Wintershall continues on growth course
Robust portfolio ensures profitability
Positive free cash flow despite low prices
Kassel / Abu Dhabi, March 23, 2017: Wintershall is on a growth course despite the difficult conditions in the industry and attained an historic level of production in 2016 of 165 million barrels of oil equivalent (BOE). This means the company has increased its oil and gas production in the last ten years by around 50 percent. At the same time, Wintershall more than doubled its commercially recoverable oil and gas reserves in the same period from 814 million BOE to 1.62 billion BOE. “Solid foundations for further profitable growth in future too,” CEO Mario Mehren said at the company’s annual press conference and announced that the company would continue on its long-term growth ......read more
Reactor Coolant Loop (RCL) pipe welding completed, establishing new quality benchmark for global industry
Concrete pouring for containment building dome structure successfully completed
Abu Dhabi, UAE – 22 March 2017: The Emirates Nuclear Energy Corporation (ENEC) has successfully completed the welding of Reactor Coolant Loop piping and the Reactor Containment Building (RCB) dome structure for Unit 3 of the Barakah Nuclear Energy Plant.
The completion of pipe welding for the Reactor Coolant Loop has set a new global benchmark for quality in pipe welding, and the RCB dome structure marks the completion of the major construction activities for the building which houses the main components. These achievements mark another set of safe and on-time milestones in the construction of Unit 3, which is now 69 ......read more
Abu Dhabi, United Arab Emirates; March 22, 2017: EDF Group, via its subsidiary EDF Energies Nouvelles, a market leader in renewable energy electricity, has joined the Masdar-led consortium developing the 800-megawatt (MW) third phase of the Mohammed bin Rashid Al Maktoum Solar Park in Dubai.
The agreement formalising the company’s entry into the consortium was signed today by Jean-Bernard Levy, Chairman and CEO of EDF Group, and Mohamed Jameel Al Ramahi, CEO of Masdar, Abu Dhabi Future Energy Company.
His Excellency Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA), His Excellency Michel Miraillet, Ambassador of France to the UAE, and Antoine Cahuzac, Group Senior Executive Vice President for Renewable Energies at EDF Group and Chief Executive Officer (CEO) of EDF Energies ......read more
Dubai, UAE, March 22, 2017: The clock is ticking for UAE entities as they look forward to taking their place in the UAE Pavilion – one of the largest – at the International Specialized Exhibition EXPO 2017 "Future Energy", which will be held in less than 80 days’ time.
“With less than three months remaining until EXPO 2017, we are happy to announce that the preparations for the exhibition are almost over, and the participating countries are already starting to organize their pavilions”, said Akhmetzhan Yessimov, the Chairman of the Board of JSC National company Astana EXPO-2017.
The United Arab Emirates will host one of the largest pavilions at the event, spread over 980 square metres, that will feature a presence from major UAE organisations. EXPO 2017 will run from 10th June to 11th ......read more
Region outgrows global average of 2.2%
Dubai, United Arab Emirates, March 21, 2017: The petrochemical industry in the Arabian Gulf region grew at 3.7%in 2016 reaching 150 million tons of capacity, according to an annual study by the Gulf Petrochemicals and Chemicals Association (GPCA), outpacing the global average growth of 2.2%. The figures emerged from ‘Arabian Gulf Industry Year in Review’ part of GPCA’s recently released Annual Report.
Released today by GPCA, the go to resource for industry data in the region, the study highlights that the industry’s growth is largely due to new capacity added in Saudi Arabia, the region’s largest petrochemical producer with 99.1 million tons of capacity, representing a 66% share of regional capacity.
While the report highlights a fall ......read more
A surge of mega deals is approaching and will accelerate the “merger endgame” in multiple chemicals markets.
United Arab Emirates, Dubai, 21 March, 2017: Record-high M&A activity is set to transform the chemicals industry in 2017, according to A.T. Kearney’s new Chemicals Executive M&A Report. More than $300 billion of chemicals M&A deals are in the pipeline of which four pending mega deals represent 75 percent. Each of these large deals (Dow-Dupont, Bayer-Monsanto, ChemChina-Syngenta, Praxair-Linde) is valued between $40-70 billion, two to three times larger than any single deal seen in the past 10 years.
“The planned mega deals highlight a broader trend of diversified chemicals companies shifting their portfolios toward more pure play models. This shift is incentivized by the higher ......read more
Decarbonisation of global energy system, led by renewables and efficiency, would create economic gains
Berlin, Germany, 20 March 2017 — Global energy-related carbon dioxide (CO2) emissions can be reduced by 70% by 2050 and completely phased-out by 2060 with a net positive economic outlook, according to new findings released today by the International Renewable Energy Agency (IRENA). Perspectives for the Energy Transition: Investment Needs for a Low-Carbon Energy Transition, launched on the occasion of the Berlin Energy Transition Dialogue, presents the case that increased deployment of renewable energy and energy efficiency in G20 countries and globally can achieve the emissions reductions needed to keep global temperature rise to no more than two-degrees Celsius, avoiding the most severe impacts of climate ......read more
Abu Dhabi-UAE: 16 March, 2017: In keeping with its corporate social responsibilities, ADNOC Distribution announced its support for the GCC Traffic Week taking place across the GCC region from 12 to 18 March 2017. The 33rd edition of the annual traffic safety campaign is running under the theme of ‘Your Life is Trust’.
Throughout its nationwide service station network, ADNOC Distribution is seeking to raise awareness about the importance of adhering to speed limits, along with the dangers of using mobile phones behind the wheel, driving without a seat belt, and parking in spots designated for people with special needs.
Saeed Mubarak Al Rashdi, Acting Chief Executive Officer of ADNOC Distribution, said: "As a key supporter of transport and mobility operations across the UAE, ADNOC Distribution recognises ......read more
Company’s annual event from 11-12 April at Atlantis, The Palm to showcase advanced seamless digital connectivity platform - EcoStruxure™
Set to draw participation of around 2,500 attendees from Middle East and Africa
Dubai, UAE: 16 March, 2017: Schneider Electric, a global specialist in energy management and automation, is set to highlight how the future of energy management and automation is being redefined at the IoT-themed Innovation Summit on 11 and 12 April at Atlantis, The Palm in Dubai.
Currently in its fifth year, Schneider Electric’s flagship event will showcase the latest technologies providing homes, datacenters, hotels, healthcare, businesses, utilities providers and O&G operators with analytics, real-time data management and intelligence capabilities. The largest of ......read more
Bahrain Prepares to Host the Second Edition of the Middle East Heavy Oil Congress
Middle East Holds Nearly 1 Trillion Barrels of Heavy Crude Oil, accounting for nearly 30% of World Reserves: Industry Report
Kingdom of Bahrain – 13 March 2017: Technology and innovation will play an instrumental role in securing heavy oil’s valuable position in the global energy mix, according to the region’s industry experts.
Speaking ahead of the upcoming Middle East Heavy Oil Congress (MEHOC), the largest gathering of heavy oil professionals in the region, Dr Peter Bartlett, Chief Executive of the Bahrain Petroleum Company (Bapco), said overcoming the challenges associated with leveraging this complex – but invaluable – energy resource will depend on the industry’s ability to develop commercially viable ......read more
Oil prices on Thursday saw a healthy $1 rise, sparked by the reductions in production by OPEC and non-OPEC producers that came into effect on January 1st.
This shows that investors are getting on board with the commodity, despite the concerns around the American crude oil inventory, which grew from 2.9 million barrels to 488.3 million barrels in just a week, according to the US Energy Information Administration.
Balancing Supply and Demand
OPEC countries agreed to reduce crude oil production as of the start of the year in a bid to fix the oversupply that has been experienced in many parts of the world. Before these measures came into place on New Year's Day, Saudi Arabia was shipping more oil than it had since May 2003 at 8.26 million barrels per day. Even though these were the highest export levels in well over a ......read more
Bab Al Sharq Station in Mohammed Bin Zayed City Starts Operation
Abu Dhabi,UAE, March 07, 2017: ADNOC Distribution announced the opening of Bab Al Sharq ADNOC Xpress station in Mohammed Bin Zayed City in Abu Dhabi as part of phase one of its plan to open 10 such stations to service the most congested areas of the city and its suburbs.
ADNOC Xpress stations have a longitudinal ground plan featuring one island with either two or three dispensers that offer only two fuel varieties. Stations with two dispensers span an area of 600 square metres, and those with three dispensers cover an area of 800 square metres. The Bab Al Sharq station offers Special 95 and E-plus 91 in line with the findings of the company’s survey that showed most customers in the area favour these two fuel types.
Saeed Mubarak Al Rashdi, Acting Chief ......read more
Opens two new marine services stations in Abu Dhabi and Ras Al Khaimah
Move to better serve needs of fishermen and boat owners
Abu Dhabi, 05 March, 2017: In line with the initiatives of His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE, to ensure the highest quality of life for the people of the UAE and support the country’s sustainable development, Saeed Mubarak Al Rashdi, Acting Chief Executive Officer of ADNOC Distribution, opened recently Ghalila marine service station located near the Ghalila Fishermen Association in Ras Al Khaimah.
The opening ceremony was attended by Eng. Abdullah Al Neyadi, Projects Unit Head at Crown Prince Court, Munther Mohammed Bin Shekar, Director-General of Ras Al Khaimah Municipality, Eng. Ahmed Mohammed Ahmed Al Hammadi, Director General of Public Works ......read more
CEO of UAE-based DC Pro Engineering outlines the future for energy and why it is vital governments budget the use of power to save the environment
Dubai, UAE, March 2, 2017: “Global Warming is the biggest failure of the human race.” So says world-renowned energy expert George Berbari in his new book ‘The Energy Budget’, which was launched last night (Wednesday) in a grand ceremony at the RODA Murooj.
More than 250 people, including distinguished guests such as H.E. Sami Nmeir, Lebanon’s Counsel General in Dubai, Dr. Khalid Omar Al Midfa, Chairman of Sharjah Media City, municipal figures, sustainability champions and leading members of the UAE and international media, were in attendance to hear ‘The Energy Budget’ author talk passionately about what he feels is the culmination of his ......read more
ADNOC Distribution Opens Two New Xpress Stations in Abu Dhabi City
Abu Dhabi, 01 March, 2017: ADNOC Distribution announced the opening of two new Xpress stations in Abu Dhabi city as part of phase one of its plan to open 10 such stations to service the most congested areas of the city and its suburbs. The new stations are Al Qurm Xpress station, located on Sheikh Zayed Road, and Al Khubaira Xpress station, situated on King Abdullah bin Abdulaziz Al Saud Street in the Al Bateen area.
ADNOC Xpress stations have a longitudinal ground plan featuring one island with either two or three dispensers that offer only two fuel varieties. Stations with two dispensers span an area of 600 square metres, and those with three dispensers cover an area of 800 square metres. The Al Qurm and Al Khubaira Xpress stations offer Super 98 and Special ......read more
Agreement creates long-term value and will help protect ADNOC from energy market fluctuations
Abu Dhabi, UAE – February 22, 2017: The Abu Dhabi National Oil Company (ADNOC) has signed an agreement with Vitol, the world’s largest independent energy trader, for the sale of up to 528,000 tonnes per year of LPG, to Vitol, over the next 10 years.
The long-term agreement, backdated to January 1, 2017 and which will expire on the 31st of December 2026, was signed on the side-lines of International Petroleum Week (IP WEEK), taking place in London, by Abdulla Salem Al Dhaheri, ADNOC Sales and Marketing Director and Russell Hardy, a member of Vitol’s Executive Committee.
Al Dhaheri said: “ADNOC has implemented a new strategy toward its LPG sales by negotiating longer term contracts to cope with the ......read more
HE Ahmad Bin Shafar: ‘We have a firm commitment to provide the best cooling services by using eco-friendly technologies and Dubai takes a front seat in global discussions of district cooling’
Themed as “A Sustainable Future”, the conference is held in sync with International District Energy Association (IDEA)’s Board of Directors Meeting
Dubai, UAE, 21 February 2017: HE Ahmed bin Shafar, CEO of Emirates Central Cooling Systems Corporation (Empower), the world’s largest district cooling services provider, is participating in the IDEA Campus Energy 2017 which is being held in Miami, Florida, USA under the theme “A Sustainable Future”. This conference is held in sync with the IDEA Board of Directors Meeting.
HE Bin Shafar, who is a member of the IDEA Board of ......read more
Abu Dhabi, 20 February, 2017: ADNOC Distribution announced today the opening of a Vehicle Inspection Centre (VIC) for light vehicles within the Motor World service station located in the Al Shamkha area in Abu Dhabi.
The opening ceremony was attended by Saeed Mubarak Al Rashdi, Acting Chief Executive Officer of ADNOC Distribution, Brigadier Ali Khalfan Al Dhaheri, Director-General of Central Operations at Abu Dhabi Police (ADP), and a number of ADNOC Distribution and ADP officials.
The new facility provides inspection for light vehicles, as well as licensing and registration services for customers through an Abu Dhabi Police Vehicle Licensing Section office located within the premises. The VIC also incorporates branches of selected car insurance companies.
ADNOC Distribution is also set to open a car care ......read more
Concession entry valued at AED 6.5 billion
Deal strengthens strategic and economic relationship between UAE and China
Partnership will maximise onshore field value in support of ADNOC’s long-term growth objectives
Abu Dhabi, UAE – February 20, 2017: Abu Dhabi National Oil Company (ADNOC), today, signed an agreement with the China National Petroleum Corporation (CNPC), awarding it an 8% interest in Abu Dhabi’s onshore oil concession. CNPC contributed a sign up bonus of AED 6.5 billion ($1.77 billion) to enter the concession. The onshore concession is operated by the Abu Dhabi Company for Onshore Petroleum Operations (ADCO).
The agreement was signed by His Excellency Dr Sultan Ahmed Al Jaber, ADNOC Group Chief Executive Officer and member of the Supreme Petroleum Council of the Emirate of Abu ......read more
The 42nd edition of Middle East Electricity is underway with a key focus on the development and implementation of Smart Cities across the region
Dubai, UAE, February 16, 2017: Middle East Electricity (MEE), which opened yesterday at the Dubai World Trade Centre, has put innovation at the forefront of the 2017 edition, with a keen focus on smart innovations and the current market products and trends that come with it.
Hosted by the Ministry of Energy and in partnership with Dubai Municipality the event is showcasing a number of special features and content platforms designed to help the industry learn and develop in line with its goals to become smarter and more sustainable.
Speaking on the side lines of MEE, H.E. Suhail Mohammed Al Mazrouei, Minister of Energy for the UAE, said, “Middle East Electricity has ......read more
ADNOC has a disciplined focus on operational efficiency and enhanced performance
Investments, collaboration, strategic partnerships and smart funding are key to meeting nation’s rising energy demand
Cairo, Abu Dhabi, 15 February 2017: His Excellency Dr. Sultan Ahmad Al Jaber, UAE Minister of State and ADNOC Group CEO said, today, the UAE is well prepared to meet future energy challenges and maintain its position as a reliable source of oil and gas, in support of the country’s socio-economic and human development goals.
In line with the UAE leadership’s strategic goals, H.E. Dr Al Jaber said ADNOC is balancing a disciplined focus on operational efficiency and enhanced performance with the imperative to maintain targeted, investments in exploration, petrochemicals, technology and people, while ......read more
The 42nd edition of Middle East Electricity opens with a key focus on the development and implementation of Smart Cities across the region
Dubai, UAE, February 15, 2017: His Highness Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and the Minister of Finance of the UAE, officially inaugurated the 42nd edition of Middle East Electricity (MEE) in the presence of other VIP dignitaries.
The theme of Middle East Electricity this year is ‘Smart Cities’. Hosted by the Ministry of Energy and in partnership with Dubai Municipality the event will be showcasing special features designed to help the industry learn and develop in line with its goals to become smarter and more sustainable.
A new feature this year is the ‘Smart Cities Innovation Zone’. Located in Zabeel Hall 3, this dedicated ......read more
The leading eco solutions provider is showcasing its latest sustainable living concepts for the region at the three-day event
Dubai United Arab Emirates: Panasonic, a global leader in technology, is showcasing its path breaking products in the energy creation, air conditioning, and lighting segments at Middle East Electricity (MEE) 2017, region’s largest power exhibition, happening at Dubai International Convention Centre on February 14-16, 2017.
In line with governments’ efforts to encourage environmental sustainability and energy security in the region, Panasonic Marketing Middle East and Africa (PMMAF) is focusing on bringing in solutions that are ready meet the rising demand for renewable energy technologies as well as energy efficiency and electrical solutions. The Japanese manufacturer is introducing its ......read more
Sulphur production to double over next decade
Abu Dhabi, UAE – February 13th 2017: The Abu Dhabi National Oil Company (ADNOC) plans to capitalise on increased sulphur processing capabilities, by doubling production and targeting new markets in Africa, Asia, South America and Australia, according to Omar Suwaina Al Suwaidi, ADNOC’s Gas Management Director.
During his keynote speech, today, at the inaugural Middle East Sulphur Conference, Al Suwaidi said ADNOC’s clear focus is on retaining and strengthening the company’s competitive edge, and on maximising the value of the UAE’s natural resources, including sulphur, a by-product of gas processing.
Al Suwaidi said: “We produce 6 million tonnes of sulphur per year and we expect production to double over the coming decade, due to ......read more
European refineries eager to capitalize on MENA region’s rising demand by leveraging dedicated ‘Fats & Oils’ segment at Gulfood 2017
Growth in low-fat, low-cholesterol and low-calorie oils driven by health-conscious consumer demand
Dubai, UAE, February 13, 2017: An increasing appetite for olive oil is spearheading strong demand for edible oils across the Middle East and North Africa (MENA), putting the sector on track to record a 5.3 per cent compound annual growth rate by 2021, far outstripping the forecasted 3.8 per cent global average, according to Euromonitor International, the market research provider.
Euromonitor International also reported that soaring demand for olive oil, particularly in the United Arab Emirates and Saudi Arabia, is the result of an influx of Arab and Southern European ......read more
UAE Energy Minster opens Dubai leg of 2016 Intersolar World Series, as organisers brace for record crowds at Dubai World Trade Centre
Dubai, UAE, September 19, 2016: H.E Saeed Mohammed Ahmed Al Tayer, Dubai Electricity & Water Authority's Managing Director & Chief Executive Officer, officially opened Intersolar Middle East in Dubai today.
The region’s ......read more
Dubai Carbon launches the first sustainability self-assessment tool focused on capital investment markets to streamline portfolio exposure to climate change
Dubai, UAE, September 15, 2016: Dubai Carbon has launched a new version of Sustainability Self-Assessment specifically focused on measuring the risk and exposure towards socio-environmental impacts thus allowing both ......read more
Energy ministers from UAE, Jordan, Egypt confirmed as speakers
Dubai, UAE, September 14, 2016: Energy ministers and international experts representing countries and organisations with a combined 5.6 GW in installed solar power capacity – enough to power almost 1 million homes – will address the Global Solar Leaders’ Summit at Dubai World Trade Centre in ......read more
The system with 100% energy saving features has now been continuously operational for two years with a flawless success rate.
The solar lighting system has been implemented across streets in the Yas Island housing development, consisting of 488 villas for UAE nationals.
Abu Dhabi – September 08, 2016: The Emirati Housing development in Yas Island, a key project under ......read more
Tesla Energy VP to deliver remarks on the future of energy storage
Dubai, UAE, September 7, 2016: Ben Hill, Vice President for Tesla Energy – Europe & Africa will deliver a keynote presentation in Dubai on the future of energy storage and how batteries can revolutionise the solar industry at Intersolar Middle East, on 20 September 2016.
The global market ......read more
Technology helping to meet growing domestic demand for transportation fuel
Refiner also leveraging Honeywell Process Solutions control technology
Dubai, UAE, September 7, 2016: Honeywell (NYSE: HON) UOP announced that Turkey’s largest oil refiner is using Honeywell technology to boost diesel fuel production at its facility in Izmit, Turkey.
Tüpraş, the country’s ......read more
Ajman UAE, August 30, 2016 - Emvees Waste Water Treatment LLC is delightfully announcing the launch of fully featured website www.emveestech.com. The new website exclusively showcases series of content that exhibits Emvees new technical services and advance technology that offers to the respective clientele.
The new website is designed to inform the industrial and commercial sectors about the ......read more
Abu Dhabi, United Arab Emirates, August 28, 2016: The Middle East Smart Lighting and Energy Summit, the leading lighting and energy summit in the region, held under the patronage of Abu Dhabi City Municipality, today announced that Philips Lighting has joined the summit as a Gold Sponsor. The fifth edition of the summit is scheduled to be held on 26-27 September at Jumeirah at Etihad Towers, Abu ......read more
Commodity strength comes as USD weakens
Massive short-covering rally drives oil back to $50/b
All eyes on Fed chair Yellen's Jackson Hole address
More downside likely for gold; support at $1,300/oz
Mission accomplished? The recent, short-driven spike in oil prices has possibly returned crude prices to Opec's comfort zone. Photo: iStock
Dubai, UAE, August 21, 2016: ......read more
Made in the UAE student-designed fuel efficient cars of the future to compete at Shell Eco-marathon Asia, to be held in Singapore for the first time in 2017
Dubai, UAE, August 18, 2016: Singapore will play host to the inaugural edition of Shell’s Make the Future festival, featuring Shell Eco-marathon Asia at which students from across the UAE will participate with their Made ......read more
Latest milestone reached for unit 3 at Barakah
Unit 3 now over 54% complete
Steam generators play a key role in converting energy into electricity
Abu Dhabi, UAE, August 17, 2016: The Emirates Nuclear Energy Corporation (ENEC) has announced the successful installation of its Unit 3 Steam Generators (SGs), marking another safe and on-time milestone in the development of the ......read more
Intersolar World Series to provide insights on global best practices
Dubai, UAE, August 7, 2016: Inspiring a new generation of leaders and leveraging the enormous opportunity for job creation within the solar industry will be a major part of the Dubai leg of the Intersolar World Series, when the event makes its debut in the region later this year.
Held under the patronage of His ......read more
‘Safety! It’s in Your Hands’ Drive to Run from 8 August to 29 August 2016
Abu Dhabi, UAE, August 7, 2016: ADNOC Distribution has announced the launch of a special safety campaign titled ‘Safety: it’s in Your Hands’ to raise public awareness on the correct ways of transporting, handling, and using Liquefied Petroleum Gas (LPG) cylinders and their ......read more
IFS, the global enterprise applications company, announces that Seychelles Petroleum has chosen the IFS Applications™ 9 Enterprise Resource Planning (ERP) suite as its business management platform of choice. The oil company will be replacing its legacy systems with IFS Financials, Maintenance, Supply Chain Management, Quality Management, CRM, HR & Payroll, and BI modules.
Once ......read more
Abu Dhabi, UAE, August 2, 2016: The Director-General of the International Renewable Energy Agency (IRENA) Adnan Z. Amin received His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates and Ruler of Dubai, and H.E. Dr. Sultan Al Jaber, UAE Minister of State and Chairman of Masdar at the Agency’s headquarters in Abu Dhabi ......read more
New Gutor PXC helps bridge product gap between industrial UPS for soft environments and customized UPS solutions for harsh environments
Ideal for oil and gas exploration and production sites, marine and offshore applications
Turnkey solution protects critical equipment and applications, can be deployed in dramatically shorter time frame and at lower cost
Dubai, UAE, August 1, ......read more
Higher renewables share would reduce CO2 emissions by 23% and save billions of dollars
Dubai, UAE, July 28, 2016: The Dominican Republic can increase the share of modern renewable energy in its energy mix from 9 to 27 per cent by 2030, according to a new report launched today by the International Renewable Energy Agency (IRENA). Renewable Energy Prospects: Dominican Republic, ......read more
Second quarter 2016 highlights
• Total LED-based sales growth of 25%, representing 53% of total sales
• Seventh consecutive quarter of year-on-year improvement in operational profitability
o adjusted EBITA of €161 million (Q2 2015: €139 million)
o adjusted EBITA margin of 9.3% (Q2 2015: 7.5%)
• Net income of €57 million, includes ......read more
Dubai, UAE, July 27, 2016: In line with the Saudi Vision 2030 and Saudi Aramco’s In-Kingdom Total Value Add (iktva) program, Siemens delivered the first shipment of its locally produced gas turbines to the Integrated Gasification Combined Cycle (IGCC) power plant in Jazan. This is the world’s largest power plant of its kind that will be fueled with gasified refinery ......read more
Abu Dhabi, UAE, July 24, 2016: The Emirates Nuclear Energy Corporation (ENEC) and Korea Hydro & Nuclear Power (KHNP) have signed an Operating Support Services Agreement (OSSA) at a ceremony held at ENEC’s headquarters in Abu Dhabi in the presence of senior management representatives from both companies. Under the agreement, KHNP will dispatch experienced and qualified nuclear ......read more
Another safe and on-time milestone reached at the UAE’s first nuclear energy plant
Third Reactor Vessel safely installed
Abu Dhabi, UAE, July 21, 2016: The Emirates Nuclear Energy Corporation (ENEC) has announced the completion of yet another milestone in the development of the country’s first nuclear energy plant, with the successful installation of its Unit 3 ......read more
New Operating Hours To Better Meet Customer Requirements at Abu Dhabi Main Inspection Centre and Mahawi, Al Samha and Al Ain Main Centre
Abu Dhabi-UAE: 19 July, 2016: ADNOC Distribution today announced that beginning 1 August, 2016 a number of its vehicle inspection centres will operate on Fridays and Saturdays from 9am to 5pm in a bid to meet the dynamic requirements of ......read more
The UAE-based company aims for KSA to make up 50 per cent of its total revenue following an exclusive agreement with the Saudi Technology Development and Investment Company subsidiary
Dubai, UAE, July 19, 2016: UAE-based DC Pro Engineering – a global leader in District Energy, Co-Generation, Tri-Generation and sustainability in Green Building MEP designs, has partnered with TAQNIA ......read more
Operating in more technically challenging physical environments, increased cyber-security and vulnerability to reclamation obligations are seen as top threats
Dubai, UAE, July 18, 2016: Difficulties arising from operating in more technically challenging physical environments is the number one risk on the minds of executives in the natural resources industry in the MENA region, according ......read more
UAE, July 18, 2016- Drake & Scull International PJSC, (DSI PJSC), a regional market leader in the integrated design, engineering and construction disciplines of General Contracting, Mechanical, Electrical and Plumbing (MEP), Rail & Infrastructure, Oil & Gas, and Water & Wastewater Treatment, has announced that it has been awarded a AED 226 million engineering, procurement and ......read more
Abu Dhabi, UAE, July 2, 2016: Before entering commercial operation, nuclear energy plants undergo extensive testing to verify that all components and systems operate efficiently, reliably and as designed. Tests of the Barakah Nuclear Energy Plant, located in the Western Region of the Emirate of Abu Dhabi, are underway and are conducted in line with international standards and best ......read more
IRENA-led toolkit for renewable energy deployment moves to mobilise finance, reduce costs and chart renewable potentials
Dubai, UAE, June 30, 2016: Energy Ministers and other senior officials recognised recent progress to scale up renewable energy and examined opportunities for even greater action today on the sidelines of the G20 Energy Ministers meeting in Beijing. Before the start of ......read more
According to Dubai Carbon’s awareness campaign, an average person in the UAE generates 5.4kg of waste a day during Ramadan, most of it from food waste
Dubai, United Arab Emirates: Food wastage is one of the most critical problems the region faces, especially during Ramadan. The demand for meat during the holy month increases by almost 50%, similar is the fate of other related food items ......read more
Sharjah, UAE, June 28, 2016: India’s Radiant Group will start an oil distillation plant in Hamriyah Free Zone by the middle of next year.
"We have leased 107,639 square feet of land in phase-two of Hamriyah Free Zone and the construction of our factory will start soon”, Vibhor Gupta, Managing Director of Radiant Overseas FZC said after signing the lease ......read more
TA’AZ Security 141 named for outstanding performance in southern Iraq oil field
Dubai, UAE, 28/6/2016 - Citing Professional Performance, Team Integrity, Work Spirit, and Continual Contributions from TA'AZ Security 141 operating for Great Wall Drilling Company (GWDC) Iraq-Branch Rumaila Project, the GWDC awarded TA’AZ Security 141 earlier this month as the company ramps up oil ......read more
The development of nuclear energy supports the UAE’s energy diversification strategy
New HQ streamlines ENEC and Nawah’s corporate functions into one location
Abu Dhabi, UAE – 26 June 2016: The Emirates Nuclear Energy Corporation (ENEC) and its operating subsidiary, Nawah Energy Company (Nawah), commemorated the move to new headquarters in Masdar City with an inaugural ......read more
Dubai, UAE, June 22, 2016: CHECKPOINT Pumps and Systems FZE, a leading supplier of custom pumping solutions and chemical injection systems for the oil industry announced an upward trend in the utilization of rental solutions across the region. The company has experienced an incredible 20% year-on-year growth in the take-up of their rental packages as operators reformulate their ......read more
PA Consulting Group analysis says developing human capital, economies and reforming business of governments is key to surviving oil crisis
Abu Dhabi, UAE, 21 June 2016: The UAE can achieve a whole new level of excellence and prosperity by making innovation a highlight of its strategic direction in a Post-Oil era, according to a new market analysis issued today.
The report by PA ......read more
Dramatic price drops for solar and wind electricity set to continue as cost reduction drivers shift
Abu Dhabi, U.A.E., 15 June 2016 – The average costs for electricity generated by solar and wind technologies could decrease by between 26 and 59 per cent by 2025, according to a report released today by the International Renewable Energy Agency (IRENA). The report, The Power to ......read more
More than 1,400 UAE-based companies now contributing to the construction of the country’s first nuclear energy plant
Significant achievement for local companies in raising quality standards to international nuclear industry levels
Abu Dhabi, UAE – 13 June 2016: The Emirates Nuclear Energy Corporation (ENEC) has announced contracts with UAE- based companies totaling ......read more
Group CEO Saif Humaid Al Falasi assumes post from IPIC’s Khalifa Abdulla Al Romaithi
Dubai, UAE, June 13, 2016: H.E Saif Humaid Al Falasi, CEO of the Emirates National Oil Company (ENOC), Dubai Government’s wholly owned company, has been announced as the new Chairman of Gulf Energy Maritime PJSC (GEM).
In accordance with the shareholders’ agreement, the ......read more
Turnkey logistics & sales support in South African market
Athens, 7 June 2016 – Global shipping, logistics and marine services provider GAC has announced an exclusive partnership between its bunker fuels trading arm GAC Bunker Fuels (GBFL) and ENOC Global Marine.
Under the agreement, which was announced during the Posidonia international shipping event in Athens, GBFL has been ......read more
UAE, Abu Dhabi – 6th June, 2016: A new report by REN21 shows record growth in renewable energy generating capacity, especially in developing countries.
According to the REN21 Renewables 2016 Global Status Report, these results were driven by several factors:
Renewables are now cost competitive with fossil fuels in many markets;
Government leadership continues to play a key ......read more
How you can improve your sustainability efforts
Sustainability self assessment tool launched on World Environment Day to encourage entities to assess and identify opportunities for improving sustainability efforts
Dubai, United Arab Emirates: Get the most out of your sustainability efforts. World Environment Day was marked by the introduction of an online sustainability self-assessment ......read more
ENEC Board of Directors appoints Mohammed Sahoo AlSuwaidi as Nawah acting CEO
Abu Dhabi, UAE – June 5, 2016: The Emirates Nuclear Energy Corporation (ENEC) announced today the initiation of the formation of its operating subsidiary, Nawah Energy Company (Nawah).
A wholly-owned ENEC subsidiary, Nawah has been mandated to safely operate and maintain Units 1 to 4 in Barakah in ......read more
Dubai, UAE, June 4, 2016: Governments and private sector corporations will collaborate to scale up renewable energy in support of the Paris Agreement under a campaign launched today at the seventh Clean Energy Ministerial (CEM) meeting in San Francisco. The Corporate Sourcing of Renewables Campaign will build partnerships to increase the number of companies committed to sourcing ......read more
CompanypredictsIoT will trigger nextwaveof enterprise digital transformation
Forward-looking GCC governments encourage industries and businesses to get IoT-ready and leverageits uses towardsenergymanagement
Dubai, UAE, May 29, 2016: Schneider Electric, the global specialist in energy management and automation, recentlyunveiledits IoT 2020 Business Report, outlining the company’s ......read more
GCC Countries Look Offshore to Boost Oil and Gas Production;
Abu Dhabi On Track with USD 25 Billion Offshore Investment
ADIPEC 2016 Prepares to Host Region’s Largest Waterfront Offshore & Marine Zone, with more than 100 Exhibitors
Global Offshore Drilling Rigs Industry Expected to Reach USD 102 Billion by 2019: Industry Report
Abu Dhabi, UAE – 24 May 2016 – ......read more
On the eve of IRENA’s 11th Council meeting, IRENA celebrates five years of advancing the renewable energy solution
Abu Dhabi, UAE, May 24, 2016 – Tonight at its headquarters in Masdar City, the International Renewable Energy Agency (IRENA) gathered Member State representatives, international stakeholders and local leaders to celebrate its fifth year of operations. Since its first ......read more
Abu Dhabi-UAE: May 23, 2016 – Smart Home Show, a unique event dedicated to promoting energy conservation in the emirate of Abu Dhabi, brought the curtains down on a highly successful second edition at Al Ain Convention Centre that drew thousands of visitors across a four-day run.
Organized by Al Ain Distribution Company (AADC), the event received high interest from various segments of ......read more
The initiative is to be delivered in partnership with the Federal Electricity and Water Authority (FEWA), global experts in utility matters
Programme represents a new chapter in international development approach by Abu Dhabi Fund for Development that represents cutting-edge international thinking
Abu Dhabi, May 22, 2016 : The Abu Dhabi Fund for ......read more
New Era for Leading Energy and Facilities Management Services Company
Dubai, UAE, May 19, 2016: Enova, one of the region’s leading providers of multi-technical and energy management services, has announced a major expansion plan with the signing of an MOU between Enova’s two shareholders: Veolia and Majid Al Futtaim Ventures. On the same day, ......read more
Abu Dhabi, Dubai-UAE: 18 May, 2016 – Abu Dhabi National Oil Distribution Company (ADNOC Distribution), Emirates General Petroleum Corporation (Emarat) and Emirates National Oil Company (ENOC) confirm that news reports recently published on some websites and social media platforms announcing the launch of a new fuel delivery service in the UAE are false.
This statement comes after ......read more
Latest Green Leadership Series Discusses Outcomes of Paris Agreement and its Impact on Public- Private Partnerships in the UAE
Dubai United Arab Emirates: In line with the UAE’s signing of the Paris Agreement at the Climate Conference COP21, the latest edition of Dubai Green Leadership Series (GLS) organized by Dubai Science Park and Dubai Green Economy Partnership discussed ways to ......read more
The exclusive conference unleashed best practices and innovative techniques to optimize the life of oil & gas pipeline community.
Abu Dhabi, May 17th 2016: Tackling pipeline design, engineering and project challenges, key stakeholders of the Oil and Gas industry evaluated opportunities offered by new lucrative markets and emerging technologies at the Middle East Pipetech ......read more