By Ole Hansen
Head of Commodity Strategy / Saxo Bank
Commodities markets have seen big swings during the past month
Farm commodities under pressure from supply overhang and speculative selling
Precious metals surged around Easter on spike in geopolitical concerns
Gold is back testing key resistance, but could be in for short-term correction
Surprise jump in US gasoline stocks rattled oil-market bulls
Big commodity swings have been witnessed during the past month, not least in the farm sector where bloated global stocks and the prospect of another bumper year — weather permitting — have led to heavy selling by hedge funds across both soft commodities and grains. The latter have been hit particularly hard with a net short now seen in all of the key crops.
Industrial metals are on track for a second ......read more
Global CO2 emission to reach 43 Billion tonnes by 2040
Hydrogen to play a key role in resolving the energy storage dilemma
UAE - 18 April 2017
Towns, cities and individuals must be held accountable for the energy they consume and should be rewarded and penalized accordingly, George Berbari, one of the world’s foremost voices on district cooling technologies told the prestigious District Cooling Stakeholders Summit, in Dubai yesterday (18 April 2017).
Berbari, founder of UAE-based district cooling consultancy DC PRO Engineering, and author of the thought-provoking ‘The Energy Budget’ – which outlines a self-financing long-term solution to tackle climate change – outlined that with CO2 emissions expected to reach 43 billion tonnes globally by 2040, it is crucial that municipal official, government ......read more
Contest promotes innovation among business and engineering students
Winning team to visit Schneider Electric’s global facilities, receive employment offers from company
Dubai-UAE: 17 April, 2017 – Schneider Electric, the global specialist in energy management and automation, has launched the seventh edition of ‘Go Green in the City,’ its annual global challenge for business and engineering students that promotes innovative energy management ideas for smart cities.
Business and engineering undergraduate and post-graduate students from all over the world can join the competition until 12 May, 2017. Teams must submit a case study illustrating their ideas for innovative energy management solutions in cities related to one of the four topics: Strategy and Technology, Cooling Solutions, Energy ......read more
Empower announced recently a saving of 1000 MW of electricity, which is equal to AED 2.6 billion, as a result of using its district cooling services in 2016
Dubai, UAE, April 17 2017: Emirates Central Cooling Systems Corporation (Empower), world’s largest district cooling services provider, underlined the importance of district cooling as an environment-friendly alternative to conventionalair-conditioning. The company emphasised the importance of district cooling to real estate developers ahead of the upcoming Cityscape Abu Dhabi2017, one of the largest and most significant real estate events, which will take place at the Abu Dhabi National Exhibition Centre (ADNEC)from April18th to 20th 2017.
"District cooling is the need of the hour. It paves the way for economic advancements. The UAE is making remarkable ......read more
- Over 100 UAE Ambassadors briefed on the UAE Peaceful Nuclear Energy Program
- Delegation witnessed the exceptional progress made at Barakah
Abu Dhabi, UAE – 15 April 2017: The Emirates Nuclear Energy Corporation (ENEC) and Nawah Energy Company (Nawah) welcomed 117 of the UAE’s overseas diplomats to the Barakah Nuclear Energy Plant during a tour of the project, which included a briefing on the UAE’s Peaceful Nuclear Energy Program and the latest construction and commissioning milestones.
The UAE Ambassadors and Heads of Missions Abroad were hosted by ENEC CEO, Mohamed Al Hammadi, Acting CEO of Nawah Energy Company, Mohammed Sahoo Al Suwaidi, Barakah One Company CEO, Nasser Al Nasseri, ENEC’s Deputy CEO Ahmed Al Rumaithi, and other senior ......read more
ENGIE, through its subsidiary International Power SA, has been qualified in the first round of the tendering process for two renewable energy projects in Saudi Arabia. ENGIE is among the 27 companies selected for a 300 MW solar photovoltaic project, and among the 24 companies selected for a 400 MW wind farm. The shortlisted companies have been selected from a total of 128 applications.
The 300 MW solar photovoltaic project will be developed in the Sakaka area in the northern Al Jouf Province. The 400 MW wind farm will be built in the Midyan coastal area in Tabuk Province, which is also in the north. Both projects will be backed by long-term power purchase agreements (PPAs), i.e. 25 years for Solar PV and 20 years for Wind. The request for proposal process will be launched on 17 April, on the occasion of the Saudi Arabia Renewable ......read more
Abu Dhabi, UAE, April 11, 2017: ADNOC Distribution has announced a reduction of the retail price of unsubsidised LPG cylinders for the month of April 2017 in all service stations in the UAE.
As per the announcement that is set on the 10th of every month, the new reduced retail price is as follows: AED 52 per 25lb, reduced from the earlier marked retail price of AED 58; AED 104 per 50lb, reduced from the earlier marked retail price of AED 116; and AED 208 per 100lb, reduced from the earlier marked retail price of AED 232.
Saeed Mubarak Al Rashdi, Acting Chief Executive Officer of ADNOC Distribution, said: “Our competitive LPG cylinder prices are re-evaluated every month bearing in mind the interests of consumers and household customers in the UAE while taking into account fluctuations in international prices for the ......read more
- Sultan Ahmad Bin Sulayem: CNPC’s move reinforces the company’s presence in Middle East markets and consolidates Jafza’s position as a regional hub for the oil and gas sector.
- Zhu Junfeng: New headquarters brings together 16 organisations in CNPC Group under one roof
Dubai, United Arab Emirates,11 April, 2017: Jebel Ali Free Zone (Jafza), a DP World Company and the UAE’s flagship trade and logistics hub for the Middle East region and Africa and the China National Petroleum Corporation (CNPC), the largest integrated energy company in China, have signed an agreement to establish CNPC’s regional headquarters in Jafza to serve its customers in the Middle East.
The agreement was signed between Mohammed Al Muallem, CEO of Jafza and ......read more
• Construction in full swing on Oman’s second largest power plant
• Commercial operation to commence in less than two years
• Gas turbine project with capacity of over 1,700 Megawatts
06 April 2017 - Dubai UAE: Work is progressing fast on the construction of SOHAR III, a green-field, integrated combined-cycle gas turbine power plant located in SOHAR Port. The project is valued at over US$1 billion and is on track to commence commercial operations by January 2019. With more than enough capacity to power new developments in the recently announced SOHAR Port South and SOHAR Freezone Phase II expansions, the new plant will have a power output of over 1,700 Megawatts, making it Oman’s second largest power station.
Developed by Shinas ......read more
Empower accentuates the importance of implementing a less expensive and greener alternative to air conditioning to reduce energy consumption and carbon emissions
Dubai, UAE - 5 April, 2017: Emirates Central Cooling Systems Corporation (EMPOWER), the world's largest district cooling service provider, accentuated the importance of implementing a less expensive and greener alternative to air conditioning, such as District Cooling Solutions (DCS) tooptimise climate change and reduce energy consumption and carbon emissions. The announcement was made on the occasion of the “Sustainable Energy for all forum” in New York, United States. The international forum supports the efforts to enhance sustainability and energy saving all over the world.
A report titled ‘UAE Climate Change Risks & ......read more
Purchase is significant step in firm’s global expansion
Dubai-UAE: 4 April, 2017 – The BB Energy Group (BB Energy) today announced that it has purchased Pioneer Energy, Morgan Stanley’s diesel terminal in Australia, via its wholly owned subsidiary Wala B Terminal Holding PTY Ltd. In line with BB Energy's ongoing global expansion, the acquisition is the company’s first in Australia.
Pioneer Energy owns the largest diesel terminal in Mackay, Queensland that comprises three storage tanks, each with a capacity of 25,000 cubic metres. It is the only fuel terminal in the Australian port city that incorporates marine loading arms for safe, efficient and fast vessel discharge at 3,600 cubic metres per hour.
With a strong commitment to sustainability, the Mackay terminal is ......read more
Abu Dhabi - UAE; April 2, 2017 -- Saudi Arabian Oil Company (Saudi Aramco) today signed two separate Memorandums of Understanding with Abu Dhabi National Oil Company (ADNOC) and with Masdar, Abu Dhabi’s renewable energy Company, covering energy and technology collaboration, renewables, and carbon management.
Under the terms of the MoU between ADNOC and Saudi Aramco, the two companies will collaborate on identifying technologies that could deliver improved operational performance and efficiency across the oil and gas value chain.
The MoU was signed by H.E. Dr Sultan Ahmed Al Jaber, UAE Minister of State and ADNOC Group CEO and Amin H. Nasser, President and CEO of Saudi Aramco.
H.E. Dr Al Jaber said: “The United Arab Emirates and the Kingdom of Saudi Arabia have strong bilateral ties built on fraternity, ......read more
Dubai, UAE, 28 March, 2017: Emirates Maritime Arbitration Centre (EMAC) will be attending the 10th International Fujairah Bunkering & Fuel Oil Forum as a function sponsor. Taking place on 27 to 29 March at the Al Diar Siji Hotel in Fujairah, the annual event is held under the patronage of His Highness Sheikh Hamad bin Mohammed Al Sharqi, Ruler of Fujairah & Member of the UAE Supreme Council. Through the leadership of H.E. Dr. Mohammed Saeed Al Kindi, the Chairman of the Fujcon Steering Committee and EMAC board of trustee member, the conference brings together maritime stakeholders from all corners of the bunker trade.
Considered the Middle East’s most important bunkering forum, FUJCON is the anchor event held during Fujairah Bunkering Week, a dedicated professional training week comprising a conference, ......read more
Renewable resources lead the way in smart approach to sustainable development
Dubai, UAE, March 27, 2017: In today’s era, smart energy solutions are a prerequisite for the socio-economic development of the country. The smart energy solutions not only provide access to affordable, reliable, sustainable and modern energy solutions, but also drive the country towards its sustainable development goals. In wake of the above, the inaugural edition of ‘Future Cities Show’ in Dubai, UAE, which runs from April 2nd -4th, will shed light on smart energy solutions.
Future Cities Show 2017 is a global platform for companies and organisations engaged in developing an advanced infrastructure all over the world. It will attract big investors and those who have creative and innovative ideas to build future cities from economic, ......read more
Schneider Electric’s Gulf leadership team participates in knowledge exchange with USC students
Dubai, UAE: 26 March, 2017: Schneider Electric, a global leader in energy management and automation, hosted a delegation from the University of Southern California (USC), one of the world’s leading private research universities based in Los Angeles, in early March 2017 at its offices in Dubai.
Schneider Electric is one of five leading companies in the UAE that have been collaborating with graduate students at the Marshall School of Business at USC on field projects exploring emerging issues as part of an experiential MBA programme.
The course, developed and taught by Omar El Sawy, Kenneth King Stonier Professor of Business Administration at USC, focuses on digital business strategies for sustainability in dynamic ......read more
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 10th ......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
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
Abu Dhabi, UAE – 17 May 2016: The Emirates Nuclear Energy Corporation (ENEC) announced the approval by the ENEC Board of Directors of the formation of Nawah Energy Company (Nawah) as ENEC’s wholly-owned operating subsidiary. Nawah will be mandated by ENEC to safely operate and maintain Barakah Units 1-4.
The ENEC Board of Directors mandated ENEC management to proceed with the ......read more
Smallest wireless power meter which revolutionizes energy meters in electrical panels now available in the Gulf
Dubai, UAE, May 16, 2016 – Schneider Electric, the global specialist in energy management and automation, has launched PowerTag®, the smallest wireless power meter available, designed to enhance the monitoring and security of electrical assets, in the Gulf ......read more
Operations will commence in the new location by the beginning of 2022
Abu Dhabi-UAE: 16 May, 2016 – In line with Abu Dhabi Vision 2030, which is aimed at creating an effective shift in the Emirate’s economy and to achieve greater integration with the global economy; ADNOC Distribution and Abu Dhabi Ports signed a Mustaha agreement yesterday. The new agreement aims to ......read more
Dubai, UAE, May 14, 2016: AlMansoori, the leader in oilfield services in the Middle East, has enhanced its senior management team with the appointment of three key personnel to its operations.
Mousa Kiwan has been appointed as corporate supply chain manager for AlMansoori Specialized Engineering, while Erhan Saygi has been announced as marketing and integrated service manager for ......read more
65% of respondents expect to spend less on projects than last year
Dubai, UAE, May 11, 2016: According to a new survey released by PwC Middle East, capital projects and infrastructure has been greatly impacted by slowdowns and deferrals of government spending as a result of ‘lower for longer’ oil prices.
PwC Middle East’s survey titled “Delivering ......read more
- ENEC CEO, Mohamed Al Hammadi and senior officials to host forums to highlight the importance of nuclear energy and the progress being made at the Barakah Nuclear Power Plant
Abu Dhabi, UAE – May 11, 2016: Emirates Nuclear Energy Corporation (ENEC) will host public forums at Baynounah Institute of Science and Technology, in Abu Dhabi’s Western Region on Monday 16th May, ......read more
Dubai, UAE, May 9, 2016: GCC SERVICES was named the Gold Award winner for the fourth consecutive year in the Facility and Maintenance category of the American Society of Safety Engineers Gulf Cooperation Council Health, Safety and Environment (ASSE-GCC HSE) Excellence Award 2016. GCC SERVICES has won this prestigious award in recognition of excellence in the fields of health and safety, CSR ......read more
Abu Dhabi-UAE: May 07, 2016 – Committed to encourage several of its departments, ADNOC Distribution held its annual ceremony yesterday to award the winners of its third Health, Safety and Environment (HSE) Award programme. This year’s initiative saw an increase of 57% from last year, having had 58 submissions this year as opposed to 37 last year.
The ceremony was attended by ......read more
Shah Field Sour Gas project largest of its kind in the world
Abu Dhabi, UAE – 27 April, 2016: His Highness Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, officially inaugurated, today, ADNOC’s Al Hosn Sour Gas Development Project, the largest of its kind in the world. H.H. Sheikh Mohammed was ......read more
Dubai, UAE, April 27, 2016: A memorandum of understanding (MoU) was today (Wednesday 27 April) signed to strengthen occupational safety and health competence in Oman’s oil and gas sector.
The agreement between the Institution of Occupational Safety and Health (IOSH) and the Oman Society for Petroleum Services (OPAL) cements the working relationship between the two ......read more
Forum demonstrates ENEC’s continual commitment to safety
International expertise embedded within ENEC
Abu Dhabi, UAE – 27 April 2016: The Emirates Nuclear Energy Corporation (ENEC) organized a presentation by international experts on safety in nuclear energy. Naohiro Masuda, the President and Chief Decommissioning Officer of Fukushima Daiichi Decontamination and ......read more
United Arab Emirates; April 20, 2016 – ENEC – the Emirates Nuclear Energy Corporation – is keen to ensure that international companies, in particular French companies, in the nuclear sector take a more active role in the upcoming calls for tender for the Barakah power plant project, in particular in respect of operations and maintenance. With this in mind, from 26 to 28 April ......read more
CheckPoint Pumps & Systems announced the introduction of a value-for-money chemical pumping solution for the first time in the Middle East. The new pump is both environmentally friendly and harnesses solar power to reduce emissions.
CheckPoint’s Series FXS Solar Injection System is designed to provide continuous chemical injection and precise flow control without the use of timers. ......read more
Facility will be even better placed for targeted and effective renewable energy investments in developing countries through $6m of technical and administrative support from Abu Dhabi Fund for Development over next four years
Abu Dhabi, UAE, 19 April, 2016 – Abu Dhabi Fund for Development (ADFD) has signed a new cooperation and support agreement with the International Renewable Energy ......read more
The First Day of the conference showcased best-practices of the industry.
Dubai, UAE, April 19, 2016: Plant Maintenance and Reliability is significantly important to reduce the overall operating cost, while boosting the productivity of the plant. In lieu of the same, Neft Management in collaboration with a committee of regional and international oil company representatives ......read more
Unit 2 Reactor Containment Building Dome Structure Completed
Installation of the Post-Tensioning System underway
Abu Dhabi, UAE – 19 April 2016: The Emirates Nuclear Energy Corporation (ENEC) today announced the completion of the construction of the concrete dome for the Unit 2 Reactor Containment Building (RCB), another major achievement in the development of the UAE’s ......read more
As a result of facilities maintenance for service stations
Abu Dhabi-UAE: 17 April, 2016 – ADNOC Distribution today announced the temporary closure of its Al Abraj service station located in the King Faisal Street at Al Butain area in the Emirate of Umm al-Quwain. The closure, which commenced as of today 17 April and will last up to a maximum of 20 days, comes as part of the ......read more
As part of its commitment to providing the best services in Abu Dhabi
Abu Dhabi-UAE: 12 April, 2016 - ADNOC Distribution today announced the opening of the new Al Manara service station, located near Mazyad Mall in Mohammed Bin Zayed city, Abu Dhabi. The company has recruited all its capabilities and expertise to provide the station with the services and facilities needed to meet the ......read more
Dubai, 12th April, 2016: Mr. Dharmendra Pradhan, Minister of State (Independent Charge) for Petroleum and Natural Gas, Government of India addressed UAE business leaders at a gathering held on 11th April, 2016 at the Taj Dubai. The event was also attended by a delegation from the Energy sector in India including CMDs from the Indian Oil Corporation, Hindustan Petroleum, Oil India Limited and ......read more
World Nuclear Fuel Cycle Conference 2016 held in UAE capital
ENEC lead sponsor of conference
Abu Dhabi, UAE – 07 April 2016: The Emirates Nuclear Energy Corporation (ENEC) provided a project update on the status of the UAE peaceful nuclear energy program and the Barakah site to international nuclear industry leaders attending the inauguration of the World Nuclear Fuel Cycle (WNFC) ......read more
• Earnings in 2015 significantly below previous year owing to price developments
• High production target for 2018 remains unchanged
• Further developments in UAE and the ME
• Expenditure will decrease considerably in 2016
Abu Dhabi, 7 April 2016. Wintershall made a profit of more than 1 billion euros in 2015 for the fifth year in a row – ......read more
The conference and exhibition witnessed more than 500 government and industry attendees and representatives of Oil & Gas sector.
Dubai, UAE, April 6, 2016: Held under the Patronage of HRH Prince Dr. Turki Bin Saud Bin Mohammed Al Saud, The Manufacturing Conference & Exhibition for Oil & Gas (MAF 2016) commenced on an upbeat note at the Crowne Plaza, Dubai, United Arab ......read more
Dubai, UAE: In the presence of HE Saeed Mohammed Al Tayer, Vice Chairman of the Dubai Supreme Council of Energy (DSCE), MD and CEO of Dubai Electricity and Water Authority (DEWA), and Chairman of the World Green Economy Summit (WGES), DEWA organized, in collaboration with Dubai Carbon Centre of Excellence (DCCE) and United Nations Development Programme (UNDP), a ceremony to honor organizations ......read more
• 33.4 project developed by Phanes Group and partners, will generate 50,000MWh per year
• PV solar output of the country will have increased fivefold by end of 2016
• Model project for solar ‘bankability’ in complex emerging markets
Dubai - UAE, March 31, 2016: Monte Plata, a 33.4 megawatt (MW) photovoltaic solar array located on the Dominic Republic ......read more
Masdar Institute Partners to Create 3D Images and Simulations for Improved Oil Recovery
Abu Dhabi-UAE: 30 March, 2016 – The Digital Rock Physics (DRP) project, a research and development (R&D) collaboration with partners including Abu Dhabi National Oil Company (ADNOC), French energy firm Total, Masdar Institute of Science and Technology, and the Petroleum Institute, has won the Oil ......read more
Participants from around the world to participate in key nuclear energy conference in Abu Dhabi
30 March 2016 – Abu Dhabi, UAE: Under the Patronage of H.H. Sheikha Fatima bint Mubarak, Supreme Chairwoman of the Family Development Foundation, President of the General Women’s Union, Chairwoman of Motherhood and Childhood Supreme Council, ENEC has announced that Abu Dhabi will host ......read more
Abu Dhabi-UAE: 24 March, 2016 – ADNOC Distribution has launched an initiative to encourage female customers to register for ADNOC Wallet accounts. As part of the drive, eight female promoters have been commissioned to the four service stations participating in the pilot phase of the programme from 22 March to 21 April 2016.
The promoters will work in morning and evening shifts to help ......read more
UAE government’s restructuring is timely and will impact the economy positively, says London Business School expert
Dubai, UAE, 22 March 2016: According to Vasiliki Kostami, Assistant Professor of Management Science and Operations at London Business School, the UAE’s recent government restructuring initiative has come at the right time and will provide a boost to the national ......read more
IRENA Director-General: “Deploying renewable energy to schools gives students a reason to learn about sustainability in an academic environment.”
Abu Dhabi, UAE, 21 March 2016 – Germany’s Foreign Minister Dr. Frank-Walter Steinmeier and Minister for Economic Affairs and Environment Sigmar Gabriel congratulated Students-Research-Network South Wuerttemberg (SFZ) for ......read more
Shams General Manager: “Shams 1 will continue to provide a world-leading, technologically advanced template for the effective use of solar power”
Abu Dhabi, UAE, 16 March 2016 – Today marks the third anniversary of the start of the Shams 1 Concentrated Solar Power (CSP) plant’s operations. Shams 1, which occupies 2.5 square kilometres and has a power generating capacity ......read more
Abu Dhabi, UAE – 15 March 2016: The Emirates Nuclear Energy Corporation (ENEC) was a lead sponsor of the 2nd Middle East Nuclear Training and Simulation Forum held at the Rosewood Hotel, Abu Dhabi, from the 14-15 of March.
The Middle East Nuclear Training and Simulation Forum is the only business conference in the Middle East for the nuclear industry with a focus on simulators and is ......read more
Abu Dhabi, 15 March 2016: The External Relations & Collaborations Department at the Petroleum Institute (PI) hosted a group of 20 Japanese delegates on the institute’s premises. Dr. Thomas Hochstettler, Petroleum Institute’s President, and Ebrahim Al Hajri, Director of External Relations and Collaborations, welcomed the delegation. The purpose of the meeting was to assess the ......read more