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Featured in Energy, Oil & Gas
Wintershall: Oil and gas production at record level…

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

New Quality Benchmark Set During Construction of Unit 3 at the Barakah Nuclear Energy Plant…

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

EDF Group joins Masdar-led consortium developing Phase 3 of Mohammed bin Rashid Al Maktoum Solar Park…

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

The Countdown is on for UAE Entities Taking Part in Kazakhstan's "Future Energy" Expo 2017…

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

Arabian Gulf Chemicals Industry Grows at 3.7% in 2016 to 150 million tons of Capacity, Outpacing Global Growth…

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

Mega deals reshape the chemicals industry…

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

Eliminating Energy-Related Carbon Emissions Possible, New IRENA Study Finds…

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

Collaborates with Ministry of Interior to Support GCC Traffic Week…

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

Schneider Electric to boost IoT dialogue across MEA region at Innovation Summit 2017 in Dubai…

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

Technology and Innovation Key to Leveraging Heavy Oil's Untapped Potential, says Bapco Chief…

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 See Rises Despite Concerns Over the Growing US Inventory…

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

ADNOC Distribution Opens Fifth ADNOC Xpress Station…

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

ADNOC Distribution Expands its Marine Service Station Network…

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

Regional Sustainability Leader George Berbari Turns Up the Heat on Global Warming in Thought-Provoking New Book ‘The Energy Budget'…

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

Phase One of ADNOC Xpress Network on Schedule…

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

ADNOC Signs 10-Year Vitol Deal for the Sale of 528,000 Tonnes Per Year of LPG…

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

Empower Participates in the IDEA Campus Energy 2017 in Miami, USA…

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

ADNOC Distribution Opens Motor World Vehicle Inspection Centre in Al Shamkha, Abu Dhabi…

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

ADNOC Awards China National Petroleum Corporation 8% Stake in ADCO Onshore Concession…

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

Innovation in the Spotlight at MEE 2017…

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 CEO: UAE Leadership Prepares for the Future to Empower Socio-economic and Human Development…

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

Dubai's Deputy Ruler Opens World's Largest Power Show…

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

Panasonic Exhibits Latest Electrical Solutions at MEE 2017…

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

ADNOC to capitalise on increased sulphur processing capabilities and target new markets…

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

Demand for Edible Oil in the MENA Region to Outstrip Global Average…

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

Other Top Stories from Energy, Oil & Gas
 
Greenhouses go greener: Abu Dhabi to showcase sustainable horticulture solutions…

Global Forum for Innovations in Agriculture turns spotlight on self-sufficient greenhouses ideal for UAE climate Abu Dhabi, 13 February 2016: Plans for self-sufficient greenhouses that enable the production of high-quality plants in sub-tropical regions affected by water scarcity are set to be unveiled by leading agricultural experts at Abu Dhabi’s Global Forum for Innovations in ......read more

Build Compact and Connected Cities, Reduce Deforestation and Encourage Innovation in Energy, says ...…

• Correlation between climate change, rise in carbon emission and frequency of natural disasters • Key policy recommendations include: eliminate subsidies on fossil fuels, establish predictable prices on carbon, accelerate low carbon investment, boost R&D budgets, finance low carbon infrastructure Dubai-UAE: 10 February, 2016 – No longer a scientific theory, ......read more

ADNOC Distribution Announces Further Reduction on Retail Price of Unsubsidised LPG Cylinders for ...…

Abu Dhabi-UAE: 10 February, 2016 - ADNOC Distribution has announced the new retail price of unsubsidised LPG cylinders for the month of February 2016. As per the announcement that is set on the 10th of every month, the new retail price is as follows: AED42 per 25lb cylinder down from the earlier marked retail price of AED44, and AED83 per 50lb cylinder from the earlier marked retail price of ......read more

Enec and Transco sign deal for Barakah Nuclear Power Plant to supply UAE grid…

Agreement paves way for UAE grid to transmit sustainable electricity from nuclear energy generation Abu Dhabi, UAE – 10 February 2016: The Emirates Nuclear Energy Corporation (ENEC) recently signed the Connection & Interface Agreement (C&IA) with the Abu Dhabi Transmission & Despatch Company (TRANSCO). The agreement establishes a contractual operating framework between the ......read more

Siemens signs long-term service agreement for existing power stations in Egypt…

Solution upgrades to help meet demand peaks at three power plants currently operating in Egypt Will help ensure reliability and availability of country’s energy supply Dubai, UAE, February 9, 2016:  Siemens has extended a long-term contract to provide service and maintenance, as well as component upgrades, at the Nubaria, Talkha and El Kureimat power stations in Egypt. The ......read more

WGS 2016: Nanotechnologies can lead to ground-breaking innovations in renewable energy…

Dubai-UAE: 9 February, 2016 – Leading a discussion on the future of renewable energy at the fourth World Government Summit (WGS 2016), Justin Hall-Tipping, Chief Executive Officer of NanoHoldings, talks about the need to make use of nanotechnologies and encourage government officials, leaders and future generations to embrace new thinking of sciences. He said: “With the ......read more

WGS 2016: Dubai reaffirms commitment to producing 75% of its energy from clean sources…

• DEWA implements Dh7 billion five-year Smart Networks and Meters Project strategy • Kaeser commends UAE and the region’s efforts for their forward thinking strategies in renewable energy • Countries cannot solely focus on one energy source, must make use of a mix of energies • Panelists discuss Sheikh Mohammed bin Rashid Al Maktoum Solar Park, ......read more

ADNOC Distribution Invites Customers to Register for ADNOC Wallet Online to Benefit from Company's ...…

Announces marked retail prices for ADNOC Wallet tokens including Smart Tag and ADNOC Plus Card Abu Dhabi-UAE: 07 February, 2016 – ADNOC Distribution has announced the marked retail price of its Smart Tag and ADNOC Plus payment tokens available to ADNOC Wallet account holders. Starting 1 March 2016, the company will retail the Smart Tag at AED250, while the ADNOC Plus card will be ......read more

ADFD Signs AED55 Million Loan Agreement with St. Vincent and the Grenadines to Support Key ...…

 Geothermal Power Plant Aims to Plug Power Shortage in Caribbean Country  Project to Deliver Clean Energy to Over 100,000 People across the islands as part of ADFD /IRENA Partnership  St. Vincent Prime Minister: ADFD Plays Key Role in Promoting Sustainable Development at Global Level  Mohammed Al Suwaidi: ADFD-funded Renewable Energy ......read more

ADNOC Distribution to Roll-out Seven Month Pilot Phase of ADNOC SMART Self Service in Emirate of ...…

Invites Customers to Register for ADNOC Wallet Account New Service in Line with Abu Dhabi Vision 2030 and UAE efforts to Shape Smart Cities and Governments Abu Dhabi-UAE: 2 February, 2016 - ADNOC Distribution today announced the roll-out an seven-month pilot phase of its smart self-service refuelling (ADNOC SMART) in the emirate of Abu Dhabi from 1 March to 1 October 2016. The pilot ......read more

Rumor & Denial: Verbal oil intervention in action (Commodity weekly)…

• Oil at the eye of the storm during a volatile week • Oil rebound on speculation of Russo/Opec deal • Gold's rally ran out of steam, leaving longs wondering what's next • Sugar lost its sweet edge and fell  A new dawn for oil if Russia and Opec cobble together a deal. Pic: iStock 2 February 2016: January proved to be a very volatile ......read more

Middle East industry giants told ‘go green' to counter rising energy costs in wake of subsidy ...…

Investment in low emission technologies can make huge savings, create competitive business edge, says PA Consulting Group Abu Dhabi, UAE, 28 January 2016:  Some of the Middle East’s biggest industrial firms facing up to massive increases in energy costs in the wake of subsidy reforms are being advised to reduce their carbon footprint to make multi-million dollar savings. The ......read more

ADNOC Distribution Showcases Clean Energy Initiatives at World Future Energy Summit…

Participation Highlights Sustainable Features of NGV Fuel Abu Dhabi-UAE: 24 January, 2016 - ADNOC Distribution is showcasing its environment friendly initiatives and achievements in preserving precious natural resources for future generations as part of its participation at the 9th edition of World Future Energy Summit from 18-21 January - one of the key events at Abu Dhabi Sustainability Week ......read more

Experts Discuss How Energy Innovation Can Help Mitigate the Effects of Climate Change…

Zayed Future Energy Prize hosts panel to discuss empowering climate victims Abu Dhabi, January 19, 2016 – Today the Zayed Future Energy Prize hosted a top-level discussion on ensuring energy innovations are at the heart of empowering victims of climate change. The debate was convened as part of Abu Dhabi Sustainability Week and focused on one of the core issues to come out of the COP21 ......read more

International Solar Alliance Holds Second Steering Committee Meeting during Abu Dhabi ...…

January 21, 2016, Abu Dhabi, UAE – The United Arab Emirates (UAE) today hosted the second Steering Committee meeting of the International Solar Alliance (ISA), a coalition of solar rich countries to promote the increased generation and deployment of solar energy. The meeting focused on next steps in advancing new solar technologies worldwide and was held during Abu Dhabi Sustainability Week ......read more

WiSER announces four strategic partnerships with GE, MASEN, REN21 and Masdar Institute at Abu Dhabi ...…

The UAE founded initiative holds first all-day conference at ADSW 21 January, Abu Dhabi: Women in Sustainability, Environment and Renewable Energy (WiSER) has announced four strategic partnerships with the Moroccan Agency for Solar Energy (MASEN), Renewable Energy Policy Network for the 21st Century (REN21), General Electric (GE), and Masdar Institute of Science and Technology Young Future ......read more

Masdar and Bee'ah to Partner on Waste to Energy Initiatives in Region…

Agreement signed at Abu Dhabi Sustainability Week launches development platform for future waste to energy projects across the UAE and the Middle East-region Abu Dhabi, UAE – 20 January 2016: Masdar, Abu Dhabi’s renewable energy company, has signed a strategic partnership agreement with Sharjah’s environment company “Bee’ah” – the Middle East’s ......read more

Masdar to Develop 200MW Solar PV Plant in Jordan…

Jordan a key market for Masdar’s renewable energy projects Abu Dhabi, UAE – 20 January 2016: Masdar, Abu Dhabi’s renewable energy company, has announced an agreement to develop a commercially-driven utility-scale 200 megawatt (MW) photovoltaic solar plant for Jordan’s Ministry of Energy and Mineral Resources (MEMR). The agreement, comes less than one month after ......read more

Sustainable Bioenergy Research Consortium readies facility for agriculture and aviation biofuels ...…

United Arab Emirates’ world-class research will produce food and fuel without using arable land or fresh water ABU DHABI, Jan. 20, 2016 –The Sustainable Bioenergy Research Consortium (SBRC) today announced that in March it will begin operating the world’s first bioenergy research facility using desert land – irrigated by seawater – to produce both food and ......read more

Masdar CEO Dr Ahmad Al Belhoul calls on regional financial institutions to support the sector's ...…

“Nowhere is the business case for renewable energy greater than here in the Middle East & North Africa” Abu Dhabi, UAE – 19 January 2016: Dr Ahmad Belhoul, Chief Executive Officer of Masdar, Abu Dhabi’s renewable energy company, today delivered the keynote speech at the formal inauguration of the ninth World Future Energy Summit (WFES), the anchor conference and ......read more

Masdar Institute and Finnish Think Tank Sitra's ‘Green to Scale' Report Highlights 17 Solutions to ...…

Middle East Launch at WFES 2016 Highlights Case Studies to Help Countries Achieve, and Exceed, Emissions Targets Set in Paris at COP21 Abu Dhabi-UAE: 19 January, 2016 – The Masdar Institute of Science and Technology, an independent, research-driven graduate-level university focused on advanced energy and sustainable technologies, and the independent public Finnish think tank Sitra, today ......read more

Masdar Institute and Xylem Inc. Sign Agreement to Develop Sustainability Indicators for Abu Dhabi's ...…

Collaboration Will Produce Visual Tool to Prioritize Energy Efficiency Projects Based on Economic Feasibility and Potential Impact Abu Dhabi-UAE: 19 January, 2016 – The Masdar Institute of Science and Technology, an independent, research-driven graduate-level university focused on advanced energy, and sustainable technologies, and Xylem Inc., a leading global water technology provider, ......read more

The UAE progresses on Sustainable Development Goals…

The UAE Ministry of International Cooperation & Development and Dubai Carbon Centre of Excellence sign Memorandum of Understanding The MoU outlines their new collaboration and the Sustainable Development Goals   Dubai, United Arab Emirates: The UAE Ministry of International Cooperation & Development (MICAD) and Dubai Carbon Centre of Excellence have formalized their agreement on ......read more

World Leaders Continue Progress on Sustainability and Climate Change at Abu Dhabi Global Action Day…

UAE Convenes Public and Private Sectors to Address the World’s Most Pressing Sustainability Needs January 19, 2016, Abu Dhabi, UAE – The United Arab Emirates (UAE), the center for global debate and cooperation on sustainability issues, hosted the first ever Abu Dhabi Global Action Day, an international forum calling on public and private sector leaders to drive forward the ......read more

Gro Harlem Brundtland Wins Lifetime Achievement Award…

Former Norwegian Prime Minister is First Woman to Win Prestigious Zayed Future Energy Prize Abu Dhabi, January 19, 2016 – Former Prime Minister of Norway, Dr. Gro Harlem Brundtland, has today received the 2016 Lifetime Achievement Award of the Zayed Future Energy Prize at an awards ceremony in Abu Dhabi. His Highness Sheikh Mohammad Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and ......read more

His Highness Sheikh Mohammed Bin Zayed Honours Nine Sustainability Pioneers…

Awards ceremony completes record year for Zayed Future Energy Prize Abu Dhabi, UAE, January 19, 2016 – His Highness Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, today presented nine winners with the Zayed Future Energy Prize during the eighth awards ceremony in Abu Dhabi. In attendance were His Highness Sheikh ......read more

Mohammed bin Rashid and Mohammed bin Zayed attends 9th World Future Energy Summit, During the Abu ...…

UN Secretary-General Ban Ki-moon calls for greater public-private action in achieving sustainable development by creating economic and social opportunity Mexican President Peña Nieto says it is possible to secure global climate regime without impeding economic and social progress Abu Dhabi, UAE, 18 January, 2016 – His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice ......read more

US$46 Million in Loans Announced for Four Renewable Energy Projects in Africa, Caribbean…

Projects selected by IRENA/ADFD to power rural communities, decrease emissions, improve health and create jobs Abu Dhabi, UAE, 18 January, 2016 – The International Renewable Energy Agency (IRENA) and the Abu Dhabi Fund for Development (ADFD) today announced USD 46 million in concessional loans for four renewable energy projects in developing countries. The loans will fund a wind and ......read more

Sustainable Bioenergy Research Consortium to provide update on innovative aviation biofuels ...…

What           Press conference by Sustainable Bioenergy Research Consortium (SBRC) to discuss the upcoming operations of the world’s first research facility to harmoniously produce both food and fuel without using arable land or fresh water – turning resource scarcity on its head. This game-changing research has the potential to ......read more

IRENA/ADFD Renewable Energy Project to Announce Results of Third Cycle of Funding at Abu Dhabi ...…

First and Second Rounds Deliver 56 MW of Clean Energy to Over 580,000 People in 10 Countries Abu Dhabi-UAE: 16 January 2016 - Abu Dhabi Fund for Development (ADFD) will unveil the results of its  third cycle of funding for renewable energy projects in developing countries as part of the  collaboration with the International Renewable Energy Agency (IRENA) during Abu Dhabi ......read more

IRENA Convenes First Legislators Forum to Engage Key Actors in Renewable Energy Policy…

Abu Dhabi, U.A.E., 16 January 2016 – Roughly 30 legislators, selected to represent all regions of the world, are meeting today in Abu Dhabi to support the transformation of the global energy system from the policy side. The Legislators Forum 2016, held on the eve of the International Renewable Energy Agency’s (IRENA) sixth Assembly, is the first event of its kind hosted by the Agency. ......read more

Annual Sustainability Festival to Return to Masdar City…

Range of free activities guarantees a fun sustainability experience for the whole family at the last event of Abu Dhabi Sustainability Week 2016 Abu Dhabi-UAE: 14 January, 2016 – The Festival at Masdar City is set to return for a third year, continuing Masdar’s tradition of hosting a weekend of fun-filled activities for the family at the end of Abu Dhabi Sustainability Week (ADSW). ......read more

Akon and Partners to Bring Mission of Lighting Up Africa to Abu Dhabi Sustainability Week…

Akon Lighting Africa initiative co-founders see ADSW as opportunity to cement partnerships and engage youth on sustainability Abu Dhabi, UAE – 14 January, 2016: Grammy-nominated American singer, rapper, and solar energy entrepreneur Akon will join his Solektra International partners Samba Bathily and Thiong Niang at Abu Dhabi Sustainability Week (ADSW), the Middle East’s largest ......read more

EMS Awarded ‘36 Facility Energy Audit' in Jordan Funded by European Union (JEDCO)…

Energy Management Services (EMS) has been awarded the Energy Audit for selected 36 facilities from more than 6 industries in Jordan by Jordan Enterprise Development Corporation (JEDCO), under the European Union. The objective of this project is to perform Detailed Energy Audit for (36) selected beneficiaries at a firm level in order to identify the current level of energy performance, advice ......read more

Zayed Future Energy Prize to Focus on Taking Sustainable Action…

Prize to host a series of events at Abu Dhabi Sustainability Week Abu Dhabi, January 13, 2016 – The Zayed Future Energy Prize will host a series of events during Abu Dhabi Sustainability Week (ADSW), taking place January 16-23, to highlight how the prize’s growing community of winners, finalists and supporters are helping to turn the COP21 Paris climate agreement into action and ......read more

GCC counties only recycle 10% of plastic compared to 36% in European Union…

Inaugural Gulf Packaging & Polymers Show Conference to address challenges and opportunities in sustainable packaging development in the region Abu Dhabi, UAE: Fleming as confirmed the conference line-up for its inaugural Gulf Packaging & Polymers Show (GPPS), which takes place from 1-3 February 2016 at the Abu Dhabi National Exhibition Centre (ADNEC). The two-day conference, which ......read more

Second Smart Home Show to Run from 17 to 20 May, 2016 at Al Ain Convention Centre…

Region’s Definitive Green Home Event Set to Attract 20,000 Visitors Abu Dhabi-UAE: 13 January, 2016 – The second Smart Home Show, an event dedicated to promoting energy conservation in the emirate of Abu Dhabi/ Al Ain City, will run from 17 to 20 May, 2016 at Al Ain Convention Centre (AACC), event organiser Al Ain Distribution Company (AADC) today announced. Showcasing a wide ......read more

Schneider Electric to demonstrate transformative role of IoT at World Future Energy Summit 2016…

Company to Showcase Sustainable Products and Services Portfolio from Hall 5 – Booth 5410 at Abu Dhabi National Exhibition Centre Abu Dhabi/UAE, January 13, 2016 – The Internet of Things (IoT) will play a significant role in bringing the world closer to energy efficiency and sustainability, according to Schneider Electric, a global leader in energy management and automation. ......read more

Unprecedented Youth Engagement Planned for Abu Dhabi Sustainability Week…

VIP Guests, Special Performances, Educational Initiatives and Fun Activities to Round Out Youth Activities for ADSW 2016 Abu Dhabi, UAE – 13 January, 2016: Abu Dhabi Sustainability Week (ADSW) 2016 will convene a series of events – several unveiled exclusively for ADSW 2016 – designed to engage youth, students and families across the UAE. With ‘awareness’ serving ......read more

UAE, UN Secretary-General and France Announce Abu Dhabi Global Action Day as Platform for Advancing ...…

“Abu Dhabi Global Action Day” during Abu Dhabi Sustainability Week (ADSW) will look to build on Paris and turn outcomes into practical action 13 January 20165, Abu Dhabi, UAE – United Nations Secretary-General Ban Ki-moon, French Foreign Minister and COP 21 President Laurent Fabius, and UAE Minister of State and Special Envoy for Climate Change Dr. Sultan Ahmed Al Jaber ......read more

Breitling Energy's Chris Faulkner – the “Frackmaster” in UAE January 12 – 14 to discuss future oil ...…

US to become swing producer by default, return to conventional drilling Iranian oil supply will have little affect on markets Saudi/Iran conflict could be a flashpoint [Abu Dhabi, January 13, 2016] Chris Faulkner, CEO of Breitling Energy, often dubbed in the media as the “frackmaster” because of his staunch support of hydraulic fracturing, is in the UAE to deliver a ......read more

ADNOC Distribution Announces Reduction on Retail Price of Unsubsidised LPG Cylinders for Month of ...…

Abu Dhabi-UAE: 11 January, 2016 - ADNOC Distribution has announced the new retail price of unsubsidised LPG cylinders for the month of January 2016. As per the announcement that is set on the 10th of every month, the new retail price is as follows: AED44 per 25lb cylinder up from the earlier marked retail price of AED46, and AED88 per 50lb cylinder from the earlier marked retail price of ......read more

EWS-WWF study reveals UAE corporates lack resource to reduce energy and water usage…

- Nationwide study ranks key barriers companies face in achieving energy efficiency - Barriers include high cost of technologies, low availability of efficient products, lack of market accessibility, and a limited understanding of electricity and water subsidies 06 January, 2016 - Dubai, UAE:  A report commissioned by Emirates Wildlife Society – WWF (EWS-WWF) titled ......read more

Used Cooking Oil (UCO) Powers Vehicles!…

Lootah Bio Fuel collects 200,000 liters of UCO monthly Resale and use of UCO as cooking oil is hazardous to health Dubai, 23 December 2015 -  Lootah Bio Fuel LLC (LBF), a fully owned subsidiary of the S.S. Lootah Group, is a leading manufacturer in the waste-to-energy and alternative fuel industry in the UAE. LBF manufactures biodiesel of which the raw material or feedstock is used ......read more

Kuwait to host petroleum economist energy strategy forum…

Leading international and regional experts and decision makers to attend Official Co-Host: Kuwait Petroleum Corporation Gold Sponsor: National Bank of Kuwait (NBK) Kuwait City, Kuwait: 20 December 2015: Petroleum Economist, the global energy magazine, and Kuwait Petroleum Corporation will officially co-host the second annual Energy Strategy Forum at The Sheraton Hotel, Kuwait City on ......read more

McDonald's UAE Truck Fleet has reached five Million KM Milestone run by Biodiesel…

Dubai, UAE, 15th December 2015: Today, McDonald’s UAE and Neutral Fuels LLC have reached a significant milestone in their proposed partnership when the McDonald’s fleet logistics trucks have hit 5,000,000km running on 100 per cent Biodiesel from recycled vegetable oil from its outlets. Four years after the launch of the initiative, the McDonald’s UAE trucks traveled ......read more

UAE at Forefront of Addressing Climate Change through the Advancement of Technology and Innovation…

Breakthrough technologies position UAE as a leader in climate action Paris, France – December 14, 2015: As more than 190 nations finalize an agreement to tackle climate change at the 21st session of the Conference of Parties (COP21) of the United Nations Framework Convention on Climate Change in Paris, the United Arab Emirates is continuing to demonstrate how it is fostering innovation ......read more

UAE Highlight Role of Innovation in Tackling Climate Change at COP21 Side Event…

H.E. Dr. Thani Ahmed Al Zeyoudi and Dr. Ahmad Belhoul Discuss Benefits of Clean Energy Innovation at LPAA Innovation Day Paris, France – December 10, 2015: The United Arab Emirates shared insights in accelerating technology and innovation as a solution to climate change at the Lima-Paris Action Agenda Innovation Day event, led by the International Energy Agency at the 21st meeting of the ......read more

ADNOC Distribution Launches 3-month Oil Change Promotional Campaign across 139 Outlets in the UAE…

1.2 Million Dirham Grand Prizes Await Customers in March 2015 Raffle Draw  Abu Dhabi-UAE: 06 December, 2015 - ADNOC Distribution has rolled out a new three-month promotional campaign across 139 lube change outlets in the UAE. The launch of the promotional campaign coincides with the nationwide celebrations of the 44th UAE National Day. Extending from 1 December, 2015 to 1 March, 2016, ......read more

Full agenda announced for gasworld MENA Industrial Gas Conference 2015…

Publishing and events company for the industrial gases industry, gasworld, have announced the full agenda for their Middle East and North Africa (MENA) Industrial Gas Conference, taking place in Dubai from 7th - 9th December 2015. Dubai UAE, December 5, 2015:  The event titled ‘Today’s Vision, Tomorrow’s Reality’ will give delegates the opportunity to hear updates ......read more

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