energy is used, and ......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 interest margins at 3% on average in 2018--benefitting from the higher interest rates and significant non-interest-bearing deposits on banks' balance sheets. International operations could pose a latent risk for some GCC banks. A few banks with exposure to Turkey will see some impact on their asset quality. Three-quarters of the 24 GCC banks we rate carry a stable outlook. Negative outlooks are concentrated in Qatar and on a few banks in ......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 followed in global stocks and currencies was driven by a combination of the US tariffs coming in at the lower 10% bracket and China, while responding with its own counter tariffs, announcing plans to cut taxes, lift consumption, and lowering its average tariff rate on imports from most of its trading partners as soon as October.  While these developments may have helped sentiment, a proper de-escalation in China / US relations has yet to ......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 Nuclear Congress (IYNC) and the United Arab Emirates (UAE) Permanent Representation to the International Atomic Energy Agency (IAEA) facilitated a discussion on the role of young people in the future of the nuclear industry with representatives from around the globe. The two organizations co-hosted a side-event at the 62nd IAEA General Conference today, with opening remarks from Ambassador Hamad AlKaabi, Permanent Representative of the UAE to the ......read more

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

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 the IAEA General Conference, taking place at the IAEA International Center in Vienna, Austria, from 17 to 21 September 2018. The ENEC delegation to the Conference is led by Eng. Mohamed Al Hammadi, Chief Executive Officer of ENEC.   Eng. Mohamed Al Hammadi delivered a speech during the special event hosted by the UAE on the side-lines of the General Conference, in which he updated attending officials and representatives from IAEA member ......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, will help the Public Utilities Corporation (PUC) in building a five-megawatt (MW) solar photovoltaic (PV) power plant with battery storage in the Republic of Seychelles The project is being financed by a AED31 million loan from Abu Dhabi Fund for Development (ADFD), the leading national entity for development aid, as well as funds from PUC’s own equity.   The project’s engineering, procurement and construction (EPC) contract ......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 younger talent.  In recent years, the oil and gas industry has seen the landscape in which it operates undergo significant change, marked by a West-East shift in socio-political and economic power and influence. This shift in influence is perhaps most exemplified by the long-awaited free trade agreement (FTA) between the European Union (EU) and the Gulf Cooperation Council (GCC).  The six countries of the GCC represent an important ......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 announced an agreement to enter into a joint venture to provide commercial Ka-band satellite broadband services across Africa, the Middle East and southwest Asia. This new venture combines Hughes deep expertise as the global leader in broadband satellite networks and services with Yahsat’s unique position and knowledge as the leader in satellite broadband solutions across these regions.  Hughes will purchase a minority interest in the ......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 our expertise in the delivery of professional services and our enviable reputation that has been earned in the region for over 50 years,” said Christian Brown, President, Oil & Gas, SNC-Lavalin. “We are well established in the Middle East and have worked closely with national and international oil companies and Iraq’s Ministry of Oil on projects across the value chain, ranging from professional services to engineering and ......read more

Gazprom Neft, Mubadala Petroleum and the Russian Direct Investment Fund (RDIF) announce the completion of a transaction to jointly develop oil fields in Western Siberia…

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 completed its sale of a 49-percent interest in Gazpromneft-Vostok LLC, operator of 13 fields, to Mubadala Petroleum and RDIF. Following the completion of this transaction Gazprom Neft now holds a 51-percent interest in the joint venture, with Mubadala Petroleum and RDIF holding 44 percent and five percent equity, respectively. Gazpromneft-Vostok remains a subsidiary of Gazprom Neft, and will continue to operate the fields. The ......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 completed the construction of 33 overhead pylons allowing for the energisation of the wind farm’s substation, its connection to existing transmission lines 11km away, and the handover of the transmission operation building to its operator.    Comprising 57 wind turbines supplied by GE Renewable Energy, the 158-megawatt (MW) wind farm is expected to provide electricity to 113,000 homes and displace more than 370,000 tonnes of carbon ......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 geo-economic implications of the changing energy system. The conference agenda this year will focus on the future of oil, the digitization of energy, diversification in energy companies and countries, and will have a regional focus on East Asian energy demand and energy innovation. Last year’s event brought over 450 people to Abu Dhabi from around the world, including CEOs, Ministers, global media, and industry experts. The forum will ......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 FANR’s headquarters by Christer Viktorsson, Director General of the Federal Authority for Nuclear Regulation, and Dr. Arif Sultan Al Hammadi, Executive Vice President of Khalifa University. According to the new agreement, FANR and KU will continue their joint work on the Advanced Thermal-hydraulic Test Loop for Accident Simulation Project Phase 2 (ATLAS-2), an international project jointly organized by the Organization for Economic Co-operation ......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 by Oliver Wyman.   Titled “How Public-Private Partnerships can support the Gulf’s Economic development,” the report highlights the significance of the private sector’s contribution to the emerging economies. Public-Private-Partnerships (PPPs) stand among the main levers being considered in the Gulf as a means to boost private sector contribution to the economy and to offload some of the financing burden from ......read more

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 commercial and technical knowledge. The initiative held under the theme, “Your Project, Our Expertise, For a Sustainable Future”, will be held in collaboration with Hogan Lovells, responsAbility Renewable Energy Holding, RINA and Solarplaza, and invites PV developers to submit proposals for projects based in sub-Saharan Africa that have a clear Corporate Social Responsibility (CSR) component. Candidates are asked to submit ......read more

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 significant pre-operational testing process incorporated all lessons learned from the same test on Unit 1 in order to achieve the highest international standards of quality, safety and efficiency.   ENEC worked closely with the Korea Electric Power Corporation (KEPCO), the Joint Venture partner and Prime Contractor for the Barakah project, and under the observation of the Federal Authority for Nuclear Regulation (FANR), the ......read more

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 growth.   Financial highlights – six months ended 30 June 2018: Net profit attributable to the parent increased by 10 per cent to AED 211.9 million (H1 2017: AED 192.7 million) Group revenue increased by 2 per cent to AED 650.7 million (H1 2017: AED 639.2 million) Core chilled water revenue increased by 2 per cent to AED 617.3 million (H1 2017: AED 602.3 million) EBITDA increased by 6 per cent to AED 326.1 million (H1 2017: AED 308 ......read more

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 successfully completed nuclear science and technology focused courses from various institutions of higher education in the UAE and abroad, including Khalifa University (Abu Dhabi), Abu Dhabi Polytechnic, and Pennsylvania State University, Texas A&M University and North Carolina State University in the United States of America.  Nawah Chief Executive Officer, Mr. Mark Reddemann, congratulated the students in his speech, and emphasized ......read more

The 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, Hotel Indigo, and the innovation centre. The renewable fuel alternative is manufactured from the used cooking oil consumed by the restaurants at the community plaza, and will allow The Sustainable City to reduce its carbon footprint by up to 150 tons of carbon dioxide per year during the construction period. Faris Saeed, CEO of Diamond Developers — the company behind The Sustainable City — commented: “As The Sustainable City ......read more

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 oil and gas, aimed at supporting the UAE’s position as a major exporter of the metal. The agreement extends the strategic partnership between the two companies, facilitating the storage and transportation of aluminium manufactured by EGA. As part of the agreement, EGA is leasing a dedicated storage area that is the largest the company has ever used at Jebel Ali Port and which will further ease the export of EGA’s metal ......read more

Other Top Stories from Energy, Oil & Gas
 
7% growth of oil and gas companies in Jafza…

Sultan Bin Sulayem: Location is the primary driver for companies setting up in Jebel Ali Free Zone Dubai, November 11, 2017:  Jafza, one of the world’s largest free zones, and a subsidiary of global trade enabler DP World has seen 7 per cent growth in the number of oil and gas companies during 2016. DP World Group Chairman and CEO, Sultan Ahmed Bin Sulayem, : “Jafza’s ......read more

Renewable Energy Can Be Strengthened in Next Round of Climate Negotiations…

Nationally Determined Contributions under Paris Agreement must reflect growing business case and global momentum for renewables    Dubai, UAE, November 11, 2017:  Countries have an opportunity to significantly increase renewable energy ambition within Nationally Determined Contributions (NDCs), and to accelerate its deployment in line with climate objectives under the Paris ......read more

Region's first of its kind initiative to launch in November…

The GPCA Legacy Initiative and GPCA Legacy Award “Al Rowad” ÇáÑæÇÏ)) will debut during the 12th Annual GPCA Forum in Dubai to recognize the pioneers of the Arabian Gulf chemical industry Dubai, United Arab Emirates, 9 November 2017:  The Gulf Petrochemicals and Chemicals Association (GPCA) is proud to announce the launch of the GPCA Legacy Initiative and GPCA Legacy Award ......read more

ENEC to Host Public Forums on Nuclear Energy in Abu Dhabi City and Al Dhafra Region…

Public forums key part of ongoing UAE Peaceful Nuclear Energy Program educational and awareness campaigns led by ENEC Abu Dhabi, United Arab Emirates – 05 November 2017:  Emirates Nuclear Energy Corporation (ENEC) will host public forums at Baynounah Educational Complex in Al Dhafra region on Monday, 6 November, and at Zayed University Convention Centre, Abu Dhabi on Wednesday, ......read more

Rock Wettability Research Breakthrough from Khalifa University of Science and Technology May Help ...…

Researchers from the University’s Masdar Institute Developed a Novel Quantum Mechanical Simulation Approach to Predict Carbonate Surface Wettability, which Enhances Understanding of Oil Reservoirs in the Region Abu Dhabi-UAE: 04 November, 2017:   A team of researchers from the Masdar Institute of Science and Technology have proposed a quantum mechanical simulation technique to ......read more

Emirates Nuclear Energy Corporation Celebrates Flag Day at its Headquarters and Barakah Site…

Abu Dhabi, UAE – 2 November 2017:  The Emirates Nuclear Energy Corporation (ENEC) celebrated Flag Day at its headquarters in Masdar City, and at the site of the Barakah Peaceful Nuclear Energy Plant in the Al Dhafra region of Abu Dhabi. The activity comes in support of Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum’s call ......read more

UAE Peaceful Nuclear Energy Program one of the most diverse, multinational and multicultural ...…

Her Excellency, Sheikha Lubna bint Khalid Al Qasimi delivers special presentation on the role of women in the nuclear industry during the final day of the International Ministerial Conference on Nuclear Power in the 21st Century in Abu Dhabi, UAE Abu Dhabi, United Arab Emirates – 1 November 2017:  The United Arab Emirates (UAE) Peaceful Nuclear Energy Program was praised for ......read more

UAE Peaceful Nuclear Energy Program highlighted as a role model for major projects…

UAE nuclear energy leaders showcased to global industry audience the “The UAE’s Journey Towards Peaceful Nuclear Energy” at the International Ministerial Conference on Nuclear Power in the 21st Century in Abu Dhabi Abu Dhabi, United Arab Emirates – 1 November 2017:  The United Arab Emirates (UAE) Peaceful Nuclear Energy Program was showcased as a role model ......read more

Jury Selects 2018 Zayed Future Energy Prize Winners…

Abu Dhabi, UAE, 31 Oct 2017:  The Jury of the Zayed Future Energy Prize convened to deliberate and select nine winners across its five categories today. The winners will be announced at the Prize awards ceremony on 15 January 2018 as part of Abu Dhabi Sustainability Week (ADSW).   The Prize recognises notable work carried out by businesses and individuals through the large ......read more

Safety and Reliability of Nuclear Energy Discussed During Second Day of International Ministerial ...…

More than 700 delegates and nuclear energy experts attended the second day of the IAEA organized conference in Abu Dhabi Abu Dhabi, United Arab Emirates – 31 October 2017:  Challenges in developing nuclear energy infrastructure, facilitating international cooperation, and the safety and reliability of nuclear energy were the key topics discussed during the second day of the ......read more

Nuclear energy drives global economic growth and sustainable development…

Crucial role of nuclear energy sector in meeting global energy demands and sustainable development goals highlighted at day one of International Ministerial Conference on Nuclear Power in the 21st Century in Abu Dhabi  Abu Dhabi, United Arab Emirates – 30 October 2017:  Nuclear energy drives global economic growth, supports sustainable development and is helping to meet ......read more

IAEA International Ministerial Conference on Nuclear Power in The 21st Century…

Statement by the United Arab Emirates  Delivered by H.E. Suhail Al Mazroui, Minister of Energy and Industry Mr. President, Excellencies, distinguished guests, ladies and gentlemen. At the outset, I would like to welcome you to the United Arab Emirates and to this  special gathering here in Abu Dhabi to deliberate the future of nuclear energy and its contribution to sustainable ......read more

International Delegation witnesses significant progress at Barakah Nuclear Energy Plant…

Abu Dhabi, UAE – 30 October 2017:  Leading nuclear energy experts from the International Atomic Energy Agency (IAEA) and senior UAE officials visited the Barakah Nuclear Energy Plant in Abu Dhabi today, witnessing the significant progress being made across all four units. The delegation observed all of the key updates to the construction of the units which are being developed to ......read more

Upstream Companies Expect Shorter Time to Produce Oil and Gas Due to Digital Technology ...…

Almost two-thirds of upstream firms see the value digital technologies deliver as low oil prices linger, and the top risk of a lack of digital investment is becoming uncompetitive Dubai, UAE, October 29, 2017:   Faster and better decision-making and shorter time to first oil and gas top the list of expected benefits that digital technologies can drive for upstream oil and gas ......read more

Global Nuclear Energy Leaders to Convene in Abu Dhabi for International Ministerial Conference…

Conference to raise awareness of the nuclear energy as an important and credible energy source for future generations   Abu Dhabi, United Arab Emirates – 28 October 2017: Global nuclear energy experts and leaders are gathering in Abu Dhabi, on Monday, for the International Ministerial Conference on Nuclear Power in the 21st Century. Organized by the International Atomic Energy ......read more

Masdar wins Emirates Energy Awards at 4th annual World Green Economy Summit…

Clean energy projects and experts shine at 19th annual WETEX exhibition as Executives take part in important sessions to discuss key renewable energy topics Dubai, United Arab Emirates, 25 October 2017:  Abu Dhabi’s renewable energy company, Masdar, was honoured this week with two Emirates Energy Awards during the 4th annual World Green Economy Summit (WGES), held in ......read more

The Sustainable City, Dubai, unveils first report on water and energy savings…

The Middle East’s first fully operational sustainable community is living up to its creators’ ambitions Dubai, United Arab Emirates, 25 October 2017:  The Sustainable City, the Middle East’s first fully operational sustainable community, revealed the results of one year of monitoring at the city during WETEX 2017, which ran from 23rd to 25th October at the Dubai ......read more

Energy Matters: Boosting Energy Efficiency in Dubai Homes through Personalised Advice…

TAQATI - Dubai Energy Efficiency Program announces the successful completion of the pilot ‘Home Energy Advice Program’ Dubai, United Arab Emirates, October 22 2017:  Building on the momentum to improve energy efficiency in Dubai, TAQATI - Dubai Energy Efficiency Program announced the successful completion of the pilot ‘Home Energy Advice Program’. The program was ......read more

Leading UK advanced materials research centre to be named The Masdar Building…

Masdar’s funding towards Graphene Engineering Innovation Centre supports commitment of Abu Dhabi to promote knowledge economy  Dubai, UAE, October 21, 2017:  A new research centre at the University of Manchester in England aimed at marketing products and technologies made from a “wonder material” known as graphene will be called The Masdar ......read more

Masdar welcomes Luxembourg royal delegation…

1. Luxembourg’s Prince Guillaume and Princess Stéphanie, tour Masdar City one of the world’s most sustainable communities 2. Luxembourg’s Prince Guillaume and Princess Stéphanie visit Yahsat Space Lab, located at Masdar Institute, part of Khalifa University of Science and Technology   Abu Dhabi, United Arab Emirates; October 11, 2017:  Abu Dhabi Future Energy ......read more

Cooperation Agreement to Support Renewable Energy Projects in 16 Caribbean Island Countries…

US$50 million UAE-Caribbean Renewable Energy Fund seeks to bring energy security to Caribbean region   The UAE-Caribbean Renewable Energy Fund is one of the largest renewable energy initiatives in the Caribbean region  Abu Dhabi, UAE: 5 October, 2017:  Abu Dhabi Fund for Development (ADFD), the leading national entity for development aid, has signed an agreement ......read more

ADNOC Distribution to Open More SMART Tag Installation Centres Supported by Mobile Units Across the ...…

Four SMART Tag installation centres already operating across the UAE Mobile units are also now carrying out installations for vehicle fleets  All ADNOC Distribution service stations to convert to SMART technology in Q2’2018  Abu Dhabi, 03 October, 2017:  As part of its ‘SMART Service Stations’ initiative and introduction of cashless ADNOC Wallet-linked ......read more

ADNOC Distribution Upgrades Information Technology Systems at its Vehicle Inspection Centers…

Abu Dhabi, 02 October 2017:  ADNOC Distribution, the sole operator of light vehicle inspection centers in the Emirate of Abu Dhabi, is upgrading the information technology systems at its 21 centers across the emirate. The one-day upgrading operation will take place on Friday 6 October 2017. Consequently, service will be suspended that day at the four centers that usually operate on ......read more

Singapore's Trescorp to launch oil storage and bunker services in SOHAR.…

US$600 million deep-water terminal for 320,000dwt supertankers 45-hectare terminal will be on reclaimed land in SOHAR Port South  Two additional bunker licenses for SOHAR are in the pipeline Dubai, UAE, September 25, 2017:  In anticipation of the significant growth in petroleum trading in the GCC region, as well as growing demand for bunker services, Singapore-based Trescorp ......read more

ADNOC Distribution wins ‘UAE Superbrand' award for the fourth consecutive year…

Accolade recognizes company’s market-leading position as fuel and services provider Abu Dhabi, 25 September, 2017:  ADNOC Distribution, the UAE’s leading operator of service stations and convenience stores, has received a ‘UAE Superbrand’ award for 2017. This marks the fourth consecutive year the company has achieved Superbrand status. Mohammed Al Zaabi, Acting ......read more

Technology not a Substitute for but a Value Add to Business…

Role of technology in education and sustainability in MENA region opens  Day 2’s discussions at the Third Sharjah FDI Forum Sharjah, 20 September 2017:  The UAE Undersecretary for Foreign Trade and Industry Affairs, Ministry of Economy, HE Abdullah bin Ahmed Al Saleh opened Day 2 of the Third Sharjah FDI Forum with promising remarks on the role foreign direct investments ......read more

ADNOC Distribution launches ‘Back-to-School' promotion…

Around 100 Oasis convenience stores to feature popular school products Abu Dhabi, 18 September, 2017:  ADNOC Distribution, the UAE’s leading operator of service stations and convenience stores, has launched a ‘back-to-school’ promotion as part of a range of initiatives to help customers celebrate special events and holidays throughout the year. Around 100 Oasis ......read more

ENEC CEO Highlights Priorities of UAE Peaceful Nuclear Energy Program at WNA Symposium in London…

ENEC Executives amongst 600 nuclear energy professionals participating in World Nuclear Association (WNA) Symposium, London, UK.  ENEC CEO, Eng. Mohamed Al Hammadi, updates industry leaders on evolution of ENEC and the UAE Peaceful Nuclear Energy Program Abu Dhabi, UAE – 16 September 2017:  A senior delegation from the Emirates Nuclear Energy Corporation (ENEC), led by ......read more

ADNOC Distribution Completes the Second Phase of the Officers City Service Station Expansion in Abu ...…

The 2nd phase upgrades the existing station infrastructure and installs new fuel pump technologies The final phase will involve adjunct facility providing 8 fuel pumps and 6 rental spaces for cafes and fast-food restaurants   Abu Dhabi, 16 September, 2017: ADNOC Distribution, the leading operator of retail fueling services outlets in the UAE, today announced the completion ......read more

RAK Petroleum plc Releases Half-Year Financial Report for the Period Ended 30 June 2017…

Chairman’s Interim Report Dear Shareholders: On behalf of the Board of Directors of RAK Petroleum plc (the “Company”), I am pleased to present the Half-Year Financial Report for the period ending 30 June 2017. The Company’s fundamental objective is to generate significant total shareholder returns from investments in the oil and gas industry, with a focus on the ......read more

ADNOC Distribution expands international sales footprint…

ADNOC’s Voyager branded engine oil and lubricant to be sold in Ethiopia and Yemen Abu Dhabi, 13 September, 2017:  ADNOC Distribution, the UAE’s leading operator of retail fuel service stations and commercial fuelling services, has signed two agreements to sell its popular Voyager branded engine oil and lubricant in Ethiopia and Yemen. The new supply agreements with ......read more

UL and the GCC Laboratories Announce Joint Venture to Strengthen the Middle East's Renewable Energy ...…

Joint venture will operate as a UL and GCC Lab Company based in Dammam, Saudi Arabia. Partnership will combine resources, knowledge and expertise to expand services to the region’s renewable energy market. Dubai, September 11, 2017:  Global safety science organization, UL, has announced a joint venture with Saudi-based GCC Lab aimed at strengthening the Middle East’s ......read more

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

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