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
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
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
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
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 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
New 175,000-square metre facility in Jebel Ali Free Zone to connect to global markets
Dubai, United Arab Emirates, 16 July 2018:- DP World, UAE Region, the Middle East’s leading regional trade enabler, today signed an important Strategic Long Term Service Agreement with Emirates Global Aluminium (EGA), the largest industrial company in the United Arab Emirates outside oil and gas, aimed at supporting the UAE’s position as a major exporter of the metal.
The agreement extends the strategic partnership between the two companies, facilitating the storage and transportation of aluminium manufactured by EGA. As part of the agreement, EGA is leasing a dedicated storage area that is the largest the company has ever used at Jebel Ali Port and which will further ease the export of EGA’s metal ......read more
All major concrete work successfully completed at Unit 3 of the Barakah Nuclear Energy Plant
Major construction work completed on Unit 3 Turbine Generator and Reactor Vessel (RV) Internals
Abu Dhabi, UAE – 10 July 2018: The Emirates Nuclear Energy Corporation (ENEC) has achieved a series of significant milestones in the construction of Unit 3 of the Barakah Nuclear Energy Plant in the Al Dhafra Region of Abu Dhabi. ENEC has successfully completed the major construction work including major concrete pouring, installation of the Turbine Generator, and the internal components of the Reactor Vessel (RV) of Unit 3, paving the way for the commencement of testing and commissioning.
With the accomplishment of these milestones, construction crews will begin transitioning from Unit 3 to Unit 4, taking ......read more
Abu Dhabi, June 25-26, 2018
Dubai, United Arab Emirates; July 3, 2018: Business France jointly with EVOLEN, and the French Business Group hosted the third UAE France Oil and Gas Connecting Days from June 25th to 26th in Abu Dhabi and Ruwais. The two days forum included ADNOC and its subsidiaries, as well as several ADNOC partners including Mudabala Petroleum.
This event was launched under the patronage of His Excellency Ludovic Pouille, Ambassador of France to the United Arab Emirates.
Following the successful sessions in 2015 and 2017, under the framework of UAE France strategic dialog, the third UAE France Oil and Gas Connecting Days aims to highlight the strong innovative capabilities of the French industry in Energy and Oil and Gas sectors and to strengthen business relationships in the fields of Oil ......read more
ADIPEC Awards Celebrate Excellence in the Petroleum Industry
Categories Highlight Outstanding Achievements Shaping the Future in an Evolving Landscape for Hydrocarbons
Abu Dhabi, UAE – 3 July 2018 – Entries for the oil and gas industry’s prestigious ADIPEC 2018 Awards are now open, with six categories focused on issues crucial to the progress and resilience of the hydrocarbons sector.
Celebrating achievements across the oil and gas industry, the ADIPEC Awards identify the leading companies, individuals, initiatives, projects and technologies that are shaping the sector’s future, in a changing energy landscape. Entries will remain open until August, and submissions can be made via the ADIPEC website.
“The ADIPEC Awards recognise outstanding people and industry ......read more
1 July 2018, Abu Dhabi, United Arab Emirates: The United Arab Emirates hosted the International Atomic Energy Agency (IAEA) Phase 3 Integrated Nuclear Infrastructure Review (INIR) mission from 24 to 1 July. The aim of the mission was to assist the UAE by providing a review of the nation’s overall nuclear energy infrastructure. The UAE is the first country to implement and achieve Milestone 3 of the IAEA’s ‘Milestones’ approach to nuclear energy infrastructure development.
An international team of ten IAEA and international experts reviewed the UAE’s development since the last INIR mission conducted in 2011. The team focused on the conditions required to achieve Milestone 3, through assessing 19 infrastructure issues as outlined in the IAEA’s ‘Milestones’ approach, a ......read more
Dubai, UAE, June 28, 2018: Introduction and basis for preparation
This report sets out details of the payments made to governments by RAK Petroleum plc and its subsidiary undertakings (‘RAK Petroleum’) for the year ended 31 December 2017 as required under the Disclosure and Transparency Rules of the UK Financial Conduct Authority (the ‘DTRs’) and in accordance with our interpretation of the draft Industry Guidance issued for the UK’s Report on Payments to Governments Regulations 2014, as amended in December 2015 (‘the Regulations’). The DTRs require companies in the UK and operating in the extractives sector to publically disclose payments made to governments in the countries where they undertake exploration, prospection, development and ......read more
Dubai, UAE, June 27, 2018: Siemens has received an order for three SGT5-4000F gas turbines from United Arab Emirates (UAE). The turbines will be used in Unit H Phase 4 of the Al Aweer power plant complex which is located approximately 35 kilometers from downtown Dubai. DEWA has awarded the project EPC contract to Siemens in a consortium led by the Egypt-based company El Sewedy Electric Co SAE (SWDY.CA) through its subsidiary Elsewedy Power. With an electrical generating capacity of about 815 megawatts (MW), the turbines will increase the total output of the power plant complex to more than 2.8 gigawatts (GW). The commercial commissioning of the three gas turbine trains is scheduled for spring 2020.
Siemens' scope of supply encompasses three SGT5-4000F gas turbines, three SGen5-1200A generators and the control system ......read more
Dubai, UAE, June 24, 2018: The Bloomberg Commodity Index has seen its year-to-date gains disappear following four weeks of heavy selling. The broad-based index, which tracks 22 major commodities evenly split between energy, metals and agriculture, has been hurt by a stronger dollar and trade war angst as well as expectations that Opec+ will increase production in order to cap crude oil’s upside.
The current robustness of the US economy compared with the rest of the world has led to the current divergence in monetary policy between the Federal Reserve and other major central banks around the world. As a result, the global economy, especially emerging market economies carrying a heavy debt load, has seen a more challenging environment as the dollar strengthens and liquidity becomes tighter.
Adding to this, the ......read more
Abu Dhabi, 20 June 2018: Mubadala Petroleum announces that it has completed the acquisition from Italy’s Eni of a 10 percent participating interest in the offshore Shorouk Concession in Egypt, which contains the supergiant Zohr gas field. Following the completion, Eni, through its subsidiary IEOC, holds a 50 percent interest in the concession. The other partners in the concession are BP with 10 percent interest and Rosneft with 30 percent interest.
Dr. Bakheet Al Katheeri, Chief Executive Officer, Mubadala Petroleum signed a deed with Eni completing the sale to Mubadala Petroleum in the presence of the Egyptian Minister of Petroleum, HE Tarek El-Molla, in Cairo.
Dr. Al Katheeri said: “The acquisition of a 10 percent interest in the Shorouk concession with the producing Zohr gas field is a ......read more
The poll on nuclear energy conducted by independent global market research company Nielsen shows that 82 percent of UAE residents are in favor of using nuclear energy for generating electricity - the highest level of support globally
Al Dhafra residents show highest acceptance levels in the UAE for the construction of the Barakah plant
Abu Dhabi, UAE – 20 June 2018: An independent national poll on nuclear energy shows the UAE public strongly supports the use of peaceful nuclear energy, with 82 percent of residents in favor of using nuclear energy for generating electricity and 91 percent stating that peaceful nuclear energy is important for the nation. Global figures from similar polls conducted in other countries demonstrate that the UAE Peaceful Nuclear Energy Program enjoys the highest acceptance levels in ......read more
Abu Dhabi, UAE: 17 June 2018: Adnan Z. Amin, Director-General of the International Renewable Energy Agency (IRENA) has welcomed the European Union’s (EU) decision to increase its renewable energy target from 27 per cent to 32 per cent by 2030, highlighting that the move reinforces the EU’s position at the forefront of energy transformation and reflects the new economics of renewable energy. Responding to the announcement made by the European Commission today, Mr. Amin said:
“The EU’s decision to increase its renewable energy target from 27 per cent to 32 per cent by 2030 is a move that consolidates Europe’s position at the forefront of the global energy transformation, and establishes a positive decarbonisation pathway in line with its commitments under the Paris Agreement.
“It is also ......read more
Dubai, UAE; June 13, 2018: Tristar Group’s two warehouses located in the Jebel Ali Industrial Area 1 and 2 were awarded 5-star rating by Dubai Multi Commodities Centre (DMCC) for the second and third consecutive years, respectively.
Shivananda Baikady, General Manager-Road Transport and Warehousing, Tristar, said: “Our specialized warehousing facilities are designed to accommodate and handle dangerous and non-dangerous goods with stringent adherence to health, safety and environmental standards. We are proud to receive consecutive 5-star rating by DMCC for our warehouses in Industrial Area 1 and 2. It is a reflection of excellence in our day- to-day operations. The rating is also a sound testament to our best-in-class warehousing service for major oil companies.”
All types ......read more
Renewable energy continues to attract an increasing share of global investment, with annual investments expected to grow by $130 billion, compared to 2016 figures, reaching around $370 billion in 2020.
Developing countries now account for almost half of all renewables investment, although to date there has been modest investment in the GCC
Investment in GCC renewable energy could reach $16 billion in 2020 with a cumulative total of $40 billion between 2016 and 2020, provided the correct decisions and policies are adopted
The GCC countries have considerable potential for renewable energy deployment
Strategy& outlines six part framework for GCC to catch up
Dubai, UAE, June 5, 2018: The Gulf Cooperation Council (GCC) states show great promise for renewable energy deployment, according to a recent ......read more
By Ole S Hansen, Head of Commodity Strategy at Saxo Bank
Dubai, UAE, June 3, 2018: Commodities traded lower this past week with losses being led by the energy sector while both the metals and agriculture sectors were mixed. Impacting commodities both directly and indirectly were the unfolding political crises in both Spain and Italy, together with Donald Trump’s decision to slap duties on imports of steel and aluminium from US allies while also preparing a range of tariffs on goods from China.
Both events helped increase stock market volatility while sending core bond yields lower and the dollar higher. At the same time, they also raised additional concerns about the trajectory of global growth, which is already showing signs of slowing.
Crude oil once again attracted most of the headlines as the market ......read more
All efforts focused on preparations for safety-led nuclear operations of the UAE’s first nuclear reactor in accordance with the highest standards of a nuclear safety culture and quality assurance
Comprehensive schedule review points to start-up of nuclear operations for Unit 1 between the end of 2019 and early 2020
Abu Dhabi, UAE – 26 May 2018: Nawah Energy Company (Nawah), the operator of the Barakah Nuclear Energy Plant in the Al Dhafra Region of Abu Dhabi, has entered the next phase of preparation for nuclear operations. With construction of Unit 1 recently completed by the Emirates Nuclear Energy Corporation (ENEC) and Joint Venture partner, the Korea Electric Power Corporation (KEPCO), Nawah has completed a comprehensive operational readiness review to generate an updated schedule for ......read more
Dubai, UAE, May 24, 2018: The Russian Direct Investment Fund (RDIF, the sovereign wealth fund of Russia) and Mubadala Petroleum, the UAE-based leading oil and gas exploration and production company, announce the creation of a joint venture with PJSC Gazprom Neft to develop several oil fields in the Tomsk and Omsk regions. RDIF and Mubadala Petroleum will acquire a 49 percent equity stake in LLC Gazpromneft-Vostok, the operator of the fields. Mubadala Petroleum will hold a 44 percent interest and RDIF will hold the remaining 5 percent interest. Completion of the transaction is subject to customary regulatory and internal approvals. The corresponding agreement was announced today at the St. Petersburg International Economic Forum.
Proved and probable reserves of hydrocarbons in the fields are about 40 million tons (approx. 300 ......read more
The recently launched licensing round has proven a draw with companies from all over the world thanks to the unique, overall proposition on offer
Ras Al Khaimah, United Arab Emirates, 23, May 2018: With proven hydrocarbon reserves in place, diverse exploration plays, easily accessible existing infrastructure, attractive production sharing terms and commercialization plans, plus a team of international experts already working on the ground, the tendering process to explore for oil and gas resources in Ras Al Khaimah has received positive interest on a global scale.
Launched on 1 April 2018 to attract regional and international companies aiming to expand their portfolios in the UAE, the 2018 RAK Licensing Round is proving to be popular, with many firms already taking advantage of the data rooms being facilitated by ......read more
70% renewables by 2050 target is achievable if regulations adequately reflect contribution of solar and wind power says IRENA
Dubai, UAE, May 23, 2018: Upgrades to Panama’s regulatory environment and power system management are critical to achieving the renewable energy goals set out in the country’s National Energy Plan, per a Renewables Readiness Assessment Panama report released by the International Renewable Energy Agency (IRENA). The report was launched at high-level event in Panama City today and presented to the country’s Secretary of Energy, Dr. Victor Urrutia.
A central recommendation of the report calls for amendments to the country’s regulation of Power Purchase Agreements (PPAs) for variable renewable energy sources, such as solar and wind. Currently, these renewable energy ......read more
May 16, 2018, United Arab Emirates: Since mid-2014, the harsh cyclical downturn in oil prices has tested, and proved, the resilience of international oil majors' integrated business models. S&P Global Ratings recognizes the majors' downstream refining and petrochemical assets provided them with a cushion as cash flows from the upstream businesses, especially straight exploration and production businesses, plunged.
Those downstream businesses have since taken a backseat as higher oil prices, lower costs, and capital expenditure (capex) help upstream performance recover. Nonetheless, one of the concerns arising from the industry downturn has been whether the largest oil companies have been underinvesting, as a result of the huge capex cuts since 2014.
In our view, ......read more
Abu Dhabi, United Arab Emirates; March 22, 2017: EDF Group, via its subsidiary EDF Energies Nouvelles, a market leader in renewable energy electricity, has joined the Masdar-led consortium developing the 800-megawatt (MW) third phase of the Mohammed bin Rashid Al Maktoum Solar Park in Dubai.
The agreement formalising the company’s entry into the consortium was signed today by ......read more
Dubai, UAE, March 22, 2017: The clock is ticking for UAE entities as they look forward to taking their place in the UAE Pavilion – one of the largest – at the International Specialized Exhibition EXPO 2017 "Future Energy", which will be held in less than 80 days’ time.
“With less than three months remaining until EXPO 2017, we are happy to announce that ......read more
Region outgrows global average of 2.2%
Dubai, United Arab Emirates, March 21, 2017: The petrochemical industry in the Arabian Gulf region grew at 3.7%in 2016 reaching 150 million tons of capacity, according to an annual study by the Gulf Petrochemicals and Chemicals Association (GPCA), outpacing the global average growth of 2.2%. The figures emerged from ‘Arabian Gulf ......read more
A surge of mega deals is approaching and will accelerate the “merger endgame” in multiple chemicals markets.
United Arab Emirates, Dubai, 21 March, 2017: Record-high M&A activity is set to transform the chemicals industry in 2017, according to A.T. Kearney’s new Chemicals Executive M&A Report. More than $300 billion of chemicals M&A deals are in the ......read more
Decarbonisation of global energy system, led by renewables and efficiency, would create economic gains
Berlin, Germany, 20 March 2017 — Global energy-related carbon dioxide (CO2) emissions can be reduced by 70% by 2050 and completely phased-out by 2060 with a net positive economic outlook, according to new findings released today by the International Renewable Energy Agency ......read more
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
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
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
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
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 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
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
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
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
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
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
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
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
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
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
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 , 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 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
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
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
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
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
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
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
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
A crucial component in the generation of electricity in power stations
An important part of the process of turning energy from nuclear fission into electricity
Abu Dhabi, UAE – 07 February 2017: The Emirates Nuclear Energy Corporation (ENEC) has completed the installation of the condenser for Unit 4 of the Barakah Nuclear Energy Plant, being built in the Western Region of ......read more
The Group showcases its full range of cables, including its most recent innovations for Construction, Power Transmission and Industrial applications
Focus on PRY-CAM Monitoring Systems, TECSUN Solar cables and P-Laser, the most powerful cable solution for HVDC power transmission, with dedicated technical seminars
Milan, 07 February 2017 – Prysmian Group, world leader in the energy and ......read more
Abu Dhabi-UAE: 06 February, 2017: ADNOC Distribution today announced that its new Al Rgayyb service station, located on the Ghayathi-Ruwais Road in the Western Region of Abu Dhabi, had started operations. The opening comes as part of the company’s ongoing expansion strategy that aims to meet the growing demand for its high-quality products and services in various parts of the ......read more
Manchester United football legends Dwight Yorke and Peter Schmeichel unveil new lubricant in Dubai
Dubai, UAE, February 6, 2017: Gulf Oil Middle East – a wholly owned subsidiary of Gulf Oil International Ltd (GOI), which has a long-term partnership with the world’s leading football brand, Manchester United – has officially launched its new specially formulated ......read more
The audience is expected to surpass last year with attendees coming from 45 countries making Jordan a focal point for the energy industry in the region and throughout JIES delegates are able to interact and engage in purposeful meetings
AMMAN, Jordan, February 1, 2017: On 2-3 April 2017, Jordan will host the 3rd Jordan International Energy Summit (JIES) (www.JIES-Summit.com) under the ......read more
Dubai, UAE, January 31, 2017: ENGIE has been awarded the contract and achieved financial closing for the greenfield Fadhili independent power project (IPP) in Saudi Arabia, the most efficient cogeneration plant in the country.
Located in the east of Saudi Arabia, 50 kilometers northwest of Jubail Industrial City, the Fadhili project is a combined cycled gas power plant with a ......read more
The entity will provide energy efficiency solutions to over 600 villas built under the Hatta Comprehensive Development Plan
Dubai, United Arab Emirates- Etihad ESCO, the leading energy management services provider established by DEWA, has submitted a tender for the largest rooftop solar PV project in the region. Etihad ESCO will design and install the most comprehensive energy efficiency ......read more
Agreement exchanged in presence of HH Sheikh Mohamed bin Zayed and India’s PM Narendra Modi
Abu Dhabi, UAE – January 26, 2016: In the presence of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces and India’s Prime Minister, Narendra Modi, the Abu Dhabi National Oil Company (ADNOC) and ......read more
Oil and Natural Gas Corporation (ONGC) started its hunt for “Black Gold” in Indian waters in 1976 and is currently operating more than 265 offshore fixed jacket platforms in water depths ranging from 25 to 90 meters. Most of these platforms had a 25-year design life, with many of them having already outlived this milestone and many more approaching it. Additionally, modifications on ......read more
UAE, January 25, 2017- Collaboration Management & Control Solutions (CMCS), the leading in Project Management Information Systems, has introduced an Executive Training Program for Project Management Offices (PMOs) in the UAE. The move is in line with the UAE Government’s announcement to launch a project for training and certifying over 500 public sector employees who are managing ......read more
H.E Bin Shafar: "Empower boosted cooperation with many international energy companies at the summit"
Abu Dhabi, UAE, 22 January 2017: Emirates Central Cooling Systems Corporation (EMPOWER), the world's largest district cooling service provider, successfully concluded its participation in the 10th World Future Energy Summit (WFES), as part of Abu Dhabi Sustainability Week ......read more
Fisch Asset Management: Energy sector faces challenges but reasons for optimism in Saudi Arabia
Despite World Future Energy Summit focus on Saudi diversification, oil revenues remain at heart of economic growth
Proposed IPO of Saudi Aramco could see leverage up to a maximum of 2.5x and qualify for a rating in line with the sovereign
I-CV issues independent ratings of A for UAE’s ......read more
Abu Dhabi leads region in successful Carbon Capture Utilisation and Storage
Abu Dhabi, UAE – January 21, 2017: The world must recognise the increasingly important role Carbon Capture and Storage’ (CCS) can play in mitigating greenhouse gas emissions, the World Future Summit (WFES) has been told. CCS operations like Al-Reyadah, the joint venture between the Abu Dhabi National ......read more
High Interest in KSA 9.5 GW and India 175 GW Renewable Energy Deals
Abu Dhabi, United Arab Emirates, January 19, 2017: The 10thedition of the World Future Energy Summit (WFES) ended Thursday, with strong growth in commercial activity surrounding the event and the number of hosted business meetings surging by more than 60 per cent.
Hosted by Masdar as part of Abu Dhabi Sustainability ......read more
18 January 2017, Abu Dhabi, UAE: Attended by His Excellency Eng. Suhail Al Mazrouei, UAE Minister of Energy and Chair of the UAE National Committee, His Excellency Dr Matar Al Neyadi, the Undersecretary of the Ministry of Energy and the Chair of the Organizing Committee signed today the Project Management Office (PMO) contract with Energy Events Experts (E3) to support the work of the ......read more
QCC to Focus on Energy Efficiency and Water Conservation Certification Schemes to Promote Sustainable Built Environment
Abu Dhabi-UAE: 18 January, 2017: The Abu Dhabi Urban Planning Council (UPC) will be transferring ownership of Estidama Villa Products Database (EVPD) to Abu Dhabi Quality and Conformity Council. This transition has been decided by Abu Dhabi Government in order to ......read more
Event closely aligned with PepsiCo’s commitment to responsible water stewardship
PepsiCo pledges to provide access to safe water to an incremental 16 million people in water-stressed areas over the next decade
PepsiCo plans to improve water-use efficiency by 25% globally in direct manufacturing operations, and replenish local watersheds
New expert report from Booz Allen ......read more
The forum is being held in parallel to the World Future Energy Summit in Abu Dhabi
H.E. Eisa Saif Al Qubaisi: “The implementation of waste management plan is one of the main pillars of Abu Dhabi’s national waste policy”
Abu Dhabi, 18 January 2017: Tadweer (Center of Waste Manage – Abu Dhabi) concluded today its Waste Management Solutions ......read more
Displaying model of its third plant in Business Bay:
Company to contribute in implementing Dubai Clean Energy Strategy 2050 as part of adopting best sustainable solutions to save natural resources for future generations in the Emirate
Abu Dhabi, UAE, 18 January 2017: Emirates Central Cooling Systems Corporation (EMPOWER), the world's largest district cooling service ......read more
Initiatives will generate savings of US$1 billion by 2020
Abu Dhabi, UAE – January 17, 2017: The Abu Dhabi National Oil Company (ADNOC) announced, today, it plans to introduce measures that will increase energy efficiencies by 10 per cent by 2020. The energy efficiency strategy will reduce ADNOC’s gas consumption by 156 million cubic feet per day, saving a total of US ......read more