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Featured in Energy, Oil & Gas
Disruption – a Constant for the Energy Sector in the Coming Decade…

BCG held a C-Suite roundtable at the World Energy Congress 2019 exploring what it will take for energy players to win in the coming decade This includes accelerated corporate action, organizational change, and optimization of social & business value as a result of pressures from digital transformation, energy transition and increased volatility   Abu Dhabi, September 16, 2019 : Boston Consulting Group (BCG) has paved the way forward for increased corporate action from energy sector players in the changing business environment of tomorrow following an exclusive, invitation only roundtable discussion held on the sidelines of World Energy Congress 2019, which took place in Abu Dhabi.   “Aligning strategic imperatives to the disruptive forces in energy will be essential for organizations across the ......read more

Portuguese Secretary of State for Energy Visits Noor Abu Dhabi Solar Plant…

Abu Dhabi, 14 September 2019:  His Excellency Joao Galamba, Portugal’s Secretary of State for Energy, visited Noor Abu Dhabi this week, during a tour hosted by a delegation from the Emirates Water and Electricity Company (EWEC), led by Othman Al Ali, EWEC’s Chief Executive Officer, and other senior management. The Minister received an update on the plant, one of the world’s single largest solar projects, as well as a briefing on the upcoming construction of a 2,000 MW solar photovoltaic (PV) power project to be located in the Al Dhafra region of Abu Dhabi emirate. The Noor Abu Dhabi plant will offset the emirate’s CO2 emissions by 1 million metric tons, equivalent to removing 200,000 cars from the emirate’s roads. With 3.2 million solar panels installed across an 8 square kilometre site, Noor Abu ......read more

Region's Largest Gas & Oil Technology Showcase and Conference Back for 3rd Year…

Innovation and Transformation Key to Growth of Oil and Gas Sector, Says GOTECH 2019 Chairman September 14, 2019 - Dubai, United Arab Emirates More than 100 top drawer companies will be exhibiting their cutting-edge technologies and solutions at GOTECH 2019, the third annual conference of its kind to be held at Dubai World Trade Center from 21 – 23 October 2019.  GOTECH 2019 is held under the patronage of H.H. Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and Minister of Finance of UAE, Chairman of Dragon Oil. Organized by renowned UAE-based oil and gas operator Dragon Oil, GOTECH 2019, the largest gas and oil technology showcase and conference in the region, expects to widen its purview and engage more government organizations, companies and professional societies.  This initiative, which has ......read more

ENEC and TENEX renew MoU…

ENEC and TENEX to continue exploring potential opportunities for collaboration in the field of nuclear fuel cycle   Abu Dhabi, UAE – 12 September 2019: The Emirates Nuclear Energy Corporation (ENEC) has renewed its Memorandum of Understanding (MoU) on exploring potential opportunities for collaboration in the field of nuclear fuel cycle management, with the TENEX, Joint-Stock Company, part of the Russian ROSATOM State Corporation Company, a global supplier of uranium products with more than six decades of experience in innovative nuclear fuel cycle solutions.   The new MoU was signed during the 24th World Energy Congress at ADNEC in Abu Dhabi, by His Excellency Engineer Mohamed Al Hammadi, Chief Executive Officer of ENEC, and Polgorodnik Sergey, Director General of TENEX, in a ceremony attended by senior ......read more

Energy Transition is Accelerating Across Countries Worldwide According to 2019 World Energy Trilemma Index…

Abu Dhabi…September 11, 2019:  Today the World Energy Council, in partnership with Oliver Wyman, unveiled the latest progress for almost 130 countries on developing policies for Energy Security, Equity and Environmental Sustainability.     The 2019 World Energy Trilemma Index, created by the World Energy Council, in partnership with global consultancy Oliver Wyman, a business of Marsh & McLennan Companies, provides an objective rating of national energy policy and performance across three dimensions: Energy Security, Energy Equity and the Environmental Sustainability of Energy Systems.     Launched today during the 24th World Energy Congress in Abu Dhabi, UAE, the World Energy Trilemma Report and Index provide a ranking of countries’ energy performance using global and ......read more

Masdar and the Land Art Generator Initiative Announce Winning Designs for Energy Generating Public Artwork at the 24th World Energy Congress…

Dubai, United Arab Emirates -  September 10, 2019:  The Land Art Generator Initiative (LAGI) and Abu Dhabi Future Energy Company (Masdar) have today announced at the 24th World Energy Congress in Abu Dhabi the winners of this year’s LAGI international design competition. Sponsored by Masdar, LAGI 2019 Abu Dhabi challenged design teams to create large-scale works of public art that also produce clean kilowatt-hours for the Masdar City grid using technologies such as solar and wind. “Masdar is proud to sponsor this special edition of the LAGI competition, in the same year that Abu Dhabi has the privilege of hosting the 24thWorld Energy Congress. It is fitting that the capital’s flagship sustainable city is supporting the competition, which complements the holistic approach that Masdar City takes towards ......read more

Tabreed demonstrates commitment to enhancing energy efficiency with ISO 50001 certification…

Tabreed first district cooling company in the region to receive ISO 50001:2018 certification   September 10, 2019:   National Central Cooling Company PJSC (DFM: Tabreed), the leading UAE-based district cooling developer, has received the International Organization for Standardization (ISO) 50001:2018 certification for the successful implementation of its Energy Management System. Tabreed is the first district cooling company in the region to have been certified under the revised version (2018) of the ISO 50001 standard.   Tabreed’s Energy Management System, developed in accordance with its operational excellence and due focus on  energy efficiency requirements across all its 75 plants in the region, has enabled the company to receive the ISO 50001 certification. This ISO standard is based upon ......read more

UAE Welcomes Energy Industry's Thought Leaders at World's Most Influential Energy Event…

• UAE Minister of Energy hails “historic” 24th World Energy Congress  • Over 15,000 attendees, 4,000 delegates, 72 ministers, 1000 media professionals, and 300 exhibitors heading for Abu Dhabi National Exhibition Centre this week   Abu Dhabi, Sunday 8 September 2019:  Global energy thought leaders are expected in the UAE this week as Abu Dhabi hosts the 24thWorld Energy Congress on 9-12 September, 2019, under the patronage of His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE. The World Energy Congress is the World Energy Council’s global flagship event offering a unique platform for global energy leaders to explore new energy futures, critical innovation areas, and new strategies.   Following a successful international bid that was won by the UAE ......read more

Emirates Water and Electricity Company (EWEC) Announced as a Host Sponsor of World Energy Congress…

Abu Dhabi, Saturday 7 September 2019:  The 24th World Energy Congress has today announced Emirates Water and Electricity Company (EWEC) as a Host Sponsor and key exhibitor, at the upcoming Congress.  The inclusion of EWEC in the 24th World Energy Congress, taking place from September 9 to 12 at Abu Dhabi National Exhibition Centre (ADNEC), means most of the UAE’s major energy companies will feature prominently at the four-day event. Officially formed in 2018, EWEC succeeds the former Abu Dhabi Water and Electricity Company. It operates within the portfolio of the Abu Dhabi Power Corporation and plays vital planning and commercial roles to ensure electricity and water is supplied in the emirate of Abu Dhabi as well as parts of the Northern Emirates. As host sponsor, EWEC will showcase its contribution to energy ......read more

ENEC to showcase economic, social and environmental benefits of nuclear energy at World Energy Congress in Abu Dhabi…

ENEC is an official host sponsor of 24th World Energy Congress and official Youth sponsor     Abu Dhabi, UAE – 07 September 2019:  The Emirates Nuclear Energy Corporation (ENEC) will showcase the positive impact that nuclear energy has economically, socially and environmentally at the 24th edition of the World Energy Congress. The event is being held under the patronage of His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of The United Arab Emirates (UAE) and will be held in Abu Dhabi from 9-12 September 2019 at Abu Dhabi National Exhibition Centre (ADNEC).  ENEC is an official host sponsor of the Congress as well as the official Youth Sponsor.    ENEC will highlight the transformational potential of peaceful nuclear energy in diversifying global energy sources, supporting ......read more

24th World Energy Congress Poised to Attract Largest Attendance as Countdown Begins…

Abu Dhabi, Wednesday 28 August 2019:  With less than two weeks to go until the 24th World Energy Congress, the UAE Organizing Committee has today given an update on the number of delegates, ministers and exhibitors that will be attending the global event in Abu Dhabi. Taking place from September 9 to 12 at Abu Dhabi National Exhibition Centre (ADNEC), the prestigious event will see the presence of more than 15,000 attendees from the UAE and abroad including 4,000 delegates and 66 ministers. The exhibition, taking place across a space of 35,000 square metres, will feature over 200 exhibitors, representing more than 150 countries altogether.  This year’s World Energy Congress, which will take place for the first time in the Middle East, will see more than 300 speakers among the thousands of global attendees during the ......read more

Unit 3 Transformers Energized at Barakah Nuclear Energy Plant…

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

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

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

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

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

Empower awards network extension contract worth AED 25 million…

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

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

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

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

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

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

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

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

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

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

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

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

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

ENOC Group launches ‘ENOCBlue' diesel exhaust fluid…

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

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

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

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

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

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

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

Other Top Stories from Energy, Oil & Gas
 
Significant Milestones Achieved in Construction of Unit 3 at Barakah Nuclear Energy Plant…

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

3rd UAE France Oil and Gas Connecting Days…

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

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

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

FANR Hosts IAEA Nuclear Infrastructure Review Mission…

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

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

Dubai, UAE, June 28, 2018:  Introduction and basis for preparation    This report sets out details of the payments made to governments by RAK Petroleum plc and its subsidiary undertakings (‘RAK Petroleum’) for  the year ended 31 December 2017 as required under the Disclosure and Transparency Rules of the UK Financial Conduct Authority (the ......read more

Siemens to supply three large gas turbines to Dubai…

Dubai, UAE, June 27, 2018:  Siemens has received an order for three SGT5-4000F gas turbines from United Arab Emirates (UAE). The turbines will be used in Unit H Phase 4 of the Al Aweer power plant complex which is located approximately 35 kilometers from downtown Dubai. DEWA has awarded the project EPC contract to Siemens in a consortium led by the Egypt-based company El Sewedy Electric Co ......read more

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

Dubai, UAE, June 24, 2018:  The Bloomberg Commodity Index has seen its year-to-date gains disappear following four weeks of heavy selling. The broad-based index, which tracks 22 major commodities evenly split between energy, metals and agriculture, has been hurt by a stronger dollar and trade war angst as well as expectations that Opec+ will increase production in order to cap crude ......read more

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

Abu Dhabi, 20 June 2018:   Mubadala Petroleum announces that it has completed the acquisition from Italy’s Eni of a 10 percent participating interest in the offshore Shorouk Concession in Egypt, which contains the supergiant Zohr gas field. Following the completion, Eni, through its subsidiary IEOC, holds a 50 percent interest in the concession. The other partners in the ......read more

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

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

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

The poll on nuclear energy conducted by independent global market research company Nielsen shows that 82 percent of UAE residents are in favor of using nuclear energy for generating electricity - the highest level of support globally Al Dhafra residents show highest acceptance levels in the UAE for the construction of the Barakah plant Abu Dhabi, UAE – 20 June 2018:   An ......read more

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

Abu Dhabi, UAE: 17 June 2018:  Adnan Z. Amin, Director-General of the International Renewable Energy Agency (IRENA) has welcomed the European Union’s (EU) decision to increase its renewable energy target from 27 per cent to 32 per cent by 2030, highlighting that the move reinforces the EU’s position at the forefront of energy transformation and reflects the new economics of ......read more

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

Dubai, UAE; June 13, 2018:   Tristar Group’s two warehouses located in the Jebel Ali Industrial Area 1 and 2 were awarded 5-star rating by Dubai Multi Commodities Centre (DMCC) for the second and third consecutive years, respectively.   Shivananda Baikady, General Manager-Road Transport and Warehousing, Tristar, said: “Our specialized warehousing facilities are ......read more

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

Renewable energy continues to attract an increasing share of global investment, with annual investments expected to grow by $130 billion, compared to 2016 figures, reaching around $370 billion in 2020.  Developing countries now account for almost half of all renewables investment, although to date there has been modest investment in the GCC Investment in GCC renewable energy could ......read more

Crude spreads widen; gold still looking for a catalyst…

By Ole S Hansen, Head of Commodity Strategy at Saxo Bank Dubai, UAE, June 3, 2018:  Commodities traded lower this past week with losses being led by the energy sector while both the metals and agriculture sectors were mixed. Impacting commodities both directly and indirectly were the unfolding political crises in both Spain and Italy, together with Donald Trump’s decision to slap ......read more

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

All efforts focused on preparations for safety-led nuclear operations of the UAE’s first nuclear reactor in accordance with the highest standards of a  nuclear safety culture and quality assurance Comprehensive schedule review points to start-up of nuclear operations for Unit 1 between the end of 2019 and early 2020  Abu Dhabi, UAE – 26 May 2018:   Nawah ......read more

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

Dubai, UAE, May 24, 2018:  The Russian Direct Investment Fund (RDIF, the sovereign wealth fund of Russia) and Mubadala Petroleum, the UAE-based leading oil and gas exploration and production company, announce the creation of a joint venture with PJSC Gazprom Neft to develop several oil fields in the Tomsk and Omsk regions. RDIF and Mubadala Petroleum will acquire a 49 percent equity stake in ......read more

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

The recently launched licensing round has proven a draw with companies from all over the world thanks to the unique, overall proposition on offer Ras Al Khaimah, United Arab Emirates, 23, May 2018:  With proven hydrocarbon reserves in place, diverse exploration plays, easily accessible existing infrastructure, attractive production sharing terms and commercialization plans, plus a ......read more

Regulatory Reform Key to Meeting Renewable Energy Targets in Panama…

70% renewables by 2050 target is achievable if regulations adequately reflect contribution of solar and wind power says IRENA  Dubai, UAE, May 23, 2018:  Upgrades to Panama’s regulatory environment and power system management are critical to achieving the renewable energy goals set out in the country’s National Energy Plan, per a Renewables Readiness Assessment ......read more

Big Oil Production Is Still Growing Despite Capex Cuts…

May 16, 2018, United Arab Emirates:  Since mid-2014, the harsh cyclical downturn in oil prices has tested, and proved, the resilience of international oil majors' integrated business models. S&P Global Ratings recognizes the majors' downstream refining and petrochemical assets provided them with a cushion as cash flows from the upstream businesses, ......read more

Over 200 Senior Energy, Petrochemical and Private Sector Leaders and CEOs Tour Ruwais As Part of ...…

Visit included a tour of Ruwais Industrial Complex and Ruwais City Investment and expansion of Ruwais to form centrepiece of ADNOC’s Downstream Strategy  Abu Dhabi, United Arab Emirates, May 15, 2018:  As part of the launch of the Abu Dhabi National Oil Company’s (ADNOC) new Downstream strategy at the ADNOC Downstream Investment Forum in Abu Dhabi this week, ......read more

JAFZA'S PETROCHEMICAL COMPANIES GENERATE AED 16 BILLION…

DP World, UAE Region highlights sector-wide collaboration at GPCA Supply Chain Conference Dubai, United Arab Emirates, 12 May 2018:  Petrochemical companies operating in Jebel Ali Free Zone (Jafza), the region’s premier business and logistics hub, generated trade worth AED 16 billion in 2017. Jafza is home to 526 companies in the sector from 67 countries and will be exhibiting ......read more

Khalifa Fund joins ADNOC's In-Country Value Program…

The Khalifa Fund for Enterprise Development (KFED) has joined a workshop on the implementation of Abu Dhabi National Oil Company’s (ADNOC) new In-Country Value (ICV) strategy that was launched to help stimulate socio-economic value, promote locally-made content and products, and nurture government and private partnerships in the UAE. The participation was in keeping with Fund’s vision ......read more

nVent Announces Completion of Separation from Pentair…

Independent, $2.1 billion company focuses on electrical connection and protection  DUBAI, UAE – May 3, 2018 –   nVent Electric plc (NYSE:NVT) (“nVent”), a global leader in electrical connection and protection solutions, today announced the completion of its separation from Pentair plc (“Pentair”) and its launch as an independent, publicly ......read more

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

Dubai, United Arab emirates, May 2, 2018:  The world is not on track to meet the global energy targets for 2030 set as part of the Sustainable Development Goals, but real progress is being made in certain areas – particularly expansion of access to electricity in least developed countries, and industrial energy efficiency, according to a new report from five international ......read more

Etihad ESCO throws spotlight on retrofit program achievements at MEFMA CONFEX 2018…

May 1, 2018- Ali Al Jassim, CEO of Etihad Energy Service Company (Etihad ESCO), threw the spotlight on the energy and cost savings achieved through successful implementation of retrofit programs by Etihad ESCO in the emirate, during his participation as a keynote speaker at the 8th MEFMA CONFEX, which was recently held in Dubai. The two-day event, organized under the theme ‘Sustainable FM ......read more

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

FMS Tech is now one of seven exclusive suppliers approved in OPAL’s first round of approvals 29 April 2018, Dubai, United Arab Emirates:  Oman Society for Petroleum Services (OPAL) recently announced Fleet Management Systems & Technologies (FMS Tech) as one of its seven approved in-vehicle monitoring systems (IVMS) suppliers for Oil and Gas Transportation Safety Technology in ......read more

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

Abu Dhabi, United Arab Emirates, 24 April 2018:  The Emirates Nuclear Energy Corporation (ENEC) is highlighting the importance of prioritizing health and safety, during its participation in the EmiratesSkills 2018 National Competition, held at Abu Dhabi National Exhibition Centre from 23 to 25 April 2018. ENEC is the official Health and Safety sponsor and exhibitor, emphasizing the ......read more

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

Abu Dhabi, United Arab Emirates, April 24, 2018:  Masdar (Abu Dhabi Future Energy Company) and the Costa Rican Electricity Institute (Instituto Costarricense de Electricidad, or ICE) have announced a collaboration to promote renewable energy development.  Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar, and Eugenia Gutierrez, Member of the Board and Director of ICE, ......read more

Game Changing technologies take centre stage at Middle East Static Equipment Engineering & ...…

Featuring 75 per cent international visitors, 80 per cent decision makers and 65 per cent trade visitors, the event witnessed more than 200 visitors and over 150 delegates on the first day of the event The event witnessed participation from Saudi Council of Engineers, Sahara Petrochemicals Company, Orpic, Saudi Aramco, ADNOC Gas Processing and SABIC among many others United Arab ......read more

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

On the important occasion of Earth Day, GPCA is pleased to announce the release of the 4th Progress Report, highlighting a major increase in global efforts to prevent marine litter Dubai, United Arab Emirates, 22 April 2018 – The Gulf Petrochemicals and Chemicals Association (GPCA), the voice of the chemical industry in the Arabian Gulf region, today marks Earth Day with the release of ......read more

Dubai Energy Efficiency Training Program inaugurates its first training session …

April 19, 2018 - Ali Al Jassim, CEO of Etihad Energy Service Company (Etihad ESCO), officially inaugurated the first session of the Certified Measurement & Verification Professional (CMVP) program recently, alongside Professor Abdullah Al Shamsi, Vice Chancellor of the British University in Dubai (BUiD). The session, which forms part of the Dubai Energy Efficiency Training Program, was held ......read more

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

- Nishant Dighe Chief Executive Officer of RAKPA Ras Al Khaimah, United Arab Emirates, 19 April 2018:   After the recent announcement of the Government of Ras Al Khaimah appointing His Highness Sheikh Ahmed Bin Saud Bin Saqr Al Qasimi as Chairman of Ras Al Khaimah Petroleum Authority (“RAKPA”), Nishant Dighe is appointed as Chief Executive Officer of RAKPA. Nishant Dighe, ......read more

Awaidha Al Marar applauds success of operating Taweelah A2 by UAE Nationals …

UAE, April 10, 2018 – H.E. Engineer Awaidha Murshed Al Marar, Chairman of the Department of Energy - Abu Dhabi, lauded the Emirates CMS Power Company’s (ECPC) initiative aimed at managing and operating Taweelah A2 in Abu Dhabi by UAE Nationals for one month, noting that its success in achieving its objectives further boosts Emirati employees to handle leading roles in the future ......read more

Final Dome Structure Completed at Barakah Nuclear Energy Plant…

    Construction of Reactor Containment Building Dome Structure for Unit 4 successfully completed; the final unit of the Barakah Plant     Unit 4 Reactor Coolant Loop (RCL) pipe welding and setting of key equipment also completed Abu Dhabi, United Arab Emirates, 10 April 2018:  Reaching another milestone in the development of the Barakah Nuclear Energy ......read more

Mubadala Petroleum Signed Andaman I PSC in Indonesia…

Abu Dhabi, 09 April, 2018:  Mubadala Petroleum announces that it has signed the Production Sharing Contract (PSC) for Andaman I, as awarded by the Government of Indonesia in the 2017 Indonesian Licence Round.  Mubadala Petroleum is the operator of the Andaman I PSC and a partner in the Andaman II PSC, operated by Premier Oil, which was also signed last week. The Andaman I and II ......read more

Etihad Energy to host the 4th Annual RetrofitTech Dubai Summit and Awards…

April 8, 2018 - In line with their collective efforts to make Dubai a leading example of energy efficiency for the region and the world, Etihad Energy Service Company (Etihad ESCO) and TAQATI- the dedicated program management office for the Dubai Demand Side Management (DSM) strategy - are hosting and strategically endorsing the 4th Annual RetrofitTech Dubai Summit and Awards on April 10 and 11, ......read more

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

Sector adds record 167 gigawatts (GW) of generating capacity, expands 8.3% in 2017 Abu Dhabi, UAE, 07 April 2018:   By the end of 2017, global renewable generation capacity increased by 167 GW and reached 2,179 GW worldwide. This represents a yearly growth of around 8.3%, the average for seven straight years in a row, according to new data released by the International ......read more

Ensuring water security for future generations is the biggest challenge, says Suhail Al Mazrouei…

Dubai, United Arab Emirates, April 3, 2018:  The biggest challenge for the UAE’s Minister of Energy and Industry is ensuring water security for the country’s future generations.  Speaking at the inaugural edition of the Global Leaders Forum, held in Dubai on April 3, 2018, His Excellency Suhail Al Mazrouei, the UAE’s Minister of Energy and Industry, said, ......read more

Government of Ras Al Khaimah Launches Petroleum Licensing Round…

Ras Al Khaimah, United Arab Emirates, 2 April 2018:  The Government of Ras Al Khaimah has announced the official launch of RAK’s 2018 petroleum licensing round (the “Licensing Round”) and the establishment of the new Ras Al Khaimah Petroleum Authority – the regulator responsible for the Licensing Round tendering process and ongoing management of petroleum rights. ......read more

Torresol Energy Celebrates Ten Years of Solar Thermal Power Generation…

Collaborative Masdar- and SENER-backed solar company has paved the way for the development of more efficient concentrated solar power (CSP) technologies Dubai,UAE, March 29, 2018: In the ten years since it was established through a collaboration between Masdar, Abu Dhabi’s renewable energy company, and SENER, the Spanish engineering and technology specialist, Torresol Energy has ......read more

Gulf Oil Middle East partners with Al Naboodah Group Enterprises to enhance its UAE distribution ...…

DUBAI – March 29, 2018:   Gulf Oil Middle East Ltd (GOMEL), a part of Hinduja Group and a wholly owned subsidiary of Gulf Oil International Ltd (GOI), announced its strategic partnership with Al Naboodah Group Enterprises (ANGE), one of the leading conglomerates in the UAE. Under the agreement, ANGE will distribute Gulf Oil’s entire range of automotive and industrial ......read more

Renish Group officially launches Alaska International with higher storage capacity …

March 27, 2018 - Renish Group, a growing company in oil space, has officially launched its Hamriyah port-based storage facility in the UAE, the Alaska International FZE, with higher capacity at 22 tanks as part of its continuing efforts to boost its storage ability and expand its operations in the Middle East.   Renish Group acquired Alaska International in 2013 with just 60,000 m3 ......read more

ENEC Showcases Opportunities in the UAE Peaceful Nuclear Energy Program at National Service Career ...…

ENEC’s wide range of technical scholarships offer talented students the opportunity to develop nuclear-related skills and acquire hands-on experience Abu Dhabi, UAE – 27 March 2018:   The Emirates Nuclear Energy Corporation (ENEC) and its operating subsidiary Nawah Energy Company (Nawah) have offered a wide range of scholarships and showcased unique career opportunities ......read more

Masdar and Korea Energy Agency to explore renewable energy collaboration and investment…

  Abu Dhabi, United Arab Emirates, 27 March 2018:  Masdar, Abu Dhabi Future Energy Company, announced the signing of a memorandum of understanding (MoU) with the Korea Energy Agency (KEA) for renewable energy collaboration and investment between the Republic of Korea and the United Arab Emirates (UAE).  Mohamed Jameel Al Ramahi, Masdar’s Chief Executive Officer (CEO), and ......read more

Geopolitics lift oil and gold while hurting copper…

  US places $50 billion worth of tariffs on Chinese goods     Sanctions in focus on appointment of Iran hawk John Bolton     Crude oil trades higher, industrial metals retreat Dubai, UAE, March 25, 2018:   Global growth is in the crosshairs as the US and China square off in a trade war.  By Ole Hansen The geopolitical stage looks ......read more

IRENA to Help Deliver Low-Carbon 2022 Winter Olympics in Zhangjiakou, China…

International Renewable Energy Agency to support Zhangjiakou, in Hebei Province,  become China’s first energy transition pilot city Dubai, United Arab Emirates, 24 March 2018:  The International Renewable Energy Agency (IRENA) has today signed a co-operation agreement with the People’s Government of Hebei Province, China to provide the city of Zhangjiakou with a ......read more

Masdar celebrates fifth anniversary of flagship Middle East solar energy project Shams 1…

Abu Dhabi, United Arab Emirates, March 22, 2018:  Shams Power Company, the developer, owner and operator of the UAE’s first large-scale solar power project, Shams 1, is celebrating five years of uninterrupted electricity generation at the plant this month.  Located in Al Dhafra, Abu Dhabi’s western region, the 100 megawatt-capacity (MW) Shams 1 was the largest ......read more

Pegaga Gas Development in Malaysia Approved…

Abu Dhabi, 21 March 2018:  Mubadala Petroleum and its partners PETRONAS Carigali Sdn Bhd (PETRONAS Carigali) and Sarawak Shell Berhad have reached the Final Investment Decision for the Pegaga gas field development in Block SK 320, offshore Malaysia. The project will now proceed to the construction and installation stage. Mubadala Petroleum is Operator of Block SK 320 with 55 percent ......read more

Dubai launches an Integrated Energy Efficiency Training Program…

TAQATI, the dedicated Program Management Office for the Dubai Demand Side Management (DSM) strategy and which is set up under Etihad Energy Service Company (Etihad ESCO), entered into a partnership with the British University in Dubai (BUiD) for the Dubai Energy Efficiency Training Program as part of its mandate. Etihad ESCO CEO Ali Al Jassim signed the agreement with BUiD Vice Chancellor Prof. ......read more

ABB records steady growth in the UAE…

Digitalization and clean energy integration transforming the energy landscape in the country Dubai, UAE, March 15, 2018:   ABB, the pioneering technology leader, has recorded steady and sustained growth in the United Arab Emirates in 2017.  “ABB is seeing profitable growth and a huge opportunity in this market as we are partners to both the energy and industrial ......read more

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