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Featured in Energy, Oil & Gas
Phase 3 of MBR Solar Park in Dubai wins Solar Project of the Year 2018 at the Asian Power Awards…

Dubai, UAE, October 17, 2018:  The third phase of the Mohammed bin Rashid Al Maktoum (MBR) Solar Park in Dubai has been awarded Solar Project of the Year 2018 at the Asian Power Awards in Jakarata.  Ian Warrilow, President and Country Manager of Mubadala Petroleum, accepted the award on behalf of Masdar (Abu Dhabi Future Energy Company), a partner in Shua’a Energy 2, the project company developing Phase 3. The shareholders in Shua’a Energy 2 are Dubai Electricity Water and Electricity Authority (60%); Masdar (24%); and EDF Renewables (16%). A Masdar-led consortium set a record-low price for solar power generation when it successfully bid to develop Phase 3 in 2016.  The 800-megawatt (MW) project is the largest expansion of the MBR Solar Park undertaken so far. The first 200MW stage was inaugurated in ......read more

Nawah Energy Company Establishes World's First Nuclear Language Proficiency Standards…

Committed to effective safety communication as part of a healthy nuclear safety culture, Nawah has developed the first language standards for the nuclear industry The Innovative Nuclear English Development Center in Barakah Nuclear Energy Plant supports continuous learning and development of all employees Abu Dhabi, UAE – 13 October 2018:   Nawah Energy Company (Nawah), the operator of the Barakah Nuclear Energy Plant in the Al Dhafra Region of Abu Dhabi, has become the first company in the world to develop English language standards for nuclear plant operations. These standards play a significant role in ensuring a high level of effective safety communication as part of a healthy nuclear safety culture.   With employees from more than 40 nationalities, Nawah is the most multinational and ......read more

Masdar Signs Region's First Green Revolving Credit Facility to Drive Sustainability Goals…

Abu Dhabi, October 11, 2018 -   Masdar, Abu Dhabi Future Energy Company, has signed a green revolving credit facility (RCF) with four local and international banks to provide funding for new and ongoing investments in its global clean technology and sustainable real estate projects. The facility, which is the first green RCF in the Middle East, has been arranged with the UAE’s First Abu Dhabi Bank, Societe Generale Corporate & Investment Banking, Japanese multinational banking and financial services company Sumitomo Mitsui Banking Corporation, and pan-European global banking and financial services group UniCredit - together the mandated lead arranger (MLA) and bookrunners – as part of their ongoing commitment to sustainable finance. The three-year facility includes a number of ‘green features’ ......read more

Masdar announces WiSER Pioneers Programme at Mohamed Bin Zayed Majlis for Future Generations…

Abu Dhabi, United Arab Emirates; October 11, 2018:  Masdar (Abu Dhabi Future Energy Company) has launched the Women in Sustainability, Environment and Renewable Energy (WiSER) Pioneers Programme, a year-round agenda aimed at nurturing young women aged 20-30 into the next generation of sustainability leaders through proactive engagement with policy makers, industry leaders, technical experts, entrepreneurs and community figures. The announcement was made at the second edition of the Mohamed Bin Zayed Majlis for Future Generations, held under the patronage of His Highness Sheikh Mohammed Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces. The WISER Pioneers Programme, involving access to bespoke educational workshops, global networking events, and highly sought-after professional ......read more

ENEC Hosts Supplier Forum to Support Growth and Development of Local Supply Chain…

Representatives of UAE-based suppliers were updated on the status of the Barakah Project and upcoming opportunities and requirements     Abu Dhabi, UAE – 10 October 2018: The Emirates Nuclear Energy Corporation (ENEC), in collaboration with its subsidiary, Nawah Energy Company (Nawah), hosted a Supplier Forum today in Abu Dhabi. The forum brought together delegates representing a diverse range of UAE-based companies as well as employees from ENEC and Nawah.   The forum is an integral component of ENEC’s ongoing efforts to support the development and growth of a local supply chain that can meet operational service, spare part and consumable requirements for the safe, secure and efficient construction and operation of the Barakah Nuclear Energy Plant for the next 60 years or more. The forum ......read more

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

Strategic partnership will expand ADNOC Drilling’s capabilities into the integrated drilling and well construction segment and expand BHGE’s presence in the UAE BHGE will acquire a five percent stake in ADNOC Drilling, valuing the business at $11 billion, and the partnership will enable ADNOC Drilling to gain greater market access and new business opportunities ADNOC Drilling will obtain exclusive access to BHGE capabilities, market leading technology and equipment portfolio in the UAE to strengthen its service offering, technical expertise, improve drilling efficiencies and know-how ADNOC will capture more value from growth across its conventional and unconventional hydrocarbon resources, expand local talent development opportunities and generate greater in-country value for the UAE Abu Dhabi, UAE – ......read more

ENEC Continues to Inspire New Generations of Future Energy Pioneers…

ENEC engages with students at Al Sila School as part of Schools Outreach Program Students learn about peaceful nuclear energy and its importance to the future growth and development of the UAE Abu Dhabi, UAE – 3 October 2018:   The Emirates Nuclear Energy Corporation (ENEC) organized a visit to Al Sila School, located in the Al Dhafra region of Abu Dhabi Emirate. During the visit, students took part in a variety of activities and learned about the UAE Peaceful Nuclear Energy Program and its importance to the future growth and development of the nation.   The visit to Al Sila comes as a part of ENEC’s ongoing Schools Outreach Program, which focuses on raising awareness and understanding of the UAE Peaceful Nuclear Energy Program, educating students of all ages on how nuclear energy is used, and ......read more

Barring Oil Or Geopolitical Risks, Gulf Banks' Financial Profile Should Stabilize in 2019…

GCC banks' financial profiles should remain stable in 2019, absent any unexpected geopolitical or oil-price shock. Bank lending growth should stabilize at around the 5% mark over the next 12 months, as higher oil prices and stronger public investments raise economic growth in the region overall. We expect profitability to stabilize--with return on assets at about 1.5%-1.7% and net interest margins at 3% on average in 2018--benefitting from the higher interest rates and significant non-interest-bearing deposits on banks' balance sheets. International operations could pose a latent risk for some GCC banks. A few banks with exposure to Turkey will see some impact on their asset quality. Three-quarters of the 24 GCC banks we rate carry a stable outlook. Negative outlooks are concentrated in Qatar and on a few banks in ......read more

WCU: Signs of life as dollar weakens and trade tensions ease…

By Ole Hansen, Head of Commodity Strategy at Saxo Bank Dubai, UAE, September 23, 2018:  The Bloomberg Commodity Index, which tracks the performance of 22 major commodity futures, rose from the ashes this past week. The 2% gain occurred after some early weakness after the US announcement of additional tariffs on $200 billion worth of Chinese imports.  The broad-based recovery that followed in global stocks and currencies was driven by a combination of the US tariffs coming in at the lower 10% bracket and China, while responding with its own counter tariffs, announcing plans to cut taxes, lift consumption, and lowering its average tariff rate on imports from most of its trading partners as soon as October.  While these developments may have helped sentiment, a proper de-escalation in China / US relations has yet to ......read more

IYNC and the UAE Discuss the Way Forward for Global Nuclear Energy at IAEA General Conference…

The International Youth Nuclear Congress and the UAE Permanent Representation to the International Atomic Energy Agency co-hosted a side-event at the 62nd IAEA General Conference in Vienna, Austria Young professionals from the UAE, USA, China, Russia and France share their views on the future of nuclear energy and technology Dubai, UAE, September 20, 2018:  The International Youth Nuclear Congress (IYNC) and the United Arab Emirates (UAE) Permanent Representation to the International Atomic Energy Agency (IAEA) facilitated a discussion on the role of young people in the future of the nuclear industry with representatives from around the globe. The two organizations co-hosted a side-event at the 62nd IAEA General Conference today, with opening remarks from Ambassador Hamad AlKaabi, Permanent Representative of the UAE to the ......read more

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

ENEC participates in 62nd Annual Regular Session of the IAEA General Conference, UAE side event and International Youth Nuclear Congress event ENEC CEO updated the attendees on the status of the Barakah Nuclear Energy Plant Project   Abu Dhabi, UAE – 19 September 2018: The Emirates Nuclear Energy Corporation (ENEC) participated in the 62nd  Annual Regular Session of the IAEA General Conference, taking place at the IAEA International Center in Vienna, Austria, from 17 to 21 September 2018. The ENEC delegation to the Conference is led by Eng. Mohamed Al Hammadi, Chief Executive Officer of ENEC.   Eng. Mohamed Al Hammadi delivered a speech during the special event hosted by the UAE on the side-lines of the General Conference, in which he updated attending officials and representatives from IAEA member ......read more

Masdar, ADFD and PUC partner to build solar power plant with battery storage in Seychelles…

5MW Ile de Romainville Solar Park being developed with financing worth AED31 million from Abu Dhabi Fund for Development as well as funds from PUC’s own equity Solar PV project to be integrated with existing 6MW Port Victoria Wind Farm and PUC’s existing power station   Abu Dhabi, United Arab Emirates; Sept 12, 2018 – Masdar, Abu Dhabi Future Energy Company, will help the Public Utilities Corporation (PUC) in building a five-megawatt (MW) solar photovoltaic (PV) power plant with battery storage in the Republic of Seychelles The project is being financed by a AED31 million loan from Abu Dhabi Fund for Development (ADFD), the leading national entity for development aid, as well as funds from PUC’s own equity.   The project’s engineering, procurement and construction (EPC) contract ......read more

Why the Modern-Day Oil and Gas Industry Needs Millennials to Survive?…

September 11, 2018 - Dubai UAE: A 2016 report by McKinsey & Company found that 14 percent of millennials said they would not work in the oil and gas industry because of its negative image – the highest percentage of any industry. With millennials set to comprise 75 percent of the workforce by 2025, it is imperative companies within the oil and gas industry do more to attract younger talent.  In recent years, the oil and gas industry has seen the landscape in which it operates undergo significant change, marked by a West-East shift in socio-political and economic power and influence. This shift in influence is perhaps most exemplified by the long-awaited free trade agreement (FTA) between the European Union (EU) and the Gulf Cooperation Council (GCC).  The six countries of the GCC represent an important ......read more

Yahsat and Hughes to Form Joint Venture to Deliver Satellite Broadband Services…

Hughes and Yahsat to provide commercial Ka-band satellite broadband service across Africa, Middle East and southwest Asia Dubai, UAE, September 10, 2018:  Yahsat, a leading global satellite operator based in the United Arab Emirates (UAE) and wholly owned by Mubadala Investment Company, and Hughes Network Systems (HUGHES), a subsidiary of EchoStar Corporation (NASDAQ: SATS), today announced an agreement to enter into a joint venture to provide commercial Ka-band satellite broadband services across Africa, the Middle East and southwest Asia. This new venture combines Hughes deep expertise as the global leader in broadband satellite networks and services with Yahsat’s unique position and knowledge as the leader in satellite broadband solutions across these regions.  Hughes will purchase a minority interest in the ......read more

SNC-Lavalin awarded West Qurna phase 2 oil field contract in Iraq…

Dubai, UAE, September 09, 2018:  SNC-Lavalin (TSX:SNC) is pleased to announce that it has been awarded a framework agreement for project support services with LUKOIL Mid-East for the West Qurna phase 2 oil field in Iraq. “We continue to build on our long-term relationship with LUKOIL and to help them realize their projects successfully. Once again, we look forward to demonstrating our expertise in the delivery of professional services and our enviable reputation that has been earned in the region for over 50 years,” said Christian Brown, President, Oil & Gas, SNC-Lavalin. “We are well established in the Middle East and have worked closely with national and international oil companies and Iraq’s Ministry of Oil on projects across the value chain, ranging from professional services to engineering and ......read more

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

Dubai, UAE, September 05, 2018:  Gazprom Neft, Mubadala Petroleum and the Russian Direct Investment Fund (RDIF, the sovereign wealth fund of the Russian Federation) have announced the completion of a transaction establishing a joint venture to develop oil fields in the Tomsk and Omsk regions of Western Siberia.  Further to an agreement announced on 24 May 2018, Gazprom Neft has now completed its sale of a 49-percent interest in Gazpromneft-Vostok LLC, operator of 13 fields, to Mubadala Petroleum and RDIF. Following the completion of this transaction Gazprom Neft now holds a 51-percent interest in the joint venture, with Mubadala Petroleum and RDIF holding 44 percent and five percent equity, respectively. Gazpromneft-Vostok remains a subsidiary of Gazprom Neft, and will continue to operate the fields. The ......read more

Čibuk 1 wind farm in Serbia reaches key construction milestone…

Dubai, UAE, September 04, 2018:  A collaboration between Masdar, Taaleri Energia and the German development finance institution DEG to develop the largest utility-scale commercial wind project in Serbia has successfully reached a number of key milestones, and is on schedule to start production early next year. Čibuk 1 in Dolovo, situated 50km outside the capital Belgrade, has completed the construction of 33 overhead pylons allowing for the energisation of the wind farm’s substation, its connection to existing transmission lines 11km away, and the handover of the transmission operation building to its operator.    Comprising 57 wind turbines supplied by GE Renewable Energy, the 158-megawatt (MW) wind farm is expected to provide electricity to 113,000 homes and displace more than 370,000 tonnes of carbon ......read more

Atlantic Council Global Energy Forum Returns to Abu Dhabi in 2019…

Abu Dhabi, UAE, September 04, 2018:  The third annual Atlantic Council Global Energy Forum will be held in Abu Dhabi on January 12-13, 2019, again kicking off Abu Dhabi’s Sustainability Week. The two-day premier event gathers international and regional political, industry, and thought leaders to set the global energy agenda for the year and examine the longer-term geopolitical and geo-economic implications of the changing energy system. The conference agenda this year will focus on the future of oil, the digitization of energy, diversification in energy companies and countries, and will have a regional focus on East Asian energy demand and energy innovation. Last year’s event brought over 450 people to Abu Dhabi from around the world, including CEOs, Ministers, global media, and industry experts. The forum will ......read more

FANR and Khalifa University Sign Collaborative Research Agreement…

2 September 2018, Abu Dhabi, United Arab Emirates: The Federal Authority for Nuclear Regulation (FANR) and Khalifa University of Science and Technology (KU), have signed a collaborative research agreement focused on advancing nuclear safety research and educating the UAE’s next generation of peaceful nuclear energy professionals. The agreement was signed during a ceremony held at FANR’s headquarters by Christer Viktorsson, Director General of the Federal Authority for Nuclear Regulation, and Dr. Arif Sultan Al Hammadi, Executive Vice President of Khalifa University. According to the new agreement, FANR and KU will continue their joint work on the Advanced Thermal-hydraulic Test Loop for Accident Simulation Project Phase 2 (ATLAS-2), an international project jointly organized by the Organization for Economic Co-operation ......read more

Public-Private Partnerships to boost Economic development in the Gulf…

Oliver Wyman releases new report highlighting the impact of PPPs on national infrastructures across major Gulf economies  Dubai, United Arab Emirates, 07 August 2018:  In recent years, since the oil price slump, plans have emerged across the Gulf to curb fiscal deficits and diversify economies, most notably through the development of national infrastructure, highlights a new report by Oliver Wyman.   Titled “How Public-Private Partnerships can support the Gulf’s Economic development,” the report highlights the significance of the private sector’s contribution to the emerging economies. Public-Private-Partnerships (PPPs) stand among the main levers being considered in the Gulf as a means to boost private sector contribution to the economy and to offload some of the financing burden from ......read more

The 2nd Edition of the Phanes Group Solar Incubator set to kick off 7th August 2018…

Winner(s) will be announced at the “Unlocking Solar Capital: Africa 2018” conference in November Dubai, UAE, August 07, 2018:  Phanes Group, an international end-to-end solar provider headquartered in Dubai, UAE, has announced the 2nd edition of its Solar Incubator program, aimed at identifying PV projects of potential in sub-Saharan Africa by providing support to funding, and commercial and technical knowledge. The initiative held under the theme, “Your Project, Our Expertise, For a Sustainable Future”, will be held in collaboration with Hogan Lovells, responsAbility Renewable Energy Holding, RINA and Solarplaza, and invites PV developers to submit proposals for projects based in sub-Saharan Africa that have a clear Corporate Social Responsibility (CSR) component. Candidates are asked to submit ......read more

Barakah Unit 2 Successfully Completes Significant Pre-Operational Testing…

Unit 2 Hot Functional Test (HFT) completed successfully as part of testing and commissioning in preparation for operation Nawah operators benefit from unique plant operating experience Abu Dhabi, UAE – 6 August 2018:   The Emirates Nuclear Energy Corporation (ENEC) has successfully completed Hot Functional Testing (HFT) on Unit 2 of the Barakah Nuclear Energy Plant. This significant pre-operational testing process incorporated all lessons learned from the same test on Unit 1 in order to achieve the highest international standards of quality, safety and efficiency.   ENEC worked closely with the Korea Electric Power Corporation (KEPCO), the Joint Venture partner and Prime Contractor for the Barakah project, and under the observation of the Federal Authority for Nuclear Regulation (FANR), the ......read more

Tabreed's H1 2018 Net Profit Increases 10% To AED 211.9 Million…

2 August, 2018 – Abu Dhabi, United Arab Emirates:   National Central Cooling Company PJSC (DFM: Tabreed), the leading regional district cooling utility company, today released its consolidated financial results for the first half of 2018. The company continues to meet the region’s growing demand for district cooling and deliver solid performance and growth.   Financial highlights – six months ended 30 June 2018: Net profit attributable to the parent increased by 10 per cent to AED 211.9 million (H1 2017: AED 192.7 million) Group revenue increased by 2 per cent to AED 650.7 million (H1 2017: AED 639.2 million) Core chilled water revenue increased by 2 per cent to AED 617.3 million (H1 2017: AED 602.3 million) EBITDA increased by 6 per cent to AED 326.1 million (H1 2017: AED 308 ......read more

Nawah Energy Company Celebrates the Graduation of 195 ‘Energy Pioneers'…

Abu Dhabi, UAE – 25 July 2018:   Nawah Energy Company (Nawah), the nuclear operating joint venture company established by the Emirates Nuclear Energy Corporation (ENEC) and Korea Electric Power Corporation (KEPCO), celebrated the graduation of 195 students who are specializing in nuclear energy as part of the ‘Energy Pioneers’ scholarship program. The graduates successfully completed nuclear science and technology focused courses from various institutions of higher education in the UAE and abroad, including Khalifa University (Abu Dhabi), Abu Dhabi Polytechnic, and Pennsylvania State University, Texas A&M University and North Carolina State University in the United States of America.  Nawah Chief Executive Officer, Mr. Mark Reddemann, congratulated the students in his speech, and emphasized ......read more

The Sustainable City further reduces its carbon footprint by adopting B100 Bio-Diesel…

The renewable fuel alternative is manufactured from the used cooking oil produced by restaurants at The Sustainable City Dubai, United Arab Emirates, 18 July 2018:   The Sustainable City, the Middle East’s first fully operational sustainable community, has adopted B100 biodiesel to fuel the construction of the new buildings in phase 2 including Fairgreen International School, Hotel Indigo, and the innovation centre. The renewable fuel alternative is manufactured from the used cooking oil consumed by the restaurants at the community plaza, and will allow The Sustainable City to reduce its carbon footprint by up to 150 tons of carbon dioxide per year during the construction period. Faris Saeed, CEO of Diamond Developers — the company behind The Sustainable City — commented: “As The Sustainable City ......read more

Other Top Stories from Energy, Oil & Gas
 
Gold on French election alert, oil remains fragile…

By Ole Hansen   Head of Commodity Strategy / Saxo Bank Commodities markets have seen big swings during the past month Farm commodities under pressure from supply overhang and speculative selling Precious metals surged around Easter on spike in geopolitical concerns Gold is back testing key resistance, but could be in for short-term correction Surprise jump in US gasoline ......read more

DC PRO Engineering CEO Maps Out Plan for Greener Earth at the 2017 District Cooling Stakeholders ...…

Global CO2 emission to reach 43 Billion tonnes by 2040 Hydrogen to play a key role in resolving the energy storage dilemma UAE - 18 April 2017 Towns, cities and individuals must be held accountable for the energy they consume and should be rewarded and penalized accordingly, George Berbari, one of the world’s foremost voices on district cooling technologies told the prestigious ......read more

Schneider Electric Opens Submissions for Seventh Edition of International Student Challenge ‘Go ...…

Contest promotes innovation among business and engineering students Winning team to visit Schneider Electric’s global facilities, receive employment offers from company Dubai-UAE: 17 April, 2017 – Schneider Electric, the global specialist in energy management and automation, has launched the seventh edition of ‘Go Green in the City,’ its annual global challenge ......read more

Empower highlights the importance of district cooling to real estate developers ahead of the ...…

Empower announced recently a saving of 1000 MW of electricity, which is equal to AED 2.6 billion, as a result of using its district cooling services in  2016 Dubai, UAE, April 17 2017:  Emirates Central Cooling Systems Corporation (Empower), world’s largest district cooling services provider, underlined the importance of district cooling as an environment-friendly alternative ......read more

UAE Ambassadors Tour Barakah Nuclear Energy Plant…

-    Over 100 UAE Ambassadors briefed on the UAE Peaceful Nuclear Energy Program  -    Delegation witnessed the exceptional progress made at Barakah Abu Dhabi, UAE – 15 April 2017: The Emirates Nuclear Energy Corporation (ENEC) and Nawah Energy Company (Nawah) welcomed 117 of the UAE’s overseas diplomats to the Barakah Nuclear Energy Plant during ......read more

ENGIE has been qualified in the first round of the tendering process for two renewable energy ...…

ENGIE, through its subsidiary International Power SA, has been qualified in the first round of the tendering process for two renewable energy projects in Saudi Arabia. ENGIE is among the 27 companies selected for a 300 MW solar photovoltaic project, and among the 24 companies selected for a 400 MW wind farm. The shortlisted companies have been selected from a total of 128 applications. The 300 ......read more

ADNOC Distribution Announces Reduction of Retail Price of Unsubsidised LPG for Month of April…

Abu Dhabi, UAE, April 11, 2017:  ADNOC Distribution has announced a reduction of the retail price of unsubsidised LPG cylinders for the month of April 2017 in all service stations in the UAE. As per the announcement that is set on the 10th of every month, the new reduced retail price is as follows: AED 52 per 25lb, reduced from the earlier marked retail price of AED 58; AED 104 per 50lb, ......read more

China National Petroleum Corporation (CNPC) to Open Regional Headquarters in Jebel Ali Free Zone- ...…

-          Sultan Ahmad Bin Sulayem: CNPC’s move reinforces the company’s presence in Middle East markets and consolidates Jafza’s position as a regional hub for the oil and gas sector. -          Zhu Junfeng: New headquarters brings together 16 organisations in CNPC Group under one roof Dubai, United Arab ......read more

New US$1 billion SOHAR power plant is key to Port's expansion…

•    Construction in full swing on Oman’s second largest power plant  •    Commercial operation to commence in less than two years •    Gas turbine project with capacity of over 1,700 Megawatts   06 April 2017 - Dubai UAE: Work is progressing fast on the construction of SOHAR III, a green-field, integrated ......read more

District Cooling Solutions (DCS) to Optimise Climate Change…

Empower accentuates the importance of implementing a less expensive and greener alternative to air conditioning to reduce energy consumption and carbon emissions   Dubai, UAE - 5 April, 2017: Emirates Central Cooling Systems Corporation (EMPOWER), the world's largest district cooling service provider, accentuated the importance of implementing a less expensive and greener ......read more

BB Energy Acquires Australian Oil Terminal Pioneer Energy…

Purchase is significant step in firm’s global expansion    Dubai-UAE: 4 April, 2017 – The BB Energy Group (BB Energy) today announced that it has purchased Pioneer Energy, Morgan Stanley’s diesel terminal in Australia, via its wholly owned subsidiary Wala B Terminal Holding PTY Ltd. In line with BB Energy's ongoing global expansion, the acquisition is the ......read more

Networked Energy Services Commends UAE's Move to Roll Out Smart Grid & Meter Solutions…

UAE, April 03, 2017 - Networked Energy Services Corporation (NES), a global smart grid market leader with the industry’s leading Patagonia Energy Applications Platform (EAP ™), remarks the UAE’s plan to opt for clean energy sources and deploy smart grid and meter solutions that will increase the contribution of renewable energy to the total energy mix in line with the UAE Energy ......read more

ADNOC, and Masdar Sign MoUs with Saudi Aramco on Oil & Gas Collaboration and Sustainable Energy ...…

Abu Dhabi - UAE; April 2, 2017 -- Saudi Arabian Oil Company (Saudi Aramco) today signed two separate Memorandums of Understanding with Abu Dhabi National Oil Company (ADNOC) and with Masdar, Abu Dhabi’s renewable energy Company, covering energy and technology collaboration, renewables, and carbon management. Under the terms of the MoU between ADNOC and Saudi Aramco, the two companies ......read more

Sharjah Tatweer Forum explores best environmental practices in clean energy usage during Masdar ...…

March 28, 2017: Sharjah Tatweer Forum (STF), a part of the Rubu’ Qarn Foundation for Creating Future Leaders and Innovators, has successfully organized a visit of the latest batch of participants of the Sharjah Leadership Program (SLP) to Masdar Clean Energy, a commercially driven renewable energy company based in Abu Dhabi. The visit sought to help future leaders understand the goals and ......read more

Emirates Maritime Arbitration Centre sponsors the 10th International Fujairah Bunkering & Fuel Oil ...…

Dubai, UAE, 28 March, 2017:  Emirates Maritime Arbitration Centre (EMAC) will be attending the 10th International Fujairah Bunkering & Fuel Oil Forum as a function sponsor. Taking place on 27 to 29 March at the Al Diar Siji Hotel in Fujairah, the annual event is held under the patronage of His Highness Sheikh Hamad bin Mohammed Al Sharqi, Ruler of Fujairah & Member of the UAE Supreme ......read more

Future Cities Show 2017 to Bring Smart Energy Solutions to the UAE…

Renewable resources lead the way in smart approach to sustainable development Dubai, UAE, March 27, 2017: In today’s era, smart energy solutions are a prerequisite for the socio-economic development of the country. The smart energy solutions not only provide access to affordable, reliable, sustainable and modern energy solutions, but also drive the country towards its sustainable ......read more

Consumers in UAE Can Now Claim the Use of Renewable Energy with I-RECs…

Dubai Carbon has become the local issuer of International Renewable Energy Certificate Standard (I-REC Standard) allowing end-users validate renewable energy consumption Dubai, United Arab Emirates: Dubai Carbon has signed an agreement with I-REC Standard, the international organisation that facilitates robust attribute tracking systems for the reliable procurement of renewable electricity, ......read more

Schneider Electric Mentors University of Southern California Students on Regional Innovation, ...…

Schneider Electric’s Gulf leadership team participates in knowledge exchange with USC students Dubai, UAE: 26 March, 2017:  Schneider Electric, a global leader in energy management and automation, hosted a delegation from the University of Southern California (USC), one of the world’s leading private research universities based in Los Angeles, in early March 2017 at its ......read more

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 ......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 ......read more

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

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 ......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 ......read more

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

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 ......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 ......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 ......read more

Feilo Sylvania making retrofit simple…

Feilo Sylvania is proud to be a Gold Sponsor of this year’s RetrofitTech Summit and Awards taking place at The Meydan Hotel, Dubai from 20-21 March 2017. The company will be displaying a raft of innovative lighting solutions that offer a high quality of light, energy-efficient performance and intuitive controls specifically designed for retrofit applications.  The event is now in ......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, ......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 ......read more

Dubai Mosques and Islamic Affairs Buildings to Go Green…

Etihad ESCO will soon float an ESCO tender for circa 650 facilities managed by Dubai’s Islamic Affairs and Charitable Activities Department Dubai, United Arab Emirates: Etihad ESCO, the leading energy management services provider will soon float a tender seeking energy efficiency and water saving solutions for 650 facilities under Islamic Affairs and Charitable Activities Department. ......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, ......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 ......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 ......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 ......read more

Regional Sustainability Leader George Berbari Turns Up the Heat on Global Warming in ...…

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 ......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 ......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, ......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 ......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 ......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), ......read more

Kuwait to Tackle Climate Change with National GHG Inventory System…

The comprehensive National Inventory System will monitor critical data on climate change to help implement effective mitigation strategies Dubai, United Arab Emirates: After the successful delivery of UAE GHG Inventory for three consecutive years, Dubai Carbon is now cooperating with the UN Environment (UNEP) to develop a National Inventory System (NIS) for GHG Emissions in the state of ......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 ......read more

IFS and The Marsden Group collaborate on IoT offering for the oil and gas sector…

  IFS , the global enterprise applications company, and global IoT technology company The Marsden Group have signed a strategic partnership to jointly pursue opportunities in the oil and gas industry. The Marsden Group is a global technology company specialized in developing advanced analytics in support of IoT solutions for the upstream oil and gas market. From its offices in the ......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 ......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 ......read more

Panasonic Exhibits the Revolutionary HIT® Solar Panels at MEE 2017…

The HIT® solar panel’s low-temperature coefficient provides high-efficiency even in intense heat Dubai, United Arab Emirates: Panasonic Marketing Middle East and Africa (PMMAF) is showcasing its trademark high-efficiency solar solutions at Middle East Electricity (MEE) 2017, region’s largest power exhibition, happening at Dubai International Convention Centre on February 14-16, ......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 ......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 ......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 ......read more

ADNOC Distribution Announces New Retail Price of Unsubsidised LPG for Month of February…

Abu Dhabi, 12 February, 2017:  ADNOC Distribution has announced the new retail price of unsubsidised LPG cylinders for the month of February 2017. As per the announcement that is set on the 10th of every month, the new retail price is as follows: AED58 per 25lb up from the earlier marked retail price of AED53, and AED116 per 50lb from the earlier marked retail price of ......read more

The Petroleum Institute and Sharjah National Oil Corporation Enter MOU to Collaborate on ...…

Abu Dhabi, February 08, 2017:  The Petroleum Institute (PI) signed a Memorandum of Understanding (MOU) with the Sharjah National Oil Corporation (SNOC) to conduct research on its oil and gas exploration and production in Sharjah. The agreement aims to exchange knowledge between the PI’s research team and SNOC’s E&P experts and to provide Msc and PHD internship opportunities ......read more

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